Author: Yvonne Ziomecki

12 Sep 2017

The True Cost of Downsizing

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

In the midst of the booming real estate market in Canada (mainly in Vancouver and Toronto), many Canadians are entertaining the idea of downsizing in order to sell their homes at a high value and purchase a smaller home or condo at a lower price. Is downsizing the way to go? What are the costs Read More

9 Aug 2017

Home Equity Line of Credit in Canada vs. Reverse Mortgages

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

In our business, we are constantly approached with questions about how reverse mortgages work and how they compare to Home Equity Lines of Credit (HELOCs). HELOCs are the most closely comparable products in Canada and many believe them to be superior to reverse mortgages. But many Canadians look at only two things and assume HELOCs Read More

6 Jun 2017

How does the growth of our aging population affect Canadians?

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

According to the latest Statistics Canada’s 2016 census data released last month, Canadian seniors now outnumber children for the first time, with 5.9 million Canadian seniors compared to 5.8 million Canadians 14 years of age or younger. The number of Canadian seniors is expected to continue to grow because of the gains in life expectancy. Read More

3 May 2017

Reverse Mortgages – No, We Don’t Want Your Home!

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

Reverse Mortgages have had their share of misconceptions. In fact, we are often approached with false assumptions and unfounded facts about the product that steer the public to think of the product in a negative light. This article will cover one of the most common myths and the real facts behind this myth that has Read More

16 Feb 2017

Be the Sunshine For a Senior This Month

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

As Canadians, February can be one of the hardest months. It’s when the wounds of the holiday credit card bills are still fresh and taxes for the upcoming season need to be prepared. Financial stress may be at its peak. According to Statistics Canada, over 1.4 million senior Canadians reported feeling lonely. The loneliness and Read More

12 Jan 2017

Startling Gap Between the Lifestyle Expectation and Reality of Canadians 40+

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

Over the last few years, we have seen many retired Canadians outliving their retirement savings and requiring a financial solution to help them live the rest of their retirement. In the media alone, there is a constant outpouring of articles relating to retirement planning, preparing enough savings for retirement, as well as numerous articles around Read More

11 Aug 2016

To the Children of Aging Parents

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

Are you an adult with an aging parent(s) and are you concerned about your parents’ ability to remain financially independent? Today, Canadian adults have many responsibilities, including the concern for their children’s well-being, as well as their parents’ quality of life and their debt. As life expectancy rises for the senior demographic, there is a Read More

21 Jul 2016

Canadian Icon. World Champion…Reverse Mortgage Spokesperson

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

In celebration of the 30th Anniversary, HomEquity Bank has announced a new face for Canadian reverse mortgages. HomEquity Bank will collaborate with four-time Canadian and World figure skating champion Kurt Browning for a new series of commercials. Kurt is a Canadian figure skating legend and icon, most recognized by his upbeat and colourful personality on Read More

19 May 2016

Your Parents Owe $500,000 to CRA…Can a Reverse Mortgage Help?

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

Lawyers, doctors, business owners and other self-employed Canadians…you know the type. Well educated, hard-working and driven. They are dedicated to their profession, their business, their staff and helping people. They don’t have much personal time since work is their life, but when they do, they like spending time with their friends and family, they have Read More

10 Feb 2016

Reverse Mortgage vs. Home Equity Loan

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

More and more Canadians are going into their retirement years without a lot of money saved in the bank. It is suggested that in order to live a financially comfortable retirement, couples should have saved 50-60% of their peak pre-retirement income, which equates to roughly $42,000 to $72,000 a year or $275,000 to $1,025,000. Singles Read More

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