Home Trust is a leading Canadian financial services company that provides a wide range of products and services to individuals and families. It is a subsidiary of Home Capital Group and is based in Toronto, Ontario. The company is a federally regulated trust company and is publicly traded on the Toronto Stock Exchange.
Home Trust offers a variety of mortgage products, credit cards, and deposit accounts, as well as other services like mortgage brokerage, insurance, and wealth management through its subsidiaries and partnerships. The company focuses on providing lending solutions to individuals and families who may not qualify for traditional banking products. It is known for providing alternative lending solutions at a higher interest rate than traditional banks.
The company’s personalized service and high acceptance rate for loan applications also set it apart from traditional banks.
Home Trust’s customer service team is available to help customers understand the process and the products better, which can ease the stress of applying for loans. Additionally, the company’s subsidiaries and partnerships allow it to offer more services and support to its customers.
It’s important to note that while Home Trust offers a good option for customers with unique needs, customers should be aware that the interest rates offered by the company may be higher than those offered by traditional banks for similar products, because of the higher risk associated with these customers. It is essential to compare the rates and terms of different financial institutions before making a final decision.
About Home Trust
Home Trust offers a variety of mortgage products, including fixed-rate and adjustable-rate mortgages, as well as purchase and refinance loans for homes, condos, and rental properties. The company also offers a line of credit and home equity loans, as well as a variety of deposit accounts, including savings and chequing accounts, and Guaranteed Investment Certificates (GICs).
Home Trust also offers credit cards through its Oaken Financial brand, which include a rewards program, cash back and no annual fee. In addition to its core lending and deposit products, the company also provides other services such as mortgage brokerage, insurance, and wealth management through its subsidiaries and partnerships.
Home Trust is known for providing alternative lending solutions to customers who may not qualify for traditional bank loans, such as self-employed individuals, new Canadians, and those with past credit issues. However, it’s important to note that the company’s interest rates may be higher than those offered by traditional banks.
What Separates Home Trust from other financial institutions?
Home Trust differentiates itself from other financial institutions in several ways:
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Alternative lending solutions: Home Trust provides alternative lending solutions to customers who may not qualify for traditional bank loans. This includes self-employed individuals, new Canadians, and those with past credit issues.
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Wide range of products and services: Home Trust offers a variety of products and services including mortgages, credit cards, deposit accounts, line of credit and home equity loans, mortgage brokerage, insurance, and wealth management.
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High acceptance rate: Home Trust has a higher acceptance rate for loan applications than traditional banks, which makes it an attractive option for customers who have been denied a loan by a traditional bank.
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Personalized service: Home Trust provides personalized service to customers, which can help customers understand the process and the products better.
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Competitive rates: Despite the higher interest rates for alternative lending solutions, Home Trust also offers competitive rates on its products to attract customers.
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Subsidiaries and partnerships: Home Trust uses its subsidiaries and partnerships to offer more services and support to its customers
It’s important to note that these differentiators may vary depending on the region and availability, and the company may add or discontinue any of these products depending on the market conditions and demand.
Who Are The Home Trust Customers?
Home Trust serves a diverse range of customers, including individuals and families who may not qualify for traditional banking products. Some of the customers that Home Trust typically serves include:
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Self-employed individuals: Home Trust provides lending solutions for self-employed individuals who may not have traditional forms of income or credit history.
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New Canadians: Home Trust offers lending solutions for new Canadians who may not have an established credit history in Canada.
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Customers with past credit issues: Home Trust provides lending solutions for customers who may have had past credit issues and may not be able to qualify for a loan from a traditional bank.
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Customers who need alternative lending solutions: Home Trust offers alternative lending solutions to customers who may not qualify for traditional bank loans, such as line of credit and home equity loans.
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Customers looking for a variety of products and services: Home Trust offers a wide range of products and services that can meet the needs of different customers.
It’s important to note that these customer groups are not exclusive, and Home Trust also serves customers who may not fall into these categories. Additionally, the company may adjust its target customer group based on market conditions and demand.
Products Offered By Home Trust
Home Trust offers a variety of products and services, including:
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Mortgages: Home Trust offers fixed-rate and adjustable-rate mortgages, as well as purchase and refinance loans for homes, condos and rental properties.
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Credit Cards: Home Trust offers credit cards through its Oaken Financial brand, which includes a rewards program, cash back and no annual fee.
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Deposit Accounts: The company offers a variety of deposit accounts, including savings and chequing accounts, and Guaranteed Investment Certificates (GICs).
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Line of credit and home equity loans: Home Trust also offers line of credit and home equity loans for customers who need a loan against the equity of their home.
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Mortgage brokerage: The company also provides mortgage brokerage services through its subsidiary, Oaken Financial
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Insurance: Home Trust offers insurance products through its partnership with a few well-known insurance companies
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Wealth management: Home Trust provides wealth management services through its subsidiary, Home Trust Company.
It’s important to note that these products and services may vary depending on the region and availability, and the company may add or discontinue any of these products depending on the market conditions and demand.
Home Trust Credit Cards
Home Trust offers credit cards through its Oaken Financial brand. Oaken Financial credit card offers a rewards program, cash back, and no annual fee. These cards can be used to make purchases and earn rewards points, or cash back, which can be redeemed for travel, merchandise, or statement credits. Some of the features of Oaken Financial credit cards include:
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No annual fee: Oaken Financial credit cards do not have an annual fee, which can help customers save money in the long run.
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Rewards program: Oaken Financial credit cards offer a rewards program, which allows customers to earn points or cash back on their purchases.
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Cash back: Oaken Financial credit cards offer cash back, which can be redeemed for travel, merchandise, or statement credits.
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Online account management: Oaken Financial credit card holders can manage their accounts online, which allows them to view their transactions, pay their bills, and redeem rewards.
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Fraud protection: Oaken Financial credit cards come with fraud protection, which helps protect customers from unauthorized charges on their cards.
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Interest rate: Oaken Financial credit cards have a variable rate of interest, which can change depending on the market conditions.
It’s important to note that the terms and conditions of the Oaken Financial credit cards may vary depending on the region and availability, and the company may add or discontinue any of these products depending on the market conditions and demand.
Interest Rates
Interest rates for Home Trust’s products, like most financial institutions, are based on a variety of factors, including the type of product, the term of the loan or deposit, and the creditworthiness of the borrower or depositor. The company is known for providing alternative lending solutions to customers who may not qualify for traditional bank loans, such as self-employed individuals, new Canadians, and those with past credit issues.
However, it’s important to note that the interest rates offered by Home Trust may be higher than those offered by traditional banks for similar products, because of the higher risk associated with these customers. However, the company also offers competitive rates on its products to attract customers.
It is important to note that the interest rates on all products can vary depending on the market conditions, so it is best to check with the company or visit their website for the most up-to-date and accurate information.
How To Contact Home Trust?
Home Trust has a number of ways for customers to contact them, including:
Phone: Customers can call Home Trust’s customer service hotline at 1-800-263-8349. The customer service is available Monday to Friday from 8:00 am to 8:00 pm and on Saturdays from 9:00 am to 4:00 pm EST.
Email: Customers can email Home Trust at [email protected]
Online Chat: Home Trust also offers an online chat service on their website during business hours.
Branch Locations: Home Trust has branches located across Canada. Customers can visit the branch for personal assistance.
Mail: Customers can send correspondence to Home Trust’s head office at:
Home Trust Company
20 Eglinton Avenue West
Suite 1200
Toronto, ON
M4R 1K8
It’s important to note that the availability of these contact options may vary depending on the region and the current situation. It’s always best to check the company’s website for the most up-to-date information.
Final Words
In conclusion, Home Trust is a Canadian financial services company that provides a wide range of products and services to individuals and families. The company is a subsidiary of Home Capital Group and is based in Toronto, Ontario.
Home Trust is a federally regulated trust company and is publicly traded on the Toronto Stock Exchange. The company offers a variety of mortgage products, credit cards, and deposit accounts, as well as other services like mortgage brokerage, insurance, and wealth management through its subsidiaries and partnerships.
Home Trust is known for providing alternative lending solutions to customers who may not qualify for traditional bank loans, such as self-employed individuals, new Canadians, and those with past credit issues.
However, it’s important to note that the interest rates offered by Home Trust may be higher than those offered by traditional banks for similar products, because of the higher risk associated with these customers. The company also offers competitive rates on its products to attract customers.
Home Trust serves a diverse range of customers, providing them with personalized service and alternative lending solutions. It’s a good option for customers who have been denied a loan by traditional banks and those who are looking for a variety of products and services.