Katrina McHugh

Pros and Cons Of A Reverse Mortgage

Tuesday Jun 28th, 2016


  What is a Reverse Mortgage Reverse mortgages are a financial tool that has been pushed aggressively over the past decade or so, leading to difficulties for many people – especially seniors – who utilized the tool without understanding the risks. Like any loan, a reverse mortgage can be extremely useful, allowing homeowners to take advantage of the equity in their home to cover other expenses. However, there are risks to choosing a reverse mortgage that you should... [read more]

How To Convert The Equity In Your Home To Pay For Senior Care

Tuesday Jul 12th, 2016


  How to Convert the Equity in Your Home to Pay for Senior Care  Senior care is expensive. You can work to be financially responsible your whole life and still find the cost of care in your later years to be overwhelming. Many families face tough choices when it comes to trying to figure out how to pay for assisted living or a nursing home. One of the most valuable assets many seniors have that can help soften the blow of assisted living expenses for their family... [read more]

Are You Sitting On A Goldmine? If You Live In A House In Downtown Toronto The Answer Is Probably YES!!

Saturday Oct 1st, 2016


Seniors Unlock Equity to Finance Retirement   The family home is the most valuable asset for most families. With home prices skyrocketing in cities across Canada, it can be tempting to tap into the equity in your home. While some people have gold-plated government pension plans, a lot of people don’t. If your major source of income in retirement are government benefits likeCPP, GIS or OAS, and it’s not enough, tapping into the equity in your home is worth... [read more]

4 Ways to Tap into Your Home For ​an Extra Source of Retirement Income

Friday Oct 14th, 2016


  4 Ways to Tap into Your Home For ​an Extra Source of Retirement Income​ Aug 24, 2016 | Financial Planning, Loans & Mortgages, Retirement Planning |  Research has shown that more than half of Canadians aged 50 and older have collided with unexpected events that have impacted their finances and/or retirement plans. Whether you’re planning on selling your home or staying, here are four ways to tap into your home for added security during... [read more]