Leah Zlatkin featured in Global News: ‘As HELOC debt rises amid affordability challenges, these are the risks’

As HELOC debt rises amid affordability challenges, these are the risks

“As budgets are getting tighter and things are getting more expensive, people may not have that same safety net that they already had previously in their chequing accounts and their banking accounts, and they may be dipping into that home equity line of savings because they’re already kind of stretched thin,” says licensed broker and mortgage expert Leah Zlatkin and COO at Mortgage Outlet.

“Because of the inflationary pressures in day-to-day life, having a home equity line of credit — it’s not really what you should be using it for.”