Monday, 02 February 2026
By Mortgage Outlet
https://www.mpamag.com/ca/mortgage-industry/industry-trends/refinancing-at-renewal-time-presents-unexpected-challenges-for-scores-of-canadian-borrowers/563962
Licensed mortgage broker Leah Zlatkin said more clients arrive at renewal expecting to tap home equity, only to find that shifting home values, tighter borrowing limits and higher consumer debt erode their options. That surprise often surface late in the process, when there is little time left to pivot.“This is something I’m seeing come up more often in conversations with homeowners as they approach renewal,” said Zlatkin. “Many expect to refinance to deal with debt at that point, only to discover that changes in equity, income, or borrowing limits have already narrowed what’s possible.”
