Leah Zlatkin quoted in the Toronto Sun: ‘Canadians aged 55+ need to be prepared as mortgage options narrow’

“Many homeowners approaching retirement assume they’ll be able to refinance the way they always have, but that’s becoming much harder,” says Leah Zlatkin, mortgage expert. “Even with substantial home equity, income changes can significantly limit access to traditional refinancing and leave borrowers with fewer options.”

“We’re seeing many Canadians reach this stage of life without having planned for how they’d manage financially once income changes,” says Zlatkin. “When savings are limited and traditional refinancing isn’t an option, families are often forced to make decisions quickly. That’s where reverse mortgages are increasingly coming into the conversation, especially when care needs or other life changes arise.”