PERSONAL
BUSINESS
Luminus Financial Banner Logo
MENU
Become a member

Luminus Ultimate Mortgage

Unlock your home's potential

Apply Now
A BETTER WAY TO BANK

Simplified borrowing with flexibility

The Luminus Ultimate Mortgage seamlessly combines a mortgage and line of credit in one, offering unparalleled flexibility for your finances. Make payments to the principal while unlocking additional credit, gaining ultimate control over your financial journey. It's the ultimate credit tool, simplifying borrowing for diverse needs.

Benefits of the Luminus Ultimate Mortgage

Access your equity
Borrow against home equity without applying for a new loan.
Cost-efficient borrowing
Avoid costs associated with refinancing or applying for new loans.
Added convenience
Functions like a line of credit, with the available balance adjusting based on usage.

Account features

Ultimate power to allocate your credit
Access up to 80% of your home's equity with the flexibility of choosing fixed- or variable-rate terms. Use the equity line of credit for investments, education, renovations, and more.
One-time application, minimal paperwork
Bid farewell to cumbersome paperwork. Apply once to secure the credit you need, eliminating the need for repeated applications.
Build equity, allocate credit
As you pay down the products under this mortgage, you continue to build equity over time, allowing you to allocate credit for various needs.
Efficient borrowing
The Luminus Ultimate Mortgage is a collateral mortgage product that enables Luminus to lend more money to you as your property value increases without refinancing, streamlining the borrowing process.
Flexible registration
Your Luminus Ultimate Mortgage may be registered for the full value of your home or more, providing flexibility for future borrowing needs. You decide the amount based on your financial plans.
Luminus Ultimate Mortgage
Mortgage Preapproval

The first step toward your dream home

Our preapproval process eliminates the guesswork from your home-hunting journey. By assessing your financial situation, we tailor a solution that aligns with your life. You can easily apply for preapproval online, with the added benefit of a guaranteed interest rate for 120 days.
Get Preapproved

Frequently asked questions

Luminus Ultimate Mortgage is a collateral mortgage product that combines a mortgage and line of credit in one, allowing you to leverage your home's equity for various needs.

The Luminus Ultimate Mortgage allows you to access up to 80% of your home's equity. It offers a combination of fixed- or variable-rate terms with an equity line of credit that can be used for investments, education, renovations, or other purposes.

A Luminus Ultimate Mortgage provides flexibility to borrow against home equity without registering a new charge. It avoids legal costs associated with refinancing and serves as a line of credit, with the available balance adjusting based on usage when you need it.

Yes, you can apply for the Luminus Ultimate Mortgage online. Or contact our Mortgage Specialists at 416-366-5534 or 1-877-782-7639 to get started.

If your goal is rapid mortgage payoff, the Luminus Ultimate Mortgage may not be the best option, as it can add other debts. Legal and discharge fees may apply if you switch lenders, even at renewal.

Member news & articles

SEE ALL ARTICLES
July 6 limited time special offers credit cards

Tips for Fixing Your Credit Score

Your credit score is like a financial report card that lenders use to assess your reliability as a borrower. A good credit score can open doors to competitive interest rates…
Read more
TFSA or RRSP

Maximizing Your Investments: Understanding TFSA and RRSP Strategies

If you're pondering over where to allocate your hard-earned money, the choice between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP) might seem like a daunting…
Read more
RESP Savings

Investing in Your Child’s Future: Unlocking Government Support with RESPs

In an era where the cost of post-secondary education is soaring, planning how you will pay for your child's academic future has never been more critical. One powerful solution is…
Read more

We often send out our newsletter with news and great offers. We will never disclose your data to third parties and you can unsubscribe from the newsletter at any time.

Ready to get started?

Become a member
BANKING
BORROWING
INVESTING & INSURANCE
ABOUT LUMINUS

© 2023 Luminus Financial. All rights reserved. | View our Legal and Privacy Policy pages.

Skip to content