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CONCERNED ABOUT HIGHER PAYMENTS AT RENEWAL?

Get a second opinion.
Before you renew or refinance, talk to Luminus.

Your mortgage is your biggest financial commitment. Whether you're approaching renewal, considering a switch, or exploring refinancing - get a second opinion from a team that puts members first.
GET STARTED
  • FSRA insured deposits
  • Member-owned, not-for-profit
  • No stress test for switches
5-Year Fixed
4.19%*
Closed mortgage rate
3-Year Fixed
4.59%
Closed mortgage rate
Rate hold
120
days
Rate guarantee
CHOOSE YOUR PATH

What are you looking to do?

Whether you're switching your mortgage to Luminus or exploring a refinance, our mortgage specialists can guide you through your options.

I want to switch my mortgage

Your mortgage is up for renewal or you're ready to move it to a credit union. Switching is easier than you think, and the stress test no longer applies for transfers.
View mortgages →

I want to refinance

Your financial needs have changed. Refinancing could help you consolidate debt, lower your monthly payments, fund renovations, or improve your cash flow.
View rates →
THE CREDIT UNION DIFFERENCE

Why members choose Luminus

As a member-owned credit union, we're focused on your financial well-being, not shareholder returns.
Member-owned
Credit unions operate as member-owned cooperatives, prioritizing member needs.
Not-for-profit
Operating as not-for-profit entities, credit unions offer better rates and lower fees.
Better rates, lower fees
Credit unions offer favorable rates and lower fees due to their not-for-profit status.
Local decision-making
Credit unions make decisions locally, ensuring quick approvals and flexibility for members.
HOW WE CAN HELP

More than just a mortgage

Whatever your situation, our team can walk you through the options and help you make the right decision.
Renewal review
Compare your renewal offer against what Luminus can provide
Switching lenders
Transfer your mortgage to Luminus, we handle the heavy lifting
Refinancing
Restructure your mortgage for better terms or to access equity
Debt consolidation
Roll high-interest debt into your mortgage for lower payments
Home equity access
Tap into your home's value for renovations or major expenses
Payment flexibility
Choose weekly, bi-weekly, or monthly payments that fit your life

Switching your mortgage doesn't have to feel overwhelming.

Our team can walk you through your options and help you understand the next steps. No pressure, no obligation — just honest advice from a team that works for you.
LET'S TALK

Start the conversation

Fill out the form and a Luminus mortgage specialist will reach out to discuss your options. Most members hear back within one business day.
  • Free, no-obligation mortgage review
  • Dedicated specialist assigned to you
  • Response within 1 business day
  • 120-day rate hold available
More of a phone person? Call us at 1-877-782-7639. We will be happy to assist you.
Speak with a specialist
We'll get back to you within one business day.
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A Luminus Financial mortgage specialist will review your information and reach out. Final rates, approvals, and terms are subject to qualification. Your information is kept confidential.

Frequently asked questions

Getting a "second opinion" on your mortgage means a free, no-obligation conversation with a Luminus mortgage specialist who reviews your current mortgage or renewal offer and tells you honestly whether we can do better. No application is needed to start.

No. It's free, and there's no obligation. If your current mortgage is already your best option, we'll tell you that.

Call 1-877-782-7639 or submit the form on this website. A specialist will review your details and follow up — most people hear back within one business day, and we aim to answer calls right away.

No — members and non-members can both get a second opinion. To move a mortgage to Luminus, you'd open a membership with the credit union, which is simple; a specialist can walk you through it.

Depending on your lender, there can be transfer, discharge, or legal/appraisal costs, and possibly a prepayment charge if you break your term early. They're often offset by the savings, and a specialist will lay out the full numbers before you decide.

You can, though breaking a term early may trigger a prepayment charge. Many people time a switch for renewal to avoid any fees. The 120-day rate hold lets you secure a rate while you plan.

Current closed rates are 5-year fixed 4.19% and 3-year fixed 4.59%, with a 120-day rate hold. Rates are subject to change and qualification.

Yes — it's a specialty of ours, along with co-op and co-ownership financing. Tell us your situation and we'll match you with the right specialist.

Luminus is member-owned and not-for-profit — we answer to members, not shareholders, which generally means more competitive rates, lower fees, and local decisions. We've served Ontario since 1951.

Rates shown are current as of June 2, 2026, and are subject to change. All rates, approvals, and terms are subject to qualification. Further terms and conditions may apply. Please speak to a representative for full details.

Ready to get started?

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Dear Members: In connection with the audit of the financial statements of Luminus Financial Services & Credit Union as at December 31, 2025 and for the year then ended, please review your statement. If it does not agree with your records, please report any differences directly to our auditors, MNP LLP: Bryn Hafer, bryn.hafer@mnp.ca, (416) 617-3074.

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