Fraction helps you live your life on your terms
Fraction is a good solution for those looking pay for expenses that come with a retirement home or assisted living for yourself, or a loved one.
Get the in-home support you, or your loves ones, need to age with dignity.
Looking pay for expenses that come with a retirement home or assisted living for yourself, or a loved ones?
We can help. A Fraction Mortgage is a smart way to support yourself and your loved ones in your later years, no matter your needs.
With a Fraction Mortgage, you can unlock a portion of your home's equity at a fair rate with no monthly payments.
Need to leave sooner? No problem. We don’t charge prepayment penalties.
Our terms are fair and favour you, the borrower.
Fraction's terms are clear and simple, and we will walk you through the whole process to make sure you understand everything before you sign. Check out our latest rates here.
The best part? No monthly payments, ever.
We’re making a lot of people happy
We were very pleased with Fraction. We were looking for a reverse mortgage but told we didn't qualify. Fractions is the same idea but has better options. We were explained everything thoroughly and could easily contact them when we had questions. We were always treated with respect. Completely satisfied!!!
A fair, flexible and life changing option. Highly recommend Fraction.
Excellent service. Everything was executed perfectly great communication skills with fraction in my mortgage broker and lawyers it certainly has given me great comfort to have switched to fraction. The product that fraction offered me was the perfect solution I am so happy that I made this choice.
I find this product (being able to access equity and not having to make monthly payments) as ideal for my financial situation at the present time. The process was extremely seamless to follow, and the human interaction was cordial and efficient.
We found Fraction through our broker. What an amazing product! We are mortgage free and purchased a 2nd property but weren't prepared to start making huge mortgage payments again. This worked perfectly for us.
My family and I were able to tap into the value in our home, which was not available to us through standard lenders/banks. So far our expected interest rate is holding as the central bank tackles inflation and raises rates. This innovative product allowed us to get into a home we own and bought us time to get our financial circumstance to where we could access traditional lending. Just what we needed when we needed it
I still can’t believe this incredible deal I got which made it possible to purchase my retirement dream home. I have been telling everyone I know about Fraction and recommending you. Thank you so much Daniel and all the professional at Fraction! I look forward to doing more business with you in the future.
Fraction has been the light at the end of the tunnel for me, at least for now and i look forward to a longer relationship
“...Fraction offered us an opportunity that was best for us at this point in our 73-year-old lives, and with the house that we're living in. We're hoping for continued appreciation of our home over the next 5 years, so that this deal will turn out to be a 'win-win' for us, as well as for Fraction. They managed to come up with a brilliant mortgage product, that segues perfectly into what the current mortgage market does NOT offer.”
From start to finish, my experience was no less than stellar. They explained the process, the paperwork, what was going to happen from point to point. Saki was a great guy to deal with and was very understanding of my specific issues and how to overcome them. Highly recommend dealing with Fraction if you are looking for this type of mortgage.
I'm so grateful for fraction, it came right when I needed it. I didn't have to wait till I was 55 years old, I am currently 50. They were helpful and quick, they answered all my questions quickly and in detail. I will definitely do business with them again in the future. Fraction has given me the chance to live my dream life! Thank you Fraction.
I have been dealing with Fraction for about 6 months now and have 5 properties with them. They have helped my husband and I realize our dreams of owning 5 properties. Using the equity in our homes we are able to renovate the properties to our liking. This benefits both Fraction and ourselves by increasing the value of the homes. It's a win, I win!
How our mortgage can work for you
As you age, you face new expenses.
Senior care is expensive. Even if you have saved and budget, the cost of care in your later years can surpass any well laid plan. Whether you or your loved ones are entering their senior years, or are already in them, Fraction make things easier.
Avoid having to make tough choices, and tap into your home equity to pay for any retirement, assisted living or a nursing home costs.
Fraction offers you a tax-free lump sum amount of cash, with fair rates and a 5 year term, with the option to renew, you can use manage any senior care or retirement costs.
You've invested in your home. Now it's time for your home to invest in you.
Frequently asked questions
Go through our most asked questions below, and visit our FAQs page for more detailed questions.
.svg){kind=icon}
Following a third-party appraisal of your home and a check of all your information, you may or may not be approved for a Fraction Mortgage.
Based on your application and the appraised value of your home, Fraction will determine how much cash you qualify for. Upon a deeper review, we will provide you with documentation outlining your funding amount and corresponding terms and conditions. Once you sign the final documents, we send you your money.
Learn more here, in our Fraction Basics modules.
Yes, if you have 60% down on a home, you can work with Fraction to purchase the home with no monthly payments.
Absolutely. If you want to contact the team and ask any further questions about your circumstances, you may contact us at contact@fraction.com.
Be sure to include the province you’re inquiring about so we can better assist you.
Often homeowners seek ways to unlock equity in their homes for large expenditures or diversifying income – examples include funding home renovations, consolidating or paying off debt, launching a business, or purchasing a secondary residence.
While in need of solutions, many homeowners aren’t interested in taking on more debt.
Fraction allows them to access the built-up equity in their homes with no monthly payments and an interest rate tied to their local market's value.
The Fraction Mortgage helps homeowners to access the value locked in their homes with no monthly payments.
They can use the cash for anything, from paying off credit-card debt to starting a business to buying a second home.
When the term ends, the house sells, or the homeowner exits the loan, Fraction is paid back. Homeowners can pay back the loan at any time within the 5 year term.
Learn more here, in our Fraction Basics modules.
Fraction offers no monthly payments and no payment penalties. Unlike reverse mortgages, we have a 5-year term and do not have any age restrictions.
See how Fraction stacks up against the rest by visiting our blog for more financial product comparisons
Anyone who owns a home and has enough equity built up can work with us. We have no age restrictions.
Since there are so many factors that contribute to partnering with Fraction, each property is evaluated independently. Working with Fraction starts with getting a free estimate. With our estimate tool you can see how much tax-free cash you qualify for, with no impact to your credit score.
From there, after a hard pull credit check (which may impact your credit score) and official appraisal of your home, we’ll send you an agreement for your review. Here are some of the things we screen for before we lend:
- The single-family dwelling is located in a province or state in which we’re currently operational
- A 640 credit score
- A minimum of {{min_equity}} equity in your home
Currently, Fraction lends in British Columbia and Ontario.
We've built the Fraction Mortgage with no monthly payments and penalties, no hidden fees, and removed all of the confusing financial jargon to help you find the right financial solution to meet your needs.
We keep things simple and fair for homeowners everywhere. Fraction's terms are clear and simple, and we will walk you through the whole process to make sure you understand everything before you sign.
Plus, Fraction has raised more than USD$250 million from international investors in Canada, the US, and Europe. Our world-class investors share our vision to change how homeownership works.
