Imagine your home is worth $1,000,000 at signing and you receive $300,000 in cash with a Fraction Mortgage.
What fees can I expect?
Our origination fee is: 2.5%. If you choose to renew at the end of your term, our 5 year term comes with a 1% renewal fee.
On top of the origination fee, there are a few others that come with your Fraction Mortgage. These include: closing costs, inspection & appraisal fees, property insurance and other taxes & government fees.
Don't just take our word for it. See what others are saying about us on Trustpilot.
"I was thrilled to choose fraction for my mortgage it really solved a lot of life for me. The process was smooth and even though I had a mortgage broker, the folks at fraction were always there to talk to me and make sure I understood where we were at all parts through the transaction."
by Jeff S.
"Fraction was the lender my mortgage specialist was most impressed with. They work remotely and are definitely easier to deal with than a bank. They simply don't have the restrictions that banks have. I highly recommend them to anyone looking to get equity out of their home."
by Christine M.
"Fraction provided exactly the product I needed for my plans and lifestyle. My broker explained all the details really well and was always a call away for advice and to update information. The process was simple, and communication excellent."