5 year vs. 10 year terms

No matter the term length, there are no monthly payments with Fraction. What you owe Fraction in the end is based on how much your home value goes up in those 5 or 10 years. Learn more about our terms.

5 year term

Homeowners benefit from being able to access up to 45% of their home value.

However, they will need to pay an additional 1% renewal fee should they decide to renew beyond the five year period.

LTV

45%

Interest (Min)

5.05%

Interest (Max)

9.99%

APR (Min)

5.57%

APR (Max)

10.53%

10 year term

Homeowners can only access up to 35% of their home value, meaning less up-front cash.

However, by selecting a 10 year term off the bat, homeowners can avoid paying the 1% renewal fee twice.

LTV

35%

Interest (Min)

5.35%

Interest (Max)

9.99%

APR (Min)

5.61%

APR (Max)

10.26%

See for yourself

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?

You pay the same origination fee for both terms: 2.5%. If you choose a 5 year term with Fraction and then renew for another 5 years, you will be subject to a 1% renewal fee.

By selecting a 10 year term, you can avoid paying the 1% renewal fee twice.

Origination Fee

2.5%

Renewal Fee

1.0%

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.

Get an estimate

How do you determine the amount I pay back?

The rate on a Fraction Mortgage is determined by the appreciation rate of your home, with a minimum rate of 5.05% and a maximum rate of 9.99% for a 5 year term.

Our rate is calculated based on two appraisals. Initial appraisal on approval, then a final appraisal on early payout, sale, or end of term.

Trustpilot testimonials

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."

by Lawrence E.

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Access up to 45% of your hard-earned equity in tax-free cash without selling your home. Our motto is “spend a little, invest a lot, and save some for a rainy day.”

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Our rates

5 year vs. 10 year terms

5 year term

LTV

45%

Interest (Min)

5.05%

Interest (Max)

9.99%

APR (Min)

5.57%

APR (Max)

10.53%

10 year term

LTV

35%

Interest (Min)

5.35%

Interest (Max)

9.99%

APR (Min)

5.61%

APR (Max)

10.26%

Further exploration

See for yourself

What fees can I expect?

Origination Fee

2.5%

Renewal Fee

1.0%

How do you determine the amount I pay back?

Need more info?

Trustpilot testimonials

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