A financial solution for every need
Frequently asked questions
Go through our most asked questions below, and visit our FAQs page for more detailed questions.
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 optional 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 required 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 based on the appreciated growth of the home. 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 required monthly payments* and no payment penalties. Our interest rate is based on your home's appreciation and we work with primary, secondary and investment properties.
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 (in less than 5 minutes) 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 59% equity in your home
We've built the Fraction Mortgage with no required 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. Other home loan products' interest rates are either fixed or are based on the bank. Fraction's interest rates are based on your home's appreciation, with a minimum and maximum cap and no required monthly payments.
Plus, Fraction has raised more than USD$250 million from international investors in Europe, the US, and Canada. Our world-class investors share our vision to change how homeownership works.