Fraction can help you pay for unexpected expenses, quickly

Life is full of surprises, including unexpected expenses that can blow even the best-laid budget plans. Access up to $1.5M in tax-free cash and quickly pay back unexpected expenses.

A Fraction Mortgage is an easy and flexible way to eradicate your high-interest debt

Make your home equity work for you
Life comes with expected or unexpected expenses—investments, college education, health bills, renovations, and more. 

Fraction can potentially help you reduce your debt to income ratio (the amount you spend monthly paying back debt) by up to 50% on average simply by eliminating monthly payments.
No monthly payments or prepayment penalties
You owe nothing for up to 5 years.

With a Fraction Mortgage, you unlock up to 45% 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.
Lock in a fair rate

Our terms are fair and favour you, the borrower.

Fraction's rate is based on the appreciation of your home with a minimum rate of 6.5% and a maximum rate capped at 10.49% for a 5 year 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."
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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."
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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."
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by Lawrence E.
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How our mortgage can work for you

Looking for funds to help you quickly cover some unanticipated expenses? Complicated situations may arise from time-to-time that require you to seek out solutions or extra funding options.

Whatever your financial needs may be, the Fraction HELOC can help. We allow you to safely access up to 45% of your home’s equity at a fair rate with optional monthly payments. We provide you with a tax-free lump sum amount, a capped interest rate and no repayment fees.

Get an estimate of how much you can unlock in minutes. Our approval process is fast, and you can receive funds in as quickly as 15 business days.

Fraction is a fairer way for homeowners to manage any unexpected expenses. You've invested in your home. Now it's time for your home to invest in you.

Interested in a Fraction® Mortgage?

See if you prequalify for a Fraction® Mortgage in minutes.
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FAQs

If there are no monthly payments, when do I pay Fraction back?

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You decide. Fraction will receive payment when you sell the home or choose to payout Fraction.

I don’t want to add all of my information into the form right now. Is there another way to contact the team?

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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 or state you’re inquiring about so we can better assist you.

Is Fraction a first lien or second lien loan?

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Fraction must be the first lien or charge on your property at the time of origination and until your term ends. This means that you cannot have other liens on the property at the time of signing with Fraction.

Which areas do you lend in?

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In Canada, Fraction lends in British Columbia and Ontario. In the US, Fraction lends in Washington State.

What are the costs associated with Fraction?

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Fraction uses third-party appraisers and inspectors and these costs are borne by you. In addition, we require you to get independent legal advice and there are conveyancing and title insurance costs. Fraction charges a fee of 2.5% of the initial loan amount in Canada and up to 2.5% in Washington State in the US.

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