Fraction vs. HELOCs

Unlock your home equity with the Fraction Mortgage. It's a flexible and fairer alternative to traditional HELOCs and home equity loans.

A Fraction Mortgage is a flexible way to access your home equity.

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 required monthly payments*
You owe nothing for up to 5 years with our no required monthly payments.*

With the Fraction Mortgage, you can unlock up to 45% of your home’s equity at a fair rate.

Need to leave sooner? No problem. We don’t charge prepayment penalties.
Lock in a fair rate

Our terms are fair and favor you, the borrower.

The Fraction Mortgage rate is based on the appreciation of your home with a minimum rate of 7.4% APR* and a maximum rate capped at 13.31% APR* 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 a Fraction Mortgage can work for you

Traditional HELOCs can be rigid and come with several downsides, including ongoing costs, high interest rates and monthly payments. 

The Fraction Mortgage is the most flexible option available. We allow you to safely access up to 45% of your home’s equity at a fair rate with no required monthly payments.

Fraction offers you a lump sum amount that you can use to save for retirement, help your loved one save for a downpayment, or invest in long-term healthcare insurance. 

You've invested in your home. Now it's time for your home to invest in you.

Side by side comparison

Fraction is a first-lien open line of credit with no required monthly payments.*

The minimum interest rate for the Fraction Mortgage is 7.4% APR*, and it will only go above this rate if your home equity grows. You retain complete control of your home.

Fraction helps you turn your dreams into reality.

Interested in Fraction® Mortgage?

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


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?


Absolutely. If you want to contact the team and ask any further questions about your circumstances, you may contact us at 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?


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?


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

What are the costs associated with Fraction?


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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