Fraction vs. reverse mortgages

Despite being a readily accessible option, reverse mortgages come with several downsides, including age-related restrictions, ongoing costs, an ever-increasing loan balance and a reduction in your home equity.

Side by side comparison

A traditional reverse mortgage tends to decrease your home equity as the interest grows regardless of your home value. Fraction’s model endeavours to protect your home equity in any market condition. The minimum interest rate for the Fraction HELOC is 3.49% (3.91% APR)*, and it will only go above this rate if your home equity grows.

Fraction helps you turn your dreams into reality.

A Fraction HELOC is a secure and flexible way to access your home equity.

Put your home equity to work
Unlock up to 50% of your home equity to pay for home renovations, cover retirement expenses or invest in other avenues.
Make flexible payments
Without the pressure of monthly payments, you can cover other expenses and live with greater financial flexibility.
Lock in a fair rate
With Fraction, your interest rate is tied to the changing value of your home.
Stay in the home you love
We keep your rates fair and transparent so you can stay in your home longer.

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 Streifel
"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 Morley
"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 Evenchick
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Which areas you do you lend in?


Currently, Fraction lends in British Columbia and Ontario. In Ontario, if you don't have an existing mortgage broker, Fraction will refer your inquiry to a registered third-party mortgage brokerage during the process.

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.

I have multiple homes. Can I use Fraction for all of them?


Yes you can - Fraction can lend up to $2M to a single person, with a maximum of $1.5M per property.

Is this like a timeshare?


No, not in the slightest. The word 'fraction' may remind you of timeshares, but we can assure you that Fraction is simply a way to access your home equity on fairer terms. You are not sharing your home or equity with anyone else, it’s all yours, all the time.

How will I receive my money?


Once all documents are signed and the charge is put on title, Fraction puts the money right into your bank account.

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