Fraction Refi

Build towards a better financial future with fairer terms and no monthly payments required.*

Unlock flexible and fairer terms with Fraction Refi

Reduce monthly costs

Fraction Refi frees you from monthly mortgage payments.* Pay as little (or as much) as you want so you can live more comfortably.

With our 5  year term, you have complete control over how you pay back your Fraction Refi.

At the end of your term, if you would like to continue with flexible payment terms, you have the option to renew for another term.
Achieve financial wellness

Fraction Refi has helped homeowners take better control of their financial situation.

On average, Fraction can reduce how much you spend on paying back bills by up to 50%.*

What's more, Fraction has helped homeowners increase their credit scores by 30 points on average.
Clear high interest debt

Use the tax-free funds from a Fraction Refi to pay off high-interest debt like credit cards and personal loans.

Everyone who applies for a Fraction Refi, regardless of credit score or income level, are eligible to receive our minimum rate of 7.4% APR.*

The best part? Fraction Refi is an open line of credit with flexible terms — so you owe nothing for up to 5 years.*

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.
Visit our Trustpilot

How Fraction Refi can help you

At Fraction, we believe in doing what’s fairest for homeowners, which means offering a flexible alternative to traditional finance products. 

A Fraction Refi is built for homeowners looking for ease and flexibility in managing their mortgage and other debts.

With up to 44% of your home’s equity at your disposal, a Fraction Refi empowers you to eliminate monthly costs (like mortgage payments), cover unexpected bills, and even give your retirement income a boost.

You are free to pay back your Fraction Refi loan at your own pace, or wait until the end of your term.*

What does it mean to refinance your mortgage?

Refinancing is the process of renegotiating your loan terms, or in some cases, replacing your existing mortgage with an entirely new one.

Homeowners refinance their mortgage to...

• Unlock cash from their home equity
• Eliminate or lower monthly payments
• Shorten their loan term

It's important to note that a traditional refinance can typically only help you achieve one, maybe two, of the above benefits at a time.

With a Fraction Refi, you can achieve all three simultaneously.

Fraction Refi vs. Traditional Refinance

Unlike a traditional cash-out refinance, Fraction is a first-lien home equity line of credit.

This key difference allows Fraction to offer a similar experience to refinancing, yet with no required monthly payments.*

Plus, the minimum interest rate for all Fraction clients is 7.4% APR*, and will only go up if your home appreciates above a certain level.*

Interested in a Fraction® Refi?

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