Featured in
![The Province Logo](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/637e3dc6ff345b4bbaf62760_The-Province-Logo.png)
![Financial Post Logo](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/637e3dd1ff345b6994f62889_Financial-Post-Logo.png)
![Bloomberg Logo](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/637e3ddb3720a37a0ef1270e_Bloomberg-Logo.png)
![National Post Logo](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/637e3de5592ebdb33a752456_National-Post-Logo.png)
![Betakit Logo](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/637e3dee602973149e4323c9_Betakit-Logo.png)
Why homeowners choose Fraction
![house and contract](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/625ea1e66173b0798a57fa36_eliminate-mortgage-icon-texture.png)
Live payment free
There's no monthly payments with a Fraction mortgage. Even better? No prepayment penalties.
![bag of money](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/625e9e62c1d4020e37964c1e_tackle-debt-icon-texture.png)
Tackle debt
Reduce how much you spend on paying back debt by up to 50% by eliminating monthly payments.
![money in a circle with arrows](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/625ea1e6f7b35da7a103771f_diversify-income-icon-texture.png)
Diversify your income
Use your home equity to invest, purchase an investment property, or even fund a new business venture.
![keys of second home](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/625ea1e7bc073c6c75a9ae6a_second-home-icon-texture.png)
Purchase a second home
Let your home equity fund a second or vacation home, or even invest in your child’s first home.
![beach lounger](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/625ea1e6a7556e38190f0697_plan-retirement-icon-texture.png)
Retirement, on your terms
Create a steady income stream, age in place or even renovate an existing home.
...and why they stay with Fraction
![calendar](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/626002566543e2561724daf5_No-Payments-Icon.png)
![house and chart](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/626002579686f320a249055c_Interest-APR-Icon.png)
![1 2 $](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/62600256f98ab44203f819f1_Investment-Properties-Icon.png)
Our process
Our platform makes it easy to achieve your financial goals. 100% online or over the phone.
01
Apply
In just 5 minutes, get an estimate of how much equity you can unlock with a payments-free fully open {{term_length}} year mortgage. It’s completely free and won’t affect your credit score.
![computer](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/626004b2ff3c1fc8baa7e62e_Apply-Illustration%404x%201.png)
02
Approve
After a credit check and application review, we’ll send you an agreement for your review. Once reviewed and following an official home appraisal, we'll confirm your loan details.
![envelope](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/6260051ef2637a81f4d27e9c_Approved-Illustration%404x%202.png)
03
Receive funds
And just like that, you can tap into your home equity and not have to worry about making mortgage payments for up to {{term_length}} years. Spend it, save it, or invest it.
![stack of cash and coins](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/6260051ec0d2cbe606bad66a_Receive-Funds-Illustration%404x%201.png)
04
Check-in
At the end of year {{term_length_word}}, your Fraction mortgage will become due. In most cases, people will refinance into more traditional mortgage products, downsize or sell, or use other investments to pay out the difference.
![calendar and clock](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/6260051e33e4cce836a0157f_Checkin-Illustration%404x%201.png)
Want a full breakdown of our process?
We’re making a lot of people happy
Find out how much you can get with Fraction
![Calculator Icon](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/626010f13cb8af456b74f114_Fraction-Calculator-Illustration%406x%201-min.png)
What’s your estimated home value?
You can get up to $1,000,000 with a Fraction Mortgage.
- No monthly payments.
- No prepayment penalties.
- No age restrictions.
How we stack up against the rest
Learn how Fraction is different from existing home financing options.
![fraction logo](https://cdn.prod.website-files.com/625dbcce19e14f11c2b08a8c/628f69470c586b924826657a_primary%203.png)