Help your clients put their mortgage payments on pause.

Fraction is the only lender in Canada that offers a no-payment mortgage for up to 5 years without payments and no exit penalties at any time.

Unlike other no-payments products that may only offer a one or two year term, Fraction gives borrowers the time to stop, assess, and make the right decision for their financial situation.

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Trustpilot Stats
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Fraction was fantastic to work with. The first deal had some issues but they showed support towards their broker partners by switching up the weak link to make the next 4 smooth. They are very responsive and willing to work through things.

Justin McIntyre

As a mortgage agent, I can say from start to finish Larry and Daniel made this transaction effortless. Myself and the clients are very happy. I have just sent in another deal and again everything is running smooth.


Really smooth experience. Everything explained in simple and easy-to-follow detail. Client on-boarding very well handled.


Fraction gave me an opportunity as a broker to think outside the box. I was able to offer my client a solution that not only worked for the situation but allowed for a better quality of life.

Marika Shaw

Find your BDM

Fraction loves mortgage brokers

Brokers make up the vast majority of Fraction's loan volume. Simply refer homeowners to Fraction and we’ll work with you to qualify and fund.

  • 100 bps referral fee. We have a 24 business-hour turnaround on submitted files.
  • Sell a 100% no-payments fully open loan to clients up to {{max_ltv_3_yr}} LTV.
  • Fully open, no prepayment penalties.
  • Must have an end-of-term exit plan and provide some proof of income (we can be flexible on how the documentation is provided).
  • Client is responsible for both Independent Legal Advice and conveyancing costs.
Product sheet

These are the basic qualifying criteria for whether an application might be accepted. Looking for specifics on location? Scroll down to check the postal code.

  • Current 3 year rate: {{rate_3_yr}}. Current 4 year rate: {{rate_4_yr}}.
    Current 5 year rate: {{rate}}.
  • Max three year LTV: {{max_ltv_3_yr}}.
    Max four year LTV: {{max_ltv_4_yr}}.
    Max 5 year LTV: {{max_ltv}}.
  • 660 minimum FICO score.
  • Position: senior secured (1st position).
  • Ontario, Alberta, and BC freehold primary residences.
  • 2% lender fee + 1% broker fee.
  • Registration must be in a personal name.
  • Max loan amount: $1,500,000.

Broker resources

How Fraction looks at income

An overview of how fraction looks at income and what we require from clients.

Independent Legal Representation (ILR) lawyer list

If your client is looking for a lawyer, here is a list of third-party lawyers who have provided ILR to Fraction clients in the past.

Working with Fraction—Fraction's process

Designed for mortgage professionals, learn about the steps involved in going from application to funding with Fraction.

Product details and funding timelines

Designed for mortgage professionals, this outlines Fraction's product and gives an overview of Fraction's funding timelines.

Product overview for homeowners and family members

A one-pager overview of Fraction's product offering for homeowners and their family members.

Fraction vs. a reverse mortgage

Comparing two products that allow Canadians to unlock home equity with no monthly payments.

Appraisal and inspection guidelines

Fraction requires appraisals for all properties and requires inspections for loan amounts above $1,000,000.

Simplified funding process

Designed for borrowers, check out this easy step-by-step guide to learn the ins-and-outs of the Fraction funding process.

Underwriting guidelines

Is Fraction right for your client? Download this guide to learn the specifics about Fraction's underwriting criteria.

Customer brochure

A detailed customer-facing brochure to help you explain the Fraction Mortgage to your client.

How to submit to Fraction

How to find Fraction on Filogix Expert, Newton Velocity, and Finmo. A hint: it's under the "private lender" category.

Looking for an appraiser list?
Fraction typically orders appraisals through FNF and RPS, who will randomly assign an appraiser based on location. If you would like to work with an appraiser who works with one of those networks, you should be good to go. If there's a specific appraiser you'd like to work with, send us their information and we will review it on a case-by-case basis.

Quick postal code check

Want to see whether a property area might be approved by Fraction? Enter in the first three digits of the postal code below.

Cost calculator

Detailed pricing comparisons

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Cash out of pocket

The total estimated amount needed to pay off the indicated loan. This amount factors in: fees, principal, and interest.

Net cost

Is your annual interest rate taking into consideration the lack of required monthly payments for the Fraction Mortgage, reverse mortgages, and home equity investments. This rate assumes that you'll earn 3% annual interest on the money saved over the term of the product by not making monthly payments

Partner with us

Fill out the form below and we’ll send over a partner package.

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Want to work together but still have some questions?

Reach out to your Fraction BDM to learn more.

Contact us