Put your mortgage payments on pause.

Unlock your equity. No mortgage payments for up to {{term_length_word}} years with no prepayment penalties for properties in British Columbia, Ontario, and Alberta.

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One of the best moves of my life

Fraction have been a pleasure to deal with! Everything explained and ended up exactly as such! Very pleased to deal with them and its been one of the best moves of my life, considering my situation. Excellent service and I'm very pleased.

Ian W.

Found Fraction to be honest, upfront, and fast.

Found Fraction to be honest, upfront, fast, and available to answer questions. We would highly recommend them.

Gaye Z.

Good people to explain and help

Relatively simple process, with good people to explain and help along the way. The closing and handling by lawyers, and funding dates, could use some fine-tuning, but all in all, a clear and simple process. Thanks Fraction.

Mike J.

Professional, very efficient group

Professional, very efficient group of individuals assisted us in every way throughout the process. And we just paid it back so all wonderful on our part. But to be honest it was necessary and we pondered it for awhile although a good decision though and we still had funds available and spent it very wisely.

Lynda F.

Very professional and easy to deal with

Very professional and easy to deal with. Walked you through the whole process with ease. Any questions asked answered with patience

Maryanne L.

Always able to talk to a "real" person

We are very pleased with Fraction. They were easy to deal with and very knowledgeable in answering our questions. We were always able to talk to a "real" person, not an answering machine. There has been no hassle from the company since we started. They let us know they are available if we need them.

Wendy

Taking out a Fraction mortgage changed our lives

Taking out a Fraction mortgage changed our lives. It has helped us immensely. The staff and the process was amazing. Really appreciated everything about it.

Lazaros N

Why homeowners choose Fraction

house and contract

Live payment free

There's no monthly payments with a Fraction mortgage. Even better? No prepayment penalties.

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Tackle debt

Reduce how much you spend on paying back debt by up to 50% by eliminating monthly payments.

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Diversify your income

Use your home equity to invest, purchase an investment property, or even fund a new business venture.

keys of second home

Purchase a second home

Let your home equity fund a second or vacation home, or even invest in your child’s first home.

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Retirement, on your terms

Create a steady income stream, age in place or even renovate an existing home.

Ready to live payment free?
Get started

...and why they stay with Fraction

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No monthly payments, flexible terms, and no prepayment penalties.
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Interest rate is fixed and won't change over your {{term_length}} year term.
1 2 $
Fraction works with your primary residence.
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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.

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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.

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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.

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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.

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Want a full breakdown of our process?

Visit the cost page
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We’re making a lot of people happy

Trustpilot Stats
Taking out a Fraction mortgage changed our lives

Taking out a Fraction mortgage changed our lives. It has helped us immensely. The staff and the process was amazing. Really appreciated everything about it.

Trustpilot Stats
One of the best moves of my life

Fraction have been a pleasure to deal with! Everything explained and ended up exactly as such! Very pleased to deal with them and its been one of the best moves of my life, considering my situation. Excellent service and I'm very pleased.

Ian W.
Trustpilot Stats
Always able to talk to a "real" person

We are very pleased with Fraction. They were easy to deal with and very knowledgeable in answering our questions. We were always able to talk to a "real" person, not an answering machine. There has been no hassle from the company since we started. They let us know they are available if we need them.

Wendy
Trustpilot Stats
Very professional and easy to deal with

Very professional and easy to deal with. Walked you through the whole process with ease. Any questions asked answered with patience

Maryanne L.
Trustpilot Stats
Professional, very efficient group

Professional, very efficient group of individuals assisted us in every way throughout the process. And we just paid it back so all wonderful on our part. But to be honest it was necessary and we pondered it for awhile although a good decision though and we still had funds available and spent it very wisely.

Lynda F.
Trustpilot Stats
Good people to explain and help

Relatively simple process, with good people to explain and help along the way. The closing and handling by lawyers, and funding dates, could use some fine-tuning, but all in all, a clear and simple process. Thanks Fraction.

Mike J.
Trustpilot Stats
They helped me get through the process

They helped me get through the process very easily and explained every step of the way

Peter M.
Trustpilot Stats
The team at Fraction were very helpful

The team at Fraction were very helpful, answered all my questions and explained fully the differences between a fractional mortgage and a reverse mortgage. For my situation it was a very easy decision and would highly recommend any senior who is house rich but cash poor to look into what they have to offer. A great way to access your homes equity without moving!

Bruce H.
Trustpilot Stats
Found Fraction to be honest, upfront, and fast.

Found Fraction to be honest, upfront, fast, and available to answer questions. We would highly recommend them.

Gaye Z.
Trustpilot Stats
They helped us stay in our home.

They helped us stay in our home. Explained everything in detail.

Jim M.
Trustpilot Stats
Friendly staff to deal with

Friendly staff to deal with, lots of work to get started and quickly received the money. Once you receive your money it's quite simple. It's been great dealing with the team at Fraction.

Brigitte D.
Trustpilot Stats
Fraction has made life infinitely less stressful.

Obtaining our mortgage was straightforward, seamless, and bought us much-needed time. We highly recommend Fraction.

Shannon L.
Trustpilot Stats
We were very thankful

We were very thankful that our mortgage broker introduced us to Fraction as otherwise we would not have been able to re-enter home ownership. Although this is a temporary solution as it will cost quite a bit more in the end, it was the only way for us to get a mortgage and we are happy that it was an option at the time.

Corey H.
Trustpilot Stats
Excellent service.

Excellent service. Everything was executed perfectly great communication skills with fraction in my mortgage broker and lawyers it certainly has given me great comfort to have switched to fraction. The product that fraction offered me was the perfect solution I am so happy that I made this choice.

Christian
Trustpilot Stats
An Ideal Product and Process

I find this product (being able to access equity and not having to make monthly payments) as ideal for my financial situation at the present time. The process was extremely seamless to follow, and the human interaction was cordial and efficient.

Dieter
Trustpilot Stats
We found Fraction through our broker

We found Fraction through our broker. What an amazing product! We are mortgage free and purchased a 2nd property but weren't prepared to start making huge mortgage payments again. This worked perfectly for us.

A. Johns
Trustpilot Stats
Just what we needed when we needed it

My family and I were able to tap into the value in our home, which was not available to us through standard lenders/banks. So far our expected interest rate is holding as the central bank tackles inflation and raises rates. This innovative product allowed us to get into a home we own and bought us time to get our financial circumstance to where we could access traditional lending. Just what we needed when we needed it

Charles C.
Trustpilot Stats
What an unbelievable deal!

I still can’t believe this incredible deal I got which made it possible to purchase my retirement dream home. I have been telling everyone I know about Fraction and recommending you. Thank you so much Daniel and all the professional at Fraction! I look forward to doing more business with you in the future.

Daryl R.
Trustpilot Stats
Fraction has been the light at the end…

Fraction has been the light at the end of the tunnel for me, at least for now and i look forward to a longer relationship

Elvin M.
Trustpilot Stats
Fraction was the ideal mortgage product for us…

“...Fraction offered us an opportunity that was best for us at this point in our 73-year-old lives, and with the house that we're living in. We're hoping for continued appreciation of our home over the next 5 years, so that this deal will turn out to be a 'win-win' for us, as well as for Fraction. They managed to come up with a brilliant mortgage product, that segues perfectly into what the current mortgage market does NOT offer.”

James K.
Trustpilot Stats
Great process and very friendly people.

From start to finish, my experience was no less than stellar. They explained the process, the paperwork, what was going to happen from point to point. Saki was a great guy to deal with and was very understanding of my specific issues and how to overcome them. Highly recommend dealing with Fraction if you are looking for this type of mortgage.

Jeff P.
Trustpilot Stats
I'm so grateful for Fraction.

I'm so grateful for fraction, it came right when I needed it. I didn't have to wait till I was 55 years old, I am currently 50. They were helpful and quick, they answered all my questions quickly and in detail. I will definitely do business with them again in the future. Fraction has given me the chance to live my dream life! Thank you Fraction.

Carlo S.
Trustpilot Stats
Win! Win! I have been dealing with Fraction for…

I have been dealing with Fraction for about 6 months now and have 5 properties with them. They have helped my husband and I realize our dreams of owning 5 properties. Using the equity in our homes we are able to renovate the properties to our liking. This benefits both Fraction and ourselves by increasing the value of the homes. It's a win, I win!

Patricia L.

Find out how much you can get with Fraction

Get an estimate
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What’s your estimated home value?

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You can get up to $1,000,000 with a Fraction Mortgage.

Apply now
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Start again
  • 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.

Compare Fraction to
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Home equity line of credit
No monthly payments
No monthly payments
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Stay in your home
Stay in your home
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Qualify at any age
Qualify at any age
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No prepayment penalties
No early buyout penalties
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Interested in a pricing comparison between all these options?
Visit the cost page

Interested in learning more?

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Our Blog

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Fraction Basics

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The FAQ's

Ready to tap into your home equity?

Applying for a no monthly payments Fraction Mortgage is free and fast. We’re talking 5 minutes, with no impact on your credit score.