A financial solution for every need
Frequently asked questions
Go through our most asked questions below, and visit our FAQs page for more detailed questions.
Following a third-party appraisal of your home and a check of all your information, you may or may not be approved for a Fraction Mortgage.
Based on your application and the appraised value of your home, Fraction will determine how much cash you qualify for. Upon a deeper review, we will provide you with documentation outlining your funding amount and corresponding terms and conditions. Once you sign the final documents, we send you your money.
Learn more here, in our Fraction Basics modules.
The Fraction Mortgage helps homeowners to access the value locked in their homes with no required monthly payments.*
They can use the cash for anything, from paying off credit-card debt to starting a business to buying a second home.
When the term ends, the house sells, or the homeowner exits the loan, Fraction is paid based on the appreciated growth of the home. Homeowners can pay back the loan at any time within the term.
Learn more here, in our Fraction Basics modules.
Fraction offers no required monthly payments* and no payment penalties. Unlike a reverse mortgage, we have fixed-length terms and no age restrictions.
See how Fraction stacks up against the rest by visiting our blog for more financial product comparisons
Anyone who owns a home and has enough equity built up can work with us. We have no age restrictions.
Since there are so many factors that contribute to partnering with Fraction, each property is evaluated independently. Working with Fraction starts with getting a free estimate. With our estimate tool you can see (in less than 5 minutes) how much tax-free cash you qualify for, with no impact to your credit score.* From there, after a hard pull credit check (which may impact your credit score) and official appraisal of your home, we’ll send you an agreement for your review. Here are some of the things we screen for before we lend:
- The single-family dwelling is located in a province or state in which we’re currently operational
- A 640 credit score
- A minimum of 60% equity in your home
We've built the Fraction Mortgage with no required monthly payments* and penalties, no hidden fees, and removed all of the confusing financial jargon to help you find the right financial solution to meet your needs.
We keep things simple and fair for homeowners everywhere. Fraction's terms are clear and simple, and we will walk you through the whole process to make sure you understand everything before you sign.
Plus, Fraction has raised more than USD$250 million from international investors in Europe, the US, and Canada. Our world-class investors share our vision to change how homeownership works.