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Fraction Review

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Reviews 82

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Patrick Sather
Patrick Sather
Jun. 19, 20224 min read

Fraction summary

Fraction is a home equity product that offers loans of up to 45% of your home’s appraisal value. It features 5-year terms with rates that vary depending on the appreciation in the value of your home. With a Fraction loan, you don’t need to make a monthly payment*, and there is no penalty for paying off your loan early. The application can be completed online, and approval usually takes just a few days or weeks.

Pros

  • No monthly payments
  • No early buyout penalty
  • Interest rate tied to changing value of your home

Cons

  • High minimum credit score and down payment required
  • Limited repayment terms
  • Only available in Ontario, British Columbia, and Washington
Fractionat a glance
4.8

Editorial score

Customer Service and Support

Excellent customer support

5.0

Variety of Loan Types

exclusively HELOC product

5.0

Variety of Products

5 and 10 years loan terms

5.0

Online Experience

User friendly site, rates clear and easily accessible

5.0

Geographical Availability

Currently available in Washington

4.0

Visit Fraction

Overview

Founded in 2021, Canadian-based fintech startup Fraction is a direct lender that takes a novel approach to the mortgage and home equity loan business. Rather than charging monthly payments with interest for a conventional loan, Fraction enables you to borrow up to 45% of your current or new home’s appraisal value. The full value of the loan plus interest is not due until the end of the term. The interest rate you pay is dependent on your initial appraisal and the value of your home at the end of the term or when you pay off the loan in full.

In addition to the cost of the loan and any accrued interest due at the end of the term, Fraction charges a 2.5% origination fee. You can also pay a 1% renewal fee at the end of the term to begin a new 5-year term.

Suitable For?

While Fraction is most suitable for homeowners of retirement age who own a home in areas with high appreciation rates and lack suitable funds for their retirement, it is available to all homeowners above the age of 18 who own at least 55% of their home’s value. By granting you access to your home’s equity without making monthly payments, Fraction gives you access to capital to invest, renovate your home, or pay off your higher-interest debt without increasing your monthly expenditures. That said, it’s currently only available to borrowers in British Columbia, Ontario, and Washington.

Generally speaking, Fraction is more suitable for people accessing their current home’s equity because it requires borrowers to own at least 55% of their home’s value when applying for a loan to purchase a new home.

Types of Loans/Products

Fraction is a direct lender that offers 5-year loans with interest rates based upon the appreciation in your home’s value. Its loans can be used to access the equity in your existing home or to buy a new home.

Rates: starting at  7.08% for 5-year term

Minimum credit score: 640

Repayment terms: 5-year

Minimum home equity ownership of 55%

The Application Process

At Fraction, the application process includes 4 simple steps:

  1. Apply online or over the phone
  2. Get approved and sign your agreement
  3. Receive your funds
  4. Renew or pay back your loan at the end of the term

During the initial application, a mortgage advisor will estimate how much of your home’s value you can unlock. Afterward, you’ll need to complete a credit check and get an official appraisal of your home before you get the final terms of your loan.

The documentation you may need to submit includes a photo ID, bank statements, and financial reports if you currently have a mortgage or plan to apply for a new mortgage.

Whereas an application through most lenders takes between 2-4 weeks to complete, Fraction can complete the process in just a few days depending on how quickly you’re able to schedule your initial home appraisal.

Repayment Terms

Fraction offers 5-year repayment terms. Your rate will differ based on the repayment term. The lump sum that you receive from Faction can be accessed throughout your pre-determined draw period. Once you enter your repayment period, you can no longer withdraw funds, but you will only pay interest on the funds actually withdrawn. Your initial rate is set at the start of the term and finalized when you pay off your loan or at the end of the term. Alternatively, you can choose to pay a 1% renewal fee to extend your repayment horizon beyond the initial 5-year term.

Help & Support

Customer support is available via phone, email, or chat. Chat and phone support are available from 9am-5pm PT, Monday-Friday. You can also schedule a phone call with a mortgage advisor by reaching out to a customer support agent. If you need assistance outside of business hours, you can check out Fraction’s FAQs page.

How Fraction Compares

Here’s how Fraction compares to some of its competitors.


Fraction
Lower.com
LendingTree
Minimum Credit Score
640
620580
Minimum Down Payment
50%
3%
3.5%
DTI Ratio
<=43%
<=43%
<=43%
30-year Fixed-rate APR
N/A (starting at 7.08% for a 5-year term)
4.095%
From 2.85% (varies by lender)
Best For
Homeowners over the age of 18 in high appreciation areas who need additional funds
Buyers with strong credit
Interest rate offers

Summary

Fraction is a home equity product that offers direct loans up to 45% of your current or new home’s appraisal value. It offers 5-year loans with interest rates tied to the appreciation in the value of your home. Applicants must undergo a credit check and get a full appraisal of their home prior to approval. You can complete your application online and receive funding within a matter of days.

FAQs

Which areas does Fraction lend in?

Currently, Fraction lends in British Columbia and Ontario in Canada and Washington State in the United States.

What are the costs associated with Fraction?

Fraction uses 3rd-party appraisers to assess your home’s value, and that cost is payable by the applicant. It also charges a 2.5% origination fee and a 1% renewal fee if you decide to renew at the end of your initial term.

Can I use Fraction to finance loans on multiple homes?

Yes. Fraction can lend up to $2,000,000 to a single person with a maximum of $1,500,000 per property.

Is Fraction a 1st lien or 2nd lien loan?

Fraction must be the 1st lien or charge on your property at the time of origination for your loan and until your term ends.

Physical Address

Vancouver:

1050 Homer St, Vancouver, BC V6B 2W9

Toronto:

240 Richmond St W, Toronto, ON M5V 1V6

Berkeley, CA:

2120 University Ave, Berkeley, CA 94704

Visit Fraction

Methodology

This review was created based upon 3rd-party reviews and information available on the company’s website.

Fraction Lending US, Inc.

NMLS #: 2084341

Equal Opportunity Lender

*Fraction HELOC annual percentage rates range from 7.08% to 12.93% for a 5-year term. You will be charged an origination fee of up to 2.5% of the total loan amount. You will also be responsible for paying recording fees, which vary by county, as well as inspection and appraisal fees, which vary by property.

Patrick Sather
Written byPatrick Sather

Patrick Sather is an award-winning personal finance writer and licensed broker who has worked for some of the largest financial firms in the United States, including TD Ameritrade and Pacific Life. A graduate of the University of Nebraska in both Economics and International Trade and English, his articles on life's most common financial decisions and quandaries are straightforward, practical, and always easy to understand.

Fraction
Fraction
ExcellentReviews 82

Trustpilot reviews

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  • author
    Christine Bertrand-Clarke
    13 hours ago
    My Fraction Mortgage experience

    My husband and I had limited knowledge of reverse mortgages but we gained enough information from the people we worked with during this process to find a great solution our situation Our Fraction Mortgage was God send as it has considerably improved our financial position by using the equity in our home. It has reduced our stress levels and helped us moved towards our long term retirement goals The agents walked us through each part of the process and we are very happy with the service we received from Fraction.

    ...

  • author
    Cheryl
    Sep 19, 2022
    Our smooth experience was very good

    Our experience was very good, all of the staff was kind to us …

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  • author
    Amie
    Sep 06, 2022
    The underwriting and the BDM with…

    The underwriting and the BDM with Fraction was seamless. Easy to work with and great communication. When it came to closing is where we ran into multiple delays. The closing was extremely difficult and resulted in multiple delays.

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  • author
    Heather
    Sep 06, 2022
    It was a great experience

    It was a great experience. I feel they covered everything they need.

    ...

  • author
    Lydia
    Aug 20, 2022
    Thankful

    The team at Fraction helped with each step. Thankful for the assistance to get the mortgage we needed.

    ...

  • author
    Pierre Castricum
    Jul 31, 2022
    We experienced multiple requests for…

    We experienced multiple requests for information that we had already submitted together with updating your company’s address in our house insurance (after we had provided insurance with the correct info), After many delays, our application was finally approved.

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  • author
    Cheryl
    Jul 29, 2022
    Reliable and efficient.

    I found my lending agent (Vince) loan officer (Maria) and the notary all very helpful, understanding and efficient. Thank you all for such a good experience. Cheryl Riveness

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  • author
    Dave
    Jul 28, 2022
    My wife and I have been retired for 8…

    My wife and I have been retired for 8 years, and the financial adviser we had did a terrible job of investing our money, we either had to sell our home that we lived in for 36 years or find another solution. I was pointed towards a reverse mortgage, but the amount we could get wasn't enough and the interest rate was quite high. That's when I started looking at Fraction Mortgage. Their interest rate starts out half of a reverse mortgage rate (then based on appreciation of your home) and funding can be up to half of the appraisal of your home. Everyone at Fraction always kept us up to date on what was going on. A special thanks to Daniel and Glenda for all their help and patience. My wife and I are on the road to financial security again (with a different financial adviser!) Thanks again Dave & Debbie

    ...

  • author
    Sandra Gill
    Jul 27, 2022
    It was a fairly easy process

    It was a fairly easy process. Once you know what documentation is required, and provide it, the rest goes smoothy. They may be a little more document heavy then most, but all lenders have the right to ask for documentation that satisfies their shareholders. We closed within an respectable period of time

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  • author
    Eugene
    Jul 25, 2022
    The only problem we had was with the…

    The only problem we had was with the personal identification portion of the application. Trying to ensure our faces were correctly in the circle was a challenge,however,after multiple tries we were successful. Thank you

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  • author
    Terry
    Jul 24, 2022
    BETTER THAN CHIP

    Excellent and FAST service from my broker. If you have all your documents in order, it takes only a matter of days to complete the new mortgage. CHIP doesn't come close to FRACTION with the interest rates and gives you more extra money if you need it for retirement on your home equity.

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  • author
    John
    Jul 23, 2022
    Much confusion in process with…

    Much confusion in process with unnecessary legal requirements Secured amount much greater than amount used. That money should be available at minimal legal cost ..........like a mortgage renewal , a 300 fee ONLY

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  • author
    Adrian
    Jul 22, 2022
    Some improvement needed

    The first time I used Fraction was pretty good. The second seemed confused, and the cost of conveyance was way too expensive and not well outlined up front. Unhappy client = unhappy mortgage agent. That process needs to be streamlined and the cost drastically reduced. I suggest allowing the borrower to use the same lawyer whenever possible.

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  • author
    Dee
    Jul 22, 2022
    Quick response time

    Quick response time. Easy from beginning to end. Thanks

    ...

  • author
    Cheryl
    Jul 22, 2022
    Smooth Application

    Application ran very smoothly from start to finish, the quiz and ID verification were easy but with older clients I needed to assist them through the electronic part as they are not computer literate.

    ...

  • author
    Christine
    Jul 22, 2022
    As a mortgage agent

    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. Thanks guys.

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  • author
    Brent
    Jul 21, 2022
    My mortgage advisor and mortgage specialist were great

    My mortgage advisor and mortgage specialist at Fraction were amazing to deal with. Their correspondence and phone calls were prompt, courteous and factual. The only negative, in whole experience of arranging my mortgage, was that the independent house appraisal Severely undervalued my house by 20%. I submitted the details of a similar house that had sold 3 doors away, but it had not closed by the appraisal date. The appraisal company was not willing to modify their appraisal, even after it had closed. This greatly concerned me as the payback interest calculation is based on the appreciation of my house. I voiced my concerns and was assured that all verbal and written correspondence was recorded or documented in my file and at the time of mortgage payout, my file would be reviewed and interest rates adjusted.

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  • author
    Elvin
    Jul 21, 2022
    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

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  • author
    Daryl Rowe
    Jul 21, 2022
    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.

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  • author
    Mario
    Jul 21, 2022
    no offer of vetted client mortgage…

    no offer of vetted client mortgage lawyers

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  • author
    Ian
    Jul 21, 2022
    Treated me well

    Took a bit but Fraction looked after me fairly and very well. No Complaints!

    ...

  • author
    Joseph
    Jul 21, 2022
    Del Tin Teview

    Approval process was painless and completed in a reasonable timeframe.

    ...

  • author
    Ajohns
    Jul 21, 2022
    We found Fraction through our broker

    We found Fraction through our broker. What an amzing 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.

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  • author
    Phil
    Jul 20, 2022
    Great Product for my client

    My Client had a specific need and the Fraction product was a perfect fit for her! Fraction has fast efficient approval process and a smooth funding department as well!

    ...

  • author
    Armand Bussiere, Lendbrix Mort
    Jul 20, 2022
    I Love working with Fraction

    I Love working with Fraction! Daniel and his team are always responsive, attentive and accomodating.

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  • author
    Dieter
    Jul 20, 2022
    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.

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  • author
    Christian
    Jul 20, 2022
    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.

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  • author
    Stanley
    Jul 20, 2022
    Excellent Option

    A fair, flexible and life changing option. Highly recommend Fraction

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  • author
    Stephen
    Jul 20, 2022
    They have been very helpful

    They have been very helpful. The only thing we would like to be able to access is the dollar amount owing when we sell our home and have to repay.

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  • author
    jeff rogers
    Jul 19, 2022
    Easy

    Easy, well explained. Trustworthy. Good deal

    ...

  • author
    Vincent
    Jul 19, 2022
    Everything went according to plan and…

    Everything went according to plan and was done on time.

    ...

  • author
    Marika Shaw
    Jul 19, 2022
    Fraction gave me an opportunity as a…

    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. Larry and Daniel worked with me and my document specialist every step of the way to insure the process was smooth and our documents were compliant.

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  • author
    Steve
    Jul 19, 2022
    Everything was done professionally and…

    Everything was done professionally and promptly on time thank you

    ...

  • author
    Ingrid
    Jul 19, 2022
    Fraction really helped my clients as…

    Fraction really helped my clients as they did not qualify to access money to help them

    ...

  • author
    Rick Brushett
    Jul 19, 2022
    Recent experience was handled very well.

    Fraction or Reverse morthgsges can pose unique challenges. Like any "alernative" approach, it is important to spend much time and have answers returned quickly. Both Daniel and Larry did just that. The in house Lawyer program was very helpful. Whether it be good rates, clients that are not over 55 or whatever, the experience I had with the most recent clients, the Benders was a positive one. I will use Fraction again if the appropriate situation comes my way. Rick Brushett

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  • author
    customer
    Jul 19, 2022
    My experience in march of 2022 when i…

    My experience in march of 2022 when i was accepted was excellent with representative and lawyers that we used. I think i have filled one out after all paper work was done for my fraction reverse mortgage. Thanks and keep up the good work.

    ...

  • author
    Andrew
    Jul 14, 2022
    Amazing Experience working with…

    Amazing Experience working with Fraction. It has helped a lot of my clients improve their financial situation.

    ...

  • author
    Douglas
    Jul 14, 2022
    Andrea Bedard the agent was excellant …

    Andrea Bedard the agent was excellant guiding me through the process Good to see there's alternate choices and competition in the marketplace

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  • author
    Lazaros
    Jul 14, 2022
    Life changing

    Life changing. Amazing for someone who is self-employed with equity available.

    ...

  • author
    Robert
    Jul 13, 2022
    Fraction lawyers a dissapointment every time

    The only issue was funding time and I believe that the big issue relating to that is the lawyers that Fraction uses- terrible service and lack of knowledge.

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  • author
    Richard
    Jul 10, 2022
    Enjoyable Stress-free experience

    Overall my experience using Fraction was positive. I was always treated with respect, and the guidelines and requirements were set out in a logical and chronological way. The one area where I deducted marks was on the difficulty of contacting my representatives in an immediate fashion. Occasionally I was told to book a time on the meeting planner, when I needed an immediate response. I have been able to pay down ALL my existing debts = Peace of Mind. Another bonus was that my current financial institution increased my line of credit substantially - but I’ll not use it except in a dire emergency. Free from compounding interest rates and monthly mortgage payments, I feel a real weight has been lifted from my shoulders. Thank you Fraction!

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  • author
    Phil Wheaton
    Jul 09, 2022
    Unique & Creative

    I am grateful for Fraction and their unique, creative approach to mortgage lending. The process of approval was relatively straightforward and easily understandable.

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  • author
    James and Wendy
    Jun 29, 2022
    We were very pleased with Fractions

    We were very pleased with Fractions. We were looking for a reverse mortgage but told we didn't qualify. Fractions is the same idea but has better options. We were explained everything thoroughly and could easily contact them when we had questions. We were always treated with respect. Completely satisfied!!!

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  • author
    Gerry Fossum
    Jun 29, 2022
    Fraction was great to work with the…

    Fraction was great to work with the associates worked with me through the entire process with patience and guidance. Thanks so much to Benjamin Brown and Kin Dutta.

    ...

  • author
    Jeremy Daniel
    Jun 27, 2022
    Everyone was very helpful throughout…

    Everyone was very helpful throughout the entire process. Always responded quickly and were happy to help with any questions. Overall very positive experience with Fraction.

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  • author
    Christine Walsh
    Jun 17, 2022
    Very easy process

    Very easy process, friendly, quick to respond.

    ...

  • author
    Dave
    Jun 14, 2022
    Excellent -- Daniel has been great to work with

    Excellent -- Daniel has been great to work with

    ...

  • author
    Pat Braham
    Jun 10, 2022
    Great product!

    The Ingram Mortgage Team in Surrey, BC was fabulous to deal with while introducing the Fraction mortgage product to us and preparing the documents. It is a wonderful concept for people to enjoy the equity in their home without payments and retain ownership. The Fraction website explains the product and process very well and they answer any additional questions. We are very pleased with the whole experience and would recommend Fraction.

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  • author
    Niko Okamoto
    Jun 10, 2022
    Tap into your home's equity fast, with no hassles

    Fraction is a great, no-hassle way to tap your home's equity when you need cash quickly for home repairs/improvement, consolidate credit debt, etc. Perfect for a short term break from monthly mortgage payments if you expect your financial situation to change in the next 5 years. They didn't require massive amounts of documentation and I didn't feel raked over the coals like when I've applied for mortgages before.

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  • author
    Lorraine
    Jun 10, 2022
    Easy to work with

    Easy to work with

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  • author
    Sofija
    Jun 10, 2022
    Utilizing equity in your home

    It was very simple and straight forward. The only stressful part was getting the documents required but that’s typical for any type of lending. Being able to use the equity in my home and not having the financial strain has lessened the stress I was going through. Being able to rebuild my credit.

    ...

  • author
    Adrian
    Jun 07, 2022
    A little scary that after reviewing the…

    A little scary that after reviewing the file 100% to get last minute questions after we removed the subject (this file was a purchase with a very nervous client)

    ...

  • author
    Carlo Simone
    Jun 05, 2022
    Fraction came through for me again

    Fraction came through for me again. I can't be more grateful. They were there for me right when I needed the money. I will use Fraction again in the future!

    ...

  • author
    John & Gaye
    Jun 04, 2022
    My wife and I were pleased with the…

    My wife and I were pleased with the process. There was a lot of paperwork to do but that's what lawyers are for. The information was clear and understandable for the type of undertaking in removing a monthly payment and receiving a lump sum to do what we wanted to do. I would recommend Fractions to anyone looking for a reverse mortgage.

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  • author
    Jill
    Jun 03, 2022
    It was a smooth process from the start…

    It was a smooth process from the start . I found Benjamin and Robert great to work with . Always available for questions and in touch throughout the process . I will be sending more files to Fraction

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  • author
    Robert W.
    Jun 02, 2022
    The process was unbelievably quick

    The process was unbelievably quick. I was a little disappointed in the appraisal but everything else was perfect. I'm extremely happy 😊

    ...

  • author
    Joseph Del Tin
    May 20, 2022
    Working with the Fraction…

    Working with the Fraction representatives was a positive experience. Daniel and Glenda were very responsive and helpful in answering our questions. The total elapsed time to finalize the Fraction mortgage was about 4 weeks. The only minor criticism is completing their Know Your Client (KYC) on-line questionnaire which in our case had some glitches to deal with. Other than this one point it was a pleasure to working with Fraction.

    ...

  • author
    Dave
    May 20, 2022
    If selling you home is not an option

    My wife and I have been retired for 8 years, and the financial adviser we had did a terrible job of investing our money, we either had to sell our home that we lived in for 36 years or find another solution. I was pointed towards a reverse mortgage, but the amount we could get wasn't enough and the interest rate was quite high. That's when I started looking at Fraction Mortgage. Their interest rate starts out half of a reverse mortgage rate (then based on appreciation of your home) and funding can be up to half of the appraisal of your home. Everyone at Fraction always kept us up to date on what was going on. A special thanks to Daniel and Glenda for all their help and patience. My wife and I are on the road to financial security again (with a different financial adviser!) Thanks again Dave & Debbie

    ...

  • author
    Raj Johl
    May 20, 2022
    Great communications

    Great communications, question answered, Good People…

    ...

  • author
    James Kee
    Apr 02, 2022
    Fraction was the ideal mortgage product for us...

    Jacob and Ish were most helpful in explaining the Fraction 'deal', as our experience had been only with conventional mortgages. We saw that 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. For us, it beat out all the re-fi's and the reverse mortgage products that are prevalent in the RE market these days. We feel very lucky to have discovered Fraction, and that Jacob and Ish were willing and able to answer all of our many, many questions that arose originally, and also during the entire process, up to the closing. We're very happy to be living our first month now without having made a big mortgage payment -- and with a large amount of cash now in the bank, as a result of the Fraction deal that we made! It's a brilliant idea that's sure to catch on big in the U.S. mortgage market.

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  • author
    Teichroeb.P
    Mar 26, 2022
    Our experience with Fraction has been…

    Our experience with Fraction has been great! At the very beginning, they answered all our questions and were patient with us throughout the whole process (which is super easy in of itself), especially when we encountered a hiccup on our side, Fraction continued to be professional and patient until everything worked out. Overall,

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  • author
    Larissa
    Mar 20, 2022
    Excellent experience

    Really smooth experience. Everything explained in simple and easy-to-follow detail. Client on-boarding very well handled. Thoughtful follow-up gift too! Really recommend working with Fraction if the financing model works for your property/life plans.

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  • author
    Monica Beer
    Feb 28, 2022
    Re financing with Fraction was a great…

    Refinancing with Fraction was a great experience. I am not a tech savvy person and they handled all the details . Always there with prompt answers to any questions or concerns . Looking out for my best interest was they’re top priority. I highly recommend them for all your financial needs.

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  • author
    Manny A
    Feb 21, 2022
    Very happy with experience

    What can I say, very helpful staff and made sure you understood the contract. They outlined the process and timelines so everything went smoothly.

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  • author
    Chris Alexander
    Feb 17, 2022
    Fraction takes the time to work…

    Fraction takes the time to work together with their broker partners to make the customer experience a special one!

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  • author
    Jeff Coates
    Feb 14, 2022
    The people at Fraction were most…

    The people at Fraction were most accommodating and extremely helpful. The creativity of their unique approach to the reverse mortgage is exceeded only by their accommodating and efficient customer service. It was from beginning to end a very satisfactory and fulfilling experience by any measure, including financial and personal. Thank you Benjamin, Bill and all.

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  • author
    Daniel Graetzer
    Feb 09, 2022
    All went great during transaction

    All went great during transaction - Thank you

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  • author
    E.MacDonald
    Feb 04, 2022
    Our review from J&E MacDonald

    Our review from J&E MacDonald Our experience with Fraction was very smooth, Explained very well and accommodating. Polite and helpful staff. I would certainly recommend Fraction which we already have.

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  • author
    Patricia LaBelle
    Feb 04, 2022
    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!

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  • author
    Ron Miller
    Dec 22, 2021
    New thinking on old problem: Equity access

    when I found Fraction on line I was very intrigued with the approach they had created to access the Equity in my home. The computation of interest rates tied to the rise in the equity of my home sold me , relatively low interest as a base line tied to equity performance of my homes market value. Always lots of equity to be made in the future, and the access to equity cash allowed for not only debt reduction, but investment capital as well! Great people always ready to explain the product and answer questions. Very comfortable experience with professional and honest conduct throughout.

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  • author
    Julie Brenneman
    Nov 15, 2021
    First File with Fraction!

    The underwriter was amazing on this! He helped us guide the client through the entire process and answered any questions

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  • author
    Georgia AL Fullerton
    Nov 08, 2021
    Pleasantly pleased

    I was pleased with the fluid and professional way Fraction showed me. I especially like the interactive quiz online that made sure you learned something about the process. I loved my care package of incense, tea coffee and chocolate...nice touch!

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  • author
    DG
    Nov 06, 2021
    Great Start…poor execution

    1. Saw ad on Instagram 2. Larry contacted me and was awesome 3. Andrew (broker) was great: a) home inspection was quick and easy b) although not thrilled with the appraiser’s valuation, he was quick and easy with the process. 4. Everything delayed on closing day because my Insurance company was unable to input the lender details as required by Fraction. 5. After hours of work on my behalf and many calls to TD Insurance I was able to get a letter that was acceptable to Fraction. 6. It took two weeks from the initial estimated closing date to finally get funding today. So way too slow!!! Without Larry & Andrew’s exceptional performance I would have rated Fraction only one Star.

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  • author
    Jeff Streifel
    Nov 03, 2021
    I was thrilled to choose fraction

    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 at all parts through the transaction.

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  • author
    Lawrence Evenchick
    Oct 31, 2021
    Excellent Mortgage Options from Fraction

    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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  • author
    Cathy Laskey
    Oct 22, 2021
    I had a very positive experience and…

    I had a very positive experience and would highly recommend using fraction.

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  • author
    Christine Morley
    Oct 21, 2021
    Fraction was the lender my mortgage…

    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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  • author
    Justin McIntyre
    Sep 09, 2021
    Fraction was fantastic to work with

    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. Clients were all happy with the outcome as well. Keep it going!

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  • author
    Carlo Simone
    Aug 31, 2021
    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.

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  • author
    Reema
    Aug 19, 2021
    Fraction gets mortgages RIGHT!!!

    This was truly one of the best experiences I have had when dealing with mortgages. I was very skeptical to begin with. However, working with the Fraction team has been incredible. They were quick, efficient and very thorough. The mortgage itself is innovative and takes what I feel is a dying, restrictive product and revives it to meet the needs of consumers today! We have a real sense of excitement and peace of mind that this will help us create the life we desire and the opportunity to grow with limitless possibilities. Thank you FRACTION for giving us a future to look forward to.

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  • author
    Jennifer
    Aug 09, 2021
    The team was easy to work with

    The team was easy to work with, they helped me through every step (as this was my first private deal) and went over and above to try to get this deal completed. While the deal did not fund, they were still very personable and even checked up on me to make sure I wasn't out of pocket any money. I will be using Fraction again, without a doubt.

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  • author
    Jeff Puhl
    May 06, 2021
    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.

    ...

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