Fraction

Fraction is a financial technology company based in Vancouver, Canada, founded in 2018.

It specializes in the mortgage lending and real estate tech sectors, offering the Fraction Mortgage®, a unique home equity access product. This product allows homeowners to access tax-free cash from their home equity without monthly payments, prepayment penalties, or age restrictions. The Fraction Mortgage® enables homeowners to unlock up to 50% of their home equity for various purposes, such as debt reduction, income diversification, purchasing investment properties, funding businesses, or home renovations. Interest accrues but is settled upon the sale of the home or repayment, providing flexible terms and fixed rates. Fraction aims to serve a broad demographic by offering a straightforward process and knowledgeable support, distinguishing itself from traditional loans and reverse mortgages.