Fraction Reviews 116

As a mortgage broker, I’ve had the opportunity to work with Fraction on client files, and they’ve been consistently excellent to deal with.

Larry White and Benjamin Brown are both incredibly knowledgeable, responsive, and solutions-focused. They communicate clearly, move quickly, and make collaboration seamless, which is critical in getting deals across the finish line.

What really sets them apart for me is that I’ve also worked with them personally. They played a big role in helping me secure my own cottage, and I genuinely appreciate the guidance and support they provided throughout that process.

I would confidently recommend Fraction, and especially Larry and Benjamin, to both clients and industry partners.

High interest rate and it’s not counted daily, it’s counted monthly. Besides, once I want to payout my mortgage loan, I sent several emails to their mortgage specialist for the details ,they are not responding at all until my broker or lawyer sent an email to them, it seems they treated people differently, so better choose traditional bank instead of this company.

I believe it would be a lot of fun playing these tasks.

The approval process with Fraction was exceptionally easy. I would definitely suggest you give them a try. I would utilize them again.

The appraiser hired by Fraction undervalued our home by 22%, using homes in totality different areas of our town.
The Appraiser was only a AIC Candidate Member, not a fully accredited appraiser.
2 neighbouring homes each side of ours sold within a month of our home sold were submitted as comparable but were not accepted.
We could have paid for a private appraisal but the average of the two would be used to establish value.
We unexpectedly sold our house 22 months later for the amount we had said it was worth. A 22% appreciation at a time when the housing market had declined 15%.
We went ahead with the mortgage because we were assured that this discrepancy was documented on our file and we would be treated fairly regarding the interest calculation.
Of course Both people that assured use are no longer with Fraction.
They did not honour what their employees had promised and charged us the maximum 9.9% interest resulting in a $20,000.00 increase in our anticipated, no penalty discharge of the mortgage.
Beware.

I am a mortgage broker and am pleased to say I have been conducting business with Fraction since 2021 with the most recent mortgage closing Jun 11, 2024. They are a pleasure to work with, processes are very straight forward and staff are helpful. Many of my clients have been able to use a Fraction Mortgage to allow them to stay in their homes through illnesses, job losses, unexpected expenses; etc. The mortgages have been a real life saver.

A seamless transaction.
Knowledgeable advice.
I would recommend Fraction for their service.
We’re always kept up to date with correspondence.

Everyone I dealt with at Fraction has been helpful. They're quick to respond to any inquiry and provide the information to help me make an informed decision.

Our broker recommended Fraction as an option for buying an investment property. We really liked how it all worked. The application and approval process was simple and quick. When we have contacted Fraction over the past couple of years for information the response was quick and they answered all our questions. Highly recommend.

Very good communication. Always friendly. Took the time to explain everything

The process was clear and well communicated.

Fraction is great its nice you can sign a five year plan and not make payments and watch your investment grow.

Fraction has provided me with a unique and flexible hybrid mortgage product that continues to provide me with both freedom and flexibility to get a foothold through unexpected challenges.

An innovate alternative to a reverse mortgage. Can be paid off anytime. Interest rate is geared to the market value increase of the property.
Expensive up front costs that were not well explained.
Overall a worry free process that was well administered.

The process is easy, and quick. Everything is fully explained to give you peace of mind

Fraction mortgage was there when I needed to reverse mortgage and they helped me out incredibly. It was very easy to qualify and the terms were fabulous.

My experience with Fraction was awesome..it was a very dark time in our lives and Fraction helped to make it brighter and with the upmost perfectionism. I would recommend fraction to anyone who needs help and a brighter future

No mortgage payments and the extra cash we got we're using to improve our home and lifestyle.

I'm so grateful for Fraction and the products they offer. I was able to build my business and upgrade my home because of Fraction. Feeling good about how they took care of my immediate needs.