Fraction Lending Inc
BC and Ontario equity lender offering open, penalty-free mortgages for owners who can put 30 to 50 percent down but need flexible qualifying. It lends British Columbia, Ontario.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Borrowers with bruised or lower credit scores
- Refinances and equity take-outs
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Renewal or switch
- Refinancing
Features
- Interest-only payment option
- Private-sale purchases (no realtor)
Rate types
- Fixed rates
- Variable rates
Where it lends
British Columbia, Ontario
Good to know
- No rental properties or rental income allowed
- Requires a large down payment of 30 percent or more
How to reach Fraction Lending Inc
Available only through a licensed mortgage broker, not directly to the public. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Fraction Lending IncEducational summary; rates, terms, and approval are set by the lender.
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Other alternative (b) lenders
Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.