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. T... Toon meer
Bedrijf heeft geantwoord
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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 a... Toon meer
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.... Toon meer
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.... Toon meer
Bedrijf heeft geantwoord
Bedrijfsgegevens
Geschreven door het bedrijf
Fraction is an innovative digital platform that enables homeowners to manage and diversify their home equity in a new, fair, and socially conscious way.
Contactgegevens
1050 Homer Street, V6B 2W9, Vancouver, Canada
- +1 (800) 785-0263
- contact@fraction.com
- fraction.com
4,4
Uitstekend
116 reviews
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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
28 juli 2022
Antwoord van Fraction
Thanks so much for taking the time to write this great review, Dave and Debbie. We're thrilled that you enjoyed working with us and hope that your Fraction funds help you and your family!
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.
24 juli 2022
Antwoord van Fraction
Thanks so much for your review, Terry. We are so grateful for your business and are happy that our product positively impacted you. We look forward to working with you again in the future!
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
23 juli 2022
Antwoord van Fraction
Hi John, we apologize for the confusion around legal requirements and costs. Please let us know if we can be of further assistance. Contact us at support@fraction.com
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.
22 juli 2022
Antwoord van Fraction
Hi there Adrian, thanks for your note! We always strive to provide the best service possible - we hope that in the future we can provide a level of service that befits our brand promise. Looking forward to working with you again in the future.
If you have any questions or concerns, please don't hesitate to reach out via email to support@fraction.com
Antwoord van Fraction
Thanks so much for your review, Dee. We're thrilled that you enjoyed working with us and hope that your Fraction funds have had a positive impact. We look forward to working with you again in the future.
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.
22 juli 2022
Antwoord van Fraction
Thanks so much for taking the time to write this great review, Cheryl. We're thrilled that you enjoyed working with us and hope that the Fraction funds have had a positive impact on your clients!
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.
22 juli 2022
Antwoord van Fraction
Thanks so much for your review, Christine. We are so grateful for your business and are happy that our product has had a positive impact on your clients. We'll be sure to pass on your kind words to Larry and Daniel!
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
21 juli 2022
Antwoord van Fraction
Thanks so much for your review, Elvin. We are so grateful for your business and are happy that our product positively impacted you. We look forward to working with you again in the future!
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.
21 juli 2022
Review zonder uitnodiging
Antwoord van Fraction
Thanks so much for taking the time to write this great review, Daryl. We're thrilled that you enjoyed working with us and hope that Fraction has had a positive impact on you, your family, and your friends!
Antwoord van Fraction
Thanks for your review Joseph, thank you for funding with Fraction!
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!
20 juli 2022
Antwoord van Fraction
Thanks so much for your review, Phil. We are so grateful for your business and are happy that our product positively impacted your client. We look forward to working with you again in the future!
I Love working with Fraction
I Love working with Fraction! Daniel and his team are always responsive, attentive and accomodating.
20 juli 2022
Antwoord van Fraction
Thanks so much for your review, Armand. We are so grateful for your business and are happy that our product positively impacted your client. We look forward to working with you again in the future!
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.
20 juli 2022
Antwoord van Fraction
Thanks so much for taking the time to write this great review, Dieter. We're thrilled that you enjoyed working with us and hope that your Fraction funds help you!
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.
20 juli 2022
Antwoord van Fraction
Thanks so much for your review, Christian. We are so grateful for your business and are happy that our product positively impacted you. We look forward to working with you again in the future!
Antwoord van Fraction
Thanks so much for taking the time to write this great review, Stanley. We're thrilled that you enjoyed working with us and hope that your Fraction funds help you!
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.
20 juli 2022
Antwoord van Fraction
Thanks so much for taking the time to write this review, Stephen.
We'll be growing our product and data offerings soon and hope that they will give you more insight into your mortgage.
We're thrilled that you enjoyed working with us and hope that your Fraction funds help you achieve your goals.
Antwoord van Fraction
Thanks so much for taking the time to write this great review, Jeff. We're thrilled that you enjoyed working with us and hope that your Fraction funds help you!
Everything went according to plan and…
Everything went according to plan and was done on time.
19 juli 2022
Antwoord van Fraction
Thanks so much for your review, Vincent. We are so grateful for your business and are happy that our product positively impacted you. We look forward to working with you again in the future!
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.
19 juli 2022
Review zonder uitnodiging
Antwoord van Fraction
Thanks so much for your review, Marika. We are so grateful for your business and are happy that our product positively impacted your client. We look forward to working with you again in the future!
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