And since Fraction’s product is fully open with no prepayment penalties, you are putting the power back in your clients’ hands to make future decisions based on what’s best for them.
Have you been advising clients to take shorter term products in order to capitalize on future rate cuts? With economic uncertainty looming, it might be time to adjust your game plan.
With Fraction offering fixed-rate terms for up to five years, you can give your clients the breathing room to ride out a much longer market cycle, protecting them from market turmoil.
We've launched an iOS app for mortgage brokers in BC, Ontario, and Alberta to work even more easily with Fraction!
Track your deals, upload documents, complete tasks, earn points, invite your colleagues, and more from the Fraction app.
Download at https://t.co/Gpj1NeIfFH
CPP? OAS? GIS? RRSPs? What does it all mean?
Thankfully, this week’s #FinancialLiteracyMonth resource, courtesy of @canadalifeco, neatly lays out everything you need to know.
https://t.co/lLErDG4Cmr
This week of Canadian #FinancialLiteracyMonth is all about buying a new home. If there’s one thing every budding homebuyer should have in their toolkit, it’s a trustee calculator.
Thankfully, the @CHMC_ca provides not 1 but 3(!) helpful calculators.
https://t.co/GBURIwYmY2
This Canadian #FinancialLiteracyMonth, we’re sharing new resources to help you improve your relationship with money (Don’t worry, Americans; your time will come in April 😉)
This week: the Financial Literacy Self-Assessment, courtesy of @FCACan.
https://t.co/GlONuN8Dgm
Rather than selling their property, homeowners are considering reverse mortgages to finance their lifestyle and retain ownership of their home.
But what happens when you inherit one? 🤔
Learn more about reverse mortgages with @FractionFinance👇
https://t.co/kS9Xk49Ss7
Consider an HEI if you…
🤝Don’t want a loan
🤝Have poor/fair credit
🤝Need a higher loan amount
Interested in learning more? Check out our full blog on the topic: https://t.co/V97J7s0iuj
Don’t get a reverse mortgage until you consider all your alternatives. A thread 🧵
1. Fraction Mortgage ← closest match
Borrow a fraction (ha!) of your home equity with no required monthly payments.*
Consider a cash-out refinance if you…
💰Want a lower rate
💰Can afford higher mortgage payments
💰Willing to reset your mortgage term
5. Home equity investment (HEI)
Access your home equity with no monthly payments with a co-investment in your property.