video1.0<iframe src="https://www.loom.com/embed/cf616795935e4685982b61b992c57de1" frameborder="0" width="1760" height="1320" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>13201760Loomhttps://www.loom.com13201760https://cdn.loom.com/sessions/thumbnails/cf616795935e4685982b61b992c57de1-8b46f53cd93213ff.gif1618.28This Loom from Fraction’s BDM Vimelsing explains Fraction’s no-payment mortgage solution and how it expands broker lending options. He clarifies it is not a reverse mortgage, has no age restrictions, and can provide up to 49.5 percent LTV on the Fraction 50 product with fixed 6.99 percent for three years, 7.09 percent for four years, or 7.19 percent for five years, plus a 3 percent fee capitalized to the mortgage. Fraction 50 is first-position only, owner-occupied principal residences, requires a minimum 660 credit score for at least one applicant, and confirms income to ensure clients can cover property taxes and living expenses, with lending in BC, Alberta, and Ontario up to $1.5 million on detached and $800,000 on condos. He also covers Fraction 60 for higher LTV or lower-credit scenarios and outlines common use cases including self-employed clients, rate shock, reverse-mortgage alternatives for younger clients, and divorce-related payoffs.