Bloom Finance Company Ltd.

147 Liberty St, M6K 3G3, Toronto, CA
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5.00
Based on 94 Reviews

5

92.55%

4

4.26%

3

0.00%

2

0.00%

1

3.19%
About Bloom Finance Company Ltd.

Bloom offers Reverse Mortgage / Home Equity Release solutions for 55+ Canadians. Bloom was founded in 2019, with the belief that 55+ Canadians could increasingly flourish in retirement if they looked to the wealth in their homes as part of their overall retirement strategy. We believe that unlocking home equity can and should be a simpler, friendlier process, and that Canadians will increasingly view home equity release as a mainstream solution to support retirement. Our mission is to help 55+ homeowners find financial flexibility in what should be the springtime of their lives. We use technology and customer-centric innovation to offer a simple, seamless way for 55+ Canadians to access their home equity.

Contact Info

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John Coleman
Canada | 04 February 2024

I am in the early stages of obtaining my reverse mortgage and the agent I spoke with has explained everything in easy to understand terms.

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Alan
Canada | 02 February 2024

Exceptional service and extremely easy to navigate! Really appreciate how fast everyone works, and works towards the common goal of helping the client! Looking forward to working with Bloom on next one! Thanks again!

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george randle
Canada | 02 February 2024

Bloom should be proud of the professionals who they employ. Vishal Gulati in particular, guided us through our reverse mortgage journey from the application stage to closing the transaction. The website content explained reverse mortgages in easy to understand terms and we experienced no surprises along the way.

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Marie Kolenski
Canada | 19 January 2024

I am SO VERY HAPPY & PLEASED I CHOOSE BLOOM over any of the Other Reverse Mortgage Companies that I checked out & I checked a lot of other Companies. They are Very Friendly, accommodating & Very Easy to get a hold of Anyone. They answer any & all questions you may have & they Always make sure You understand Everything. They were also the Cheapest ones around, at the time I checked every other Companies. They also gave me a credit card along with a lump sum, which was FANTASTIC & as far as I knew No Other Company did that it was 1 or the other if I am not mistaken, at the time I received my reverse mortgage. I Would HIGHLY RECOMMEND BLOOM TO ANYONE & EVERYONE! I am not 100% on the date, altho it was last year.

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june snyder
Canada | 30 December 2023

I was surprised and pleased at the professionalism of Bloom Home Equity and the ease with which they made my transition into Reverse Mortgage I would definitely recommend this company to anyone who is considering a mortgage

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Robert Woods
Canada | 16 December 2023

As a mortgage broker, when a client gives you a bottle of wine to say thanks... You know everyone involved did a great job and the product is the right option for the client.

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Doug English
Canada | 05 December 2023

The Bloom website doesn't note that Bloom lending policy discriminates against those of us with rural properties. It also says up to 55% but doesn't note that you have to be in your 90's to get that amount. Deceived and disappointed.

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Carey Benvenuti
Canada | 02 December 2023

As a broker its imperative that we work with lenders that have excellent communication and great customer service with our clients. My clients felt very well supported throughout the process. The communication with Bloom is excellent with regular updated between all parties, they were fast and efficient through the whole transaction. Highly recommend for all my reverse mortgage clients! Carey Benvenuti- Level 2 Mortgage Agent- Mortgage Architects

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Terry Findlay
Canada | 25 November 2023

The experience was quite stress free considering it was a big step for us. Bob was very responsive and helpful. There was a glitch with a government document which we couldn't solve ourselves and Bob took care of for us. With Bob's help and Bloom's system we were able to get it done online and in a timely fashion,

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Joanne Jobson
Canada | 26 October 2023

I had the pleasure of having Sonia as my consultant through this complicated issue of a reverse mortgage. She is so nice, very patient and got the job done. Thank you Sonia it was a pleasure.

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candice liberatore
Canada | 24 October 2023

Just wanted to send you a quick review. I sent in a reverse mortgage to another company as per my client's request. NEVER AGAIN!!! They have been terrible to deal with and the deal is taking forever. I will never use them again. Bloom is hands down the best to deal with. You make it simple, easy and are a dream to work with.

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Joe Graham
Canada | 05 October 2023

Thanks to all the folks at Bloom Reverse Mortgage, you all have made our experience very positive and you have put us at ease through out the process. A special thanks to Kevin Song for going above and beyond to help us with no questions asked. Thanks again, Joe and Anne Graham

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Frank Huncar
Canada | 05 October 2023

The reverse mortgage was the ideal solution for us. It provides lifetime financial security while allowing us to live out our days in the house that we love. We were thoroughly impressed by the service provided by Bloom’s representative Gavin Smith. He explained the transaction in detail, answered our questions and finalized the mortgage in a matter of weeks. And, as a bonus, Gavin was a pleasure to do business with. Frank G.

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Larry and
Canada | 21 September 2023

highest advance good rate great account executive Keven Ovelson and great mortgage broker Ed Pednaud.Five stars to both202309 20

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Leo Kleiss
Canada | 19 September 2023

Agent quite nice. up to 55% if you live in a city. Misleading to say the least. $900,000 value looking for 39%. offered 25% because I don't live in a city. Very disappointed.

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brian
Canada | 16 September 2023

Bloom was really great and easy to work with. Communication was top notch. As a first time user I am really impressed. They made the whole process smooth and easy. Thx again.

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Randy Shand
Canada | 01 September 2023

Our experience with Bloom was very positive. From first contact to final payout Bloom provided professional, knowledgeable and speedy service. We could not be more satisfied with the service provided. Highly recommended.

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Garth Findahl
Canada | 23 August 2023

My partner of a number of years one day told me that he was leaving and that I was the worst thing that had ever happened in his life. Contact a lawyer. He did not contribute to the relationship financially so that was not a problem. As with any separation and the distribution of the assets I was left with a new financial reality, much of savings were gone. The Bank of Canada decided to raise interest rates on mortgages which as they increased meant reduced cash follow. I started to wonder how long I would be able to stay in my home. Kevin with Bloom and I were in contact and explored the world of a reverse mortgage. I felt that his was the way to go. Being older we decided that I should apply and see if I qualified. Kevin was excellent in walking me through the process. His expertise with all the paper work made the process swift and effortless. I waited breathlessly for the day that the mortgage payment in the past came out of my account. It was true no payment. Thank you, Kevin for your expertise and guidance in undertaking a reverse mortgage. The reveres mortgage has allowed me to remain in my home. It is a dream come true.

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John
Canada | 26 July 2023

I normally don't write reviews but i am extremely impressed with Bloom and especially Vishal. Vishal is truly a man with honor and integrity. He was honest and helped me through the whole process and also going above and beyond to get me the best financing amount and rates. If you are in the market for these services, I would highly recommend them, no need to look anywhere else.

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Martin Charney
Canada | 26 July 2023

Nancy was knowledgable, kind, responsive and got the job done in record time. Our fee was very much more than that paid by her competitors.

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