Thank you Bloom!
The staff at Bloom Finance Company is very knowledgeable and they were able to answer all my questions about a home equity release and how it would work. Thank you!
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Bloom is a modern finance company that provides the simplest solution for Canadians to unlock some of the equity in their home through a reverse mortgage.
We were 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. Our mission is to help 55+ homeowners find financial flexibility in what should be the springtime of their lives.
Click here to visit the the Bloom Finance Company website.
Bloom is a modern finance company that provides the simplest solution for Canadians to unlock some of the equity in their home through a reverse mortgage.
Interest Rate
4% – 5%
Amount
$20,000 – $2,000,000
Term
Lifetime
You must provide:
Do I need good credit to be eligible?
Since there are no regular payments required, your credit score is not as important when determining eligibility for a Home Equity Release as it is for other mortgage products. Bloom offers solutions to customers with a wide range of credit histories.
How fast can you get the money
24 hours
How does repayment work
No payments required until the borrower passes away or moves out of the home.
Funding method
With the help of a lawyer, you’ll finalize the paperwork and the cash will be deposited into your bank account.
The staff at Bloom Finance Company is very knowledgeable and they were able to answer all my questions about a home equity release and how it would work. Thank you!