Bloom Finance Company Ltd. Reviews 

112
•
TrustScore 4.5 out of 5

4.4

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Rated 5 out of 5 stars

Adam went above and beyond for us. Trying to Buy a truck again after selling our last truck 12 years ago was a near impossible task because the finance people looked at it as a new venture. After tryi... See more

Rated 5 out of 5 stars

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... See more

Company replied

Rated 4 out of 5 stars

As someone who has difficulty reading and understanding legal documents I experienced a lot of anxiety in this process. Especially when the implication that my wife must cope with the possibility of... See more

Rated 5 out of 5 stars

Just recently retired and was looking to free up monthly expenses with a reverse mortgage. Reached out to Bloom and was contacted promptly by their Vishal Gulati. All my questions and concerns were e... See more

Company replied

Company details

  1. Mortgage Lender
  2. also in
  3. Financial Institution
  4. Mortgage Broker

Written by the company

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

4.4

Excellent

TrustScore 4.5 out of 5

112 reviews

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4.4

All reviews

(112)

4 reviews in the last 12 months

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Rated 5 out of 5 stars

Good helpful service

Madison and all the people that set up the financial were very patient and helpfull

September 25, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thank you for your kind review, Robert. We’re delighted to hear that Madison and the team were able to support you throughout the process. Your satisfaction means a lot to us, and we’re grateful for the chance to assist you!

Rated 5 out of 5 stars

My experience was excellent with Bloom

My experience was excellent with Bloom. The communication was helpful, timely at my request.
Having many questions the team was patient as I decided the options available. The process was handled quickly. I was very impressed.
I would, without hesitation recommend considering Bloom Financial for your needs.

August 5, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thank you for sharing your wonderful experience! We're so pleased to hear that our team provided timely and helpful communication while guiding you through the process. It’s great to know you felt supported in exploring your options. We truly appreciate your recommendation!

Rated 4 out of 5 stars

Perseverance

While this particular application came across many hurdles, the Bloom team stuck with me and my client to the finish line. Along the way, I found them to be extremely helpful, transparent and a real effort on their part to get the deal completed.

September 4, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thank you for your kind review, Gary. We’re pleased that our team could support you and your client through the challenges and see things through to the finish line. We greatly appreciate your trust in us to get the deal completed!

Rated 5 out of 5 stars

The team at Bloom was so incredibly…

The team at Bloom was so incredibly helpful! I would ABSOLUTELY go back to them for my next Reverse mortgage.

August 16, 2024
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you for this kind note! We love hearing that we were able to help.

Rated 5 out of 5 stars

As a mortgage agent

As a mortgage agent, I appreciated the excellent responsive communication with Bloom. This enabled me to help my client through some tough spots.
Rates and fees were very good, as well as having a niche product that was a perfect fit for my client. Look forward to working with Bloom again.

August 1, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thank you for this kind review! Looking forward to working with you again too.

Rated 5 out of 5 stars

MY BIGGEST BURDEN IS GONE


It can be scary when you reach your retirement age and you still have a mortgage to pay and with the interests rates now. Then comes Bloom with a way to not having to make mortgage payment. At first I thought this is too good to be true it must be a scam but it is not. It is just a different type of lender. It really didn't take that long to go through the process. If paying down your mortgage is stopping you from retirement talk with the people at Bloom.

July 23, 2024
Unprompted review
Rated 5 out of 5 stars

Top Notch Service

Quick and easy response from underwriting with an amazing solution for the client.
Everyone is extremely happy and relieved.

June 5, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

We are so happy to hear that!

Rated 5 out of 5 stars

Great experience

Great experience, client was very happy. They offered a competitive rate, with more mortgage funds than 2 other competitors. I was kept in the loop the entire time.

July 16, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

We are so happy to hear this and look forward to working with you again soon!

Rated 1 out of 5 stars

Beware of what you click on

Beware of what you click on, this company and Spring Finare extremely shady and if you click the wrong thing , you will be automatically subscribed.

When you try and cancel they will give you the run around. BE CAREFUL!

Bloom Finance Company, yes I am sure it was your company and I stand by my statement.

June 22, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Hello Bry, we see you provided a similar review for another company called Spring Financial, which has a somewhat similar name to ours. Are you sure you interacted with us (Bloom)? We will always automatically unsubscribe anyone who asks. If you are in fact receiving communications from us, simply unsubscribe in the email or reach out and we will have you removed from our contact lists immediately.

Hello again Bry. Our records indicate that you are not a customer of ours (Bloom Finance Company Ltd.). We’d love to speak with you to understand your experience here, and why you think you subscribed with us. Would you be open to that? If so, please send an email to privacy@bloomfin.ca with your contact details so we can be in touch.

Rated 5 out of 5 stars

Bloom Finance Company

Bloom Finance Company
My wife and I were concerned that we were going to have to sell our home as we are up in age on a fixed income and getting to the point of not being able to keep up with the rising property taxes and home insurance as well as everything else. We were recommended to talk to Bloom and so happy we did. Our contact person, Madison is awesome. She is very patient and explained everything very well and answered all our questions and helped us through the whole process. We are so excited now we can stay in our home and afford the costs to live here. Thank you Madison and the rest at Bloom.

June 12, 2024
Unprompted review
Rated 5 out of 5 stars

Skeptical but hopeful

Just starting the process of a reverse mortgage, husband & I are very skeptical because it sounds almost to good to be true- we are going through some financial hardships and the thought of selling our family home has been overwhelming and heartbreaking. Sonia has been amazing with her patience & understanding , her knowledge and is always replying in a very efficient and quick manner . We are doing a phone call this Thursday so we can understand better and put our minds at ease- I hope we can make this happen- we haven’t slept in months ( 😴) fingers crossed

May 1, 2024
Unprompted review
Rated 5 out of 5 stars

I am in the early stages of obtaining…

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.

February 2, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thank you for your positive feedback! We're thrilled to hear that our agent made the early stages of obtaining your reverse mortgage easy to understand.

Rated 5 out of 5 stars

Exceptional service and extremely easy…

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!

February 1, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

It was great working with you, Alan. Thanks for sharing your experience with us.

Rated 5 out of 5 stars

Bloom Delivers!

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.

January 31, 2024
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thank you for the thoughtful review, George. We are delighted to hear about your positive experience with us.

Rated 5 out of 5 stars

I am SO VERY HAPPY & PLEASED I CHOOSE…

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.

June 1, 2023
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thank you, Marie. We are always happy to help in any way that we can and appreciate your kind words.

Rated 5 out of 5 stars

A Company that Cares

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

December 29, 2023
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thanks for the kind words, June. It was great working with you.

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