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

Great process

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.

12 December 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thanks for the review, Robert. We look forward to our continued partnership.

Rated 1 out of 5 stars

Disappointment

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.

1 December 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Hi Doug. We are so sorry to hear that you felt you had a bad experience. Here at Bloom, we're always trying to improve so we appreciate your feedback on how we can better update our terms on our website. We'll be sure to action this.

Rated 5 out of 5 stars

As a broker its imperative that we work…

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

1 December 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

It was a pleasure working with you, Carey. Thanks for sharing your experience with us.

Rated 5 out of 5 stars

Good Experience with Bloom

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,

24 November 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you for sharing your positive experience with us, Terry. We're delighted to hear that everything went smoothly and efficiently.

Rated 5 out of 5 stars

Sonia at Bloom

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.

26 October 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

We're so glad to hear about your positive experience! Ensuring a smooth and efficient process for our clients is what we strive for. Thank you for trusting us with your needs.

Rated 5 out of 5 stars

Hands down the best out there

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.

23 October 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you so much for your review and for choosing us for your reverse mortgage needs. We're truly sorry to hear about your challenging experience elsewhere, but are delighted to know that you found our process simple and easy. We strive to provide the best service possible and are glad to have met your expectations. Looking forward to continuing to be your choice for future needs!

Rated 5 out of 5 stars

Thanks to all the folks at Bloom…

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

5 October 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

We're incredibly grateful for your kind words and are thrilled to hear about your positive experience with us. It's our priority to put our clients at ease throughout the process, and we're so glad Kevin was able to go above and beyond in assisting you. Your appreciation means a lot to us, and we'll make sure to pass your special thanks on to Kevin and the team.

Rated 5 out of 5 stars

The reverse mortgage was the ideal…

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.

14 September 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you for sharing your experience with our reverse mortgage solution. We're delighted to hear that it provides the financial security you were looking for, allowing you to enjoy your home for years to come.

Hearing about your positive interactions with Gavin Smith is especially rewarding. We pride ourselves on delivering a simple, seamless experience. Your compliments are greatly appreciated, and we'll be sure to pass them along to him.

Thank you once again for choosing Bloom!

Rated 5 out of 5 stars

highest advance good rate great account…

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

19 September 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you for the five-star review! We are glad to hear about your experience with us.

Rated 1 out of 5 stars

Agent quite nice

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.

18 September 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

We appreciate your feedback and are happy to hear that you had a nice experience with our agent. We strive to make the process as easy as possible. Due to strict underwriting practices, we are not always able to lend 55% of the home value.

Rated 5 out of 5 stars

Bloom was really great and easy to work…

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.

15 September 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you for your kind words, Brian. We're thrilled to hear your first experience with us was impressive and that our communication met your expectations. Making the process smooth and easy for our clients is what we strive for.

Rated 5 out of 5 stars

Bob Urbanovitch provided excellent service

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.

24 July 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

We're delighted to hear about your positive experience with Bloom! Your satisfaction and recommendation mean a lot to us.

Rated 5 out of 5 stars

Kevin at Bloom made my dream of staying in my home a reality

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.

29 March 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you so much for sharing your experience with us. We understand how challenging life transitions can be, and we're truly honored to have been able to assist you during this time. It's wonderful to hear how Kevin's expertise and guidance made the reverse mortgage process smooth and effortless for you, and even more so, that it has allowed you to stay in your beloved home.

Rated 5 out of 5 stars

Best Financial Institution

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.

12 June 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thank you for such a thoughtful review, John. Your recommendation means the world to us! We're committed to delivering top-notch services to all our customers, and knowing that we exceeded your expectations is incredibly rewarding.

Rated 5 out of 5 stars

Bob Urbanovitch at Bloom is quick to…

Bob Urbanovitch at Bloom is quick to respond, stands behind Bloom product and is flexible whenever possible. He is a person of integrity. Nancy Karlovich is always available to speak with me and I appreciate she attends our industry events. I was surprised on how fast they work and close!!

5 July 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

It was great working with you, Carol. Thanks for sharing your experience with us. Looking forward to continued collaboration!

Rated 5 out of 5 stars

Our Bloom agent made everything easy for us.

My family and I are grateful to Bloom for the opportunity of a reverse mortgage, received today, which is already making our lives more simple. Our Bloom agent made everything very easy for us, and we appreciate his impeccable care and trustworthiness.

22 May 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

We are truly grateful for your kind words! It brings us immense joy to know that you and your family are already experiencing the benefits of the Bloom reverse mortgage.

Rated 5 out of 5 stars

Bloom Finance - a great financing alternative

My husband Andrew and I were very grateful for the help and support of Gavin Smith, our agent, who answered our questions. We are very happy with our decision to switch to a reverse mortgage.

25 April 2023
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

Thanks for the kind words, Jean! We are thrilled to hear about your experience with us.

Rated 5 out of 5 stars

Great experience

My agent was most helpful and accommodating. The process was very smooth from start to finish. I couldn't wish for better service. Highly recommend.

24 March 2023
Unprompted review
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Reply from Bloom Finance Company Ltd.

Thanks for sharing your experience with us, Wanda.

Rated 5 out of 5 stars

Great experience with Bloom Reverse mortgage

I had 2 Bloom Reverse mortgages on the go at the same time. Both the underwriter and fulfilment specialists were very communicative with updates at each stage. To me, that is key. The entire process was smooth and seamless. I will definitely use Bloom again.

20 March 2023
Unprompted review
Bloom Finance Company Ltd. logo

Reply from Bloom Finance Company Ltd.

It was a pleasure working with you, Catherine. Looking forward to continued collaboration!

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