top of page
< Back

Educational Materials/Courses

Save this article  > 

Meet Bloom, Canada’s Newest Reverse Mortgage Provider

Steve Huebl
Publication date:
September 22, 2021
Article Summary: 

Bloom Finance Company, a Canadian fintech firm, has entered the Canadian reverse mortgage market with the launch of its Bloom Reverse Mortgage product for homeowners aged 55 and over in Ontario. The company, the first non-bank provider of reverse mortgages in Canada, offers a simpler and more comfortable process for unlocking home equity. Its 5-year fixed rate is currently available at 4.99%, in the middle of the field compared to competitors. As the company grows, it plans to expand its suite of products and will focus on how home equity can be accessed in different quantities. Broker partnerships will be central to its growth.


Bloom Finance Company, reverse mortgage, Ontario, HomeEquity Bank, Equitable Bank, retirement, home equity, fintech, technology, appraisal, fixed rate, loan size, penalty policy, setup fees, broker partnerships.

Source Citation: 
Steve Huebl
Meet Bloom, Canada’s Newest Reverse Mortgage Provider
September 22, 2021
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page