Reverse Mortgages in Toronto

We help homeowners in Toronto who are 55+ access the wealth they’ve built in their homes securely and responsibly

Pay off mortgage and other debt

Cover unexpected costs like healthcare

Give a living inheritance to your kids

Enjoy retirement responsibly, stress free

What is a Reverse Mortgage?

A reverse mortgage is a simple, smart way for people aged 55+ living in Toronto to access the wealth they have built in their home. This innovative financial solution allows you to stay in the home you love, and only pay down your mortgage when you decide to move, sell, or otherwise cease to occupy your home.

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Who Can Qualify for a Reverse Mortgage in Toronto?

If you are a Toronto homeowner over the age of 55, there’s a good chance you’re eligible. Give us a call and one of our Bloom Representatives can confirm.

Homeowner Age 55+

Must be Your Primary Residence

$$$ Minimum Home Value

Homeowner Age 55+

Reverse Mortgage Calculator

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How Does a Reverse Mortgage Work in Toronto?

Watch this short clip to see how Bloom helps 55+ Canadians find financial flexibility in retirement.

Put your home equity to work

Bloom helps you fund your retirement goals by releasing some of the wealth tied up in your home in a responsible and secure way.

The revolutionary Bloom Prepaid Mastercard®.

Access funds locked in your home equity when and where you want with the innovative Bloom Prepaid Mastercard®.

Learn more

Bloom Reverse Mortgage™

Our reverse mortgage allows Canadian homeowners 55+ to access up to 55% of their home’s value in tax free cash, without having to move or lose ownership of their home.

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Lifetime Fixed-Rate Mortgage

Release equity from your home in one lump sum or make on-demand draws. Decide if you would like to make monthly payments, or not.

Coming Soon

The best part of working with Bloom is we’re with you at every step, breaking down complex terms and helping you choose the best product for your unique needs.

We’re here for you; let’s talk.

1-866-882-5666

FAQs

Won’t a reverse mortgage deplete the equity I have built in my home?
How can I learn more about reverse mortgage solutions, and whether this is right for me?
Where does Bloom operate?
Am I eligible?
How much could I be eligible for?
What can I do with the money?