With the Bloom Reverse Mortgage™ calculator it is simple, free and easy to calculate a quote online.

We ask you a few questions about yourself and your home to calculate a tailored reverse mortgage quote.

Please note that the reverse mortgage quote provided by our calculator is an estimate only. If you would like a more precise estimate, please call us at 1-866-882-5666.

You'll speak to a Bloom Representative, who can answer any questions you have about reverse mortgages and working with Bloom.

We may need to conduct an appraisal of your home. If required, this will be organized and paid for by us upfront - there is nothing for you to pay out of pocket!

It is important to note that there is no obligation at this stage. Our team will review your application and your Customer Representative will inform you of the results.

If you are approved, your Bloom Representative will send you a Commitment Letter that outlines the amount available to you, key terms and conditions, and information about the product.

Your Bloom Representative will take as much time as needed to review this with you and ensure you're comfortable and informed.

There is still no obligation for you at this point. Take the time to review this document with your family and advisors.

By law, every customer looking to take a reverse mortgage must first get independent legal advice from a lawyer.

This process is there to protect you and ensure that you fully understand everything you need to know about the product, and the terms and conditions of a reverse mortgage.

In most cases, the cost for the lawyer is deducted from the reverse mortgage proceeds, so there is still nothing for you to pay upfront.Read Less

Once you're ready to move forward, your lawyer will help you sign the required mortgage documents.

You will choose a date you would like to receive the funds, and the bank account you'd like to receive them in.

On this date, Bloom will drop the funds directly into your account, and the process will be completed.