Downsizing & Senior Mortgages in Paramus
Smart Financing Solutions for Your Next Chapter in Bergen County
62+
Reverse Eligible
$500K
Tax-Free Gains
0
Monthly Payments*
30 Days
Bridge Loan Approval
Tailored Mortgage Solutions for Seniors & Empty Nesters
Whether you're accessing home equity, transitioning to a smaller home, or moving to a 55+ community, we have the perfect financing solution for your needs.
Reverse Mortgage (HECM)
Access home equity without monthly payments
Age: 62+
Tax-free proceeds
Stay in your home
No monthly payments
FHA insured
Bridge Loans
Buy your new home before selling
Age: Any
Quick approval
12-month terms
Interest-only payments
Smooth transition
55+ Community Loans
Specialized financing for active adult communities
Age: 55+
Low down payment
Condo approved
Competitive rates
Fast closing
Asset Depletion Loans
Use retirement savings to qualify
Age: Any
No income needed
Use 401k/IRA
Preserve savings
Flexible terms
Understanding Reverse Mortgages (HECM)
How Reverse Mortgages Work
A reverse mortgage allows homeowners 62 and older to convert home equity into tax-free cash without selling or making monthly mortgage payments. You retain ownership and can stay in your home as long as you maintain it and pay property taxes and insurance.
Access up to 60% of home value
Choose lump sum, line of credit, or monthly payments
FHA insured with non-recourse protection
Reverse Mortgage Benefits
Eliminate Monthly Payment:
Save $2,000+/mo
Supplement Retirement:
Tax-Free Income
Pay Off Existing Mortgage:
Instant Relief
Fund Healthcare Needs:
Peace of Mind
*Borrower must maintain home and pay property charges
Paramus 55+ Communities & Senior Living
Discover the perfect community for your lifestyle with specialized financing options
The Preserve at Spring Valley
55+ Active Adult
Active
Homes: Condos from $450K
Amenities: Clubhouse, pool, fitness center
Dellwood Park
Senior Apartments
Active
Homes: Rentals from $2,200/mo
Amenities: Maintenance-free, shuttle service
Heritage at Paramus
Assisted Living
Active
Homes: Various care levels
Amenities: Full service, medical support
Garden State Condos
All Ages
Active
Homes: Condos from $350K
Amenities: Near shopping, low maintenance
Bridge Loans: Smooth Transition to Your Next Home
Buy Before Selling
Secure your new home without contingencies
Interest-Only Payments
Lower payments during transition period
Up to 12 Months
Plenty of time to sell at the right price
The Financial Benefits of Downsizing
Discover how downsizing can improve your financial position and quality of life
Lower Monthly Costs
Reduce mortgage, taxes, utilities, and maintenance expenses
Save $1,000-2,500/month
Tax Advantages
Capital gains exclusion up to $500K for married couples
Protect your profits
Simplified Living
Less space to maintain, more time for what matters
Gain 10+ hours/week
Equity Access
Convert home equity into retirement funds or investments
Unlock $200K-500K+
Ready to Explore Your Downsizing Options?
Get expert guidance on reverse mortgages, bridge loans, and downsizing strategies from Bergen County's senior lending specialists.
NMLS #1577754 | Equal Housing Lender | Licensed Reverse Mortgage Specialist