7th Level Mortgage, LLC is based in Cherry Hill, NJ. The company was founded in 2012 and offers reverse mortages in 5 states in the USA.
7th Level Mortgage, LLC allows borrowers to apply for the following types of reverse mortgage.
Lump sum. The borrower can access the entire amount immediately. However, you will need to pay interest on the entire amount regardless of whether you spend it.
Monthly disbursement. With this option, you get a monthly allowance. This is a good option if you need an additional source of income to cover your living expenses. It can be used in combination with a line of credit for additional flexibility.
7th Level Mortgage, LLC will typically provide a credit approval decision in less than an hour and fund the loan within 30 and 45 days.
7th Level Mortgage, LLC may charge a loan origination fee starting at $2500
There is also a one-time counseling fee of $75 to consider.
Be the first to write a review for this company!Write a Review