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7th Level Mortgage, LLC

in Reverse Mortgages

Unaffiliated Visit Site

7th Level Mortgage, LLC

Unaffiliated

in Reverse Mortgages

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Overview

Where does 7th Level Mortgage, LLC do business?

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.

What types of reverse mortgages does 7th Level Mortgage, LLC offer?

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.

What is the estimated funding time for a home loan via 7th Level Mortgage, LLC?

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.

What fees does 7th Level Mortgage, LLC charge for a reverse mortgage?

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.  

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Contact

Other Services by 7th Level Mortgage, LLC

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 5 states
  • Delaware
  • Florida
  • New Jersey
  • New York
  • Pennsylvania

Feature Breakdown

List of Fees
Counseling Fee
$75
Origination Fee ($)
Starting at $2,500
Dollar Amount
Property Value
Starting at
$75K
Minimum Age
62
Maximum LTV
75%
Integer
Funding Time Range (in days)
30 - 45
    1 60
Reverse Mortgage Payment Options
  • Monthly disbursement
  • Lump sum
Reverse Mortgage Options
  • Standard
Dollar Amount
Loan Amount
Starting at
$50K

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