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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.

  • Maximum LTV
    75%
  • Minimum Age
    62
  • Property Value
    Starting at $75000
  • Counseling Fee
    $75
  • Origination Fee ($)
    Starting at $2500
  • Funding Time Range (in days)
    30 - 45
  • Reverse Mortgage Options
    • Standard
  • Reverse Mortgage Payment Options
    • Lump sum
    • Monthly disbursement
  • Loan Amount
    Starting at $50000
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