Tuesday, October 29, 2013

7th Level Mortgage Selected as TOP VETERAN OWNED COMPANY by Philadelphia Business Journal


 



  From the desk of  Anthony Piccone
7th Level Mortgage receives Prestigious award.
Cherry Hill, NJ (PR Newswire) October 29, 2013-- Announcing a special recognition appearing in the October, 2013 issue of Philadelphia Business Journal published by American City Business Journals. 7th Level Mortgage LLC was selected for the following honor:
"Top Veteran-Owned Businesses"
A spokesperson from 7th Level Mortgage LLC commented on the recognition: "This is quite an honor for us. The fact that Philadelphia Business Journal included 7th Level Mortgage LLC in its selection of "Top Veteran-Owned Businesses," signals that our constant efforts towards business excellence are paying off. We are proud to be included in this recognition."
 
VA Home Loan Benefits
Most VA Home Loans are handled entirely by private lenders or brokers such as 7th Level Mortgage. The Veterans Administration itself rarely if ever gets involved in the loan approval process. However, the VA "stands behind" the loan by guaranteeing a portion of it. If something goes wrong and you can't make the payments anymore, the lending institution can go to the VA to cover any losses they might incur. The VA loan guaranty is the "insurance" that is provided to the mortgage company.

Because the VA is providing insurance on the loan there are a great deal of advantages given to veterans when using their VA benefits.
Generally speaking almost all active duty and honorably discharged service members are eligible for a VA Home Loan.
You May Be Eligible If Any One of the Following are True:

 • Served 181 days during peacetime (Active Duty)

 • Served 90 days during war time (Active Duty)

 • Served 6 years in the Reserves or National Guard

 • You are the spouse of a service member who was killed in the line of duty.
If you can say "Yes" to any of one these statements, congratulations, you may be eligible for a VA Loan!
 
For more information or to receive more information, please CLICK HERE.
Licensed Mortgage Broker NMLS #1003861
NJ, PA, DE, FL Department of Banking
 
856-322-0233
 
Mortgage Programs
USDA 100% No Money Down
USDA Rural Development home mortgage loans are specifically designed to help low to moderate income households purchase homes in USDA eligible rural areas. USDA loans can be used to purchase an existing home, build a new home from scratch, or make repairs or renovations to an existing USDA eligible rural property
 
HARP Eligibility Expands
HARP 3.0 is on its way however there are revisions being made to HARP 2.0.  If you previously tried to refinance and were turned down, you may qualify now!
 
Jumbo Portfolio Loans
Most Jumbo or Portfolio Loan programs will require a minimum of 25% down or a 75% Loan to value - We will go to 80%!.

Most Jumbo or Portfolio Loans on the market today require a minimum of 6-12 months assets in reserves - We only require 2 Months!

 
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