Eco Financial Inc. is a Colorado-based company that offers mortgage loans and financing options to individuals looking for financial stability. We work with clients to help them buy a home, build a home, lower their monthly payments, shorten the duration of their loan, consolidate debt, repair their property, and many other lending choices that rely on real estate for loan security.
Here at Eco Financial Inc., we try to help people of all age groups. This means people who have retired and do not have an active income stream. We help them acquire a shelter through Reverse Mortgage. Retirement is the culmination of a lifetime of hard labor. It's time to start making this phase the best it can be, which involves looking into all your funding alternatives.
A reverse mortgage allows you to borrow against the equity in your home, which means that instead of paying down your loan, you can receive monthly payments from the value of your home. This is where we come in and make the process quick and convenient for you.
Reverse mortgages were designed with senior homeowners in mind. With our expertise and experience, we help them take advantage of the equity they have built up over the years in their houses.
So, how does it work?
With a reverse mortgage, you borrow against the equity you’ve built up in your home and don’t have to pay it back as long as you live in it as your primary residence, keep it in excellent repair, and pay your property taxes and insurance.
To obtain this loan:
You must be 62 years or older
You may only reverse a mortgage on your primary residence
You must attend counseling via the Department of Housing and Urban Development (HUD)