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.
You don’t need to have excellent credit to buy a house, but remember that the better your credit score, the better rates you’ll be able to get. That said, your debt-to-income ratio is also important. If you make $50,000 a year but also hold $10,000 in debt, lenders are going to wonder why you’re looking to buy a home without paying it off, even if you have excellent credit. If you have consumer debt (such as credit cards and personal loans), try to pay them off (or down significantly) before you move forward.
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