Nook | We're Making Loans Simple

Login
  • Your Loans

    Choose the best loan type you can have for your needs.

    Know which type of housing loan you need to manage your finances.

    Need to buy something? Continue studying? Or going somewhere else?

    Other Links

    Get Pre-Qualified

    Find out if you qualify for a loan in just 3 minutes.

    Mortgage Brokering

    We help you with your loan transaction at no cost to you.

    Book Consultation Call

    Get expert advices from our loan consultants for free.

    Loan Calculators

    Check your financial capacity now.

  • Partners

    Join the many who made the best decision in providing their clients with the best home loan journey available in the country.

    Banking Partners

    Some of the biggest banks in the Philippines with the goal of making home loans simple.

    Retail Partners

    Get discounts and exclusive deals during your home loan journey from these retail shops.

    Affiliate Program

    Refer your friends and family to become an affiliate and receive commission plus discounts for every successful referrals.

    Nook Home Loans - Affiliate Army
  • Latest News

    Featured Posts

    Fair Financing For Every Filipino Through Nook

    Recent Posts

  • About

    Know more about the Philippines' first mortgage broker, how we do it and why only we can do it.

    Nook App

    Transact more faster with your Nook loan consultant on our app.

    Our Process

    Processing your loan application can be done with our four simple steps.

    About Us

    Why we are the first and the only mortgage broker in the country.

    Careers

    Join the Mortgage Brokering Industry Pioneer, Nook.

    Contact Us

    Chat to us now from our website and talk to a Live Agent.

    Help Center

    Tutorials and How-to guides when using Nook's technology.

Home Loan Refinance

We’ll break down the pros and cons of refinancing you home loan and help you determine whether this is the best option for you. right now.

Home Loan Refinance

We’ll break down the pros and cons of refinancing and help you determine whether this is the best option for you.

What is Refinancing?

Besides allowing borrowers to purchase or construct their dream home, there are also a variety of uses for a home loan that you may not be aware of.

One example of this would be refinancing. Refinancing refers to the process of replacing your existing loan with a new one

A home loan refinance typically gives the borrower a lower interest rate, a shorter loan term and maybe even some extra cash in their pocket.

What is Refinancing?

Besides allowing borrowers to purchase or construct their dream home, there are also a variety of uses for a home loan that you may not be aware of.

One example of this would be refinancing. Refinancing refers to the process of replacing your existing loan with a new one

A home loan refinance typically gives the borrower a lower interest rate, a shorter loan term and maybe even some extra cash in their pocket.

SUPER SIMPLE

How to Refinance a Housing Loan

Here are seven (7) steps to succeed with a housing loan refinancing process.

Decide on Your Purpose of Refinance
Do you want a lower housing loan interest rate? Can you afford a higher monthly repayment amount and shorter housing loan term? Are you ready to borrow from your home equity?
1
Assess Your Financial Health
Every bank will assess your ‘credit score’. You can find out your credit score online through various website services.
2
Assess Your Budget
Budget enough cash reserves to cover your refinance costs, which can range from 2% to 3% of your loan amount. (But speak with a Nook expert about which banks will include the switching costs in the loanable amount so you have no out of pocket expenses).
3
Approximate Your Home’s Value
Check out the websites of Nook’s partners - Lamudi and Carousell - to get a feel for the prices of other similar properties in your area. If your property has increased in value, you might be able to lend extra money to spend on personal items, a holiday, a car, or more.
4
Shop Around Carefully
Nook can help you understand the housing loan market and help you decide on which home loan refinance product suits your current situation best.
5
Lock in Your Housing Loan Rate
Once you have decided on your preferred bank, get Nook to lock in your housing loan interest rate for your desired period (eg. 1, 3 or 5 years).
6
Complete Your Refinance With Nook
Work with Nook to finalize your refinance, submit any paperwork via the Nook app and get ready to enjoy more financial freedom.
7
SUPER SIMPLE

How to Refinance a Housing Loan

Here are seven (7) steps to succeed with a housing loan refinancing process:

Decide on Your Purpose of Refinancing
Do you want a lower housing loan interest rate? Can you afford a higher monthly repayment amount and shorter housing loan term? Are you ready to borrow from your home equity?
1
Assess Your Financial Health
Every bank will assess your ‘credit score’. You can find out your credit score online through various website services.
2
Assess Your Budget
Budget enough cash reserves to cover your refinance costs, which can range from 2% to 3% of your loan amount. (But speak with a Nook expert about which banks will include the switching costs in the loanable amount so you have no out of pocket expenses).
3
Approximate Your Home’s Value
Check out the websites of Nook’s partners - Lamudi and Carousell - to get a feel for the prices of other similar properties in your area. If your property has increased in value, you might be able to lend extra money to spend on personal items, a holiday, a car, or more.
4
Shop Around Carefully
Nook can help you understand the housing loan market and help you decide on which home loan product suits your current situation best.
5
Lock in Your Housing Loan Rate
Once you have decided on your preferred bank, get Nook to lock in your housing loan interest rate for your desired period (eg. 1, 3 or 5 years).
6
Complete Your Refinance With Nook
Work with Nook to finalize your refinance, submit any paperwork via the Nook app and get ready to enjoy more financial freedom.
7
THE NOOK WAY

How Can I Apply for Refinancing?

Borrowers can apply directly to the bank and endure the stressful process by themselves or ask Nook for help.

Refinancing still requires a lot of documents to be submitted to the bank. But with Nook, we’ll take care of the entire application process for you. Through Nook, you can skip the long lines at the bank and receive updates from our home loan experts virtually. Best of all, Nook’s services are completely free for all our clients.

When it comes to refinancing, it all boils down to whether this option can help you save more money and ease the burden of your monthly payments. Check whether you qualify for refinancing by clicking the button below.

THE NOOK WAY

How Can I Apply for Refinancing?

Borrowers can apply directly to the bank and endure the stressful process by themselves or ask Nook for help.

Refinancing still requires a lot of documents to be submitted to the bank. But with Nook, we’ll take care of the entire application process for you. Through Nook, you can skip the long lines at the bank and receive updates from our home loan experts virtually. Best of all, Nook’s services are completely free for all our clients.

When it comes to refinancing, it all boils down to whether this option can help you save more money and ease the burden of your monthly payments. When it comes to refinancing, it all boils down to whether this option can help you save more money and ease the burden of your monthly payments. Check whether you qualify for refinancing by clicking the button below.

What Are the Requirements for Refinancing?

While banks have their own set of unique requirements, in general, borrowers will be asked to submit the following documents:

These are the following:
Housing loan application form (completely filled out)
Government Issued IDs
Marriage Certificate (if married)
Income documents (Certificate of Employment, Income Tax Returns, etc. )
Get Nook to help you with all of the above plus more (for free).
Refinancing Requirements v2a

What Are the Requirements for Refinancing?

While banks have their own set of unique requirements, in general, borrowers will be asked to submit the following documents:

These are the following:
Housing loan application form (completely filled out)
Government Issued IDs
Marriage Certificate (if married)
Income documents (Certificate of Employment, Income Tax Returns, etc. )
Get Nook to help you with all of the above plus more (for free).
Refinancing Requirements v2a
PERFECT TIMING IS THE KEY

When Should You Wait Before Refinancing?

Refinancing your housing loan doesn’t always make sense in every situation. This is especially true if, for example, you plan to move within the next few years. Here are some common scenarios when refinancing may not be the best idea.

PERFECT TIMING IS THE KEY

When Should You Wait Before Refinancing?

Refinancing your housing loan doesn’t always make sense in every situation. This is especially true if, for example, you plan to move within the next few years. Here are some common scenarios when refinancing may not be the best idea.