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Housing loans made easier for OFWs

Housing loans made easier for OFWs

Nook Admin – June 15, 2020

Overseas Filipino Workers (OFWs) can soon apply for a housing loan and pay amortizations through a seamless online process with online mortgage broker Nook and property development solutions provider AQwire.

The recent partnership between the fintech and proptech companies aims to pave the way for more housing investments in the Philippines by OFWs. Under this collaboration, OFWs can obtain and complete a home loan process application and secure a trusted payment process despite being away from the Philippines. Through Nook, OFWs can find the right housing loan and submit documents online for the approval of a major local bank.

“We realized that there is indeed a sizeable number of Filipinos who would pursue their dreams of buying a house if the process were simpler and online. This partnership with AQwire allows us to serve the large OFW market by bringing them a complete integrated solution to their housing needs,” Nook Chief Executive Officer Chris Elder said.