This article explains how going through an application through Nook is way better than going directly to a bank.
Buying a house in the Philippines is a very tedious process. You must put in at least 20% down payment, prepare all the documents for submission, go to several different banks, and fill out different application forms... only to be informed a few months later that your home loan is not approved.
How can you make it easier?
In other countries like Australia, Canada and the US, mortgage brokers assist homebuyers in getting the best possible loan from major banks.
This practice is not widely used in the Philippines yet.
What does a Mortgage Broker do?
Mortgage brokers are financial experts who advises the client which bank they should apply to based on their income, age, and current financial standing.
Mortgage brokers provide an estimated computation of monthly payment to help clients in making decisions.
In the Philippines, Nook is the first mortgage brokerage firm accredited by banks. Our strong relationship with these banks allows us to secure the best interest rates for our clients.
Our job is to help our clients get the best offer from different banks, submit their documents, and get it approved.
Our clients just need to stay home, relax, and wait for a call.
So, if you want to get that home loan approved, talk to a Nook home loan consultant today. Here at Nook, we're making home loans simple.