One of the easiest home loans to apply for is refinancing. That's why we encourage our affiliates is to find people who may need it.
Ano nga ba ang Refinancing?
Home Loan refinancing is the process of taking up a new loan to pay off an existing loan with another bank. Borrowers usually refinance to get lower interest rates or reduce their monthly payment.
The two main reasons that homeowners refinance their mortgages are to lower their monthly payment or to shorten their term length.
For example: Homeowners who finance their home purchase with Bank A can refinance with Bank B once their fixing period is over. This means that they can avail a lower interest rate from Bank B.
Similarly, many borrowers make the switch to pay down their mortgages quicker. If the cash is available to make a bigger payment each month, a shorter term can save a lot of money on interest rates. For borrowers struggling to pay off their loans, refinancing can also be used to get a longer term loan with lower monthly payments.
Bakit mas madali para sa ating mga affiliates na makakuha ng mga clients na kailangan ng home loan?
We know that after the fixing period, their interest rates go up by at least 2%. Pag sinabi mo sa kanila na makakakuha sila ng mas mababang interest rates sa refinancing, for sure, they would say "yes".
Kung naghahanap sila ng extra cash, combining equity + refinancing loan would really work for them. They can use that extra money for any purpose. If you also tell them that we can give them Vouchers from Shopee, Extreme Appliances, Smeg Philippines and more, who can say "no" to that?
If you know homeowners who are still paying for their house, let them know that you can help. Nook will give you commission once their refinancing loan gets approved and released. Good luck!🎉