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W.16 | When is the best time to apply for a Home Loan?
W.16 | When is the best time to apply for a Home Loan?

With increasing interest rates and property appreciation, would buying a home now be a wise decision?

Tessa Arimado avatar
Written by Tessa Arimado
Updated over a week ago

Recent surveys show that a lot of millennials dream of buying their home but are hesitant. Over 60% of respondents expect mortgage rates to increase, and are concerned about job stability and escalating housing prices.

However, rent prices have also been increasing recently... and condos in Metro Manila ranks second highest in Southeast Asia. Waiting to buy a house until the economy improves is NOT really a good idea.

Is it a good time to buy a home? Take a look at your financials and the current housing prices in your area. If you have the money for a down payment and your estimated mortgage payment is the same or less than your monthly rent, buying now would be the best choice.

If you’re a real estate agent or know someone in the real estate industry, this is how you should be sharing about Nook services.

  • Nook helps identify whether you are ready and if a bank can give the loan.

  • You can access our Pre-Qualification page and talk to our Home Loan Consultants to get advice on the next steps.

As an affiliate, you only need to tell your friends that NOW is the best time to get a home loan! If you need materials to convince your friends and family, go to your Nook Affiliate Dashboard and click on "Assets".

Good luck!🎉

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