Homeowners in Maasin City are refinancing their home loans and saving thousands every year. Nook finds you the lowest available rate — 100% free.
YOUR ESTIMATED MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Maasin City is the capital of Southern Leyte — a growing coastal hub where property values have steadily risen alongside demand for residential loans. Many homeowners here originally secured their home loans through banks like BDO, BPI, or PNB at rates between 8% and 9.5%, locked in years ago when rates were higher. If your loan is more than two years old and your interest rate is above 7%, there is a very good chance you are overpaying every single month.
Refinancing means replacing your existing home loan with a new one at a lower interest rate — ideally without changing your monthly budget, but dramatically reducing how much of that payment goes to the bank versus building your equity. Through Nook, the best available refinance rate right now is 5.99% p.a. On a 3,000,000 peso loan with 20 years remaining, that difference can translate to nearly 4,000 pesos back in your pocket every month. That is money that stays in Southern Leyte, not in a bank's interest income.
Nook is the Philippines' first digital mortgage broker, and our service costs you nothing. We do the legwork of comparing offers from multiple banks on your behalf, handle the paperwork, and guide you through every step of the refinancing process. Whether your property is a house and lot near the city center or a residential unit closer to the coast, Nook can help you find a better rate and make the switch with as little friction as possible.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Yes. Major banks like BDO, BPI, Metrobank, and Security Bank all lend on properties outside Metro Manila, including in Southern Leyte. The key requirements are that your property has a clean title, a current appraisal, and that you meet the bank's income qualifications — your property's location in Maasin City does not disqualify you.
As a general guide, a remaining loan balance of at least 1,500,000 pesos makes refinancing financially worthwhile once you factor in processing fees and appraisal costs. For most Maasin City homeowners with a 3,000,000 peso or higher balance, the long-term savings from a lower rate far outweigh the one-time switching costs.
The refinancing process typically takes between 30 and 60 days from application to loan release, depending on the bank and how quickly documents are submitted. Nook helps keep this timeline as short as possible by guiding you on exact document requirements and coordinating with the lender on your behalf.
No. Nook's service is completely free for borrowers. Nook is compensated by the bank once your loan is successfully released, similar to how a real estate broker earns from the developer rather than the buyer. You get expert guidance and bank comparisons at zero cost to you.
The core documents typically required include a valid government ID, proof of income (payslips or ITR for employed borrowers, financial statements for self-employed), your existing loan statement of account, a copy of your Transfer Certificate of Title (TCT), and a recent tax declaration. Nook will give you a complete personalized checklist once you start your application.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →