Florence at McKinley Hill owners are often locked into rates of 8% or higher — refinancing through Nook could drop your rate to as low as 5.99% p.a. and put thousands back in your pocket every month.
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Why this matters
The Florence is one of McKinley Hill's most sought-after residential towers — a premium address in Taguig that blends resort-style living with easy access to the BGC business district. But prestige comes with a price, and many Florence owners who took out a home loan three to five years ago are still paying interest rates of 8.5% or more. With the refinance rates now available through Nook as low as 5.99% p.a., there has never been a better time to review what your bank is actually charging you. If you are among the many condo owners still on an unrepriced loan, you could be leaving tens of thousands of pesos on the table every single year.
Refinancing a condo unit in a high-rise development like The Florence follows the same process as any standard home loan takeout, though it helps to work with someone who knows the nuances — including title requirements, condominium certificate of title (CCT) handling, and master deed compliance. Nook's digital platform connects you with multiple Philippine banks simultaneously, so you get competing offers without having to walk into a single branch. The entire service is completely free for borrowers; Nook is compensated by the bank that wins your loan. For context, owners at similar premium developments like Arya Residences in BGC have used Nook to successfully refinance and significantly reduce their monthly obligations.
The numbers speak for themselves. On a remaining loan balance of 3,000,000 over a 20-year term, moving from 8.50% to 5.99% could save you around 4,575 per month — that is over 54,900 annually and potentially more than 823,500 over the life of the loan. Whether you want to reduce your monthly cash outflow, shorten your loan term, or simply make your investment work harder, a refinance through Nook is worth exploring. Owners of other Megaworld developments in the area have already started making the switch — you can check out how Columns Legazpi Village owners in Makati are saving for another example of what refinancing can do for premium condo unit holders.
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, condominium units with a Condominium Certificate of Title (CCT) are eligible for refinancing with most major Philippine banks. The Florence is a well-known, titled development in Taguig, which makes it straightforward for banks to appraise and accept as collateral. Nook will help you identify which lenders are currently offering the best rates for units in this area.
Savings depend on your outstanding balance, remaining term, and the rate your current bank is charging you. On a 3,000,000 loan at 8.50%, switching to 5.99% p.a. over 20 years could save you roughly 4,575 per month. Even on smaller balances, the cumulative savings over the life of the loan are typically substantial.
Yes, completely free. Nook does not charge borrowers any brokerage or service fees at any stage of the process. Nook earns a referral fee from the bank that successfully funds your loan, which means your interests and Nook's interests are fully aligned — the goal is always to find you the lowest rate.
The typical refinancing timeline in the Philippines runs between 30 and 60 days from application to loan release, though this can vary depending on how quickly documents are submitted and how busy the bank's processing queue is. Nook's digital process helps streamline document submission and keeps you informed at every stage so there are no surprises.
You will generally need a copy of your Condominium Certificate of Title, the latest Statement of Account from your current lender, proof of income (payslips or ITR for employed borrowers, or financial statements for self-employed), and a valid government-issued ID. Nook will give you a personalised checklist once you start your application so you know exactly what to prepare.
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