Hi,

Would like to get some opinion on choosing which bank homeloan.

If BR % + spread % = Effective homeloan %, eg.
A Bank = 4% + 0.5% = 4.5%
B Bank = 3.8% + 0.7% = 4.5%

I understand that BR% may fluctuate, but spread% is fixed throughout the lifetime of loan. If A and B bank all have same Effective home, which should you choose given that both effective rates are the same?

Thanks in advance...