Can't decide which home loan to choose from:

(a) (From Insurance company) home loan
Package1: 5.45% MRTA (zero cost)
Package1: 5.15% MRTA (non zero cost)

Package2: 5.29% life insurance (zero cost)
Package2: 4.99% life insurance (non zero cost)

(b) (From bank) home loan
BLR -1.5% (No MRTA or life insurance to buy).

Insurance company offer a low rate for peace of mind, but it require me to buy MRTA or life insurance. I'm not sure if this is cheaper in the long run. My friend said stick with bank loan, as the current BLR is 5.95% only, then refinance if BLR goes up after 4 years.

This post has been edited by starbucks_2008: Feb 20 2009, 10:28 AM