u/NoMacaroon6586

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I am currently looking for a good home loan. I managed to get a quote from Security Bank and Bank of Commerce. BoC offer a much lower rate kaso natatakot ako na baka biglang laki ng taas after ng 5 years fixing term. Anyone here na may experience sa homeloan sa BoC? Below are the quotes:

Security Bank: 7.25%

Fixing Term: 5 years

After fixing term, average rate increase is 1%

Can pay directly to principal during loan anniv with 3k fee

Bank of Commerce: 6.75%

Fixing Term : 5years

Unknown average rate after fixing term

Can pay directly to principal anytime without fee

Any thoughts? Should I look for a much better offer?

I am currently looking for a good home loan. I managed to get a quote from Security Bank and Bank of Commerce. BoC offer a much lower rate kaso natatakot ako na baka biglang laki ng taas after ng 5 years fixing term. Anyone here na may experience sa homeloan sa BoC? Below are the quotes:

Security Bank: 7.25%

Fixing Term: 5 years

After fixing term, average rate increase is 1%

Can pay directly to principal during loan anniv with 3k fee

Bank of Commerce: 6.75%

Fixing Term : 5years

Unknown average rate after fixing term

Can pay directly to principal anytime without fee

Any thoughts? Should I look for a much better offer?