Just got a letter for revision of home loan interest rates (3.0 to 3.5%)
I'm thinking of doing a repricing.
But should I go for floating 0.75% + SIBOR rates (revised every 3months) (1yr locked in)
OR
1% + SIBOR rates (capped at 1.49% if SIBOR goes high) (locked in 3yrs)
Any suggestions?