Hi, Maybank best rate still 4.15% right? Mrta compulsory? Thanks!

Hi experts,

I need your advice.

I have a property being rented out at the present moment. The monthly rent I collect goes towards paying my mortgage. On top of that, I transfer x amount of my monthly income to the loan account with hopes that it will reduce the interest and ultimately the principal loan.
I have insurance for my property - mlta which can be carried forward to another property. Some of the people I have shared this with feel that it’s not necessary to pay anything extra to my mortgage account as long as I continue to use the rent to pay my mortgage. And if anything happens to me, the remaining of my housing loan will be paid off by the insurance company. Whatever they say makes perfect sense to me which makes me think if it’s worth the effort to try to to settle my mortgage ASAP. Is it right to start saving the additional money I have been pumping into the mortgage account and think that the insurance company will settle my mortgage if anything ever happens to me before I pay off my mortgage? What’s the benefit of settling the mortgage on my own without thinking of the worst? Thanks for the input.

Hi. I am thinking of refinancing my property to have some cash for investment. I received a call from ringgitplus recently that standard chartered bank is offering zero entry cost but interest rate at 4.6%. Anyone knows other bank has better rate with zero entry cost for refinancing?