1st of all, you need to calculate if you have enough to repay both the bank loan and the insurance company when you are still alive. The problem will kicks in when you don't have enough.

I have friends that got greedy after learning from these type of gurus and do loan compression. Now after 3 years, the cashout has been depleted and they are in deep trouble with cash. Some of them even having problem renting it out (remember we are in rental market now, so tenant has the last say on the rental price not the owner), some keep on calling to borrow cash. The main issue here is greed.

So, if you ask me, calculate your worst case scenario before playing this game. Ask yourself, worst case, if i can't rent it out can i still pay (loan + MRTA/MLTA) with my current salary. If you can't or if you think you will struggle then better don't do it

This post has been edited by lrm8888: Mar 22 2019, 06:04 PM