Hi there

So i may have made an error in judgement when taking my housing loan.

My MRTT only covers 70% of the loan and the bank officer n an agent is trying to shill to me a separate life insurance to cover the balance.

I've already accepted the loan n the MRTT as is, already sign S&P n all.

The balance amount uninsured is about 200k.

The options now are

A) Take the life insurance which is one of those investment plans, so i can get up to 50k ish upon maturity if market is great n coverage amount doesn't reduce

B) Get an increase for the mrtt (is this even possible?)

C) Use the monthly payment to instead reduce principal and then use my ASB loan insurance (covers the full loan amount) to make up the difference.

Any advice?

Is that cheaper?