hi guys.. i need some advice.
i just applied for asb loan of 150k for 15 years in february 2014. monthly rm1202.up to now, i have paid 5-6 months..

can i terminate my loan to make way for houseing loan?

my asb loan is from cimb...

thanx in advance!

BSN right ?

current lasb is 200k maybank 25yrs, now on 3rd year.. age less than 30.. so i should reapply mid of next January, take cimb 30 years? good plan?

you mean cimb only? or maybank only? or both?

so is there any 'special' rate offer by the banks since tis month is last to offer asb loans?

So I had a face-to-face discussion with my father about the OPM method and he disagreed. Somehow it's quite difficult to discuss financial matters with people way older than you because they assume that they're always right in the matter and they dislike conflicting opinions.  I don't mean any disrespect and I know they are wayyy experienced in this matter...but as always its frustrating. 

Anyway apparently from what I understood from the discussion was the biggest issue with OPM method is risk (plus the hassle of queueing up at the bank every month - but hey we've got internet banking these days...so that's a non-issue). I never dealt with loan termination procedures before and apparently as a newbie I was made to be scared with every possible imaginable bank bureaucratic nightmare (delays in getting ASB loan re-disbursed, delays in getting back insurance premium, low principal to interest ratio in the early years of payment - low amortization).

But my father did agree with leaving the dividends alone though and using my salary to pay the monthly installments.

In addition I'm also being told the risks of getting laid off and not being able to commit to monthly payments when out of job - but I guess that topic would belong to another thread.

Now I'm having a frustrating dilemma of security vs maximizing gains. 

EDIT: This maybe a bit out of topic...but I wonder if ASB dividends can catch up with annual inflation rates?