Redeem mortgage loan or let it be in Covid era?

[kitchen]

Given the uncertainties of catching coronavirus and die from it, I think it's better not to redeem mortgage loan given that the mortgage insurance will pay out if I catch coronavirus and die.

Is it correct?

 

[syed putra]

Covid did not exist when you bought the insurance,

 

[LordElrond]

Given the uncertainties of catching coronavirus and die from it, I think it's better not to redeem mortgage loan given that the mortgage insurance will pay out if I catch coronavirus and die.

Is it correct?

You will not die of Covid that easily though. If you are paying anything more than 1.5% pls make sure you refinance.

 

[Chase]

You will not die of Covid that easily though. If you are paying anything more than 1.5% pls make sure you refinance.

1.5%pa can lock in fixed for 5 years.

 

[LordElrond]

1.5%pa can lock in fixed for 5 years.

That’s why no reason to redeem mortgage

 

[Balls2U]

Given the uncertainties of catching coronavirus and die from it, I think it's better not to redeem mortgage loan given that the mortgage insurance will pay out if I catch coronavirus and die.

Is it correct?

How many booster shots have you taken? The chances of you dying from vax is far higher than you dying from the virus.