WHY ARE YOUR LOAN APPLICATIONS REJECTED? | RENA CHOONG, FAR CAPITAL HEAD OF MORTAGE

[@vineshrajoo2805]

Thanks to Miss Rena and you for this great session. Learnt a lot of new things from this session. A lot of useful info and strategies.

[@iherng]

Yupe!! She's awesome!!

[@chongu]

I checked the membership fee for FAR CAPITAL - RM4,399 lifetime fee (RM2,000 for lite membership).

[@iherng]

Thanks for checking Chongu. No pressure in signing up yea. You can always check out my channel for free education:)

[@Vell42]

Haha, wonder why they specifically choose number "4.4" ( rounded up rm1 )

[@matteolai7804]

Ain’t the website say 6k & 1k respectively?

[@3jrockielu938]

Very nice, but the sound volume is quite low.

[@iherng]

Noted. Let me work on it for my next episode. Thanks for watching!!

[@yunglee4278]

Is The Troika a good buy now? Tons of unit is up for sale. I understand the rental market is bad and expats are away, but the price is relatively attractive.

[@dineshk30]

Great episode! Learn quite abit of new things , thanks for initiating this new series Sean! Rena just dropped a tonne of knowledge !!

[@iherng]

Glad you enjoyed it Dinesh. Yes, it took me a lot of effort to get her in actually hahaha. Thanks for watching!!

[@h0shii1]

I’ve only worked 3 months for a property developer, and I am really surprised by how much stuff I know about what Rina was saying

[@iherng]

That's great to hear hoshii!! Thanks for sharing=)

[@ListairChong]

Thanks for creating this episode Sean!! your content really a gold mine! i love what you said about how having to collect and research all the data and information is such a huge hassle. People these days want everything to be simple, fast easy to follow and understand. FarCap done that! props to them! really power!!! you bring out this message to everyone, share your thoughts and educating people to have the right mindset to invest in real estate is really the best thing that anyone could ask for. Thanks again Sean! keep creating great contents!

[@iherng]

Thanks for watching Alistair!! Hope you find them useful:)

[@matteolai7804]

Rena I’m from Sarawak… and I’m still available 😂😂😂. Thanks for the info Rena & Sean. I’ve just booked some units and I’m honestly telling myself I probably need to sit with her before I submit loan. Ouch… is it too late?

[@santisisma83]

One more thing i learned when i brought a property recently. while applying a loan, there is one particular bank will ask how long you have been working in a company. And I just joined this company less than 6 months. They rejected my loan (im earning 5 digits), just because i didn't got confirmation letter from the company yet. But other banks is OK and approved my loan application, since i never delay my loan payments for my cars and other houses.

[@iherng]

Appreciate the sharing Santis! Thank you so much=) It will be helpful for those new purchasers!!

[@christopherchong592]

I attended the FAR cap preview but still contemplating whether to join or not. i got many questions but dont know who to ask. they also never follow up. so i just leave it as it is.

[@iherng]

Erm, was it at the live conversation? Or you left a note? Prompt reply is not really their strongest point haha. Appreciate the feedback.

[@christopherchong592]

@@iherng i mean i went to their live webminar that you recommend. runs on sunday. i did not manage to ask my question because there is so much question being ask. after the webminar i did not sign up Far Cap. 1st i dont know those bulk deals they are offering, is it as it is price as in they bulk the good price we also get the good price discount or they charge extra like Seeker fee etc those market charging like RM 5k to RM 7k per bulk project you buy. also what kind of property data do we get, those research data that they provide to us as client for us to choose or decide. i have personally drop a message at their website. i also call their office but no one pick up. so far dropping the note to their website also havent got any reply yet. so i no idea. i just leave it as it is.

[@melanielawrence4320]

Love this video, learnt a lot from Ms Rena.. Thank you!

[@iherng]

Glad it was helpful Melanie!! She's incredibly knowledgeable =)

[@shyanhau92]

Great series Sean!! I have learnt a lot from this...

[@iherng]

Glad you enjoyed it Shyan=) Thanks for watching!!

[@stevenwong7667]

If not mistaken IHC corporate tax rate has changed to 24% (previously first rm500k@17%, exceed than 24%) effective from 2020

[@iherng]

Owh really? Thanks for the information. It's just so challenging to be updated hahaha. I really appreciate it Steven!

[@ocdtv6594]

My first time here! Just subscribed to your channel. So much information! Thank you so much!

[@iherng]

Thanks for watching OCD!!

[@cky4313]

I not sure bank can check LPPSA record? As I know LPPSA is not link to the bank loan, we can get two 90% from bank and one 100% from LPPSA, regardless the sequence right. LPPSA always 4%, and some other benefits such as up to 18 months zero interest during construction period. But the cons is high insurances fees, LPPSA need to get full amount and full length cover, not like the commercial loan more flexible.

[@yamtze]

Sounds like an interesting job scope to venture into, do they accept job application instead of loan application?

[@iherng]

Of course hahaha!! Do check with them directly yea:)

[@renachoong6304]

Hi Kah Seng, you may drop me your CV to [e-mail] if interested :)

[@AFMEGAT]

Good sharing guys.. Any full time stock trader here? I am always having problem getting loans because no payslip for 3-4years already.

[@iherng]

May I suggest to speak to a tax consultant? Because without an income statement or tax statement it's pretty challenging to get financing support from banks.

[@AFMEGAT]

@@iherng Thats a good advice, Sean. Will look for one.

[@NlesCtrl]

Thanks for the new series, learnt a lot. Watched almost 80% of your videos on more. I think you can consider adding pop filter for your mic.

[@iherng]

Cool, thanks Yen Wei!!

[@soneric913]

time to embark on the property investment journey and become 收租佬

[@adamleewh]

Hi Sean, just some feedback, I think Rena's audio is very soft in comparison to yours, making it quite hard to listen to. Maybe this can be improved in future episodes!

[@iherng]

Noted. It's because not everyone is familiar in speaking into the mic, not like me doing this everyday hahaha. Appreciate the suggestion Wai Hoe. As always, thanks for watching!

[@adamleewh]

@@iherng no worries. I am listening to this on Spotify and found it hard to focus when she is speaking haha. That’s why I just commented.

[@khyap4108]

I love this! Thanks for the great content Sean!! 🙏

[@iherng]

Glad you enjoyed it Kah Hei!!

[@jbenz2681]

Super Nice vlog Sean Tan *1st time I watched it w/o skip. Huhuu Keep it up bro!

[@iherng]

Glad you enjoyed it Benz=)

[@guardian7keys]

is she what we call a mortgage broker, a person who checks loans from different banks and advice best rates to the buyer?

[@iherng]

Nope she's not. Her team helps members of Far Capital qualify for loans. Also advicing us which loan package is the best in the market. Hope that explains:)

[@anneidris266]

Wahh my boss in youtube now !

[@iherng]

She was awesome!!

[@HousMalaysia]

Nice series Sean !

[@iherng]

Thanks for watching Hous. I really appreciate it!!

[@MrKenz6900]

decided to subscribe to your channel until this video! Keep it up!

[@iherng]

Awesome! Thank you so much=)

[@edwynmoses1909]

Thank you. I learn alot from u guys. Appreciate it!!!!

[@InfraKai]

Damn , this one is insightful 👍👍

[@iherng]

Right?? She's amazing!!

[@jbenz2681]

@@iherng 100% Huhuu.. But u r amazinggg too :) Keep it up bro!

[@cikong826]

The burning question starts at 37:51

[@iherng]

Thanks for time stamping!! Hahaha=)

[@aaaada]

Wow Thank you for this video and it's content!!

[@jjandrooney]

Is it safe to say.. although she owns 3 under construction properties, she has yet to realise the "dream" of having the rental income covering her instalments? she has a massive exposure IMO. Hopefully it all pans out.. but.. she is over exposing herself right? imagine if 3 of her properties are unable to be rented out. She's going BIG or go Home. Not recommended for new buyers. Unless, her entry price is really mind-blowingly below market

[@iherng]

Yupe. Her entry price for all 3 are way below market value. Just that we are not allowed to disclose the details as we signed NDAs. Thanks for sharing your thoughts yea:)

[@jjandrooney]

@@iherng 20% 30%? If so I'll join the program hahah

[@tehgemkiat8589]

Hi iherng, do we have something similar to Far Capital for properties in JB?

[@renachoong6304]

Hi Teh- we do have inventory in Kl,Selangor,and JB to choose. The benefit starting from education to post VP is applicable to everyone as long as u are client, no matter where the property at :)

[@davidchin7721]

@@renachoong6304 how about Sarawak? Thanks

[@NaqibMohamad]

i am now your new fans after going through your podcast and your video! keep educating bro!

[@iherng]

Thanks for watching Naqib!!

[@urbanirrigation]

Amazing valuable information

[@iherng]

Glad you liked it!!

[@mohdsaid211]

property investment is so interesting.. how early can you start once you get a job?

[@aaaada]

Some told me when your net income is 3.5k but I guess it depends on individual too, if you have a solid strategy and you have mentors or a service like in the video, you might be able to start earlier huhu

[@MsCal81]

🔥🔥🔥Ms Rena. Great content.

[@iherng]

Thank you so much for watching Farah!!

[@michaelbyz23]

Watching this while driving to work.

[@iherng]

Drive safe man!! Thanks for watching 😁

[@sanbrons]

Love this! Very informative!

[@iherng]

Glad you enjoyed it Sanbron!!

[@emr8219]

Good content, great job!

[@iherng]

Glad you liked it Vince=)

[@anap7268]

51:10 good advice!

[@iherng]

Thanks for watching AN AP!!

[@huuhaaNightz]

Nice watch

[@iherng]

Requirement to match knowledgeable guest haha!!

[@danialfitri5704]

Cool! So we are clients of the same company.

[@iherng]

Owh really?? yea!!

[@teefirdaus]

Superb content ! 🔥

[@iherng]

Thanks for watching firdaus!!

[@Devin69695]

woww 3 years ago

[@leejunsheng3256]

Very nice video Sean.

[@iherng]

Glad you enjoyed it Jun Sheng=)

[@skleo7765]

This video is proudly brought to you by....... Starbucks!

[@iherng]

How I wish hahahahahahaha!! Thanks for watching Leo:)

[@morepewpewlessqq4720]

Good and very informative video. Actually what does Far Capital do other than to educate? Just hope that,with current economy where people are saving,it is becoming a liability to banks to have so much of cash in their reserves. With low interest rate,and government pushing for more HOC programs,I do hope that Banks will be more stringent to scan and select those who are genuinely qualified to secure a loan. We wouldn’t want the calamity of 2007-2008 to come to our shore. Cheers and stay safe,peeps!

[@renachoong6304]

Hi, HOC the main reason is to encourage increase home ownership among Malaysians,but when it comes to financing given by bank it is still very hard to get approval esp during this pandemic . In fact lot new policy set by the banks now during this time.

[@morepewpewlessqq4720]

@@renachoong6304 yes exactly,and they are going to extend until end of this year...all these are the same precursors to the bubble in 2007-2008 over yonder,where banks just give out loans like nothing to earn more bucks from consumers..hopefully the calamity do not repeat here

[@fixalover]

Great content... Done Subscribe

[@iherng]

Thank you so much=)

[@tlc4229]

nice content bro, except for the audio maybe hire a man just to fine tune the audio for you, it will make it a lot better, keep up the good works💪

[@iherng]

Hahaha. Let me see what I can do=)

[@bernardtan5691]

@@iherng I think the audio is fine from the microphones, just that you probably need to get a couple pop filters (one for each mic), just to avoid the popping sounds when you speak those consonants like t p k and sorts.

[@hmkhor6252]

Too many advertisements bro

[@iherng]

You mean from KZbin side or my podcast?

[@nabilahkarim7609]

@@iherng KZbin

[@iherng]

Owh.. noted. I've actually adjusted. Thanks for letting me know Nabilah. I'll go check again:)

[@fairusrashid9721]

Rena 🔥🔥

[@iherng]

Thanks for watching Fairus!! I really appreciate it=)

[@085051]

My first property starts at 37:00 haha anyway good contents

[@KcYeN3594]

why did u enrol into AKPK in the first place?

[@iherng]

I got into debt issues for one of my property. That's one of the reason I started the channel after making several mistakes. Thanks for watching 😁

[@ifeelhalfnaked484]

hi dad, lmao

[@flyingfox3766]

Thanks for the sharing, many of these things happening in the background we as buyers have no idea. Beauty with brains Miss Rena... still single also lol

[@iherng]

Yupe. Thanks for watching!!

[@jjc1564]

yes agreed she is beautiful

[@FunnyMEhaha]

thanks

[@iherng]

Thanks for watching Christopher!!

[@funtimesfrank1934]

single ah? Come, let's end that misery.

[@derekchong]

Nice watch haha

[@iherng]

Haha. Need to match the guest:)

[@soomiewleng5227]

im early

[@iherng]

Thanks Miew Leng=)

[@ceekay8550]

I am interested to be a part of FAR cap, thinking to use your referral code - can I pm you and ask u a few questions? appreciate it

[@905678100]

hi may i ask how do i sign up and look for more info on far cap? the website URL www.farcapital.com.my/ I found seems not able to access somehow. thanks. PS: thanks for this video and learned a lot from both you and Ms Rena. :)

[@iherng]

You can attend the preview via the link at the description CCC:) I would suggest to listen to that first before deciding whether to join yea!