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

  Рет қаралды 43,642

iherng

iherng

Күн бұрын

Пікірлер: 131
@vineshrajoo2805
@vineshrajoo2805 3 жыл бұрын
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
@iherng 3 жыл бұрын
Yupe!! She's awesome!!
@ListairChong
@ListairChong 2 жыл бұрын
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
@iherng 2 жыл бұрын
Thanks for watching Alistair!! Hope you find them useful:)
@dineshk30
@dineshk30 3 жыл бұрын
Great episode! Learn quite abit of new things , thanks for initiating this new series Sean! Rena just dropped a tonne of knowledge !!
@iherng
@iherng 3 жыл бұрын
Glad you enjoyed it Dinesh. Yes, it took me a lot of effort to get her in actually hahaha. Thanks for watching!!
@chongu
@chongu 3 жыл бұрын
I checked the membership fee for FAR CAPITAL - RM4,399 lifetime fee (RM2,000 for lite membership).
@iherng
@iherng 3 жыл бұрын
Thanks for checking Chongu. No pressure in signing up yea. You can always check out my channel for free education:)
@Vell42
@Vell42 3 жыл бұрын
Haha, wonder why they specifically choose number "4.4" ( rounded up rm1 )
@matteolai7804
@matteolai7804 4 ай бұрын
Ain’t the website say 6k & 1k respectively?
@melanielawrence4320
@melanielawrence4320 3 жыл бұрын
Love this video, learnt a lot from Ms Rena.. Thank you!
@iherng
@iherng 3 жыл бұрын
Glad it was helpful Melanie!! She's incredibly knowledgeable =)
@shyanhau92
@shyanhau92 3 жыл бұрын
Great series Sean!! I have learnt a lot from this...
@iherng
@iherng 3 жыл бұрын
Glad you enjoyed it Shyan=) Thanks for watching!!
@h0shii1
@h0shii1 2 жыл бұрын
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
@iherng 2 жыл бұрын
That's great to hear hoshii!! Thanks for sharing=)
@ocdtv6594
@ocdtv6594 3 жыл бұрын
My first time here! Just subscribed to your channel. So much information! Thank you so much!
@iherng
@iherng 3 жыл бұрын
Thanks for watching OCD!!
@3jrockielu938
@3jrockielu938 3 жыл бұрын
Very nice, but the sound volume is quite low.
@iherng
@iherng 3 жыл бұрын
Noted. Let me work on it for my next episode. Thanks for watching!!
@NlesCtrl
@NlesCtrl 3 жыл бұрын
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
@iherng 3 жыл бұрын
Cool, thanks Yen Wei!!
@anneidris266
@anneidris266 3 жыл бұрын
Wahh my boss in youtube now !
@iherng
@iherng 3 жыл бұрын
She was awesome!!
@yunglee4278
@yunglee4278 2 жыл бұрын
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.
@jbenz2681
@jbenz2681 3 жыл бұрын
Super Nice vlog Sean Tan *1st time I watched it w/o skip. Huhuu Keep it up bro!
@iherng
@iherng 3 жыл бұрын
Glad you enjoyed it Benz=)
@khyap4108
@khyap4108 3 жыл бұрын
I love this! Thanks for the great content Sean!! 🙏
@iherng
@iherng 3 жыл бұрын
Glad you enjoyed it Kah Hei!!
@stevenwong7667
@stevenwong7667 3 жыл бұрын
If not mistaken IHC corporate tax rate has changed to 24% (previously first rm500k@17%, exceed than 24%) effective from 2020
@iherng
@iherng 3 жыл бұрын
Owh really? Thanks for the information. It's just so challenging to be updated hahaha. I really appreciate it Steven!
@HousMalaysia
@HousMalaysia 3 жыл бұрын
Nice series Sean !
@iherng
@iherng 3 жыл бұрын
Thanks for watching Hous. I really appreciate it!!
@soneric913
@soneric913 3 жыл бұрын
time to embark on the property investment journey and become 收租佬
@MrKenz6900
@MrKenz6900 3 жыл бұрын
decided to subscribe to your channel until this video! Keep it up!
@iherng
@iherng 3 жыл бұрын
Awesome! Thank you so much=)
@InfraKai
@InfraKai 3 жыл бұрын
Damn , this one is insightful 👍👍
@iherng
@iherng 3 жыл бұрын
Right?? She's amazing!!
@jbenz2681
@jbenz2681 3 жыл бұрын
@@iherng 100% Huhuu.. But u r amazinggg too :) Keep it up bro!
@santisisma83
@santisisma83 3 жыл бұрын
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
@iherng 3 жыл бұрын
Appreciate the sharing Santis! Thank you so much=) It will be helpful for those new purchasers!!
@matteolai7804
@matteolai7804 4 ай бұрын
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?
@edwynmoses1909
@edwynmoses1909 3 жыл бұрын
Thank you. I learn alot from u guys. Appreciate it!!!!
@christopherchong592
@christopherchong592 3 жыл бұрын
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
@iherng 3 жыл бұрын
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
@christopherchong592 3 жыл бұрын
@@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.
@anap7268
@anap7268 3 жыл бұрын
51:10 good advice!
@iherng
@iherng 3 жыл бұрын
Thanks for watching AN AP!!
@MsCal81
@MsCal81 3 жыл бұрын
🔥🔥🔥Ms Rena. Great content.
@iherng
@iherng 3 жыл бұрын
Thank you so much for watching Farah!!
@aaaada
@aaaada 3 жыл бұрын
Wow Thank you for this video and it's content!!
@huuhaaNightz
@huuhaaNightz 3 жыл бұрын
Nice watch
@iherng
@iherng 3 жыл бұрын
Requirement to match knowledgeable guest haha!!
@teefirdaus
@teefirdaus 3 жыл бұрын
Superb content ! 🔥
@iherng
@iherng 3 жыл бұрын
Thanks for watching firdaus!!
@cikong826
@cikong826 3 жыл бұрын
The burning question starts at 37:51
@iherng
@iherng 3 жыл бұрын
Thanks for time stamping!! Hahaha=)
@cky4313
@cky4313 3 жыл бұрын
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.
@NaqibMohamad
@NaqibMohamad 3 жыл бұрын
i am now your new fans after going through your podcast and your video! keep educating bro!
@iherng
@iherng 3 жыл бұрын
Thanks for watching Naqib!!
@AFMEGAT
@AFMEGAT 3 жыл бұрын
Good sharing guys.. Any full time stock trader here? I am always having problem getting loans because no payslip for 3-4years already.
@iherng
@iherng 3 жыл бұрын
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
@AFMEGAT 3 жыл бұрын
@@iherng Thats a good advice, Sean. Will look for one.
@Devin69695
@Devin69695 2 ай бұрын
woww 3 years ago
@emr8219
@emr8219 3 жыл бұрын
Good content, great job!
@iherng
@iherng 3 жыл бұрын
Glad you liked it Vince=)
@yamtze
@yamtze 3 жыл бұрын
Sounds like an interesting job scope to venture into, do they accept job application instead of loan application?
@iherng
@iherng 3 жыл бұрын
Of course hahaha!! Do check with them directly yea:)
@renachoong6304
@renachoong6304 3 жыл бұрын
Hi Kah Seng, you may drop me your CV to rena@farcapital.com.my if interested :)
@guardian7keys
@guardian7keys 2 жыл бұрын
is she what we call a mortgage broker, a person who checks loans from different banks and advice best rates to the buyer?
@iherng
@iherng 2 жыл бұрын
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:)
@SanbronsTriumbrella
@SanbronsTriumbrella 3 жыл бұрын
Love this! Very informative!
@iherng
@iherng 3 жыл бұрын
Glad you enjoyed it Sanbron!!
@adamleewh
@adamleewh 3 жыл бұрын
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
@iherng 3 жыл бұрын
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
@adamleewh 3 жыл бұрын
@@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.
@urbanirrigation
@urbanirrigation Жыл бұрын
Amazing valuable information
@iherng
@iherng Жыл бұрын
Glad you liked it!!
@jjandrooney
@jjandrooney 3 жыл бұрын
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
@iherng 3 жыл бұрын
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
@jjandrooney 3 жыл бұрын
@@iherng 20% 30%? If so I'll join the program hahah
@michaelbyz23
@michaelbyz23 3 жыл бұрын
Watching this while driving to work.
@iherng
@iherng 3 жыл бұрын
Drive safe man!! Thanks for watching 😁
@leejunsheng3256
@leejunsheng3256 3 жыл бұрын
Very nice video Sean.
@iherng
@iherng 3 жыл бұрын
Glad you enjoyed it Jun Sheng=)
@fairusrashid9721
@fairusrashid9721 3 жыл бұрын
Rena 🔥🔥
@iherng
@iherng 3 жыл бұрын
Thanks for watching Fairus!! I really appreciate it=)
@fixalover
@fixalover 3 жыл бұрын
Great content... Done Subscribe
@iherng
@iherng 3 жыл бұрын
Thank you so much=)
@skleo7765
@skleo7765 2 жыл бұрын
This video is proudly brought to you by....... Starbucks!
@iherng
@iherng 2 жыл бұрын
How I wish hahahahahahaha!! Thanks for watching Leo:)
@tehgemkiat8589
@tehgemkiat8589 3 жыл бұрын
Hi iherng, do we have something similar to Far Capital for properties in JB?
@renachoong6304
@renachoong6304 3 жыл бұрын
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
@davidchin7721 3 жыл бұрын
@@renachoong6304 how about Sarawak? Thanks
@mohdsaid211
@mohdsaid211 3 жыл бұрын
property investment is so interesting.. how early can you start once you get a job?
@aaaada
@aaaada 3 жыл бұрын
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
@danialfitri5704
@danialfitri5704 3 жыл бұрын
Cool! So we are clients of the same company.
@iherng
@iherng 3 жыл бұрын
Owh really?? yea!!
@085051
@085051 Жыл бұрын
My first property starts at 37:00 haha anyway good contents
@morepewpewlessqq4720
@morepewpewlessqq4720 3 жыл бұрын
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
@renachoong6304 3 жыл бұрын
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
@morepewpewlessqq4720 3 жыл бұрын
@@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
@flyingfox3766
@flyingfox3766 3 жыл бұрын
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
@iherng 3 жыл бұрын
Yupe. Thanks for watching!!
@jjc1564
@jjc1564 3 жыл бұрын
yes agreed she is beautiful
@tlc4229
@tlc4229 3 жыл бұрын
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
@iherng 3 жыл бұрын
Hahaha. Let me see what I can do=)
@bernardtan5691
@bernardtan5691 3 жыл бұрын
@@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.
@FunnyMEhaha
@FunnyMEhaha 3 жыл бұрын
thanks
@iherng
@iherng 3 жыл бұрын
Thanks for watching Christopher!!
@hmkhor6252
@hmkhor6252 3 жыл бұрын
Too many advertisements bro
@iherng
@iherng 3 жыл бұрын
You mean from KZfaq side or my podcast?
@nabilahkarim7609
@nabilahkarim7609 3 жыл бұрын
@@iherng KZfaq
@iherng
@iherng 3 жыл бұрын
Owh.. noted. I've actually adjusted. Thanks for letting me know Nabilah. I'll go check again:)
@derekchong
@derekchong 3 жыл бұрын
Nice watch haha
@iherng
@iherng 3 жыл бұрын
Haha. Need to match the guest:)
@KcYeN3594
@KcYeN3594 3 жыл бұрын
why did u enrol into AKPK in the first place?
@iherng
@iherng 3 жыл бұрын
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
@ifeelhalfnaked484 3 жыл бұрын
hi dad, lmao
@funtimesfrank1934
@funtimesfrank1934 2 жыл бұрын
single ah? Come, let's end that misery.
@soomiewleng5227
@soomiewleng5227 3 жыл бұрын
im early
@iherng
@iherng 3 жыл бұрын
Thanks Miew Leng=)
@ceekay8550
@ceekay8550 2 жыл бұрын
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
@ifeelhalfnaked484
@ifeelhalfnaked484 3 жыл бұрын
If all clients knew this kind of service, our agents cannot cari makan already, boss bagi jalan lol
@iherng
@iherng 3 жыл бұрын
Well, we should always try to provide the best to our clients right?
@905678100
@905678100 3 жыл бұрын
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
@iherng 3 жыл бұрын
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!
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