Thomas Chew

Thomas takes pride in helping people with their financing needs. Before joining Redbrick, he enjoyed a celebrated career in the local banking scene, acquiring numerous sales and service awards to his name. Many years on in banking, Thomas takes his experience and now specializes in mortgage advisory. Exuding confidence in his work, he believes that every client should be prepared to be wowed by his award winning service.

Bank Loan Or HDB Loan – Which Is Better For You?

HDB Loan vs. Bank Loan: A Definitive Guide for Singaporean Homebuyers When buying an HDB flat in Singapore, the decision between an HDB loan and a bank loan is one of the most critical you’ll make. It’s not just about interest rates; it’s about your financial personality, risk appetite, and long-term goals. This guide breaks down everything you need to know, from the latest interest rates to eligibility criteria and the key differences that will impact your life for decades

Thomas Chew August 20, 2025

Top 5 Refinancing Traps to Avoid When Switching Home Loans in Singapore

Refinancing your home loan can significantly impact your finances, helping you save thousands on interest payments and better manage your cash flow. However, similar to any financial decision, it carries its own set of risks. Numerous homeowners in Singapore inadvertently get caught in typical pitfalls during refinancing, transforming a potentially money-saving decision into an expensive blunder. Here’s a closer look at the top five traps to steer clear of when refinancing your home loan. 1. Not Comparing All Available Options

Thomas Chew June 25, 2025

10 Mistakes You’ll Make (And Must Avoid) When Decoupling

Since April 2016, married couples who own a HDB flat are not allowed to decouple. Currently, the Additional Buyer’s Stamp Duty (ABSD) of 20% is imposed on secondary home purchases for Singaporean Citizens. However, this does not apply in the case of an essential occupier. Since essential occupiers are not considered homeowners, after they complete the Mandatory Occupation Period (MOP), they would be considered first-time property owners when purchasing a private property. The title of essential occupier also entitles one

Thomas Chew December 26, 2024

7 Secret Bank Policies Revealed

The considerations for loan approvals are often limited to the regulations / bank policies that you are already aware of, like fulfilling the debt servicing ratio. However, you may not always be able to borrow at your desired loan-to-value (LTV) ratio, putting a greater obstacle in the way of achieving your dream property. As prospective homeowners, how can you strive towards achieving higher loan approval rates? Let us first recap some factors that would affect the approval of a mortgage

Thomas Chew June 26, 2024

Bridging Loans 101: Your Simple Guide to Temporary Home Financing

Selling a home is not a quick and easy task. Realistically speaking, it can take approximately four months or more to do so. So what happens if you find your dream home at a reasonable price, but are unable to complete the sale of your existing property in time? Here’s where bridging loans help! In this article, we’ll take you through the process of getting a bridge loan, as well as answer some of your most asked questions. What are

Thomas Chew February 14, 2024

How To Be A Smart Home Buyer in Singapore

Purchasing a home is a monumental step that goes beyond acquiring a physical space; it’s an investment that influences one’s financial stability and lifestyle. Aspiring homeowners in Singapore need to recognize the magnitude of this decision and the commitment it entails. Beyond the joy of having a place to call your own, to be a smart home buyer demands careful consideration, strategic planning, and a keen understanding of the real estate landscape in the city-state. Thomas Chew is an associate

Thomas Chew December 26, 2023

Utilizing Mortgage Loan Calculators for Real Estate Planning

When it comes to real estate planning and property investments, having access to accurate financial information is crucial. This is where mortgage loan calculators come into play. These handy online tools provide invaluable assistance in estimating mortgage payments, understanding affordability, and planning for future expenses. In this article, we will explore the benefits of utilizing mortgage loan calculators for real estate planning. Whether you’re a first-time homebuyer or a seasoned investor, harnessing the power of mortgage loan calculators can be

Thomas Chew December 21, 2023

Should You Use CPF To Pay Off Your Home Loan?

What is CPF & what can it be used for? If you don’t know yet, 20% of the gross income of all Singaporeans and PRs below 55 years old is directed into their CPF account. CPF acts as a social security net and offers a savings account for your mortgage repayments. You will have 3 accounts (eventually 4 accounts) Your CPF Ordinary Account (OA) is aimed to help you achieve homeownership. It can be used for Special Account is created

Thomas Chew November 1, 2023

Buying your HDB Resale Flat: What is Cash Over Valuation?

With the current hot property market, the transacted prices of many resale HDBs have become higher than their valuation. This has led to rising Cash Over Valuation (COV). If you are keen to purchase a resale HDB flat with limited funds in the bank, COV is a key item you should keep a lookout for. What Is Cash Over Valuation (COV)? As the name suggests , Cash Over Valuation (COV) refers to the difference between your property price and valuation

Thomas Chew December 28, 2022

How To Spot A Good Property And Finance It With The Lowest Interest Rate In Singapore

With numerous sales launches upcoming for both HDBs and private properties, it can be a challenge when finding the right property for investment or personal stay. Are you able to spot a good property when you see it? Are you thinking of just going with the lowest interest rate in Singapore without considering the necessary factors? Thomas Chew is an associate director at Redbrick Mortgage Advisory. He has a wealth of experience in the real estate sector and multitude of

Thomas Chew June 29, 2022