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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.

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

Are You Aware Of The Benefits Of Refinancing Your Home Loan In Singapore?

It is not common in the world of real estate that all of the stars align. It may sometimes be hard to match a good deal on a property with ideal refinancing and low interest rates. In this article, we discuss the reasons you may wish to refinance your property, how you can refinance and the benefits of doing so. Let’s dive in. Why you may wish to refinance your property In previous articles, we mentioned the characteristics of a

Thomas Chew May 11, 2022

10 Features You Must Know When You Take Up A Mortgage

We recently shared the 7 Secret Bank Policies that could increase your chances of obtaining an approval for your loan application. Today, we will explain more about the 10 mortgage features that are available in the market. On the surface, home loans can appear to be seemingly straightforward products – you take a loan for your property which you pay off over the stipulated tenure. However, home loans usually comprise of large quantum, which collectively pose significant risks to the

Thomas Chew December 23, 2021

7 Secret Bank Policies Revealed

The considerations for loan approvals are often limited to the regulations 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 application. Age is

Thomas Chew November 10, 2021

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

Thomas Chew, Associate Director at Redbrick Mortgage Advisory will demystify the topic of decoupling, especially for many of our readers who are seeking to maximise their wealth through real estate, the choice to decouple is often not a clear one. The essential goal of decoupling is to acquire multiple properties under the ownership of your household, without having to incur greater stamp duties. He will shed some light on this topic so that you can ask the right questions in

Thomas Chew October 6, 2021

How to avoid getting into trouble with the law when renting out your apartment

Facebook, the world’s most famous social media platform, creates zero content. Alibaba, the most profitable retailer, does not carry any inventory. Similarly, Airbnb is also part of this ongoing phenomenon – Airbnb, the world’s most renowned accommodation provider, owns no real assets. In this age of digitalization, profits lie in the interface. This has resulted in a huge shift in the tourism industry; gone are the days where people visit local travel agents to plan for their holidays. In this

Thomas Chew March 20, 2020

Freehold VS Leasehold Properties: An analysis

There have been many discussions out there about whether leasehold or freehold is a better option. However, is the lease of the property enough to determine whether or not it is a good property? To a certain extent, the lease status does play a part in it, but of course, there are many other factors that might affect your preference for a certain property as well. Common Misconception You would have heard of freehold and leasehold properties before, but there

Thomas Chew November 3, 2019

Predicting the property market’s performance with economic indicators

Wouldn’t it be great if you could predict future real estate prices? Or if you managed to sell your assets right before a stock market crash? Truth be told, a market crash does not happen overnight. It is actually a build-up of many factors, such as demand and supply, government measures and much more. It happens over months instead of hours. Being an illiquid asset, there is ample enough time to study and predict the rise and fall of prices.

Thomas Chew August 20, 2019

Battle of the hottest Floating Rates: Fixed Deposit vs SIBOR

When it comes to purchasing your own home, many homeowners will start to wonder which home loan package to take up. Well, if you are one of them, you are in luck because the following is a detailed analysis as well as some advice. But before we get down to the details, let us first understand the types of loans that are being offered in the market for home buyers. Types of home loan packages Fixed Deposit Home Loan The

Thomas Chew July 15, 2019