Better Value

We negotiate with the lenders to get you the best possible rate to make your property purchase more affordable.

Easy & Convenient

We help you compare a vast choice of finance products and loan types across lenders and deal with the banks on your behalf.

Ongoing Service

Shore Financial monitors your loan to ensure it always remains competitive even after settlement.

Buying your first home, building, upgrading, deciding to renovate, or investing? Whichever stage of life you’re at, we can find the right home loan for your needs and situation.

In order to borrow money to purchase property, you will need a deposit. Our mortgage brokers can help you determine what will act as your deposit. This could be cash and savings, equity from an existing property or securing a bank guarantee.

Once we know how much of a deposit you have available, we can better determine how much you need to borrow.

Our team has access to a range of mortgage products from over 25 home loan lenders, which enables us to find a product and rate that suits your individual circumstances.

Take a look at our online calculators. This will help give you an idea of the amount you may be able to borrow and what the likely repayments may be.

Once you have an idea of your borrowing needs, give us a call on 1300 416 700 or email us and we’ll continue the legwork for you and arrange a time to meet to present your mortgage financing options in detail.

With literally hundreds of home loans available, and new products emerging all the time, your Shore Financial home loan broker can help you find the mortgage finance that suits you. Whether you are looking for a new home loan lender or wanting to refinance, our team of mortgage specialists are ready to help with access to the lowest home loan rates from over 25 home loan lenders.

Variable Rate Home Loan

Variable rate loans mean that your interest rate will change if there is a change in market conditions and the Reserve Bank announces an increase or decrease to the official interest rate. A drop in interest rates may allow you to pay off your loan faster, but an increase in rates could mean that you find yourself having difficulty servicing your loan. It’s important to calculate repayments for several interest rate hikes to ensure you are still financially comfortable.

Fixed Rate Home Loan

If you want or need the certainty of knowing what your loan repayments will be for the foreseeable future, then a fixed rate loan might be right for you. Lenders offer varying fixed rate terms, like one year or five years, with the interest rate influenced by the amount of time you want to lock in the rate for. A downside of fixed rate loans can be penalties for early repayment and paying a higher rate should there be a significant drop in interest rates.

Split Rate Home Loan

A split rate loan combines the features of a variable and a fixed rate loan. As a borrower, you can choose to set a percentage, say 25-75%, of your loan at a variable interest rate, and fix the remaining portion for a few years. This option can help you strike a balance between certainty and flexibility. Your Shore Financial home loan broker can guide you through deciding what split would work best for your needs and goals.

Low Doc Home Loan

If you want or need the certainty of knowing what your loan repayments will be for the foreseeable future, then a fixed rate loan might be right for you. Lenders offer varying fixed rate terms, like one year or five years, with the interest rate influenced by the amount of time you want to lock in the rate for. A downside of fixed rate loans can be penalties for early repayment and paying a higher rate should there be a significant drop in interest rates.


Find out what’s involved in taking out a loan, from start to finish. Of course, once you engage Shore Financial, our experienced team of mortgage specialists are on hand to guide you through every step of this process so you can get approved for your new home loan sooner.

Assessing your financial situation

Firstly, we will meet with you to get a detailed understanding of your financial position to be able to assess and present the most appropriate and competitive options available to you. We search through hundreds of home loans to find one that’s most suitable and accommodating. By assessing your income, assets and liabilities, we calculate your borrowing power, work out repayments, provide an estimate of all costs and answer any questions you may have.

Arrange a pre-approved loan

If you haven’t started your property search, or are still looking, a pre-approval is essential to have in place prior to making any serious offers on a particular property. It gives you a clear picture of what your spending limits are and gives you peace of mind that if you find a property that you are really interested in, you can move quickly to make an offer. It may put you in a stronger negotiating position than other potential buyers who don’t have a pre-approval or are still waiting for confirmation from a bank.

Find your property

Make sure you do plenty of homework when you’re on the hunt for a new property. Research property prices in the area, potential capital growth and existing and planned infrastructure, such as roads, public transport, schools and shops. If you’re unfamiliar with property values in the area your Shore Financial broker can organise property reports before making a final decision. If you are uncomfortable or unfamiliar with the negotiating process, we can also put you in touch with an appropriate buyers’ agent.

Reviewing a contract of sale and making an offer

Whether you buy property at auction or make an offer on a property for sale, your agreement with the vendor only becomes a legal commitment when a contract of sale has been signed by both parties. This contract will confirm the selling price as well as any terms and conditions. Your commitment can be unconditional or sometimes including a cooling off period and subject to lender approval, a building or pest inspection report.

Ask your Shore Financial broker to introduce you to a solicitor or conveyancer to check the conditions of the contract of sale. The conveyancer/solicitor will also check all rates and taxes have been paid, check land use or building approvals for the property and order any relevant searches. They may also help sort out any inspections. On settlement day, the conveyancer will check the correct amount of money has been transferred from your lender to the seller and all fees – such as stamp duty – are paid, so you can take legal ownership of the property.

Pay a deposit and exchanging contracts of sale

A deposit is required once a contract of sale has been signed by both parties (this is sometimes called ‘exchanging contracts’). You won’t yet have access to your home loan, so your deposit will need to come from savings or elsewhere. You may also be able to arrange a deposit bond until settlement. The period from paying a deposit and signing a contract of sale to settlement, when the property becomes legally yours, is usually six weeks within New South Wales or 60-90 days in Victoria.

Formalising your loan

As new campaigns and offers are always being released, we will confirm that the bank in which we have organised your pre-approval with is still the most competitive and appropriate. Your Shore Financial broker will organise a bank valuation on the property that you are looking to purchase and will confirm it is a satisfactory security for the bank. At this stage, we will also confirm the structure of your loan with either fixed and/or variable portions as well as repayment terms to subsequently request a formal approval from the bank.

Mortgage documents

The bank will issue mortgage documentation which covers the exact terms and conditions of the loan agreement – including any upfront or ongoing fees as well as interest rates, repayment terms, loan term and offset accounts. The bank requires original signed documents usually at least seven days prior to settlement to process certification of the signed documentation.

Settlement and funding

The lender will advise your solicitor that the loan is ready for settlement and will liaise with the various counterparties to ensure settlement is scheduled. Your solicitor will advise of any funds required to complete the transaction two to three days prior to the settlement date and your Shore Financial broker can arrange for funds to be drawn out of a designated bank account.

Keeping in touch

The service doesn’t end when your loan settles. Your Shore Financial broker will stay in touch to make sure your home loan is the right solution for your needs now and in the future as well as making sure you maintain a competitive loan package. If needing additional funds later for a renovation, wedding or family holiday, your Shore Financial broker can assist with accessing some equity.

We can also assist with changing repayment terms, restructuring between fixed and variable or simply renegotiating a better interest rate. We encourage all our clients to keep in touch for any of their financial requirements. Whether you need a home loan, car loan, financial planning or insurance, we are here to help.

Most mortgage lenders require similar documentation to approve your home loan. This is a general checklist so some of the documents may not apply to you.

Checklist:

Personal Identification

  • 100 points of ID are required. A current passport or birth certificate = 70 points. Driver licence = 40 points. (Please note if these documents are in your maiden name, you will also need to provide a copy of your marriage certificate.)
  • Other documents that help build up 100 points include: a Medicare card, credit card, ATM/debit card, council rates notice, pensioner concession card, health care card, tertiary student ID card.

Income details

  • The two most recent payslips from your current employer. (Ideally these will show the company name, number of payslip and year-to-date income figure.)
  • The most recent Group Certificate from your employer.

If self-employed:

  • The last two year’s personal and business tax returns and ATO assessments.
  • Other income details.

You may also need:

  • Rental income statements or bank accounts showing rental income for any investment properties.
  • Proof of share dividends or interest earned.
  • Centrelink letter confirming family tax benefits.
  • Centrelink letter confirming permanent government pensions.
  • Private pension group certificate or statement.
  • Proof of any other regular, ongoing income.

Additional documents for mortgage refinancing

  • Documentation on your existing home loan including the date the loan commenced, loan period and any financial penalty payable if you exit the loan early.
  • Statements for the last six months for any existing home loans and personal loans.
  • The most recent council rates notice and building insurance policy on the property or properties being offered as security.
  • Credit cards
    • If you have credit card debt, statements for the last six months; or
    • If you don’t owe anything on your credit card, the most recent statement.
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