Shern Advisory Mortgage Brokers: The Mortgage Broker Melbourne Trusts

A mortgage broker in Melbourne assesses your financial situation, compares loan products from multiple lenders, and manages the application process on your behalf. Unlike a bank, a broker has access to a wide panel of lenders including major banks, non-bank lenders, and specialist providers, which means more choice and often a better rate or loan structure for your unique needs. The service is free to you, as brokers are paid by the lender upon settlement. Not sure what type of mortgage suits you? Read our guide on what type of mortgage is best for a first-time buyer.

Shern Advisory Mortgage Brokers's mortgage broking service is free to borrowers. Most mortgage brokers are compensated with an upfront and trail commission paid by the lender, not the borrower. There are no upfront fees and no cost to you at any stage of the process. We are required by law to act in your best interests under the best interests duty framework regulated by ASIC.

Shern Advisory Mortgage Brokers has access to more than 40 banks and lenders, including the four major Australian banks, non-bank lenders, and specialist providers. This means we can compare a wide range of mortgage products and find the most competitive rates and loan structures for your situation, rather than being limited to one institution's offerings. Curious what that looks like in practice? Read our breakdown of how much you can borrow for a home loan in Australia.

Yes, a small deposit does not have to mean a dead end. Shern Advisory Mortgage Brokers specialises in low-deposit home loans and can advise on lenders mortgage insurance (LMI), LMI waiver options for eligible professions, and government schemes like the First Home Guarantee. If you have a deposit below 20%, we will assess your options across multiple lenders and identify the most suitable path to pre-approval and settlement. You can also learn more by reading our blog on how much deposit you need to buy a house.

A bank can only offer its own mortgage products at its own rates. A mortgage broker compares loan products from many different lenders simultaneously and negotiates on your behalf. Brokers are legally required to act in your best interests, not the lender's.

For most borrowers, using a broker results in a better loan structure, more competitive monthly repayments, and expert guidance throughout the lending process. See how the two stack up in our guide on mortgage broker vs bank.

Faster than most people expect. After your free assessment, Shern Advisory Mortgage Brokers typically provides a loan recommendation within 24 to 48 hours. Formal pre-approval can take between two and five business days depending on the lender. The full process from initial assessment to settlement varies by lender and property type, but your broker will provide clear timelines at each stage and manage all lender communication throughout.

The numbers speak for themselves: over 77% of Australian borrowers now use a mortgage broker rather than approaching a single bank directly. A Melbourne-based mortgage broker typically works with a broad lender panel of 40+ lenders, providing access to a wider range of loan options tailored to individual situations.

Key advantages include:

• Access to "broker-only" wholesale lenders not available to the general public
• Negotiated rates and reduced or waived fees through established lender relationships
• Legal obligation to advise on loan structures, repayment types, and government incentives
• Connections to major banks, credit unions, and specialist non-bank lenders
• A good broker can significantly reduce the total cost of a loan over its lifetime through a better interest rate

In most cases, yes. Refinancing can help reduce your interest rate, lower repayments, or unlock equity for renovations or further investment. An analysis of ABS data found that around 83,000 refinances in Melbourne were handled by mortgage brokers last year alone, demonstrating the value brokers consistently deliver over going direct to a bank. Read our article on whether you can refinance to access equity in Australia for more detail.

Yes. Shern Advisory Mortgage Brokers services Melbourne CBD and all surrounding suburbs including Port Melbourne, South Melbourne, North Melbourne, Carlton, Kew, Mont Albert, Ringwood, Berwick, and Narre Warren. We work with clients across greater Melbourne and can conduct consultations in person, via phone, or online.