Finding the perfect mortgage broker in Melbourne is a crucial step towards acquiring your dream home or investment property. Melbourne, known for its vibrant property market and varied housing options, hosts numerous mortgage brokers ready to offer their expertise. These professionals provide invaluable assistance, combining extensive experience, broad lender networks, and tailored services to simplify the process of obtaining a home loan. In this article, we highlight Melbourne's top mortgage brokers in 2024, selected through a combination of genuine customer feedback and our direct experiences with these brokers.
Each broker in this list is celebrated for outstanding client service, profound market insight, and their knack for securing the most favourable mortgage terms for their clients. Whether you're buying your first home, aiming to refinance, or an investor looking to grow your portfolio, choosing the right mortgage broker can streamline your journey. We trust we can provide you with the information needed to make a well-informed decision in Melbourne's real estate environment.
The Best Mortgage Brokers in Melbourne 2024
#1. Shaun Bettman (Principal Mortgages)
Verified User Reviews
Shaun was extremely helpful throughout the entire process, from running preliminary scenario all the way to the end for the final settlement and even beyond.
As a first home buyer we felt we were in good hands. Shaun was always very patient and available to answer all our questions. And we had many!
I’d would not hesitate a second to recommend Shaun to my friends.
If you're looking for sound advice and a broker who will work tirelessly to get you the outcome you're looking for, Principal Mortgages should be your go-to.
Shaun was an invaluable aid in the purchase of my first property. He took the time to go through all of my finances and recommended a really thoughtful loan amount as well as explaining other options.
He handled all of the bank paperwork very efficiently and the entire process required little effort from me - allowing me to focus on house hunting! Shaun was always happy to talk through or explain concepts that I wasn't familiar with, being my first purchase.
He also recommended a great conveyancing service.
I would 100% recommend Shaun without hesitation.
Incredibly easy to work with, Shaun is very charming and made the whole process very easy and straightforward, even with the occasional issue that cropped up. I know now that there was a lot of effort and hours to work with the banks. Much happier that we didn't need to do it! I highly recommend Shaun to anyone looking for a mortgage broker.
We had a fantastic experience with Shaun from Principal Mortgages.
He was always very quick to respond/assist (even taking our calls during his family holiday) and managed to secure a great rate for our home loan.
His advice was invaluable, and he went above and beyond by recommending some ancillary services that assisted us with our purchase. Highly recommended.
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My Personal Experience
My experience at Principal Mortgages was nothing short of stellar, completely justifying their impressive 5-star Google rating based on over 120 reviews. Shaun Bettman, the founder and director of Principal Mortgages, brings over 15 years of finance industry expertise to the table. His depth of knowledge and meticulous approach to the mortgage broking process were evident from our very first meeting.
Shaun took the time to dive deep into my financial situation, genuinely understanding my needs and what I sought from a home loan. When it came to the application process, his thoroughness in explaining the required documentation stood out. Thanks to his well-coordinated team, my application was swiftly processed, and I received competitive rates from several lenders.
Securing an excellent fixed-rate loan was incredibly straightforward, a testament to the efficiency of Shaun and Principal Mortgages. Given their remarkable 98.5% approval rate, I'm confident in Shaun's ability to assist anyone in Melbourne in need of a home loan. If you need additional services, Shaun also assists in financial planning and coaching which I personally found very useful.
Key Points
- 98.5% approval rate
- 5-star Google rating from 128 reviews
- No cost and no obligation
- 24/7 support
- Negotiate the best rates from lenders
Phone Number: 1300 889 027
Website: principalmortgages.com.au
#2. Mansour Soltani (Soren Financial)
Verified User Reviews
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My Personal Experience
I recently had the opportunity to work with Soren Financial, ranked as the #2 mortgage broker in Melbourne, and the experience was nothing short of exceptional. The director of Soren Financial, Mansour Soltani, impressed me with his profound understanding of first-home mortgages and complex refinancing scenarios from our initial conversation. With Mansour and his skilled team's guidance, my refinancing journey was remarkably smooth, and I had access to competitive loan options and low interest rates, sourced from their 45 verified lenders.
What truly set Mansour apart from other brokers was his commitment to understanding my unique financial goals, a practice he extends to all his clients. Soren Financial's streamlined 5-point approval process meant that I received a loan solution aligned with my long-term financial objectives, emphasising their customer-centric approach. Having gone through the refinancing process multiple times before, I was particularly impressed by how quickly Mansour was able to secure loan approvals without ever sacrificing quality, a testament to his expertise.
The overwhelmingly positive 5-star Google Reviews from over 70 satisfied clients speak volumes of Soren Financial's stature in the mortgage brokerage industry in Melbourne. Mansour's professional credentials, coupled with his commitment to building enduring relationships, highlight the premium service Soren Financial delivers. His accreditation under the FBAA and status as a licensed credit representative ensure adherence to the highest industry standards, offering reassurance to those seeking a mortgage.
Key Points
- 100% satisfaction guarantee
- 5-star Google rating from 73 reviews
- One of the fastest loan approval times in Melbourne
- Specialists in first-home mortgages
- Better offers and lower interest rates
Phone Number: 1300 889 819
Website: sorenfinancial.com
#3. Steve Keramidas (Mortgage Compare Plus)
Verified User Reviews
Steve from Mortgage Compare Plus did the shopping around for me and got me a very competitive interest rate on my investment loan. Steve is experienced, gets the job done, professional, and very reliable. I have known Steve and worked with him for over 7 years now. I highly recommend Steve Keramidas from Mortgage Compare Plus.
We stupidly tried to stay faithful to our original bank that we had been with for 10 years and that didn't work out well for us! We missed out on multiple properties and were left very deflated each time. We were recommended by a friend to use Steve and they were able to help us achieve our financial dreams so quickly and effortlessly when others couldn't.
Amazing team to work with, I had the privilege to work with Steve and Samantha who were amazingly helpful in all aspects of questioning and reassurance. Highly recommend.
Steve and the team were simply amazing in helping us refinance our home. Professional and friendly service together with swift action took the stress out of the process. We would highly recommend to others.
I have been working with Steve for many years and I can not fault him or his team. Their service is beyond 5 stars!
Very happy with Mortgage Compare Plus' services, have been a customer for many years and am always looked after with great deals. Steve goes above and beyond to make the process smooth!
Great service by Steve Keramidas, very professional and helpful with getting my second home loan within no time. Including negotiating better rates. Definitely recommend. Their service is second to none.
A huge thanks to Steve and Samantha. I wasn't sure I'd be able to buy my future home, when I approached Steve to work out possibilities. When I finally signed a contract, things happened very quickly. Loan approval for me came much faster than I expected, so I was in shock the 1st day. Things have gone fairly smoothly since and Steve has been available and able to get back to me to answer all my questions promptly...even the silly ones, making things easier on my nerves. I'm very grateful to Steve and his team and can genuinely recommend them. Settlement is coming soon, so now it's just a waiting game.
We recently refinanced our mortgage to ANZ through Steve. We are impressed by how fast and efficient the entire process was from start to finish. We also appreciate the guidance we received from Steve every step of the way, his regular updates whenever there was a development and for clearly explaining the next steps so we knew exactly what to expect. Thank you Steve!
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My Personal Experience
My journey with Steve Keramidas at Mortgage Compare Plus solidifies them as one of the top mortgage brokers in Melbourne. From the outset, Steve brought clarity and confidence to what is usually a complex process. His professionalism and depth of knowledge in the mortgage industry were immediately apparent, offering me a sense of ease and trust that I was in the right hands.
Steve's approach was meticulously tailored to my needs. He listened intently to understand my financial situation and what I hoped to achieve with my home loan. This personalised service extended beyond mere numbers; Steve was invested in securing the best possible outcome for me. What stood out was his ability to demystify the mortgage process, explaining each step in layman's terms, and providing clear, concise advice. Mortgage Compare Plus, through Steve's guidance, offered access to a wide range of lenders, which was instrumental in finding a loan that matched my financial goals perfectly.
The hallmark of my experience was Steve's unwavering support and accessibility throughout the entire process. Whether it was addressing my concerns, answering questions, or providing updates, he was always available, making what could have been a stressful process feel manageable and straightforward. This level of client care and dedication is why I regard Mortgage Compare Plus and Steve Keramidas as exceptional in the Melbourne mortgage broker landscape.
Key Points
- Work with over 40+ lenders
- Assist First Home Buyers, Investors, and Refinancers
- 5-star rating on ProductReview.com.au
- Also offer car, equipment, business and personal loans
Phone Number: (03) 9769 0574
Website: mortgagecompareplus.com.au
#4. Spiro Kolokithas (What If We Finance)
Verified User Reviews
Spiro and his team have wonderfully assisted me in buying my first home and navigating me through the often confusing terms and processes to ensure that everything went absolutely smoothly.
Could not recommend them enough. Spiro went above and beyond, at all hours of the day, to ensure everything went well.
I could not recommend Spiro and his team more highly to anyone in need of a reliable and trustworthy mortgage broker. From the initial consultation to going above and beyond in helping secure a great rate, Spiro has demonstrated exceptional professionalism and expertise. Communication has been great throughout. Spiro is exceptional at guiding you through the entire process step-by-step. Thank you again for all your hard work!
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My Personal Experience
My personal journey with 'What If We Finance', guided by Spiro Kolokithas, the CEO, transformed my approach to securing a mortgage in Melbourne. Spiro's leadership and vision for a client-focused mortgage service were evident from our first interaction. His personal involvement in my application process showcased not just his dedication to his clients but also his in-depth understanding of the mortgage landscape.
What If We Finance provided a bespoke service that truly catered to my needs. Spiro took the time to understand my financial position, my goals, and the challenges I faced in securing a mortgage. His expertise was instrumental in navigating the complex market, and he was adept at simplifying the intricate details, making the entire process transparent and understandable. It was clear that Spiro wasn't just about securing any loan; he was committed to finding the best possible solution that aligned with my financial goals.
What really sets Spiro and What If We Finance apart is their commitment to excellence and client success. Throughout the process, Spiro was proactive, keeping me informed, and went above and beyond to ensure a smooth and efficient application process. His dedication to providing tailored solutions and genuinely caring for his clients' outcomes is why anyone looking for mortgage services would be in excellent hands with Spiro Kolokithas and his team.
Key Points
- Over 2,650 products from 42 lenders
- Simple jargon-free communication
- Available to chat 7 days a week
- 5-star Google rating from 186 reviews
Phone Number: (03) 8804 1354
Website: melbournemortgage.com.au
#5. Mark Huynh (Freedom Lend)
Verified User Reviews
Going with Freedom Lend has been a wonderful experience for me. In the first place, access to the staff is unrivalled. They also spent ample time thoroughly elaborating things to me on the phone and by email, addressing all my concerns and following up with the involved third parties. Needless to say that their rates are also very competitive and I found no element of surprise on their bill.
I couldn’t be more satisfied with Freedom Lend’s service and I certainly recommend them to anyone who is after a hassle free home loan applications process and excellent rates.
Excellent customer service with very knowledgeable staff. Getting this home loan was efficient with detailed information provided every step of the way. No question was too hard for the staff at Freedom Lend.
Excellent rates with the added bonus of a FREE offset acct with no annual fees. 5 star recommendation for the whole package.
Hi there, I had an excellent experience dealing with Helen. She was very professional and always kept me up to date, making the experience as painless as possible. Helen was the icing on the cake after you take into account the low rates and fees.
Thankyou again Helen and FreedomLend.
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My Personal Experience
Working with Mark Huynh at Freedom Lend was a standout experience when securing my mortgage in Melbourne. From the get-go, Mark displayed a deep understanding of the mortgage market, coupled with a genuine enthusiasm for helping me navigate through it. His approach was both professional and personal, making what could have been a stressful process surprisingly smooth and manageable.
Mark’s expertise was evident in how he tailored his advice to fit my unique financial situation. He didn't just present me with generic options; instead, he meticulously sorted through various lenders to find those that matched my specific needs and goals. What I particularly appreciated was his transparency throughout the entire process. Mark made sure I understood every detail of the loan options, from the rates to the terms, ensuring I made informed decisions every step of the way.
Beyond his professional acumen, Mark’s dedication to his clients truly sets him and Freedom Lend apart in the competitive Melbourne mortgage broker landscape. He was always available to answer my questions, address my concerns, and provide updates, making me feel supported throughout the entire journey. Mark Huynh and Freedom Lend exemplify what it means to be great mortgage brokers through their personalised service, market expertise, and unwavering commitment to achieving the best outcomes for their clients.
Key Points
- Quickly check your eligibility on their website
- Online home loans makes it convenient
- Talk to a home loan specialist 7 days a week
- 5-star Google rating from 42 reviews
Phone Number: 1300 665 595
Website: freedomlend.com.au
Frequently Asked Questions
How much does a mortgage broker cost?
Using the services of a mortgage broker often comes at no direct expense to you. Typically, mortgage brokers are compensated through a commission paid by the lender after the mortgage transaction has been completed. Nevertheless, there are instances where brokers may charge a fee directly to the client, particularly in scenarios involving more intricate financing solutions. To avoid any unexpected costs, it's important to have a clear conversation with your mortgage broker about potential fees or commissions from the outset. This ensures transparency and helps to avoid any unexpected bills.
Should I buy a house now or wait till the market drops?
Deciding to purchase a house now or to wait for a potential market downturn is influenced by various factors such as your financial readiness, prevailing market trends, interest rates, and your long-term housing objectives. Although the prospect of waiting for lower prices can be tempting, accurately forecasting market fluctuations in Melbourne is inherently difficult. Should you be in a stable financial position and come across a property that aligns with your requirements and fits within your budget, it may be advantageous to proceed with the purchase now, particularly when considering current interest rates and your specific needs. Seeking the advice of a mortgage broker or financial advisor can offer tailored insights, taking into account the present market conditions and your personal circumstances, thereby assisting in making an informed decision.
What are the benefits of using a mortgage broker?
Engaging a mortgage broker comes with numerous advantages, foremost being their ability to grant you access to an extensive array of loan products from a diverse set of lenders. This increases your likelihood of securing a mortgage that not only meets your unique needs but also comes with competitive interest rates. Mortgage brokers possess a deep understanding of the intricacies of the mortgage process, enabling them to save you both time and money through skillful negotiation of improved rates and terms. Furthermore, they offer personalised advice and take on the burden of paperwork and lender communications, simplifying the application process. In essence, a mortgage broker serves as your personal advocate throughout the mortgage journey, customising their services to fit your financial situation.
Conclusion
In the dynamic Melbourne property market, the role of a mortgage broker is more than simply assisting you to get a home loan; it's about providing tailored financial solutions that cater to your unique requirements. The leading mortgage brokers in Melbourne, as outlined in this article, distinguish themselves through personalised client services and a forward-looking approach to financial planning and wealth management.
Opting for the right mortgage broker in Melbourne is like choosing a financial ally dedicated to your success. The brokers we've featured stand apart not only for their ability to navigate the complexities of loan procurement but also for their commitment to educating clients, employing proactive financial strategies, and fostering lasting relationships. Their comprehensive service model ensures that when it comes to securing the best possible mortgage deal, you're in expert hands.