The 5 best mortgage brokers in Melbourne to help with buying, investing, and refinancing
Before buying your first home, investing in property, or refinancing to save on repayments, it’s important to think about what truly works for you. That means finding the right loan, competitive rates, and smart, flexible terms so financial troubles never keep you up at night.
But in today’s strict lending environment, with its endless paperwork and meticulous credit checks—not to mention the rising prices and market competition—giving up can sometimes feel like the more practical choice. Just buy, invest, or refinance next year, right?
Then it’s not until that ‘next year’ turns into five, and you realize you’ve been putting it off for too long. Enter the best mortgage brokers in Melbourne, whose knowledge, connections, and guidance can help turn your plans into reality.
| How much do mortgage brokers charge in Melbourne? Mortgage brokers in Melbourne don’t charge clients directly; they receive an upfront commission from the lender of about 0.46% to 0.65% of the total loan. In rare cases like complex or specialized loans, they may charge a fee, starting at around $200. |
1. Accession Finance
Address: 4/84 Ferguson St, Williamstown
Phone: +61 3 9397 2824
Business hours: Monday-Sunday, 24 hours
Better interest rates, stress-free mortgage refinancing, and simpler home loans are just some of the things Accession Finance’s clients thank them for. One was especially grateful for how the broker’s support helped her and her husband secure their dream land and home.
It’s also worth noting that a handful of these individuals and couples initially felt anxious, but the team’s reassuring and informative approach put them at ease. All questions are answered clearly, with the client’s best outcome always the priority.
Among the lenders Accession compares are Allianz, Commonwealth Bank, Westpac, St. George, and NAB Broker. While most appreciate the variety, a few found certain loan paperwork too complicated or experienced unhelpful service from recommended banks.
Fortunately, the brokers were quick to discuss alternative options, giving clients different routes to consider. This problem-solving skill is one reason why others return, confident they’ll have guidance from application and document gathering through to settlement.
Supportive, knowledgeable, and efficient—helped us secure our dream land and home
“Tim has gone above and beyond for us! No matter how many questions or calls/emails a day he answers every one and is always there helping you every step of the way. He is so supportive, professional and knowledgeable! Tim is so invested & generally cares so much about your outcome. He has helped us so much to secure our dream land & home and we are so grateful to have him as our broker. He has made everything happen for us and made the process so easy, stress-free & positive. He has your best interest at heart! My husband & I have dealt with a few brokers in the past but no one has been so amazing and efficient as him! He is the best in the business I couldn’t recommend him enough! Absolutely outstanding customer service!”
- Tia, Google Review
Informative, put our minds at ease, and made our home loan simpler
“Wish I could give Accession Finance 10 stars! Tim, Viet & Stacey were incredible, they were extremely informative and kept us up to date every step of the way. They were quick to put our minds at ease and made the process of financing our home loan simpler. If you are looking to buy your first home or even second definitely do yourself a favour and contact Tim and his team.”
- Carly Dobe, Google Review
2. What If We Finance
Address: Level-14/333 Collins St
Phone: +61 3 8804 1354
Business hours: Monday-Sunday, 8:30 AM to 9:30 PM
Many clients who’ve turned to What If We Finance are first-home buyers, for whom the process was simple and stress-free. Brokers are said to know everything about home loans—providing valuable insights, alongside access to over 40 lenders and more than 2,200 loan products.
Their knowledge and expertise don’t stop there, though. Client experiences reveal that the team takes the time to understand your goals, assess your borrowing power, and educate you on paying off loans faster—be it for home, investment, refinance, or self-employed loans.
As if that’s not enough, they have a 99.85% loan approval rate, too—with finance pre-approvals often received in a matter of days. However, there were reports of missed verbal timeframes or incorrect details in loan structure that required paperwork to be resubmitted.
Still, clients are drawn to their credibility as an MFAA (Mortgage and Finance Association of Australia) member. They also like the convenience of consultations that can be arranged at home, online via Google Meet, or in What If’s Melbourne office—even as late as 9:30 PM.
Acted in our best interest—knowledgeable, assessed our situation, and guided us
“We’ve worked with Spiro and the team in What If We Finance for our first home, and our experience has been outstanding. Spiro is incredibly knowledgeable everything about home loan, the available lenders and always provides valuable insights in our first home journey. He’s very responsive and professional, making the entire process smooth and stress-free. Assessed us with our borrower’s financial situation, compared different loan options, and guided us through the application process, always acted in the our best interest. Overall, Spiro is a top-notch mortgage broker everyone needs. Highly recommended for anyone looking for assistance in home loans.”
- JJ Chavez, Google Review
Compared major lenders, informative, and secured finance pre-approval
“What if We finance supported me in purchasing my first home. Thanks to the information and support offered by Spiro and his team, I was able to secure finance pre-approval which gave me the confidence to make offers. From the beginning of my property search I knew how much the banks would lend me VS what I could afford, and what was within my lifestyle. Spiro is extremely informative and patient with my many queries, making sure there were no surprises along the way. During the settlement process, I felt very assured by this team that all would go smoothly. Not only that, the offer they secured from the bank was the best possible option, comparing across all major lenders. I would highly recommend this team for anyone looking to purchase a home.”
- Beatrix Neville, Google Review
3. Axton Finance
Address: 114 Auburn Rd, Hawthorn
Phone: +61 1300 706 540
Business hours:
- Monday-Thursday, 8:30 AM to 8:00 PM
- Friday, 8:30 AM to 6:00 PM
- Saturday, 9:00 AM to 12:00 PM
Named among the Top 20 Brokerages in Australia by MPA Magazine, Axton Finance has made mortgage the least stressful part of many home buyers’ and refinancers’ journeys. Their clear, easy-to-follow explanations and step-by-step support play a big role in it.
We’re talking no complicated terms, timely updates, hands-on document assistance, and tailored advice from the friendly yet professional team. These not only cover home loans, but investment, commercial, and SMSF (Self-Managed Super Funds), as well.
On the other hand, even with over 20 years in the industry and a 97% loan approval rate, those who faced loan rejection expressed doubts about their trustworthiness. A few went as far as switching brokers, feeling that the team’s expertise was more show than substance.
The good thing is they charge no service fees. Instead, they’re paid through commissions from the 35+ major banks and lenders clients can choose from—including Connective Home Loans, Bank of Melbourne, ANZ, and Pepper Money.
Secured our home loan for us—professional and exceptional assistance with documents
“How lucky we are to have Nicole Campbell from Axton Finance as our broker. We will be forever grateful for Nicole’s advice, support and efficiency in securing our home loan for us. Nicole is professional, thorough and knowledgeable in her field. She was so incredibly understanding and such a great listener that we knew she was the right person for us. Her communication with us along the journey was outstanding. The assistance with documents and the formal process was exceptional. Nicole is such a warm, friendly and lovely human being!”
- Louise Jury, Google Review
Assisted in the refinance of our apartment and advocated for us every step of the way
“Great mortgage broker! Joyce assisted my partner and I in the refinance of our existing apartment and using the equity to purchase our new home. Joyce was positive, knowledgeable and personable, and explained processes and requirements so they were easy to understand. She always responded to my questions in navigating the process, and advocated for us every step of the way. Joyce has been excellent to work with and I would highly recommend her as a broker!”
- Tiarne Romey, Google Review
4. Mel Finance
Address: 28/303 Collins St
Phone: +61 1800 941 947
Business hours:
- Monday-Friday, 8:30 AM to 7:00 PM
- Saturday, 9:00 AM to 2:00 PM
A lot of clients remember Mel Finance for the friendly nature, clear communication, and patient approach of sole broker Lumbini Wekunagoda. For them, these qualities helped them refinance or buy their first home with confidence, ease, and a better understanding of the process.
An MFAA-approved broker, it’s no surprise people are also impressed by the honesty and high level of work ethic shown to them. The quality and accuracy of Lumbini’s loan submissions even earned the company recognition as an Elite Broker by Commonwealth Bank Australia (CBA).
Let’s not forget the deep market knowledge that inspired others to trust Lumbini with their investment, bad credit, and self-employed home loans. Add to that the 47 lenders to choose from such as SunCorp, La Trobe Financial, Citi Bank, and ING Direct.
Moreover, most clients speak highly of the responsiveness and consistent updates.
But some did note a lack of ongoing support—for instance, being promised monthly check-ins but hearing nothing for three months.
Secured my first home—incredibly patient, always happy to help, and professional
“As a 26-year-old who recently moved to Melbourne to kickstart my career in financial services, buying my first home felt like a daunting task. I had been thinking about it for a while, and thankfully, I had Lumbini by my side to make it happen! Lumbini was absolutely fantastic throughout the entire process. He was incredibly patient, explaining all the technical details in a way that made sense—ensuring I felt confident and informed every step of the way. No question was too small or silly; he was always easy to reach and happy to help whenever I needed clarification. Thanks to Lumbini’s expertise, I was able to secure financing and purchase my first home, and I couldn’t be more thrilled! His professionalism and dedication are unmatched, and I can’t recommend him highly enough.”
- Samuel Rowell, Google Review
Most approachable, work ethic is next to none, and good with follow-ups
“I recently had the pleasure of meeting and using the services of Lumbini for getting a competitive Investment loan. I contacted a few brokers but settled on Lumbini as he was most articulate, approachable as extremely honest . His work ethic is next to none and was able to quickly get things sorted out with minimal fuss. He is good with his follow ups and ensured I was kept updated with how things were progressing. Highly recommended and I will again be using his services in the near future.”
- Nilesh Yoddha, Google Review
5. Yellow Brick Road Carlton
Address: Suite 2, Level 2/200 Lygon St, Carlton
Phone: +61 3 9448 8333
Business hours: Monday-Friday, 9:00 AM to 6:00 PM
Yellow Brick Road has a history of making dreams come true for those looking to refinance, buy a home, or purchase an investment property. Clients often credit the success to the team’s expertise, hard work, and eye for the best deals in the market.
Some even return for the second time or have worked with the brokers for years. Among the reasons—beyond securing the loan the first time—are the great advice, responsiveness, and the way everything, including paperwork, becomes easier in their hands.
Another perk is tapping into over 35 lenders, from AMP to Resi to Bankwest, and teaming up with financial planners for extra support. It is through this variety and collaboration where clients get to compare thousands of options and find the one that matches their needs.
On the downside, others mentioned frustration over mix-ups with property size requirements. An example is a first-home buyer who was told a house under 40sqm would be fine with the lender, only to later discover it wasn’t—leading to wasted time and missed sale opportunities.
Made my dream happen—worked tirelessly and talked me through the process
“I can 100% say that Louis is absolutely THE BEST broker that you could ever have the pleasure of dealing with! My situation was a little complicated, but Louis worked with me every step of the way to ensure my dream became a reality! He talked me through the process of using equity and was nothing short of amazing through the whole process! He saw my dream, with me from start to end and worked tirelessly to make it happen! If you need a little magic to secure your dream, Louis is your man! I would never use another broker and will be straight back to Louis when I am ready to buy my next house! He made me believe in my dreams!”
- Sandie Miller, Google Review
Great advice, straightforward home loan process, and very responsive
“Working with Yellow Brick Road Carlton was an absolute breeze. Aleks was fantastic! Very professional and knowledgeable. He gave us great advice and made the process of getting the right home loan incredibly straightforward. He was very responsive with clear communication. This is the second time Aleks has secured a loan for us, and we continue to be impressed by his expertise. We would absolutely recommend Aleks.”
- Gareth Baumgart, Google Review