Find a mortgage broker in Melbourne

Get the money you need to buy your dream home in Melbourne with help from a local mortgage broker.

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Looking for a mortgage broker in Melbourne? Here's how to find one.

How can I find a good broker?

Your mortgage broker should be a licensed professional who guides you through the tricky process of finding an appropriate mortgage and the paperwork involved in the application. There are several steps you can take to ensure your broker is right for you:

  • Accreditation. Check that your broker has an Australian Credit License or is an Australian Credit Representative. They are also required to be a member of either the Mortgage and Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA).
  • Lending panel. Brokers cannot compare loans from all lenders, but most will have a large range. Ask about the broker's panel to check that they offer mortgages from many different lenders.
  • Do your homework. The broker should do the hard work for you. But the more you know about the mortgage industry the easier it is to know when you're broker is really doing their best to help you.
  • Research the broker. Chances are your broker has an online presence and previous customers who have left reviews of their experience. This can be valuable information when shopping around for a broker.

Compare brokers in the table below

Name Product Upfront consultation fee Variable rates from Comparison rates from Lenders on panel Apply Now
Finsure
$0
3.03%
3.04%
35
Finsure has a large panel of lenders and offers flexible mortgage solutions for borrowers.
Mortgage Choice
$0
3.03%
3.04%
20
Mortgage Choice's extensive broker network can help you find the right home loan.
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Compare up to 4 providers

How is a mortgage broker paid?

Instead of receiving payments from borrowers, mortgage brokers are paid commissions from lenders when they attract new business for a lender. They receive an upfront commission when you take out a loan and a trailing commission every year that you still owe money on your mortgage.

Learn how mortgage brokers are paid

How does a mortgage broker work?

A mortgage broker can help you secure the financing you need to buy the property you want. After assessing your financial situation, a broker will present you with a choice of suitable loans from their panel of lenders. Brokers are especially useful for borrowers in complex or unusual situations, who many find it difficult to get finance by approaching a bank directly.

Learn more about the mortgage broking process

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2 Responses

    Default Gravatar
    paulOctober 26, 2017

    Hello, can you help or give advise as to how I get seniors finance or a reverse mortgage loan. thanks paul

      Avatarfinder Customer Care
      JudithOctober 27, 2017Staff

      Hi Paul,

      I hope all is well with you today. Thanks for contacting Finder.

      You may reach out to lenders offering reverse mortgages to discuss your options and chances of approval before you send anything final for your application. You can use our comparison table to help find the lender that suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Alternatively, you can speak to a mortgage broker who can take your personal circumstance into account and offer you a range of borrowing options.

      To improve your chances of getting approved for a loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant Product Disclosure Statements / Terms & Conditions of the loan option before making a decision and consider whether the product or option is right for you.

      I hope this helps.

      Cheers,
      Judith

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