Best Mortgage Brokers in Melbourne 2025: Verified Reviews

Top 5 Mortgage Brokers in Melbourne in 2025

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4.9

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4.9

Top 5 Mortgage Brokers in Melbourne 2025

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The best mortgage brokers in Melbourne do more than just help you compare loan options; they become your financial partner, negotiating with lenders, breaking down complex terms, and securing the best rates and loan features tailored to your needs. Whether you're navigating the property market as a first-home buyer, refinancing your current home loan, or expanding your investment portfolio, the right broker can simplify the process and provide invaluable expertise at every step.

In this article, we’ve curated a list of the top mortgage brokers in Melbourne, highlighting their standout services, industry experience, and why they excel in helping clients achieve their financial goals. At the top of our list is Eden Emerald Mortgages, renowned for their personalised service, 100% 5-star Google reviews, and recognised as the #1 mortgage broker by the Canberra Times.

How we picked the best Melbourne mortgage brokers

To create our list of the best mortgage brokers in Melbourne, we established a rigorous benchmark to ensure only the most reliable and customer-focused brokers made the cut. Each broker had to meet the following criteria to be considered:

  • A minimum of 10 years in the mortgage industry to demonstrate longevity and expertise.
  • A Google review rating of at least 4.7 out of 5, reflecting consistent positive feedback.
  • At least 50 verified reviews from satisfied clients, showcasing their reputation and track record.
  • Access to 35+ lenders, ensuring a wide range of competitive loan options.
  • A home loan approval rate of over 95%, highlighting their effectiveness in securing finance for clients.

Beyond these baseline criteria, we also assessed other key factors such as:

  • Customer Service: Responsiveness and the ability to provide clear, personalised guidance.
  • Specialised Expertise: Experience with specific types of mortgages, such as first-home buyer loans, investment property loans, or No LMI home loans.
  • Speed of Approval: Efficiency in navigating the approval process, minimising delays for clients.
  • Comprehensive Support: The level of guidance offered throughout the home loan process.

If you're planning to research brokers on your own, following this checklist can help you identify brokers who meet high standards of service and expertise, ensuring you make an informed choice.

Best Mortgage Brokers in Melbourne: Reviews

#1. Eden Emerald Mortgages

  • Ability to negotiate the lowest interest rates.
  • Partnerships with over 40+ lenders.
  • 100% free service, with no hidden charges (they are paid commission from lenders).
  • Experienced and friendly support throughout the loan process.
  • 100% 5-star Google rating from over 60 happy clients.
  • Loan approval rate of 99%.
  • Perfect for First-Home Buyers, Refinancers, LMI waivers and more.

Eden Emerald Mortgages stands out as the best mortgage broker in Melbourne, delivering exceptional service and securing the best outcomes for their clients. The company's reputation as Melbourne’s top choice is built on its deep industry knowledge and strong relationships with over 40 lenders. This allows Eden Emerald Mortgages to offer bespoke mortgage solutions tailored to each client’s unique situation, and enables access to the lowest rates and best loan features.

What sets Eden Emerald Mortgages apart is their unwavering focus on a client-first approach. They take the time to thoroughly understand each customer’s financial goals and needs, before showcasing the most suitable loan options. Their team goes above and beyond, negotiating the best rates, explaining the differences between loan products, and offering clear guidance on the pros and cons. This comprehensive support empowers clients to make informed decisions with confidence. Throughout the process, EE Mortgages' team ensures a smooth and efficient application journey, with responsive customer service via phone or email.

At the heart of Eden Emerald Mortgages is a commitment to integrity and transparency. Their services are entirely free of charge for you (they are paid a commission by the lenders) and they uphold the highest standards of honesty and ethical practices. This transparent approach fosters trust and builds long-term relationships with their clients.

Eden Emerald’s dedication doesn’t stop at securing the initial loan. They continuously monitor their clients’ mortgages, providing ongoing reviews to ensure they are always on the lowest available rates. If better opportunities arise, they reach out and recommend refinancing options, ensuring clients are saving money where they can.

Their client-centred ethos, combined with exceptional industry expertise and a commitment to long-term support, solidifies Eden Emerald Mortgages as the #1 mortgage broker in Melbourne.

#2. Principal Mortgages and Shaun Bettman

Shaun Bettman is the founder and director of Principal Mortgages, the #2 mortgage broker in Melbourne. Shaun established this company 20 years ago, and their experience in the industry is a large part of the reason why they have an extremely high 98.5% approval rate.

Shaun and his team work hard to secure the best possible home loan for each of their customers. They work with over 40 lenders and use one of the most sophisticated software systems in Australia to ensure they can find the best discounts and incentives for new clients, which are significantly better than what is available to the public.

All of the mortgage brokers at Principal Mortgages are Approved Credit Advisers with the Mortgage and Finance Association of Australia, so you can trust that they have the skills and knowledge to help you. They will find the best choice for you, whether you are looking for fixed-rate loans, variable rate loans, or interest-only loans. They also provide comprehensive financial planning and coaching to ensure that you are in the best financial position to buy a home.

Principal Mortgages has a perfect 5 star rating on Google Reviews, based on 122 individual client reviews. This is proof of their ongoing exemplary service.

#3. Soren Financial and Mansour Soltani

Mansour Soltani of Soren Financial has earned a distinguished reputation in Melbourne as a top mortgage broker, particularly noted for his specialisation in first-home mortgages and sophisticated refinancing. With a vast network that includes 45 verified lenders and strategic industry partnerships, Soltani offers a broad spectrum of competitive loan options and superior interest rates.

Soltani's client-centric approach is highlighted by Soren Financial's efficient 5-point approval process, designed to align with clients' long-term financial goals and provide customised loan solutions. This methodology not only ensures a seamless loan application experience but also significantly shortens loan approval times.

Soltani’s dedication to professional excellence and building enduring client relationships is reflected in his accreditation under FBAA and his role as a licensed credit representative. These credentials underscore his commitment to the highest standards of service and reliability in the mortgage brokering industry.

 This commitment is further evidenced by Soren Financial’s outstanding 5-star Google Reviews rating from 72 satisfied clients. Soren Financial's exceptional service and Soltani’s expertise consolidate its position as the second-leading mortgage broker in Melbourne, offering unparalleled guidance and support to homebuyers in the city.

Other Top Mortgage Brokers in Melbourne

My top recommended brokers in Melbourne in 2025 are Eden Emerald Mortgages, Principal Mortgages, and Soren Financial. However, if you are considering other options, these next two brokers are also excellent choices in Melbourne.

#4. Justin Doobov, Intelligent Finance 

Justin Doobov, the driving force behind Intelligent Finance, stands out as a premier mortgage broker in Melbourne, having catapulted his firm to the forefront of the mortgage broking industry in Australia. Under his leadership, Intelligent Finance distinguished itself in FY21 by setting an impressive record on the MPA Top 100 Brokers list, with a staggering $423 million in home loans written.

Known for their adept handling of intricate lending scenarios, Justin and his team excel in securing financing for a diverse clientele, including self-employed individuals, property investors, and those facing unique financial challenges. Through providing tailored advice and dedicated service, they ensure that clients are not only well-informed throughout the lending process but are also fully satisfied with their loan arrangements, reflecting Justin's commitment to excellence and personalised client care.

#5. Phil Riches, You Home Loans

Phil Riches, a seasoned mortgage broker with over a decade of experience in the industry, has become synonymous with excellence at YouHomeLoans. Renowned for his exceptional ability to navigate the complex world of mortgage lending, Phil specialises in catering to a diverse clientele, including first-home buyers eager to step onto the property ladder, property investors seeking to expand their portfolios, and homeowners aiming to optimise their finances through refinancing. His in-depth knowledge of the market and dedication to his clients ensure that each individual receives tailored loan options that best suit their unique financial circumstances, making Phil a trusted advisor and invaluable asset in their financial journey.

Why use a mortgage broker?

Using the services of a mortgage broker can significantly simplify the process of securing a home loan. Especially within Melbourne's competitive property landscape, mortgage brokers offer invaluable assistance by navigating the myriad of lending options available. Their expertise lies in understanding the nuances of the Australian mortgage market, including the specific requirements and offerings of various lenders. This knowledge enables them to match clients with loan products that best suit their financial circumstances and property aspirations. Moreover, mortgage brokers often have access to exclusive deals not directly available to the public, saving homebuyers thousands of dollars over the life of their loan.

Even if you have managed to find a lender with a great rate, the process of applying for and securing a mortgage can be confusing, particularly for first-time buyers in Melbourne's bustling property market. Mortgage brokers streamline this process by handling the paperwork and negotiations with lenders on your behalf. They provide personalised advice, considering factors such as interest rates, loan features, and repayment structures, to ensure their clients make informed decisions. Additionally, because mortgage brokers are paid commissions by the lenders, their services are typically offered with no cost to the buyer. This makes them an accessible resource for prospective homeowners, offering both financial savings and peace of mind during one of life's most significant transactions.

How much does a mortgage broker cost?

Typically, mortgage brokers in Australia do not charge a direct fee to the client for their services; instead, they earn their income through commissions paid by the lenders once a mortgage is successfully finalised. This commission model means that prospective homeowners can benefit from the expertise and services of a mortgage broker without incurring any costs. The specific commission structure can vary, often consisting of an upfront commission based on the loan amount (usually around 0.5% to 0.65% of the loan value) and a trailing commission that is paid over the life of the loan, which averages between 0.1% and 0.2% of the outstanding loan balance annually. It's important for clients to discuss any potential fees or charges with their broker upfront, ensuring transparency and understanding throughout the process.

Main benefits of using a mortgage broker:

  1. 1
    Access to a wider range of lending options, including those not available to the general public.
  2. 2
    Receive expert advice in complex financial and lending matters.
  3. 3
    Saving thousands of dollars by accessing lower interest rates and reduced fees.
  4. 4
    Greater purchasing power with more lender options available.
  5. 5
    Save time and effort as the mortgage broker compares and negotiates with lenders on your behalf.

Conclusion

When looking for a home loan in Melbourne's diverse and competitive market, the role of a mortgage broker cannot be overstated. The best mortgage brokers in Melbourne offer a blend of market insight, personalised service, and access to a wide array of loan options that cater to the unique needs of each borrower. They not only simplify the mortgage process but also do their best to secure the most favourable terms for their clients, potentially saving thousands of dollars over the lifespan of their loan.

Whether you're a first-time homebuyer, looking to refinance, or expanding your investment portfolio, partnering with a skilled mortgage broker can be a pivotal step towards achieving your property ownership goals with confidence and ease.

About the author 

Harold Simmons

Harold is the founder and creator of the Asset Owners Discussion Project. He creates quality resources so investors can access information they wouldn't normally be able to find. He has been investing in real estate for over three decades and is particularly experienced with mortgages and refinancing.

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