Home Loans in Melbourne | Best Rates For Your Next Home

Are you looking for a home loan in Melbourne?

For a free consultation on your home loan options, give us a call or come in for a chat at our Mount Waverley, Port Melbourne or Chadstone offices.

When buying property or building wealth, your home loan plays a big role in the short and long-term success of your venture. As the biggest cost for Australian households, getting the right help to manage your home loan is incredibly important. As qualified mortgage brokers, our role is to source the right home loan for your needs and help manage this loan till the day it’s gone. Whether you’re a first home buyer, home upgrader, property investor or just simply looking for a better interest rate, our highly-skilled Melbourne home loan experts go the extra mile for every client.

Review Your Goals

As home loan brokers, we first look to understand your goals so we can help structure your home loan accordingly. Reviewing your needs and personal circumstances will give us a good indication of the options available to you. Whether you’re buying a bigger house, building a property portfolio or simply getting into the market, we’ll be able to tailor our approach to suit you better. Once we understand your goals, we will provide you with detailed scenarios and options to see a pre-approval home loan.

Assess your Borrowing Capacity

The most important part of the home loan approval process is understanding your borrowing power. This is when we review your income, expenses and liabilities to understand your capacity to repay a new loan. Your borrowing power will give you a good indication of the repayments associated with your next home loan.

Deposit Requirements

When sourcing a new home loan, there is usually an initial contribution that is required. Whether this comes from savings, government grants, property equity or even a guarantor - this contribution will dictate your ability to break into the market or find a better home loan deal. The options are endless and our job as your life-long mortgage broker is to help you navigate these questions.

Review Products Available

Not every home loan product is the same. From packages with offset accounts to cost-saving home loan products, each bank has its own product set. To find the best home loans Melbourne, we review products from over 30 different lenders to find the best solutions available for your individual situation.

Choose the Home Loan Type

Not only are there different home loan products, but there are different rates and types. You might be better suited to a variable or fixed rate, a Principle & Interest or Interest Only loan; whatever it is, we’ll find the best home loan type for you. By understanding your goals and needs, we can structure your home loan accordingly.

Choose the Bank

With over 30 lenders on our panel, we use our software and market knowledge to help narrow down the right bank for you. We’ll sift through online lenders like Ubank, ING and ME Bank, as well your major lenders like CBA, NAB, Macquarie, ANZ and Westpac. Our experts in home loans Melbourne take an open-minded and independent approach, using your best interests to find the best interest rates.

Submitting for Approval

Once we have ironed out your goals, borrowing capacity, deposit requirements, products and loan type, we submit to the chosen lender for an approval. From here, we’ll work with the bank to source your home loan and help answer any technical credit questions they may have. Our thorough home loan processes ensure that every box has been ticked, ensuring your application has the best possible chance of approval.

Home Loan Settlement

The settlement process can seem daunting at first, which is why our home loan brokers want to make it easier for you. We work with lenders to settle your refinance, as well as with your agent, solicitor or conveyancer to ensure your purchase occurs on time. We focus on making your path to homeownership or a better home loan as smooth and stress-free as possible.

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What Is Our Home Loan Process?

Our home loan experts have a thorough eight-stage approach which ensures they are able to find the best possible home loan solution for every client. Watch the full video to learn our process for getting home loan approval in Melbourne.

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The Best Home Loan Solutions

Settling for an inferior home loan solution can cost you thousands over the course of your mortgage. It's our job to make sure this doesn't happen. We go the extra mile to make sure you're getting the best possible rate and deal to finance your next property.

Our personalised approach means we carefully analyse your financial situation and preferences to tailor a process that meets your unique needs and helps you achieve your home ownership goals. With our expertise, you can trust that you're getting the best possible home loan solution in Melbourne for your specific circumstances.

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Meet the Home Loan Experts

Our finance team have been with Elephant from day one, delivering expert home loan solutions for over six years. Starting from humble beginnings in a shared office space, Shehan and Gavin slowly built up a loyal customer base through a reputation for excellent customer service and results.

Both mortgage brokers have received numerous nominations and awards over the journey, including Best Customer Service and the Best Loan Administrator at Victoria’s Better Business Awards. Today, the pair are now experienced veterans in the industry who continue to provide stellar servicing for each of their clients.

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Home loan FAQs

How can a broker get me a home loan in Melbourne?

A home loan broker is tasked to work for you. This is because we are a regulated industry created by the government to ensure we act in accordance with the ‘best interest duty’ when it comes to your home, investment or finance needs. Our role is to work with you to achieve the best home loan option when buying, refinancing or building your home or investment portfolio. We review your needs, goals, assess the lending options and help coordinate the home loan approval and settlement. Think of us as a life long partner to help you achieve your goals.

Is it easier to get home loans through a bank or a mortgage broker?

A mortgage broker does not work with one bank. They have access to a variety of options, from the big banks to the online banks and speciality lenders. A knowledgeable broker will provide you with the right options and lenders to ensure an appropriate outcome occurs. We’re dedicated to finding you the best home loans Melbourne.

Should I get a home loan pre-approval before I purchase a home?

We advise you to always have pre-approval before purchasing a home or investment property. A pre-approval will give you the confidence to make offers knowing a bank has reviewed all your current financial information. With our home loans Melbourne process, we’ll walk you through each step of the home loan pre-approval process to get you into the property market sooner.

frequently asked questions

Home Loans Melbourne

Are you looking for a home loan in Melbourne?

Review Your Goals

Assess your Borrowing Capacity

Deposit Requirements

Review Products Available

Choose the Home Loan Type

Choose the Bank

Submitting for Approval

Home Loan Settlement

What Is Our Home Loan Process?

The Best Home Loan Solutions

Meet the Home Loan Experts

Related resources

Should I get home loan pre-approval before bidding at auction?

The Impact Of Interest Rates On The Property Market

Six Tips for Negotiating A Better Interest Rate with Your Lender

Home loan FAQs

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