What our customers say about us

Thanks for all your help and for making it so easy for me. Life will be so different now.

Jan Vincent
Montrose, VICTORIA

Thank you for your time on the phone yesterday and copying me into the below email.
I just wanted to take the time to say that I have never seen such a comprehensive email provided to clients by a Broker before. Very clear and detailed.
I hope it’s ok that I hold onto your details to refer to clients who may need assistance.
Kind Regards,

Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA

We have found Barry Le Brocq of Melbourne Mortgage Finance to be very patient, caring and diligent in achieving a successful outcome to our refinancing requirement. We have no hesitation in recommending his services to others.

Don & Christine Perrett
Leongatha, VICTORIA

Many thanks Barry for the exceptional service that you have provided. We will most certainly be recommending you to our daughter (Bank of Melbourne branch manager) for any future customers who need a reverse mortgage loan.

Paul & Barb Spark
Somerville VICTORIA





Key issues

  • All lenders have now increased their variable interest rates
  • Fixed rates continue to be far higher than variable rates
  • Smaller lenders now fighting back with very competitive deals
  • First Home Owners Grant ($12,500 for established/$25,000 for new homes) until 31.12.09. Conditions apply
  • Satisfying tougher bank loan approval requirements. See below.
  • Homeside (nab) has introduced a special deal on loans which are below 75% loan-to-valuation ratio (LVR). See table.
  • 95% LVR loans are still available. Higher rates may apply. Refer notes below.


All lenders have now increased their variable interest rates following the recent Reserve Bank announcement. The following table shows some of the more competitive loans currently available for an average $300,000 loan. 12 month “honeymoon” interest rate products have been excluded.

Variable %
max %
3 Year
Fixed %
Homeside (nab) Home Plus Special<75% 5.22 75 7.49
AFM Complete Option 5.24 90+LMI 7.29
The Rock Rock Star special 5.24 90 7.39
ING Simplifier Smart Pack 5.28 90+LMI 7.49
PLAN Performance Plus 5.30 90 7.82
CBA 3 year Rate Saver 5.31 90+LMI 7.74
Homeside (nab) Home Plus 75-90% 5.32 90 7.49
St George Basic 5.32 90+LMI 7.49
Homeloans Ltd Premium Saver 5.34 90+LMI 7.94
ING Simplifier 5.34 90+LMI 7.49
RAMS Pro Pack Smartway 5.34 90+LMI 7.19
St George Advantage Variable 5.34 90+LMI 7.34
Suncorp Standard Variable 5.35 90 7.19
ANZ Breakfree Variable 5.36 90 7.69
ANZ Simplicity Plus 5.36 90 7.69
Westpac Flexi First 5.36 92 7.59
Westpac Premier Advantage Variable 5.36 92 7.39
Police&Nurses CU Dream Home Loan 5.39 95+LMI 7.09
Homeside (nab) Home Plus Variable>90% 5.42 95 7.49
Suncorp Standard Variable>90% 5.55 95+LMI 7.39
Police&Nurses CU Easy Pay 5.78 95+LMI 7.09


Westpac, St George and CBA will lend up to 95+LMI only for existing customers who have held required accounts for at least 6 months


other lenders will accept applications from new customers up to 95+LMI at higher rates

: +LMI indicates lenders who will add the Mortgage Insurance premium to the base loan


All lender approvals are subject to their own specific eligibility criteria


Lenders are now requiring loan applicants to meet tougher eligibility requirements. The following tips will improve your chances of obtaining a loan approval:

  • be able to demonstrate strong savings patterns. Most lenders now require proof of at least 5% genuine savings. Bank statements over the last three months are essential. Money should not be held in cash or in parents’ accounts.
  • steady employment history. Lenders like to see that applicants have held their current job for 12 months or have been in the same industry for 2 years.
  • keep payslips, Group Certificates and tax returns as proof of income
  • eliminate other debts if possible. Pay off personal loans and eliminate credit cards if possible. These reduce your borrowing power.
  • ensure that you do not incur payment defaults on your credit record. Clean credit history is important.
  • arrange a pre-approval prior to actual purchase. Although they do not guarantee a final bank approval, pre-approvals are still valuable in gauging how much you can borrow and what the lender requires.

    Contact Melbourne Mortgage Finance for assistance with your loan application. There is no charge for helping you arrange your new loan.

    Barry LeBrocq

    Melbourne Mortgage Finance
    Mob 0437417042
    Web www.mmfinance.com.au

    Disclaimer: the above information is intended as general information only and is not intended to cover specific personal situations. Every effort has been made to ensure that content is accurate, however it should be understood that lenders are constantly changing their products, interest rates and lending policies. Potential borrowers should contact Melbourne Mortgage Finance to discuss their specific personal financial needs and loan eligibility prior to making a borrowing decision.

Melbourne Mortgage Finance offers an extensive range of mortgage products and services including

Home Loans, Investment Loans, Equity Access Loans, Low Doc Loans, 100% Loans, Refinance Loans, Commercial Loans, Deposit Bonds, Reverse Mortgages, Accommodation Bonds, Vehicle Finance, Plant and Equipment Finance, Financial Planning and Business Finance.

IMMEDIATE appointment can be made to meet at your home or office

  • NO CHARGE for assisting you. We receive a standard fee from the lender you select
  • reliable service, communication and follow-up. See “Testimonials
  • accreditation with 20 national lenders, allowing you to select from an excellent range of loans
  • we carefully listen to your needs, do our research, then present you with a short-list of three potential loan solutions. You choose the lender.
  • printouts of products, fees, interest rate and loan features are provided
  • arrange for your property insurance and personal insurance requirements to be assessed
  • ongoing availability to assist you after loan settlement
  • over 30 years experience in arranging finance and mortgage loans