Mel Finance
Melbourne Refinance Mortgage Broker


Mel Finance is listed in the top 25 brokers for Customer Service out of 19,000 Mortgage Brokers Australia-wide


Refinancing your home loan can offer numerous benefits, including:

  • Lower Monthly Payments: By refinancing your mortgage to a lower interest rate, you can potentially save thousands of dollars over the life of your loan.
  • Access to Equity: If you’ve built up equity in your home, refinancing can allow you to access this money for home improvements, debt consolidation, or other expenses.
  • Better Interest Rate: If interest rates have dropped since you took out your original mortgage, refinancing can allow you to take advantage of these lower rates and potentially save money on your monthly payments.
  • Flexibility: Refinancing gives you the opportunity to choose a loan product that better fits your current financial situation and goals.


At Mel Finance, we have years of experience helping clients in Melbourne find the best refinance solution for their individual needs. Our team of expert mortgage brokers will work with you to:

  • Review your current mortgage and financial situation
  • Identify your goals and priorities
  • Find the best refinance options for your individual needs
  • Update you with special offers from lenders such as cashback offers
  • Guide you through the refinancing process from start to finish
  • We do all the leg work including liaising with your existing lender to ensure a smooth transition.


Did you take out a home loan or mortgage some time ago at an interest rate much higher than those in the market today?



Advantages and disadvantages of refinancing: Refinancing can offer many advantages, but it’s important to understand the potential drawbacks as well. Advantages of refinancing include lower interest rates, improved loan terms, and access to cash. Some of the disadvantages of refinancing can include upfront fees and closing costs, a potential impact on your credit score, and a longer loan term that could lead to higher overall interest payments. We can help you weigh the pros and cons of refinancing and determine if it is a good option for you.

Common misconceptions about refinancing: There are many misconceptions about refinancing, such as the idea that you must refinance with your current lender or that you can only refinance if you have perfect credit. Our team can help you understand the truth about refinancing and dispel common myths.

Benefits of using a home loan broker to guide the process: Using a home loan broker in Melbourne can help you find the right loan product for your needs and negotiate better rates and terms. A broker can also help you understand the costs associated with refinancing, such as fees and closing costs, and help you avoid potential pitfalls. With our help, you can be confident that you are making an informed decision about refinancing your home loan.


Refinancing a home loan can seem like a complex process, but it can be broken down into several steps. These steps typically include assessing your current loan, comparing offers from lenders, selecting a new loan product, and finalising the new loan. We can help you with each of these steps and guide you through the process.


  • Assess your current loan to determine if refinancing is the right option for you.
  • Compare offers from different lenders to find the best rates and terms.
  • Choose a new loan product and apply for the loan.
  • Provide documentation and information to the lender, including income verification and other financial information.
  • Complete the closing process and finalise the new loan.


Cashback offers can be an attractive option for homeowners looking to refinance their home loan. However, it’s important to understand the terms and conditions of these offers and make sure you are getting a good deal. 


Disadvantages of refinancing, such as fees, new closing costs, and potential impact on credit score. Refinancing can come with some potential downsides, such as upfront fees and closing costs that can add up quickly. Additionally, refinancing can impact your credit score in the short term, which may make it more difficult to obtain other types of credit.

Refinancing may not always be the best option for homeowners, especially if the cost of refinancing exceeds the potential savings. For example, if you plan to sell your home in the near future, refinancing may not be worthwhile. Additionally, if your current interest rate is already low, refinancing may not provide a significant benefit.

At Mel Finance we can help you understand the potential risks and downsides of refinancing and determine if it’s the right choice for you.

Don’t wait, contact us today to learn more about how we can help you achieve your financial goals through refinancing your home loan.

Your One-Stop Destination for All Loan and Refinancing Demands

If you need guidance as a first home buyer, we can help. Situated in Melbourne, our experienced brokers offer diverse home loan options for first-time buyers. We provide personalised services for a smooth transition to home ownership. Through careful lender comparison, we ensure you land the best deal with the most competitive rates.

Embark on your property investment journey with the confidence of making informed decisions. Discover a range of investment loans, handpicked by industry experts, that perfectly match your unique needs. Benefit from savvy advice on tax-effective loan structures, whether you’re stepping into the property market for the first time or enhancing your existing portfolio.

Understanding the demanding lifestyle of medical professionals, we help source the best options in home loans for doctors. Our skilled brokers equip you with crucial knowledge, easing your mortgage pathway. Our aim? A swift, secure home loan process, so you can focus on what truly matters to you.

Refinance Mortgage Broker Melbourne
Refinance Melbourne


We understand that mortgages aren’t one-size-fits-all, and that’s where we step in, offering personalised advice on every aspect of your home loan journey.


As your go-to mortgage broker for refinancing, we focus on understanding your personal circumstances and financial commitments. Our aim is to help you unlock equity from your current property and secure lower interest rates on your new loan, allowing you to pay off your loan faster.


Our experienced mortgage brokers analyse the home loan market comprehensively. We sift through a variety of loan products from different lenders to help you secure the best deal on your refinance application. A key feature of our service is helping you understand all the costs involved in refinancing. We explain the implications of lender’s mortgage insurance, ongoing fees, and the loan amount in the context of your borrowing costs.


And it doesn’t stop there! We also offer personal advice on how to manage your credit file and the eligibility criteria for various loan products. Whether you are after a better deal on your existing loan, or exploring options for a new loan for an investment property, we work to ensure that the complexity of the home loan market becomes a less daunting task.

Our personal loans service aims to offer you a simpler way to manage your other debts. By consolidating debt, you could secure lower interest rates and free up additional funds each month, putting the most money back into your pocket.

Google Reviews

Great experience! Lumbini is a great advisor and I would highly recommend him for future brokering advice.
Lachie Sinclair
Lachie Sinclair
February 28, 2024
Best broker I’ve dealt with! I haven’t had to lift a finger, went through the whole process better than I could have ever asked for. I had a ton of questions and got them answered without even asking them. You’re an absolute star Lumbini.
Sandeep Singh
Sandeep Singh
February 24, 2024
Lumbini was amazing with helping me a get a home loan, he explained things easily, found a bank and loan that was suited to me and was there 100% throughout the transaction, Lumbini is officially my broker and would happily recommend him to anyone - thanks Lumbini
Sarah Lewellin
Sarah Lewellin
January 24, 2024
Lumbini made the process so simple and easy for us! He was able to get the approval for us within short period of time to meet the settlement time. He is very professional, patient and supportive through the process of organising the loan and everything went through seamlessly. Would highly recommend!
Andrew Liang
Andrew Liang
January 9, 2024
Managed out refinance excellently. Communication was great.
Maxwell Chiazor
Maxwell Chiazor
January 8, 2024
Our first home buying experience was stress free and less daunting with Lumbini's assistance and reassurance throughout the whole journey. Lumbini always ensures that all our queries and requests are addressed in a prompt manner. He is knowledgeable and his advice is practical and always for our best interest. We are very pleased to have found Lumbini as our mortgage broker. I would highly recommend Mel Finance for anyone who is looking for home financing.
Maria T
Maria T
December 24, 2023
Mel Finance and Lumbini for Best long term mortgage engagements!! We just completed our second property with them and looking forward for more!!! When it comes to mortgages and account formation Lumbini always take care of details and gives you a great peace of mind. Best offers and market leading lenders are their specialties. Apart from just getting the loan sanctioned they advise you on facts and reality which help you make best decision rather than burning money in a long run. Unlike just client lender broker relationship Lumbini and Melfinance strive to keep a long term relationship with client which is only possible by providing quality services and continuous support. Look no further if you need best advices on current market conditions!
Jayesh Nath
Jayesh Nath
December 4, 2023
Lumbini was incredibly helpful throughout the whole process. We were first home buyers had had no idea where to start and he explained everything to us and answered every one of our questions with patience. I would highly recommend Lumbini as your mortgage broker he is experienced and helps put your mind at ease with all the stressors. Would recommend him to family and friends without question!
Hannah M
Hannah M
November 12, 2023
I am delighted to share my recent experience in purchasing a new home and express my heartfelt appreciation to our dedicated mortgage broker, Lumbini. Throughout the entire process, Lumbini exhibited a remarkable level of professionalism, great service, and care. His patience and attention to detail during our consultations were truly outstanding, making the complex journey of securing a mortgage simple and seamless. I wholeheartedly recommend his services to anyone in need of expert guidance in the mortgage arena. Thank you, Lumbini, for your exceptional support and expertise! 😊
Elizabeth Z
Elizabeth Z
November 3, 2023
Lumbini was fantastic to work with. He made the process less complicated and provided appropriate advice and care. Overall a pretty seamless engagement and couldn't be happier with the outcome. Would definitely be engaging for future mortgage needs. 😀
David Lim
David Lim
October 23, 2023


We know that organising a mortgage loan can be demanding and time-consuming. That’s why we have a personalised and straightforward way for time-poor Melburnians to still get the best deal outside of business hours. With our 13-page questionnaire and cutting-edge loan-filtering software, our mortgage advisor can efficiently locate the best mortgage loan for your situation. This process allows us to give you the best possible rates while saving you time, resources and stress.

Which suburbs do you get approved home loans in?

We service clients in the Melbourne CBD area and across the surrounding suburbs of Melbourne. These include:



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