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  • Writer's pictureJared Mullane

Top 5 best mortgage brokers in Ballarat

Updated: 2 days ago

We searched through a wide range of choices to bring you our list of five top Ballarat mortgage brokers. We'll give you details about what they offer, any awards they've won, and more. Also, we'll help you understand what to think about when picking a broker and the important questions you should ask.


Who are the best mortgage brokers in Ballarat?

A mortgage broker sitting down with a client next to a laptop in an office

Finding the right mortgage broker means finding someone with in-depth knowledge of home lending and who, importantly, can apply it to your situation through tailored support and product options.


To make it easier for you, check our picks of five of the best brokers in Ballarat:

1. Loan Market - Matthew Farrell

Loan Market’s Ballarat headquarters is led by Matthew Farrell, a specialist mortgage broker who’s passionate about helping his clients achieve their financial goals. With two decades of experience in the banking sector, Matthew has access to thousands of products through his extensive network of lenders. In his own words, “I’ve helped hundreds of clients meet their personal and business goals by simplifying the lending process and developing customised and complete funding solutions”.


Specialises in:



Lender panel: 60+ lenders


Years in operation: 3+ years


Awards & recognition: (nominated to the wider Loan Market group)


  • Australian Mortgage Awards 2021 Winner - Aggregator of the Year (Over 500 Brokers)

  • Australian Mortgage Awards 2020 Winner - Aggregator of the Year (Over 500 Brokers)

  • The Adviser Australian Broking Awards 2019 Winner - Industry Thought Leader of the Year 

  • The Adviser Australian Broking Awards 2019 Winner - Technology Platform of the Year

  • Australian Mortgage Awards 2019 Winner - Aggregator of the Year (Over 500 Brokers)


Google review rating: 5 stars (based on 34 reviews)


Contact:



Business hours: Mon-Fri, 9am - 6pm


Onsite/online appointments: Yes

2. Mortgage Express - Tracey Pye

Tracey Pye is the Finance Consultant at Mortgage Express, servicing central and western Victoria, including Ballarat. Tracey specialises in a variety of home loan products, leveraging the latest technology to give clients a ‘comprehensive comparison of the very best options in the marketplace’. Mortgage Express says it works only for its clients, and will negotiate on your behalf to get the most suitable deal. 


Specialises in:


  • Home loans

  • First home buyer loans

  • Next home loans

  • Refinancing

  • Investment loans


Lender panel: 30+ lenders


Years in operation: 15+ years


Awards & recognition:


  • The Adviser Better Business Awards 2019 Finalist - Best Regional Broker VIC

  • MFAA Excellence Awards 2018 - State Finalist


Google review rating: 5 stars (based on 35 reviews)


Contact:



Business hours: 


  • Mon-Fri, 8:30am - 7pm

  • Sat, 9am - 12pm


Onsite/online appointments: Yes

3. Real Estate Home Loans

Established in 2000, Real Estate Home Loans are one of the most experienced broking firms in Ballarat. Real Estate Home Loans has solid connections with its lender network, dedicated to helping you find the right mortgage while providing education on borrowing money. In addition to mortgages, Real Estate Home Loans can also help with commercial loans and car finance.


Specialises in:


  • Home loans

  • First home buyer loans

  • Upsize/downsize home loans

  • Refinancing 

  • Investment loans


Lender panel: 30+ lenders


Years in operation: 20+ years


Awards & recognition: None listed


Google review rating: 4.9 stars (based on 110 reviews)


Contact:



Business hours: Mon-Fri, 9am - 6pm


Onsite/online appointments: Yes

4. Rayne Finance

Rayne Finance, led by home loan specialist Rebecca Ebbes, has access to a wide range of lenders, helping borrowers with various financial needs. Rebecca says she “provides expert guidance to a diverse range of clients, and works hard to understand their individual goals and unique situation.” Rayne Finance claims to offer dynamic investment, refinancing and home-buying experiences. 


Specialises in:


  • First home buyer loans

  • Investment loans

  • Self-employed loans

  • Construction loans

  • Debt consolidation loans


Lender panel: 60+ lenders


Years in operation: No details listed


Awards & recognition: None listed


Google review rating: 5 stars (based on 29 reviews)


Contact:


  • Phone: 0417 532 162

  • Email: Submit an online enquiry via the Rayne Finance website

  • Address: No physical address listed

  • Website: https://rayne.finance/


Business hours: No details listed


Onsite/online appointments: Online only

5. Yellow Brick Road Ballarat

The Yellow Brick Road Ballarat team, consisting of Paul Farley, Andrew Drummond and Tracey Carr, are experts in lending and finance. With decades of experience, Yellow Brick Road Ballarat has a ‘distinct focus on building long-lasting relationships by providing all consumers with outstanding customer service and access to quality mortgage advice’.  


Specialises in:


  • Home loans

  • First home buyer loans

  • Refinancing

  • Investment loans

  • Pre-approval


Lender panel: 35+ lenders


Years in operation: 10+ years 


Awards & recognition:


  • YBR Regional Branch of the Year 2022 - Lending


Google review rating: 5 stars (based on 19 reviews)


Contact:



Business hours: Mon-Fri, 9am - 5:30pm


Onsite/online appointments: Yes


How to find a good mortgage broker in Ballarat

To find a top mortgage broker in Ballarat, here’s what you can do:


  • Check what previous clients have said about brokers in online reviews. Look for consistent themes in positive or negative reviews.

  • Ask friends, family or colleagues who have recently worked with a local broker in Ballarat for recommendations. 

  • Book a meeting with your chosen mortgage broker to see how well they communicate and understand your situation. 

  • Pick a broker who offers reliable advice tailored to your specific circumstances and financial goals. 

  • Discuss how the broker gets paid to ensure transparency. Keep in mind that while most brokers earn commissions, some may charge upfront fees.


Your broker should have an understanding of the Ballarat property market

An aerial view of Ballarat with homes and streets visible

Although Victoria’s regional property markets, such as Ballarat, saw growth during the pandemic, these regions are currently facing a downturn in prices. In fact, the median house price in Ballarat fell from $580,000 to $550,000 in the quarter ending December 2023 compared to the same period last year, as reported by the Ballarat Times. Despite the dip in prices, Ballarat remains a strong market, with many pundits expecting a turnaround later this year. 


That’s why it’s important your mortgage broker has a deep understanding of the local housing market. By being familiar with property trends, neighbourhood demographics and market fluctuations specific to Ballarat, your broker can offer insights that are relevant to your home-buying or investment goals.  


Your broker should be able to clearly outline the property transaction regulations, including transfer duty rates, as these can affect your borrowing needs. Furthermore, they should stay updated on any government grants or incentives available to specific borrowers, such as first home buyers.


A mortgage broker in Ballarat might also have access to products from local lenders that online brokers lacking a local presence may not be able to provide.


5 questions to ask your Ballarat mortgage broker

Once you’ve done your research and weighed up the pros and cons of using a broker, it’s important to ask these questions:


  1. How many lenders do you work with? Brokers usually work with different types of lenders like banks, credit unions and specialist lenders. Make sure they have lots of options.

  2. How do you pick products and lenders for me? Every broker in Australia should be guided by the ‘Best Interests Duty’, where recommendations are based on a client’s best interests, not a product or lender that makes them the most money.

  3. How do you make money? Most brokers won’t charge you directly. Instead, they get paid a commission by the lender you choose when your loan settles. In rare instances, such as if you have a particularly complex situation, they might charge a fee. 

  4. Is the interest rate the most important factor? A good broker will talk to you about everything in the loan, not just the interest rate. For example, the fees, terms and other features, like offset accounts and redraw facilities. 

  5. How long does it take to get pre-approval? Different lenders take different times. But a top broker who knows the lenders well should be able to give you an idea on how long it might take.


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Disclaimer: The mortgage brokers presented on this page are based on research carried out by our experts at the time of writing. We are not making a recommendation about any particular brokers. Please use this information as a guide only, and do your own research before engaging with a mortgage broker.

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