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Lachie Beech - Mortgage Magician

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Lachie Beech - Mortgage Magician

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My passion is helping make your dreams come true by making the home loan process simple and stress-free. If you're after a loan I'll help make it appear!

If you want to pay off your debts faster, that's where I support you to make them disappear!

06/11/2026

Happy Friday! what a way for 1 of our clients to end the week

06/11/2026

📉 The latest rate rise didn’t just increase repayments — it also reduced borrowing power.

Pre rate rise we recently ran a client through multiple lender calculators:

🏦 Firstmac: $500,193
🟠 ING: $463,652
🔵 ANZ: $452,717

Same income.
Same debts.
Same borrower.

Nearly $47,500 difference in borrowing capacity.

Post Rate Rise:
Using the same client scenario across three lenders, the 0.25% increase reduced maximum capacity by roughly:

• Firstmac: -$12,737
• ING: -$11,786
• ANZ: -$11,308

Same borrower. Same income. Same debts.

Different lender. Different result.

And for homeowners thinking about refinancing, there’s another number that matters just as much:

Your property value.

If your property value falls while your loan balance stays the same, your LVR increases and your available equity reduces.

So you can potentially be squeezed from both sides:

📈 Higher rates = lower borrowing capacity
📉 Lower property value = higher LVR

That can make a refinance that works today harder to achieve later.

This isn’t about rushing into a refinance for the sake of it.

But if you’ve already been thinking about reviewing your loan, consolidating debt, restructuring or changing lenders…

earlier may give you more options than later. 👀

Because sometimes the best time to review your lending is before you actually need to.

Borrowing capacity and refinance outcomes depend on individual circumstances, lender policy, property value and loan structure.

28/10/2026

HIGHER INFLATION. HIGHER RATES.

BUT… LOWER PROPERTY PRICES? 👀

Inflation: 4.3%

Big 4 forecast:
+0.25% in November

Higher rates can mean:

📉 Softer property prices
👥 Less buyer competition
🤝 More negotiating power

For prepared investors…

a tougher market can create opportunity.

Not every market or property behaves the same.

📈 Inflation is up. Another rate rise looks increasingly likely.

At first glance, that sounds like pretty ordinary news for property investors.

Higher repayments.
Tighter borrowing capacity.
More pressure on cash flow.

But there’s another side to it. 👀

Higher interest rates can also take heat out of the property market.

When borrowing capacity falls, fewer buyers can compete at the same price point — which can mean:

🏠 Softer prices
🤝 More negotiating power
👥 Less competition at opens and auctions
💰 Potentially better buying opportunities

Melbourne is a good example right now, with property values still sitting below their recent peaks.

That doesn’t mean “prices are down, therefore buy anything.”

Far from it.

For investors, the focus should still be on:

Purchase price + rental yield + cash flow + borrowing structure + long-term property quality.

Because a softer market can be uncomfortable for sellers…

…but for a well-prepared buyer with borrowing capacity and a long-term plan?

It can also create opportunity.

Sometimes the best buying conditions don’t arrive when everyone feels confident.

They arrive when everyone else is a little nervous. 👀

28/10/2026

🏠 Your tenant pays $750 a week. The bank? They’ve got their own calculator out.

That’s $39,000 a year in gross rental income.

But when a lender assesses your borrowing power, it generally won’t simply drop the full $39,000 into the calculator and call it a day.

This is where rental shading comes in.

One lender might recognise 95% of the rent…

$750 × 95% = $712.50 per week

Sounds great — until you realise they may then separately allow for things like rates, insurance, management fees, maintenance or other property expenses.

Another lender may only recognise 80%…

$750 × 80% = $600 per week

…but that larger 20% haircut may already be designed to account for some of those costs.

So strangely enough…

95% rental shading isn’t automatically better than 80%. 🤯

You need to look at the whole servicing methodology, including:

• How much rent is accepted
• What expenses are deducted
• Whether an expense floor applies
• How the existing investment loan is assessed
• Whether negative gearing benefits are recognised
• And the lender’s overall servicing rules

That’s why two lenders can look at the exact same $750-a-week investment property and produce very different borrowing-power results.

Banks aren’t necessarily disagreeing about your rent.

They’re just doing different maths with it. 😂

Same borrower.
Same property.
Same rent.
Different lender. Different answer.

26/10/2026

If Mum and Dad give you $50,000 towards your home purchase, a lender will want to understand one key thing:

Is it genuinely a gift — or do you have to pay it back?

🎁 A genuine gift is generally provided with no expectation of repayment.

💸 A family loan may be treated differently because it can create another financial commitment.

Then there’s genuine savings.

Some lenders have stricter rules around how long deposit funds need to be held or how they’re evidenced.

NAB recently relaxed part of its policy, allowing eligible gifted or inherited funds to be used towards genuine savings without the usual 90-day holding period, provided the source is properly documented and the funds are unconditional and non-refundable.

That’s a great example of why lender policy matters.

Same borrower.
Same property.
Different lender. Different answer.

The cheapest-looking rate isn’t always the most important starting point.

Sometimes it’s about finding the lender whose policy actually fits your situation.

If the Bank of Mum & Dad is helping with your deposit, understand how the funds will be treated before making an offer. 👀

26/10/2026

Why work with us at Impact Mortgage Brokers? 🤝

Because when you call us… you actually get your broker.
Not the “I’ll just check with someone else” department. 😅

From first chat to settlement day, the qualified person answering your questions is the same person handling your loan the whole way through.

No getting bounced around.
No repeating yourself 14 times.
No wondering who’s actually in charge of your application.

Just real guidance, real strategy, and a relationship — not a transaction. 🏡

Turns out having direct access to your broker shouldn’t be a luxury… but here we are. 😉

21/10/2026

Cheapest doesn’t always mean best.

A low interest rate is important.

But choosing a home loan purely by the rate can be a little like choosing the cheapest flight… then discovering the luggage, seat and snacks are all extra. 😅

A home loan needs to fit more than today’s repayment.

Things like:

🏦 Offset accounts
🔄 Repayment flexibility
📋 Lender policy
🏠 Future property plans
💰 How you manage your savings
📈 What you may want to do next

ASIC’s latest review of mortgage brokers put a spotlight on exactly this.

Under the Best Interests Duty, brokers must act in their client’s best interests when recommending a loan.

That doesn’t mean the cheapest loan automatically wins.

Sometimes a higher-cost option may genuinely be better suited — but there should be a clear reason why it benefits that particular client.

For example, paying slightly more for the right loan structure or features may make sense.

Paying more for no meaningful benefit? Different story. 👀

The goal isn’t simply to find the smallest number on a comparison table.

It’s not just about finding a rate.
It’s about finding the right fit.

20/10/2026

Don’t judge your borrowing power by one lender’s calculator.

A common mistake borrowers make is assuming:

“My bank said no… so I must not be able to borrow.”

But lenders can assess the exact same application very differently.

A great example is self-employed income.

One lender might take a fairly conservative view of your financials, while another may have policy that allows certain legitimate add-backs, such as depreciation or other non-cash expenses.

Some lenders may also have different approaches to:

• Self-employed income history
• Overtime, bonuses or commissions
• Rental income
• Existing debts and credit cards
• Living expenses
• Company or trust structures
• Alternative income documentation

That doesn’t mean there’s always another lender willing to say yes — affordability still matters.

But it does mean one lender’s answer isn’t necessarily the whole market’s answer.

And that’s one of the biggest advantages of using a mortgage broker.

Rather than trying to make your situation fit one bank, we can compare lenders and work out which policies are better suited to your circumstances.

Because sometimes the solution isn’t earning more.

It’s knowing which lender understands your situation. 👀

14/10/2026

The rate rise made the headlines. Today we got a look behind the decision. 👀

The RBA’s September meeting minutes have been released — and there’s a little more to unpack than simply “rates went up.”

The Board actually considered both options:

➡️ Hold rates, and allow previous increases more time to work through the economy.

➡️ Increase rates, because inflation risks had become more concerning.

Ultimately, every Board member voted for the 0.25% increase to 4.60%.

Why?

The RBA pointed to continued cost pressures, stronger-than-expected inflation signals, weak productivity and global factors including higher energy prices.

So… does this mean another rate rise is coming?

Not necessarily. 🔮

Minutes explain why a decision was made — they’re not a guaranteed preview of the next one.

But they do tell borrowers something important:

The RBA isn’t declaring victory over inflation yet.

So rather than trying to perfectly predict November, it may be more useful to check the things you can actually control:

🏦 Is your current rate competitive?
💰 What would another repayment increase do to your budget?
🛟 Do you have enough repayment buffer?
🏠 Has your borrowing capacity changed?
🧩 Does your loan structure still make sense?
💵 Is your offset being used effectively?

Interestingly, the RBA also noted that mortgage borrowers overall remain relatively resilient, with low arrears and substantial savings buffers — although some households are already cutting discretionary spending as costs bite.

The next RBA move is uncertain.

Your numbers don’t have to be.

13/10/2026

Your bank might love your loyalty… just not enough to give you their best rate. 😅

Here’s something many borrowers don’t realise:

The rate offered to a new customer can be different to the rate an existing customer is paying.

That doesn’t automatically mean you need to refinance.

But it does mean your home loan probably deserves a check-up every now and then.

A good review should look at:

🏦 Your current interest rate
📉 What your lender is offering new customers
💬 Whether your existing lender will reprice your loan
🔄 Whether another lender actually offers a better overall deal
💰 Fees, cashback offers, offset features and loan structure

Because the cheapest-looking rate isn’t always the best loan.

And refinancing for the sake of saving 0.05% can sometimes create more paperwork than benefit.

But if there’s a meaningful gap?

That’s when it’s worth asking questions.

Before jumping straight to a refinance, the first step can be as simple as:

“Is my current rate still competitive?”

If the answer is no, then we can work out whether negotiating with your current lender or looking elsewhere makes the most sense.

Loyalty is great for coffee cards.
Your home loan? Maybe review it occasionally. ☕️👀

Address

Glen Waverley
Melbourne, VIC
3150

Opening Hours

Monday	8am - 8:30pm
Tuesday	8am - 8:30pm
Wednesday	8am - 8:30pm
Thursday	8am - 8:30pm
Friday	8am - 8:30pm

Telephone

+61419764825

Website

http://www.impactmortgagebrokers.com.au/

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