Understanding challenging times

Beyond Bank's Sophia Ngo and Matthew Schuyler. (supplied)

With the cost of living continuing to climb and wages struggling to keep up with inflation, many Australians are feeling financial strain.

However, if you’re a homeowner, relief could be hiding in plain sight – refinancing.

Shockingly, more than 50 percent of Australian homeowners don’t know the interest rate on their mortgage, according to research by Finder. As even a small difference in your interest rate can translate into thousands of dollars saved over the life of your loan, it pays to check.

Beyond Bank, one of Australia’s largest customer-owned banks, is stepping up to help. As home-loan specialists, Beyond Bank understands the challenges families face. They work closely with homeowners to understand their unique circumstances and deliver a tailored refinancing solution that goes beyond the basics.

By refinancing with Beyond Bank, homeowners can unlock the equity in their property to consolidate debt, fund renovations, or simply reduce monthly repayments. With smarter features like offset accounts, flexible repayment options, and competitive rates, Beyond Bank empowers customers to take control of their financial future.

With interest rates easing in 2025, now is the perfect time to review your home loan and see if it’s time to make a change.

“Our goal is to help Australians make the most of their home loan,” Beyond Bank Geelong branch manager Sophia Ngo said.

“Whether it’s lowering repayments to ease financial pressure or leveraging equity to fund renovations, we’re here to guide our customers every step of the way.”

To find out more, go to beyondbank.com.au or visit Sophia and the team at Beyond Bank’s Geelong branch at 49-51 Malop St.