Posted in hidden mortgage trap

Did you know that more than half of Australian mortgage holders could be losing thousands without even realising it?Recent research from Money.com.au shows that 57% of Australians have never checked if their offset account is correctly linked to their home loan. This simple oversight could cost borrowers over $111,000 in extra interest over a 30-year loan term on a $600,000 mortgage at 5.50%.What’s going on?Many homeowners assume their lender automatically links their offset account to thei...