Aussie homeowners are losing tens of thousands of dollars on their mortgages after making a wrong assumption about their home loans.

Over half of mortgage holders have failed to check if their offset account is correctly linked to their home loan, with the error costing them thousands in unnecessary interest payments.

The Money.com.au survey found 57 per cent have never checked whether their mortgage offset account is correctly linked to their home loan one in ten borrowers thought their offset would be automatically linked to their home loan by their lender.

Mortgage expert Debbie Hays said most borrowers assume their offset account is automatically linked to their home loan, but that’s not always the case.

“We recently had a homeowner who received an inheritance and deposited $340

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