Scouring for mortgage bargains is probably the next thing on your mind after a spate of out of cycle rate rises by some of the major banks. With more rate rises expected in the near future now is an ideal time to review your existing loan to see if it still holds good value.

But is now a good time to refinance? Our article on this issue explores the merits and risks of switching in the current market as well as experts tips on how to maximise your savings.

If you've decided to switch your mortgage or simply looking for a new loan, you've come at the right place. Over the past three months, we have been busy updating and verifying our database of more than 1000 mortgage products available in Australia, and analysing the true value of each. Our goal was to find out which loans could save you the most over three years, five years and ten years period. We were pleasantly surprised by the results.

Despite perception of diminished competition, Australian lenders are still aggressively pricing their mortgages, especially in the prime lending segment. Unsurprisingly, the independent interest rate rises by some of the banks had made their products more expensive compared to the other lenders.

In this issue you will discover that there are tens-of-thousands of dollars of savings to be had by choosing the right loan. However, while there are still many competitively priced mortgage products in the market, it takes a lot of research and reading of fine print to find the best deals. More often than not, a cheap rate ends up being more expensive in terms of overall costs and the lack of features.

So after assessing a broad array of mortgage products, we're thrilled to bring you the results of this special report where we compared six different categories of loan products to help you identify the best home loan deals currently available in the market. For the complete result, check out the latest issue of Your Mortgage magazine out on sale now