HELOC or Cash-Out Refinance: Which Is Right for Me?
Homeowners can leverage their home equity to get more done. But how do you know which home equity loan option to choose?
Planning to purchase a home?
With Axos Bank you'll close on time – guaranteed.
To learn more call 888-546-2634.
Select Purchase or Refinance to get started
Axos Bank offers a Close-of-Escrow Guarantee to homebuyers nationwide. If we miss the close of escrow date on your new home purchase, subject to the guidelines and exclusions outlined below, Axos Bank will waive its lender fee, up to a $950 savings.
Single family home purchase loans only.
The close-of-escrow date on the fully executed purchase contract must be no less than 30 days from the application date of your loan.
Fully executed purchase contract must be provided to Axos Bank within 24 hours of the application date.
Borrowers are required to execute initial loan disclosures within 48 hours of receiving them via email.
Borrowers are required to submit all loan conditions to Axos Bank within 48 hours of each request.
Borrowers are required to execute closing documents within 24 hours of when they are delivered to escrow.
The appraisal must be scheduled within 5 days of the application date, with inspection no later than 15 days before close of escrow date.
Exclusions
Short sales
Delays due to unforeseen appraisal issues
Refinance and Home Equity transactions
New Home Construction
Properties with repairs needed or additional inspections required based on appraisal
Loans with guideline or pricing exceptions
Loan amounts of $1 million or greater
Loans requiring two appraisals
Delays due to weather or an act of God
Any deviation from the general guidelines stated in this guarantee
It only takes 15 minutes. Please have a valid ID and your Social Security number ready.
Homeowners can leverage their home equity to get more done. But how do you know which home equity loan option to choose?
Use our mortgage calculator to help you set a realistic budget and determine a perfect home loan fit.
Worried that refinancing your home loan will be too much effort? Check out this guide.