Frequently Asked Questions

• What’s a mortgage? Is it the same thing as a home loan?

  Technically, a home loan is the money you borrow to purchase your home, while a mortgage is the legal agreement you make with the bank for the loan. However, the terms are used interchangeably at Axos Bank and by just about everyone inside and outside the lending industry.

• How do I know which home loan is best for me?

  Reach out to our mortgage experts at 888-546-2634. They’re available to answer questions, assess your goals, and walk you through the options that make the most sense for your unique financial position. This is a free, no-obligation consultation.

• What’s the best way to prepare for a mortgage?

  Congratulations on taking the leap into homeownership! Doing your research, preparing your finances, and gathering important documents will help you pave the way for a seamless loan experience. Get started while you search for the perfect location so you’re ready to act fast.

  
  

  Check out these articles for tips and details to help you prepare:

  
  

  • First Time Homebuyer's Steps to Success
  • First-Time Mortgage Refinance Guide
  • Have You Saved Enough To Buy a Home?
• How can I find the best mortgage rate?

  Market conditions can change quickly, and so can mortgage rates. One of the best ways to secure the best rate is by subscribing to a mortgage rate alert service.

  
  

  Axos Bank offers a free Rate Watch service that allows you to customize alerts based on your target market rate, loan program, and email frequency. Get started with Rate Watch when you check today’s mortgage rates.

• How can I track the value of my property?

  If you’re thinking about selling your home or would like to utilize home equity to cover a large expense, you can track your property’s estimated value with with our partner HomeAdvantage's property valuation calculator.