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  • Frequently Asked Questions

    What do I need to do in order to qualify for a home loan?

    The answers to this question vary greatly depending on the type of loan you want, your income level, and other factors. Your credit score will play a very big part in determining how much of a loan, and what rates, you qualify for and this will influence the size and type of house you can afford. One of the best ways to get started is to use online mortgage calculators, which will give you a general idea of what you can expect. You can also call upon the experience and knowledge of Avex Funding agents to answer your questions and start you on the path to home ownership.

    What is the difference between a fixed rate mortgage and an adjustable rate mortgage (ARM)?

    A fixed rate mortgage locks in an interest rate that will not change over the duration of the loan. An ARM includes an interest rate that periodically adjusts. There are also loans that combine fixed rate and adjustable rates, e.g., a loan that includes a fixed rate for five years and then switches to an adjustable rate.

    What is the difference between a mortgage broker and a mortgage banker?

    Mortgage brokers take your information and then look through numerous available loans from various lenders to find a loan that is in your best interests. In essence, brokers are the intermediaries between you and a mortgage banker or lender.

    Mortgage bankers, on the other hand, provide funds for mortgage loans. Avex Funding is a mortgage banker, which eliminates the middle man between you and a loan. Because we control the funding process, we can offer lower rates and quick loan turnarounds.

    What does it mean to refinance a home?

    Refinancing is a way of applying for a home loan to replace the one you already have. You may wish to take advantage of lower interest rates, reduce your monthly payments on your loan, or cash out the equity in your home. We can help you through the refinancing process, as well as help you determine if refinancing is in your best financial interests.

    What is the best interest rate?

    You’ll find the best interest rates on a five-year fixed loan.

    What is the lowest thirty-year fixed-rate you have?

    We offer most thirty-year fixed-rate mortgages at under four percent.

    Do you offer no-cost loans?

    Yes, we do.

    How fast can you close a loan?

    We can close a loan in twelve business days or less.

    Do you offer jumbo loans?

    Yes. We are a jumbo loan specialist.


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    (408) 240-6888

    Avex Funding
    720 Montague Expressway
    Milpitas, CA 95035


    Mon-Fri: 9:00 AM - 6:00 PM

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      (408) 240-6888