Cash-Out Second Mortgages in Burbank
Keep Your First Loan in Place.
Tap the equity in your Burbank primary residence or investment property for a business or investment purpose, without refinancing your existing first mortgage, subject to our underwriting.
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Cash-Out Second Mortgages in Burbank
What to Know About Burbank
Burbank is known for its studios, but most of the city is residential: smaller homes from the 1920s through the 1950s in neighborhoods like Magnolia Park, hillside streets toward the Verdugo Mountains, and the Rancho area near Griffith Park, where some properties are zoned to keep horses.
Burbank homeowners often have equity built up over decades in Magnolia Park or the hillside neighborhoods, and a first mortgage they’d rather leave alone. A private second can put that equity to work for a business purpose on a primary residence, or pull capital from a rental, while the first loan stays in place.
How It Works
Cash-Out 2nd Mortgage Terms
Rates, points and fees depend on the property and the deal and are disclosed in writing before you commit.
Where We Lend
Burbank Neighborhoods
We lend throughout Burbank and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Burbank: Questions
Can I use equity from my Magnolia Park home for my business?
Yes. That’s exactly what a business-purpose second mortgage is for. Your first loan stays in place, and a signed business-purpose statement is part of closing.
Do you lend in Burbank?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Burbank, rather than routing them through an out-of-state call center.
Can I borrow against my primary residence?
Yes, when the loan is for a business or investment purpose. That’s what sets us apart from many private lenders who won’t lend on an owner-occupied home. A signed business-purpose statement is required at closing, and the proceeds can’t be used for personal or household expenses.
More in Burbank
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Burbank Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Burbank and Los Angeles County, California
Michael Daniel Investments, Inc.
417 Arden Ave, Suite 121A, Glendale, CA 91203 · (818) 937-9987
California Department of Real Estate DRE# 02037255 and NMLS# 233991.