Cash-Out Second Mortgages in Pasadena
Keep Your First Loan in Place.
Tap the equity in your Pasadena 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 Pasadena
What to Know About Pasadena
Pasadena has one of the strongest concentrations of historic housing in Southern California, including Bungalow Heaven’s Craftsman bungalows, larger homes in Madison Heights and along the Arroyo, and hillside properties in Linda Vista. Several neighborhoods are designated landmark or historic districts.
Pasadena owners frequently hold significant equity in historic homes, and many have a first mortgage at a rate worth protecting. A private second accesses that equity for a business purpose on a primary residence, or for investment property, while leaving the first loan untouched.
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
Pasadena Neighborhoods
We lend throughout Pasadena and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Pasadena: Questions
Can I borrow against a historic Pasadena home?
Yes. Historic designation doesn’t prevent a second mortgage. We look at the property, the equity and how the loan will be repaid.
Do you lend in Pasadena?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Pasadena, 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 Pasadena
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Pasadena Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Pasadena 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.