Cash-Out Second Mortgages in West Covina
Keep Your First Loan in Place.
Tap the equity in your West Covina 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 West Covina
What to Know About West Covina
West Covina, in the San Gabriel Valley, is mostly single-family ranch homes from the 1950s through the 1970s, with larger hillside homes in the South Hills above the valley floor. The 10 Freeway runs through the middle of the city.
A lot of West Covina owners have held their homes for decades and built steady equity, often with a first mortgage they want to keep. A private second puts that equity to use for a business purpose on a primary residence, or for a rental, without refinancing the first.
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
West Covina Neighborhoods
We lend throughout West Covina and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in West Covina: Questions
Can I pull equity from my West Covina rental without touching the first loan?
Yes. A second mortgage sits behind the existing first, so its rate and terms stay as they are.
Do you lend in West Covina?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including West Covina, 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 West Covina
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your West Covina Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving West Covina 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.