Cash-Out Second Mortgages in Downey
Keep Your First Loan in Place.
Tap the equity in your Downey primary residence or investment property for a business or investment purpose, without refinancing your existing first mortgage, subject to our underwriting.
By submitting you agree to be contacted by phone, text, or email about your inquiry. Consent is not a condition of obtaining a loan. See our Privacy Policy.
Cash-Out Second Mortgages in Downey
What to Know About Downey
Downey is a largely mid-century city in southeast Los Angeles County, with ranch homes from the 1940s through the 1960s and some notably large lots in North Downey. Its aerospace history, including the space shuttle program, is still part of the city’s identity.
Downey has many long-term owners in mid-century homes with substantial equity and a low-rate first mortgage. A private second lets you use that equity for a business purpose on your primary residence, or pull capital from a rental, while the first loan stays put.
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
Downey Neighborhoods
We lend throughout Downey and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Downey: Questions
Can I use the equity in my North Downey home for an investment?
Yes. A business-purpose second mortgage accesses that equity while leaving your first loan in place.
Do you lend in Downey?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Downey, 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 Downey
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Downey Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Downey 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.