Cash-Out Second Mortgages in Lancaster
Keep Your First Loan in Place.
Tap the equity in your Lancaster 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 Lancaster
What to Know About Lancaster
Lancaster sits in the Antelope Valley on the western edge of the Mojave Desert, well north of the San Gabriel Mountains. Most of its homes are tract subdivisions from the 1980s onward, with older houses around Lancaster Boulevard downtown and open desert acreage on every side of town.
Lancaster owners who bought newer tract homes on the west side, or picked up rentals across the city, often carry a first mortgage they’d like to keep untouched. A business-purpose second sits behind that loan. We look at the property, the equity in it and how the loan gets repaid. Investors with more than one Antelope Valley rental can talk with us about the property they want to borrow against.
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
Lancaster Neighborhoods
We lend throughout Lancaster and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Lancaster: Questions
I own a couple of rentals in Lancaster. Can I pull equity from one without refinancing?
Yes. A second mortgage goes behind the existing first on the rental you choose, and that first loan stays as it is.
Do you lend in Lancaster?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Lancaster, 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 Lancaster
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Lancaster Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Lancaster 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.