Cash-Out Second Mortgages in Norwalk
Keep Your First Loan in Place.
Tap the equity in your Norwalk 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 Norwalk
What to Know About Norwalk
Norwalk grew quickly in the postwar boom, and most of its homes are single-story tracts from the 1950s on flat land in southeast Los Angeles County. The city is home to Cerritos College and the county’s registrar-recorder offices, and the Metro C Line ends here at the 105 Freeway.
Norwalk is full of 1950s houses owned by the same families for decades, and those owners often have significant equity with a small or paid-down first. When a first is still in place and worth keeping, a business-purpose second accesses equity without replacing it. Investors with Norwalk rentals can borrow the same way.
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
Norwalk Neighborhoods
We lend throughout Norwalk and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Norwalk: Questions
My Norwalk house is almost paid off. Can I still get a second?
Yes. As long as a first mortgage is still in place, a second can sit behind it for a business or investment purpose, and a small remaining balance leaves more equity to work with.
Do you lend in Norwalk?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Norwalk, 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 Norwalk
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Norwalk Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Norwalk 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.