Cash-Out Second Mortgages in Compton
Keep Your First Loan in Place.
Tap the equity in your Compton 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 Compton
What to Know About Compton
Compton, in south Los Angeles County along the 91 and 710 Freeways, is mostly single-family homes from the 1920s through the 1950s, many on larger lots than nearby cities offer. Richland Farms on the west side keeps agricultural zoning that allows horses and livestock on deep residential lots.
Compton has many long-term owners who have built equity in single-family homes, along with investors holding rentals around the city. A private second can access that equity for a business or investment purpose while the first mortgage stays put. Richland Farms properties are unusual, so we look closely at lot size and how the property is used.
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
Compton Neighborhoods
We lend throughout Compton and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Compton: Questions
Can I borrow against my Richland Farms property?
Yes. We look at the lot, how it is used and the equity behind it, and your first mortgage stays in place.
Do you lend in Compton?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Compton, 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 Compton
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Compton Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Compton 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.