Cash-Out Second Mortgages in Whittier
Keep Your First Loan in Place.
Tap the equity in your Whittier 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 Whittier
What to Know About Whittier
Whittier was founded by Quakers in the late 1800s and still has a core of early twentieth century homes around Uptown and Whittier College. Postwar tracts spread across the flatter east side, and the Whittier Hills to the north bring larger hillside homes in areas like Friendly Hills.
Whittier owners in Friendly Hills, College Hills and the older neighborhoods around Uptown often have strong equity and a first mortgage worth leaving in place. A business-purpose second sits behind that first. Investors with rentals in East Whittier or near Uptown can use the same structure.
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
Whittier Neighborhoods
We lend throughout Whittier and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Whittier: Questions
Can I use equity in my Friendly Hills home for my business?
Yes. A business-purpose second goes behind your existing first, and that loan is not refinanced.
Do you lend in Whittier?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Whittier, 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 Whittier
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Whittier Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Whittier 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.