Cash-Out Second Mortgages in Orange
Keep Your First Loan in Place.
Check Your Eligibility ↓
Tap the equity in your Orange 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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Know Before You Call
Do You Qualify? What to Expect
Quick Self-Check
Is This the Right Loan for You?
- You own a home or investment property in California with real equity in it.
- The money is going to a business, an investment property or a project.
- You need $50K or more.
- You need to borrow more than 65% of the property’s value, counting your first mortgage.
- The money is for personal or household expenses.
Cash-Out Second Mortgages in Orange
What to Know About Orange
The City of Orange grew outward from the Plaza in Old Towne, one of the largest historic districts in California, with Craftsman bungalows and early twentieth-century homes on the surrounding blocks. East of the 55 the city turns into postwar tracts and then hillside neighborhoods like Santiago Hills and Serrano Heights.
Orange owners include long-time Old Towne residents, families in east-side hillside homes, and landlords renting to Chapman students. A private second lets you use equity for a business purpose on a primary residence, or from a rental, while the existing first mortgage is left alone.
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
Orange Neighborhoods
We lend throughout Orange and the rest of Orange County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Orange: Questions
I rent a house to Chapman students. Can I take equity out without refinancing?
Yes. A second mortgage sits behind your existing first, so that loan stays as it is. It’s for a business or investment purpose, and we’ll look at the rental income and your plan to repay.
Do you lend in Orange?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Orange County deals directly, including Orange, rather than handing them to 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 Orange
Cash-Out Second Mortgages Elsewhere in Orange County
Have Equity in Your Orange Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Orange and Orange 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.