Cash-Out Second Mortgages in Lemon Grove
Keep Your First Loan in Place.
Tap the equity in your Lemon Grove 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 Lemon Grove
What to Know About Lemon Grove
Lemon Grove is a small East County city between La Mesa and San Diego, known for its giant lemon landmark downtown. Most homes are single-story mid-century houses on generous lots, with some hillside streets and a trolley line running through the middle of town.
Lemon Grove owners have often been in their homes for decades, building equity on a house that cost far less when they bought it. A private second makes that equity available for a business purpose, on a primary residence or a rental. The original first loan doesn’t change.
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
Lemon Grove Neighborhoods
We lend throughout Lemon Grove and the rest of San Diego County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Lemon Grove: Questions
I’ve owned my Lemon Grove home for decades. Can I borrow against it for my business?
Yes. A business-purpose second mortgage uses your equity while your first loan stays as it is.
Do you lend in Lemon Grove?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite San Diego County deals directly, including Lemon Grove, 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 Lemon Grove
Cash-Out Second Mortgages Elsewhere in San Diego County
Have Equity in Your Lemon Grove Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Lemon Grove and San Diego 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.