Cash-Out Second Mortgages in Arcadia
Keep Your First Loan in Place.
Check Your Eligibility ↓
Tap the equity in your Arcadia 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 Arcadia
What to Know About Arcadia
Arcadia rises from the San Gabriel Valley floor to the foothills, with Santa Anita Park and the Los Angeles County Arboretum near its center. Much of the city is large-lot single-family neighborhoods built from the 1930s through the 1960s, and many of those original ranch homes have since been replaced with much larger new houses.
Arcadia homes on big lots in neighborhoods like Santa Anita Oaks and the Rancho hold a great deal of equity, and many owners have a first loan they want to leave alone. A second mortgage reaches some of that equity for a business purpose on a primary residence or against an investment property. We look closely at the lot, since land value makes up so much of an Arcadia appraisal. The current first mortgage is not refinanced.
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
Arcadia Neighborhoods
We lend throughout Arcadia and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Arcadia: Questions
My Arcadia house is worth far more for the land than the structure. Does that matter for a second?
Not in a bad way. The appraisal values the whole property, land included. The second goes behind your existing first loan for a business or investment purpose.
Do you lend in Arcadia?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Arcadia, 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 Arcadia
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Arcadia Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Arcadia 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.