Cash-Out Second Mortgages in Cypress
Keep Your First Loan in Place.
Check Your Eligibility ↓
Tap the equity in your Cypress 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 Cypress
What to Know About Cypress
Cypress began as dairy country and incorporated in 1956 as Dairy City before changing its name the next year. Today it is flat and mostly single-family, with tracts from the 1950s through the 1970s, Cypress College, and Los Alamitos Race Course, which sits inside Cypress despite its name.
In Cypress, many houses have been with the same owners for decades, and the balance on the first mortgage is often modest next to what the home is worth now. Owners who need business capital can place a private second behind that first loan on their primary residence, and investors can do the same on a Cypress rental. Nothing about the existing first changes.
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
Cypress Neighborhoods
We lend throughout Cypress and the rest of Orange County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Cypress: Questions
My parents’ old Cypress house is now my rental and still has a first mortgage on it. Can I add a second?
Yes. The second goes behind that first loan, which stays as it is. For a rental the purpose is investment, and we’ll review the property, the existing loan and your repayment plan.
Do you lend in Cypress?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Orange County deals directly, including Cypress, 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 Cypress
Cash-Out Second Mortgages Elsewhere in Orange County
Have Equity in Your Cypress Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Cypress 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.