Cash-Out Second Mortgages in Encinitas
Keep Your First Loan in Place.
Tap the equity in your Encinitas 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 Encinitas
What to Know About Encinitas
Encinitas is a coastal North County city made up of distinct communities, from the beach towns of Leucadia, Cardiff-by-the-Sea and Old Encinitas to the rural, horse-friendly hills of Olivenhain. Homes along the ocean sit on coastal bluffs, and most of the western half of the city is in the coastal zone.
Encinitas owners tend to hold a lot of equity, and many have a first mortgage at a rate they want to protect. A private second taps that equity for a business purpose on a primary residence or a rental while the first loan stays put. Bluff-top properties get a closer look, since setbacks and erosion can affect value.
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
Encinitas Neighborhoods
We lend throughout Encinitas and the rest of San Diego County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Encinitas: Questions
My Leucadia home is near the bluff. Does that affect a second mortgage?
It can. Bluff setbacks and erosion factor into value, so we look at the property closely. Your first loan stays in place either way.
Do you lend in Encinitas?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite San Diego County deals directly, including Encinitas, 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 Encinitas
Cash-Out Second Mortgages Elsewhere in San Diego County
Have Equity in Your Encinitas Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Encinitas 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.