Cash-Out Second Mortgages in Glendale
Keep Your First Loan in Place.
Tap the equity in your Glendale 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 Glendale
What to Know About Glendale
Glendale is where our office is, on Arden Avenue. Much of the city went up between the 1920s and the 1950s, with Spanish revival and Craftsman homes in Rossmoyne, Adams Hill and the Verdugo Woodlands, hillside streets climbing toward the Verdugos, and a fast-growing Downtown.
Many Glendale homeowners have owned for a long time and sit on substantial equity in Rossmoyne, Montrose or the hills above Glenoaks, often with a first mortgage at a rate they’d never get again. Because we’re based here, we can see your property in person. A private second puts that equity to work for a business purpose without refinancing the first.
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
Glendale Neighborhoods
We lend throughout Glendale and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Glendale: Questions
Can you see my Glendale property in person?
Yes. Our office is on Arden Avenue in Glendale, so we can usually walk the property with you, which helps us move faster on a second mortgage.
Do you lend in Glendale?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Glendale, 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 Glendale
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Glendale Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Glendale 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.