Tap the equity in your Glendora 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 Glendora
Glendora sits against the San Gabriel Mountains at the eastern end of the San Gabriel Valley, with Route 66 crossing the south side of town and a small historic downtown known as the Village. Older citrus-era homes are found near downtown, postwar ranch tracts fill the flatter areas and custom homes climb into the foothills to the north.
Glendora owners in foothill custom homes, postwar ranch houses and older homes near the Village often have equity built up over many years. A second sits behind your existing first mortgage, for a business or investment purpose, on your residence or a rental. Foothill properties can carry higher insurance costs because of fire risk, and that is part of the picture we review.
How It Works
Rates, points and fees depend on the property and the deal and are disclosed in writing before you commit.
Where We Lend
We lend throughout Glendora and the rest of Los Angeles County, including these areas.
Straight Answers
Yes. A second goes behind your existing mortgage for a business or investment purpose. Insurance costs on foothill homes are part of what we review.
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Glendora, rather than handing them to an out-of-state call center.
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 Glendora
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Get Started → or call (818) 937-9987Serving Glendora 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.