Cash-Out Second Mortgages in Inglewood
Keep Your First Loan in Place.
Tap the equity in your Inglewood 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 Inglewood
What to Know About Inglewood
Inglewood sits just east of LAX, and much of the city lies under its flight paths. Housing is largely 1920s through 1950s bungalows and Spanish-style homes in places like Morningside Park and Fairview Heights, with plenty of apartments, while the SoFi Stadium and Hollywood Park redevelopment has changed the southern part of town.
Inglewood owners have seen a lot of attention on the city since the stadium went up, and many have equity in older homes and small apartment buildings. If you want to keep your current first mortgage, a business-purpose second can sit behind it. Rentals here can be subject to the city’s own rent control rules, which we take into account when looking at income property.
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
Inglewood Neighborhoods
We lend throughout Inglewood and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Inglewood: Questions
Can I take equity out of my Inglewood fourplex?
Yes, with a second behind your current first. Many Inglewood rentals fall under local rent control rules, so bring the rent roll and leases.
Do you lend in Inglewood?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Inglewood, 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 Inglewood
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Inglewood Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Inglewood 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.