Cash-Out Second Mortgages in Lake Forest
Keep Your First Loan in Place.
Tap the equity in your Lake Forest 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 Lake Forest
What to Know About Lake Forest
Lake Forest was known as El Toro until the city incorporated in 1991. It combines older neighborhoods from the El Toro era with newer master-planned areas like Foothill Ranch, Portola Hills and Baker Ranch.
Lake Forest owners range from long-time residents in the original El Toro neighborhoods to newer buyers in Baker Ranch. Many have a first mortgage worth keeping. A private second accesses equity for a business purpose on a primary residence, or from a rental, without a refinance.
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
Lake Forest Neighborhoods
We lend throughout Lake Forest and the rest of Orange County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Lake Forest: Questions
Can I tap equity in my Lake Forest home without refinancing?
Yes. A second mortgage leaves your first loan in place.
Do you lend in Lake Forest?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Orange County deals directly, including Lake Forest, 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 Lake Forest
Cash-Out Second Mortgages Elsewhere in Orange County
Have Equity in Your Lake Forest Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Lake Forest 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.