Cash-Out Second Mortgages in Mission Viejo
Keep Your First Loan in Place.
Tap the equity in your Mission Viejo 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 Mission Viejo
What to Know About Mission Viejo
Mission Viejo was developed as a master-planned community from the late 1960s through the 1980s, centered on Lake Mission Viejo, a private lake for residents. Much of the city is under homeowners associations.
Mission Viejo owners in 1970s and 1980s homes often have substantial equity and a first mortgage they’d rather not touch. A private second accesses that equity for a business purpose on a primary residence, or from a rental, without refinancing.
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
Mission Viejo Neighborhoods
We lend throughout Mission Viejo and the rest of Orange County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Mission Viejo: Questions
Can I use equity from my Mission Viejo home near the lake?
Yes. A business-purpose second mortgage accesses it without refinancing your first loan.
Do you lend in Mission Viejo?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Orange County deals directly, including Mission Viejo, 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 Mission Viejo
Cash-Out Second Mortgages Elsewhere in Orange County
Have Equity in Your Mission Viejo Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Mission Viejo 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.