Cash-Out Second Mortgages in Pomona
Keep Your First Loan in Place.
Tap the equity in your Pomona 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 Pomona
What to Know About Pomona
Pomona, at the eastern end of Los Angeles County, has some of the oldest housing in the region, with Victorian and Craftsman homes in Lincoln Park and Wilton Heights near downtown. Phillips Ranch and the Ganesha Hills add later hillside neighborhoods, and the city is home to Cal Poly Pomona and the Fairplex.
Pomona has longtime owners in historic homes near downtown and newer hillside owners in Phillips Ranch, and both groups often want to keep the first mortgage they have. We place a private second behind it. The purpose has to be business or investment, which can include a primary residence used to fund a business. We review the property, the equity and the repayment plan.
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
Pomona Neighborhoods
We lend throughout Pomona and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Pomona: Questions
Can I borrow against my Lincoln Park Victorian without touching my first loan?
Yes. A second sits behind your existing mortgage, for a business purpose on a primary residence or on an investment property.
Do you lend in Pomona?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Pomona, 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 Pomona
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Pomona Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Pomona 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.