Cash-Out Second Mortgages in San Diego
Keep Your First Loan in Place.
Tap the equity in your San Diego 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 San Diego
What to Know About San Diego
The City of San Diego stretches from coastal neighborhoods like La Jolla and Point Loma to inland mesas and the northern suburbs around Rancho Bernardo. Canyons cut through many of its older urban neighborhoods, and the housing ranges from early twentieth-century Craftsman bungalows in North Park to post-war tract homes in Clairemont and newer planned communities farther north.
A lot of San Diego owners bought years ago in places like Clairemont or Point Loma and now sit on equity they never planned to touch. A private second lets you use it for a business purpose, on a primary residence or a rental, and the first mortgage stays where it is. For owners in City Heights with small multi-unit buildings, the rents and the existing loan are both part of how we look at the file.
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
San Diego Neighborhoods
We lend throughout San Diego and the rest of San Diego County, including these areas.
Straight Answers
Cash-Out Second Mortgages in San Diego: Questions
I have a fourplex in City Heights. Can I pull equity without refinancing it?
Yes. A second mortgage sits behind the loan you already have, so the building’s first stays as it is. A current rent roll helps us understand the property.
Do you lend in San Diego?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite San Diego County deals directly, including San Diego, 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 San Diego
Cash-Out Second Mortgages Elsewhere in San Diego County
Have Equity in Your San Diego Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving San Diego and San Diego 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.