Cash-Out Second Mortgages in Santa Clarita
Keep Your First Loan in Place.
Tap the equity in your Santa Clarita 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 Santa Clarita
What to Know About Santa Clarita
Santa Clarita grew mostly from the 1960s onward, so much of its housing is tract and master-planned, with Valencia as the best-known example. Older homes and the original downtown are concentrated in Newhall, while Canyon Country and the hills between neighborhoods bring slopes, canyons and brush.
A lot of Santa Clarita owners have built real equity in Valencia and Saugus tract homes, and many of those houses carry a first mortgage they don’t want to touch. Some newer neighborhoods also sit inside Mello-Roos districts, which adds a special tax to the monthly picture. We look at the home and the equity behind it, and size a second position without disturbing the first loan.
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
Santa Clarita Neighborhoods
We lend throughout Santa Clarita and the rest of Los Angeles County, including these areas.
Straight Answers
Cash-Out Second Mortgages in Santa Clarita: Questions
My Valencia home is in a Mello-Roos district. Does that matter?
It’s part of the picture, not a deal-breaker. The special tax is a carrying cost on the property, so we look at it alongside your equity, your existing first mortgage and how the loan will be repaid.
Do you lend in Santa Clarita?
Yes. We’re a California-licensed direct lender headquartered in Glendale, and we underwrite Los Angeles County deals directly, including Santa Clarita, 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 Santa Clarita
Cash-Out Second Mortgages Elsewhere in Los Angeles County
Have Equity in Your Santa Clarita Property?
Tell us about it and we’ll give you a straight answer.
Get Started → or call (818) 937-9987Serving Santa Clarita 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.