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What type of loan are you looking for?

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Mortgage Loan
Personal Loan
Credit Loan
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Highlights

  • Loan Amounts: Up to $20M
  • Geography: Nationwide in ALL 50 States
  • Property Types: Residential, Commercial
  • Occupancy: Long-Term or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs
  • LTVs: Up to 95%
  • DTI: 43% - 55%
  • Credit Score: 660 minimum

Ideal For

  • Consolidating and paying off debt
  • Additional funds for home renovation projects
  • People looking to purchase additional properties
  • People in need of extra cash
What are you looking to do?
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What's your credit like?
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What's your expected purchase size?
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Tell us a bit more about yourself.
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A member of our team will reach out to you shortly, or you can call us directly at (516) 289-9706 to speak with one of our loan experts right away.
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We're so sorry, we cannot help with personal loans right now.
If you're looking to purchase a home, refinance, or tap into your home's equity, please return to the form.
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Sorry, we cannot help with loans under $100,000 right now.
If you're looking for a loan of at least this amount, please return to the form.
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We're so sorry, we cannot help with your loan at this time.
For this size loan, all of our programs require a credit score of at least 620. If you are able to improve your score, don't hesitate to reach out in the future!
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Franklin S Gibbs
North Potomac, MD
The Modern Day Lending team was a pleasure to work with. They kept me up to date every step of the way on my mortgage process and answered all questions or concerns I had immediately. Given a chance in the future he would be my first choice to work with.

All 50 States, Covered.

Available states
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What to Expect When You Work with MDL

It is our team's goal to build long-term relationships with our customers and go the extra mile to guarantee their success.

We work with you every step of the way to find the perfect loan solution.

Connect With Us

Schedule an appointment with one of our experienced loan professionals and we'll work together to create the plan that's right for you.

Review Your Options

Our experts find the best rates, review financials, and find a product that fits both your short term needs as well long-term goals.

Celebrate Your Closing

Close on time and reach your goals. Our team works closely with you throughout the entire process—making sure to celebrate with you when the loan is secured!

Explore Mortgage Solutions

It's time to find a mortgage that will suit your needs. We'll help guide you through the process and make sure you have everything you need for success.

What Is a Cash-out Refinance?

A cash-out refinance is a refinancing of your mortgage in which you replace your current mortgage with a new one and take out additional money against the equity you've built over time. For example, if you have a home worth $500,000 and you owe $170,000 on it, you could refinance for a new mortgage of $220,000 and take out an additional $50,000 to use as cash for:

  • Home Improvements
  • Debt Consolidation (Credit Cards, Student Loans, Auto Loans)
  • Purchase an Investment Property
  • Paying for Your Child’s College Education
  • Alternative Investments (Stocks, Bonds, Private Equity)
  • Covering Emergency Expenses

Get in Touch with Our Team!

Get in touch with us today for a free rate quote. Get the loan that's right for you.

What You're Going to Need
for Pre-approval

Traditional
  • 2 years W2
  • 2 years personal tax returns
  • 30 days pay stubs
  • 2 months personal asset statements
  • Drivers license
Self-employed Borrower

At least ONE of the following three options:

  • Minimum of 12 months business or personal bank statements
  • Minimum of 1 year of Profit and Loss Statement Balance
  • Minimum of 1 year 1099

Also required:

  • 2 months personal asset statements
  • Drivers license
  • CPA letter to attest to your ownership
What You're Going to Need
for Pre-approval
  • Proof of Assets
  • Proof of Credits
  • Driver's License

Our Recent Fundings

We’ve helped hundreds of clients get the funding they need to purchase their next property. You could be next.

Bank Statement
FL
Loan Amount:
$2,200,000
Purpose:
Refinance
Purchase Price:
$200,000
Down Payment:

Single Family Home

Bank Statement
CA
Loan Amount:
$1,572,500
Purpose:
Refinance
Purchase Price:
$200,000
Down Payment:

1 family home

P & L
NJ
Loan Amount:
$332,500
Purpose:
Refinance
Purchase Price:
$200,000
Down Payment:

1 Family Home

Bank Statement
AR
Loan Amount:
$368,000
Purpose:
Refinance
Purchase Price:
$200,000
Down Payment:

1 Family Home

Bank Statement
LA
Loan Amount:
$120,000
Purpose:
Refinance
Purchase Price:
$200,000
Down Payment:

Bank Statement
MI
Loan Amount:
$500,000
Purpose:
Purchase
Purchase Price:
Down Payment:

See all of our Recent Fundings

Frequently Asked Questions

How much cash can I take out when refinancing?
What do I need preapproval for a traditional refinance?
Do I need mortgage insurance to qualify?
How long do I need to own my home before doing a cash-out refinance?
What do I need preapproval for a self-employed refinance?
What is a Cash-out Refinance?
How much do I need to put down for a down payment if I am purchasing a property?
Can I qualify for a cash-out refinance if I have a high debt-to-income ratio?
Do I need mortgage insurance to qualify?