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Monthly Meeting

with... Matt Kinsey

Bank lender - How to make it easy for your banker to get the best loan for you.

Wednesday, January 8, 2025 6:30 PM - 9:00 PM
USW Union Hall
501 Kelly Ave Akron, OH 44306
Our guest speaker will present multiple options for financing your next investment:
 

Matt Kinsey transitioned from the insurance industry to lending in 2020 and now offers a range of loan products, including financing for Single-Family Homes, Multi-Family Units, liens, business buyouts, equipment, and lines of credit.

With a focus on helping clients secure the best loan terms, Matt Kinsey stresses the importance of a solid Personal Financial Statement—since underwriters look beyond just taxes to assess your entire financial situation.

Matt Kinsey will provide practical insights to help you navigate the lending process with confidence.

1. What loan options are available for investment properties?
 Investors often want to know about the types of loans they can apply for, including:
Conventional loans
Portfolio loans
Hard money loans
Commercial property loans
DSCR (Debt Service Coverage Ratio) loans
They may also ask about the pros and cons of fixed-rate versus adjustable-rate mortgages.
 
2. What are the qualification requirements for an investment property loan?
 Investors typically inquire about eligibility criteria, including:
Minimum credit score requirements
Down payment percentages (often higher for investment properties, e.g., 15-25%)
Debt-to-income (DTI) ratio limits
Property cash flow requirements (e.g., DSCR requirements)
Necessary reserves for future mortgage payments
 
3. What are the interest rates and fees for investment loans?
Gain clarity on:
How investment property loan rates differ from primary residence loans
Closing costs, origination fees, and any prepayment penalties
Whether they qualify for better rates through points or higher down payments
 
These topics reflect common concerns around affordability, qualification, and the overall cost of financing investment properties.

Members:
Free
Non-Members:
$20.00
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Date:  Wednesday, January 8, 2025
Time:  6:30 PM - 9:00 PM

Location:
USW Union Hall
501 Kelly Ave
Akron, OH 44306

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