Finance 101 April 4, 2018 Customer Presentation – Topic

Vice President – Commercial Loans Brittany Taylor About us: Steve Barnes Vice President – Commercial Loans Brittany Taylor Loan Assistant – Commercial Loans AVB Bank 2201 N Elm Pl Broken Arrow OK 74012 918.259.2541 sbarnes@bankavb.com Customer Presentation – Topic

Customer Presentation – Topic

Topics: Student Loans Mortgages Investments Business Loans Customer Presentation – Topic

Three years @ $24k per year in student loans www.osla.org Personal finance: Student loans Tax deduction! Three years @ $24k per year in student loans www.osla.org Average starting salary: $75k Customer Presentation – Topic

Yes, it’s a process (45 days) Home Sweet Home Mortgage Center flyer Yes, it’s a process (45 days) Don’t be afraid to rent for awhile when starting your career Monthly house payment, including insurance and taxes, should NOT exceed 25% of your income OR the house itself should cost around 2x to 3x your annual income Customer Presentation – Topic

Home Sweet Home and Down Payments FHA 3.5% Native American 2.25% Conventional 5%, 10%, 15% and 20%+ VA 100% financing Rural Development 100% financing but must by a home in the country Customer Presentation – Topic

Start the habit now – even if it’s only $50/mo Max the Match Investments The ICA Guide Start the habit now – even if it’s only $50/mo Max the Match Most employers match all or part of what you contribute to your 401(k) plan Roth IRA – pay tax now rather than later Keep some cash – three months’ expenses Customer Presentation – Topic

Starting a Business – Business Plan Location? Competition? Staffing? LLC? S-Corp? Limited your liability! Small Business Administration www.sba.gov Your personal credit will affect your business loans Customer Presentation – Topic

Starting a Business – Business Loans Down payment: 20% Variable rates: tied to Wall St Journal Prime Equipment: five-year term Real estate: 15-year term Term of loan = life of asset Customer Presentation – Topic