AG CREDIT. SHORT TERM ▸ To finance operating costs ▸ one month to a year ▸ purchase consumables - fuel, fert. seed, chemicals, etc. ▸ Personal level -

Slides:

Advertisements

Similar presentations

AGRICULTURAL CREDIT Original PowerPoint Created by Jonathon Pike Copied from Cal Poly Modified by Georgia Agriculture Education Curriculum Office June.

Advertisements

Mortgage Markets. I. Mortgage Mortgage A pledge of property to secure payment of a debt. Mortgagor: Borrower Mortgagee: Lender.

Mortgage Loans Fixed Income Securities. Outline  What is a mortgage?  Major Originators  Alternative Mortgage Instruments  Prepayments and their impacts.

Credit. CREDIT DEFINITIONS Credit Trust given to another person for future payment of a loan, credit card balance, etc. Creditor A person or company to.

CALM.  Able to buy needed items now and pay later.  Don’t have to carry cash  Creates a record of purchases  More convenient than writing cheques.

BANKING. INVESTMENTS. INSURANCE. Taking the Mystery Out of SBA Lending Presented by: Ed Lomasney Vice President, Business Banking The 504 Advantage:

Borrower Beware 1. Why Borrow? 2 Consumer Debt for 2012 Averages per US Household: O Average credit card debt: $15,204 O Average mortgage debt: $148,818.

Press Ctrl-A ©G Dear 2009 – Not to be sold/Free to use Cost of a Loan Stage 5 - Year 10.

Borrowing Basics 1. 2 Purpose Borrowing Basics: Describes how credit works and the types of credit available. Helps you determine if you are ready to.

CONSUMER LOANS PERSONAL FINANCIAL PLANNING DR. AA NEIDERMEYER.

Chapter 8 Preserving Your Credit. Slide 2 Buying a Car A car loan is usually an installment loan with monthly payments. 8-2 Long-Term Debt Repayment Make.

Introduction to Business and Marketing. OBJECTIVES  Identify the sources of credit  Understand the types of credit.

Credit Chapter 25.

CH 16 Residential and Commercial Property Financing.

Loans and Loan Types. Loans are used for many reasons Feed, seed and fertilizer purchases Machinery,livestock,and equipment purchases Land,building,and.

Chapter 16 Residential and Commercial Property Financing This chapter examines the legal framework that facilitates the real estate lending process. Real.

 a type of credit that is typically started at the time of purchase for a specific asset  Common for purchases of $1,000 or more  Ex. car, motorcycle.

Activator Chapter 11 What would be the disadvantage of putting your savings under your mattress? What are some places that you could invest your money.

Financial Literacy By. What I Know about Savings.

Loan To Own. 2 You Will Know  The different types of consumer installment loans and  The right consumer installment loan for your needs.

Stock Market Analysis and Personal Finance Mr. Bernstein Sources of Consumer Credit, pp March 12, 2013.

ECONOMIC EDUCATION FOR CONSUMERS ○ Chapter 10 LESSON 10.3 Sources of Consumer Credit GOALS ► Explain differences between a secured and an unsecured loan.

AP Economics Mr. Bernstein Sources of Consumer Credit June 2015.

Types of Consumer Borrowing Two basic forms of borrowing: Loans Credit Card accounts Loans can be secured or unsecured.

1 Chapter 2 Flow and Sources of Real Estate Funds.

Going into debt.  Credit- The receiving of money either directly or indirectly to buy goods and services today with the promise to pay for them in the.

Stock Market Analysis and Personal Finance Mr. Bernstein Sources of Consumer Credit, pp April 1, 2015.

 What are advantages of credit  What are disadvantages of credit.

Chapter 4, Section 3. Creditworthiness Are you trustworthy enough to pay back your loans? Your credit rating is a way of showing just how trustworthy.

Credit 3 C’s of Credit. Character – Will you repay the Debt?  Have you used credit before?  Do you pay your bills on time?  Do you have a good credit.

Loans and Interest Rates Agriculture Credit. Suppose we own a farm and are looking for one of these tractors? Cost: $225,

Business Administration & Management Mr. Bernstein Services Banks Provide to Businesses, pp May 18, 2015.

HOW TO GET AND KEEP CREDIT. PICKING A CREDIT CARD You will have to fill out an application. It will ask about where you live, where you work, what other.

Searching for Capital. How much will you need? Depends on: Type of business Kinds of products / services provided Who suppliers will be Where you are.

Agribusiness. What is agribusiness? Sector of the industry that combines agricultural production and business decisions. Important to farmers because.

Credit. CREDIT DEFINITIONS Credit Trust given to another person for future payment of a loan, credit card balance, etc. Creditor A person or company to.

Today’s Schedule – 11/28 PPT: Money Supply & Banking Rdg: Pitfalls of Credit Card Debt Bonus Quiz: Money HW: Read 17.2/17.3 Start Studying for Unit 5 Test.

Credit 8.01 Evaluate various sources of credit available to the government, business, and consumers. T G3.

Jeopardy Begins with c Loans Poor credit Consumer Credit consumer Finance Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300 Q $400 Q $500 Final.

Credit Credit: borrowing money to pay for something now while promising to repay it later. Lender: the person loaning the money Borrower: receives the.

Your Own Home The benefits and pitfalls of renting versus owning Renting Owning Mortgage 3 C’s Pre – Qualification Shop for a Loan Pre-Approval On-Approval.

Copyright © 2009–2011 National Academy Foundation. All rights reserved. AOF Principles of Finance Unit 2, Lesson 7 Credit and Debt.

Chapter 10 Long-Term Debt. Characteristics of LT Debt Usually have to make payments as we go Some have balloon payments Interest can be fixed or variable.

Chapter 4 Going into debt.

© 2010 South-Western, Cengage Learning Chapter © 2010 South-Western, Cengage Learning Credit in America 16.1 Credit: What and Why 16.2Types and Sources.

Your Money Matters A Financial Literacy Workshop Presented by the Office of Student Financial Aid Services.

CREDIT. The Need for Credit  Credit is buying now and paying later  Today 80% of purchases are made with credit  Qualifying for Credit  Income- Money.

Goal 7.3 Debt and Credit Objective: Summarize the impact and risks of credit.

Understanding Debt Federally insured by NCUA Great Rates. Personal Service. chevronfcu.org 

Banks, Credit Unions, Savings & Loans. Vocabulary Transactional Account - A deposit account at a financial institution which allows its users to access.

6.00 Sources of Credit Unit C Basic Business Law Objective 6.02.

What is Credit? Buy now, pay later Loans:PersonalMortgages StudentDebt consolidation AutoCredit Cards BusinessCash Advances.

 October 20, 2011 Objective: Students will identify the types of credit available to consumers and the sources of credit.

What is Credit? The privilege of using someone else’s money for a period of time. The creditor loans the money The debtor is the person/business that.

Lesson 9B: Evaluating the Benefits and Costs

Credit applications vocabulary

Loans and Interest Rates Agriculture Credit

Read to Learn Name the places where you can get credit, and list the three different types of credit cards.

Banking, Interest, and Credit

Borrowing Basics Showing you the Way.

MYPF 16.1 Credit: What and Why 16.2 Types and Sources of Credit

The longest journey begins with the first step.

Shopping for an Automobile Loan

What Bad Credit Unsecured Loans Makes a Convenient Option for Emergency Funds

HARD MONEY LOANS DALLAS ARE IDEAL FOR SHORT TERM FINANCING.

Lesson seven credit presentation slides.

Personal Loans.

MYPF 16.1 Credit: What and Why 16.2 Types and Sources of Credit

Unit 4 – Day 1 Types of Loans.

Presentation transcript:

AG CREDIT

SHORT TERM ▸ To finance operating costs ▸ one month to a year ▸ purchase consumables - fuel, fert. seed, chemicals, etc. ▸ Personal level - clothing, appliances, etc. ▸ May be in form of “Line of Credit”

AG CREDIT LONG TERM ▸ To make investments ▸ vehicles, buildings, real estate ▸ car/truck years ▸ Buildings/real estate = years ▸ Down Payments ▸ Balloon Payment

Ag Credit SOURCES OF CREDIT ▸ Credit Cards ▸ Local banking institutions ▸ Credit Union ▸ Farm Credit Services (FCS) ▸ Insurance Companies ▸ Rural Development (fka: FHA)

Ag Credit Secured vs. Unsecured Secured loans need COLLATERAL, unsecured do not. Collateral = asset pledged or mortgaged to secure repayment of a loan. Lien = having rights to something that has been used to secure loan.

▸ Down Payment - initial payment to secure a loan ▸ Balloon Payment - large payment at the end of a term of a loan.