1. Finance 101
April 4, 2018
Customer Presentation – Topic

2. 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
Customer Presentation – Topic

3. Customer Presentation – Topic

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

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

6. 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

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

8. 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

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

10. 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