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Oops, I put seven syllables on the last line of the last haiku. Like I said, haven’t done this since high school! 🙂

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Oops, posted this to the wrong thread originally, sorry to have to re-post: My parents told me that they just put a good chunk of money into a local bank called Premier America Credit Union. Anyone know anything about this bank? Their website shows that they do I/O loans (with a 20% down), and they have a special loan program for those with "modest incomes" even if they have only 3% to put down, and no PMI needed! Hmmmm. Maybe I will need to pull one of those bank-rating reports that Powayseller has mentioned, are those in plain English and comprehensible to an economics/finance layperson like myself?

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My parents told me that they just put a good chunk of money into a local bank called Premier America Credit Union. Anyone know anything about this bank? Their website shows that they do I/O loans (with a 20% down), and they have a special loan program for those  with "modest incomes" even if they have only 3% to put down, and no PMI needed!  Hmmmm.  Maybe I will need to pull one of those bank-rating reports that Powayseller has mentioned, are those in plain English and comprehensible to an economics/finance layperson like myslef?

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Let’s say the seller’s agent is getting a 6% commission. Isn’t that usually split 50-50 with the buyer’s agent, so that the seller’s agent is really only getting 3%? If I can handle the transaction myself, and I purchase a house for $600K, don’t I save 18K by having the seller’s agent credit me (rather than a buyer’s agent) for half of the commission? Or do sellers’ agents simply refuse to do that because they hate to deal with unrepresented buyers?

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At least he cracked a smile at the “Eeyore” comment. He looks like he needs a vacation. Anyways, he strikes me as very intelligent, and I think he’s making a good call.

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Thanks rankandfile. Here's a test of the link.

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I’ve followed the prior thread with interest and am now following this one. Last September I purchased a large amount of somewhat conservative mutual funds with the money I got from selling my home the year before; they’re now up about 7%. The one-year surrender-charge period ends in about a month, just a few days before the next Fed meeting, and I’m deciding whether to cash them out and put the money into a money-market fund, or leave the money in the funds until I’m ready to use it as a down payment on a house. Suggestions?

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Those are some interesting points.

Powayseller, thanks for the excellent post on the median in the new thread. Now I get it. The question is, will John Q. Public? Probably not. John Q Public thinks that when the real estate agent interviewed by the local paper says the market is doing OK, the market is doing OK.

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Hi Powayseller

Would you please see my forum topic “Meaning of the Median?”; your post is actually one of the driving forces behind it. Thanks!

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