Kate Wood | Source | Home Expert at NerdWallet
Kate Wood
Kate Wood joined NerdWallet in 2019 as a Writer on the homes and mortgages team. Her work on homebuying, renovation and FHA loans has been featured by USA Today, Yahoo, MSN and The Associated Press, among others. Kate previously wrote about home remodeling, decor and maintenance for This Old House magazine. With degrees in sociology from Vassar College and the University of California, San Diego, Kate is passionate about issues like housing inequality.
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NerdWallet
Home and Mortgage Expert -
NerdWallet
Home Expert
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Zillow's fix-and-flip 'Offers' business to close
Up to 25% of workforce to lose jobs following $422 million loss
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Pending home market sees first uptick in sales since February
"The recovery has not taken place, but the housing recession is over"
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Finance TikTokers Claim One Easy Move Will Cut Your Mortgage in Half—But Here’s What Experts Say
If you’ve fallen down the rabbit hole of budgeting and mortgage hacks, you’re not alone. I can’t get enough of these short videos telling me how to save money. In fact, there’s one piece of advice I’ve seen repeatedly across Instagram and TikTok: If you make one extra mortgage payment a month, it will cut the length of your 30-year mortgage in half. In theory, that makes sense. If you’re making twice the payments, that gets you to the end twice as fast, right?
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iBuyers' success comes from volume and speed, so it's not especially surprising that this type of sellers' market presents challenges for that business model.
