What to Know About Buying a Co-op
With a co-op, you aren’t actually buying a home. Instead, you’re buying shares in a corporation that allow you to live in a home. This can make financing a co-op…
Kate Wood
Kate Wood is a writer for NerdWallet, focusing on mortgages, homebuying and homeownership. She previously wrote about home renovation, maintenance and remodeling for This Old House magazine. Kate has an educational background in sociology, and issues like reducing housing inequality are close to her heart. Email: [email protected]
Posts by Kate Wood:
For Lower-Credit Homeowners, Refinancing Is Harder, but Not Hopeless
With mortgage interest rates hitting record lows, many homeowners have already refinanced — but others are having trouble finding a lender that will approve a new loan. According to a…
Understanding the USDA Streamlined Assist Refinance
The USDA streamlined assist refinance program lets eligible homeowners refinance their existing USDA loans without undergoing a credit check or having their debt-to-income and loan-to-value ratios calculated. The program is…
Teacher Next Door and Other Home Buyer Assistance for Educators
Trying to buy a home on a teacher’s salary can be difficult, but there are national, state, local and lender-specific programs that can provide some relief. Doing your homework —…
Homes for Heroes: Assistance for Home Buyers and Sellers
Homes for Heroes connects first responders, teachers, health care workers, members of the military and veterans with local real estate and lending professionals. You’ll receive a discount — which varies,…
What to Know About Buying a Townhouse
On the spectrum of home types, townhouses fall in between detached single-family homes and condos. Have your heart set on a location, but priced out of its single-family homes? A…
What to Know About Buying a Condo
For some prospective home buyers, a condo can be a springboard to homeownership. A condominium can be an affordable alternative to a detached single-family home, giving you ownership of an…
Alternatives to Buying a Single-Family Home
A single-family home has plenty of upsides: privacy, space and the freedom to make as many changes as you want (within the scope of zoning regulations, of course). But the…
What You Should Know About Mortgage Forbearance
Concerned about making your next mortgage payment? Forbearance may be an option. Working with your lender to get forbearance helps you avoid late penalties and avert the risk of foreclosure.…
Mortgage Relief Programs for Homeowners Hit by the Coronavirus Crisis
The coronavirus outbreak has left many Americans dealing with reduced income or unemployment. In response, the federal government enacted the Coronavirus Aid, Relief, and Economic Security Act, which in part directs…
