Blog — Tawnya King

06 Oct 2026

Why Your Mortgage Approval Can Change When the Home Has an Accessory Dwelling Unit

Home Buyer Tips

An accessory dwelling unit can make a property especially appealing. A detached guest house, converted garage, basement apartment, or backyard unit might provide space for relatives, a home office, or potential rental income. But when you are financing the purchase, that additional living space can introduce questions that would not necessarily exist with a more traditional single-family home. The Property Has to Be Evaluated TooMortgage approval is not based solely on the borrower's income, credit, assets, and debts. The property securing the mortgage also has to meet applicable requirements. When an ADU is present, the lender and appraiser may need…

05 Oct 2026

By Tawnya King

What’s Ahead For Mortgage Rates This Week – October 5th, 2026

Financial Reports

While the Core PCE Index came in at 3.0%, below the expected 3.3%, overall inflation remains well above the Federal Reserve's 2% target. With inflation still running above the Federal Reserve’s target, there remains room for rates to stay elevated or potentially increase over the next several rate decisions if the Fed remains focused on restraining inflation. The JOLTS job openings report has also revealed a larger-than-expected gap. Job growth across the board has been slowing, with growth concentrated in only a handful of sectors. The nonfarm payroll figures have also come in well below expectations, while the unemployment rate…

02 Oct 2026

By Tawnya King

What Happens When Your Closing Date Gets Pushed Back?

Home Buyer Tips

You scheduled the movers, arranged time off work, started packing, and expected to receive the keys on Friday. Then you learn that closing needs to be delayed. Even a short change in the closing date can affect more than moving day, which is why buyers should understand what may need attention when the timeline changes. The Mortgage Timeline May Need AttentionA mortgage transaction contains several items tied to specific time periods.Depending on the circumstances, a closing delay could affect documents, verifications, or other time-sensitive portions of the loan process. One important example is an interest rate lock. Rate locks generally…

01 Oct 2026

By Tawnya King

Why the Money in Your Bank Account May Need a Paper Trail Before Closing

Mortgage Tips

Having enough money in the bank is an important part of buying a home, but during the mortgage process, the amount in your account may not be the only consideration. In certain situations, lenders may also need to understand where funds came from. That can surprise buyers who assume that once money reaches their account, its history no longer matters. Mortgage Funds May Need to Be DocumentedDuring the mortgage process, buyers may provide bank or asset statements showing money available for the transaction.If an account contains certain recent deposits that are not easily explained by the documentation already provided, additional…

30 Sep 2026

By Tawnya King

Why Changing Jobs for More Money Can Still Complicate a Home Purchase

Mortgage Tips

Getting a new job with a higher salary sounds like good financial news, especially when you are preparing to buy a home. But if the change happens while you are applying for a mortgage, the timing can create additional questions. Mortgage qualification is not based solely on how much you earn. Lenders also evaluate the stability, history, and documentation of the income being used to qualify.Higher Income Does Not Automatically Mean Easier ApprovalA substantial raise can strengthen a buyer's finances, but a new employment situation may need to be reviewed before that additional income can be used.The type of compensation…

29 Sep 2026

By Tawnya King

How a Seller Credit Can Change the Cash You Need Without Changing the Home’s Price

Mortgage Tips

When buyers negotiate the purchase of a home, price often gets most of the attention. But the final sales price is not the only number that can affect how much money a buyer needs at closing. In some transactions, a seller credit can help with certain eligible closing expenses without requiring the seller to reduce the home's purchase price. What Is a Seller Credit?A seller credit, sometimes called a seller concession, is an amount the seller agrees to contribute toward certain buyer costs associated with the transaction. Depending on the mortgage program and transaction, eligible costs may include items such…

28 Sep 2026

By Tawnya King

What’s Ahead For Mortgage Rates This Week – September 28th, 2026

Financial Reports

With a light week the previous week, only a few data reports will have any far reaching impact, with the M2 money supply and the Federal Reserve Balance sheet giving the most insight. The M2 Money supply has really only increased ever since the COVID pandemic, and has more or less kept in line with the rate inflation has been impacting the costs of many sectors. While the Federal Reserve balance sheets show a trend of increasing lately, it has shown there is still restraint by the Federal Reserve which is evidenced by the recent increase in interest rates. They…