Michael Inkman - Fairway Home Mortgage

10/16/2026

Can You Get a Mortgage on a Home That Has Been Moved From Another Location?: Most buyers assume that the home they are purchasing has always been located on its current property. However, some houses have been physically relocated from one location to another.

Whether a historic home was preserved by moving it or an existing structure was transported to a new lot, the property's relocation history can create unique questions during the mortgage process.

The post Can You Get a Mortgage on a Home That Has Been Moved From Another Location? appeared first on Michael Inkman.

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10/15/2026

Why a Mortgage Lender May Question a Property With More Than One Parcel: Imagine finding a beautiful home that comes with an extra piece of land next door. Perhaps the additional lot provides more privacy, a larger backyard, or room for future improvements.

While this may sound like an attractive bonus, purchasing a home that includes multiple parcels can introduce mortgage questions that buyers might not expect.

The post Why a Mortgage Lender May Question a Property With More Than One Parcel appeared first on Michael Inkman.

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10/14/2026

What Happens When the Seller Has Not Paid Off a Home Improvement Loan?: A newly installed roof, upgraded windows, or modern heating system can make a home more attractive to buyers. However, what happens when the seller is still making payments on those improvements?

The post What Happens When the Seller Has Not Paid Off a Home Improvement Loan? appeared first on Michael Inkman.

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10/13/2026

Why a Home With a Shared Septic System Can Complicate Mortgage Financing: A home can look perfect during a showing, but certain features of the property may create questions when it comes time to secure a mortgage. One situation buyers may not anticipate is purchasing a home that shares a septic system with another property.

The post Why a Home With a Shared Septic System Can Complicate Mortgage Financing appeared first on Michael Inkman.

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10/12/2026

What’s Ahead For Mortgage Rates This Week – October 12th, 2026: The FOMC Minutes and Consumer Sentiment report were the most impactful calendar items last week, further reinforcing the Federal Reserve's resolve to bring inflation down to its 2% target rate.

The post What’s Ahead For Mortgage Rates This Week – October 12th, 2026 appeared first on Michael Inkman.

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10/09/2026

Why Buying a Home From a Family Member Can Make the Mortgage More Complicated: Buying a home from a parent, grandparent, sibling, or another relative may seem easier than purchasing from a stranger. You already know the seller, may know the property's history, and might even agree on a price without extensive negotiations. But the family relationship can introduce mortgage considerations that are different from those in a typical purchase between unrelated parties.

The post Why Buying a Home From a Family Member Can Make the Mortgage More Complicated appeared first on Michael Inkman.

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10/08/2026

What Happens to Your Mortgage When the Home Has an Unfinished Addition?: You find a home you love, but there is one unusual feature. Maybe the previous owner started adding a bedroom and never finished it. Perhaps a bathroom is partially remodeled, a garage conversion is incomplete, or a new section of the house is still visibly under construction. Buyers may see opportunity in unfinished space, but a mortgage lender may need to evaluate the property as it exists today.

The post What Happens to Your Mortgage When the Home Has an Unfinished Addition? appeared first on Michael Inkman.

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10/07/2026

Why the Source of Your Down Payment Can Matter as Much as the Amount: You have calculated your down payment and know exactly how much money you plan to bring to the purchase. That is an important step, but there is another question buyers sometimes overlook: Where is that money actually coming from? A $40,000 down payment sitting in one savings account can create a different planning process than $40,000 being assembled from several different financial sources.

The post Why the Source of Your Down Payment Can Matter as Much as the Amount appeared first on Michael Inkman.

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10/06/2026

Why Your Mortgage Approval Can Change When the Home Has an Accessory Dwelling Unit: 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 post Why Your Mortgage Approval Can Change When the Home Has an Accessory Dwelling Unit appeared first on Michael Inkman.

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10/05/2026

In today's market, many buyers have learned how to negotiate seller concessions, temporary buydowns, and other strategies to lower their payment.

What do you think?

A low interest rate can hide points, buydowns, and fees that cost you more. Compare the full loan math — APR, break-even, and credits — before you sign.