You can only change ONE letter, AND/OR rearrange the letters currently available. The first word is:
WINS
char
arch
hark
hear
area
rare
rhea
raze
daze
adze
zeal
gale
late
laze
meal
elms
lyme
rely
lyse
lose
pose
seal
Uh-oh, both posted at the same time. I'm following the first, sorry.
pods
so I am the looser of the day ;)
dose