A good credit rating is built on a number of financial factors including paying your bills on time and the length of your credit history, but loans can also be a source of bolstering your credit score in a positive way. While this means that loans can actually be a good thing, there are also the kinds of loans that can have a damaging impact on acquiring a mortgage. If you’ll soon be pursuing your own home purchase, here are some loans that may have a negative impact.
Borrowing For Education
When you are young, student loans are an ideal means of paying down your debt and developing a positive credit history. However, if these loans are left to linger they can have a marked effect on your chances of a mortgage approval. Since paying back your student loans will be one of the first times in your financial life that you’ll be able to prove your reliability, you should ensure you pay them on a consistent basis in order to lower your overall debt-to-income ratio.
Credit Card Debt
Many people don’t think of the purchases that go on their credit card as loans, but the money on your credit card does not really belong to you until it’s paid off. While credit cards can be a great boon for establishing your credit in the early days, if you rack up a lot of credit card debt and do not pay your minimum payments by the due date, it will cause a considerable dip in your credit score. In addition, taking on too many cards can be a negative signal to lenders.
Payday Loans
In recent years, payday loans have sometimes been broken out separately from other loans on a person’s credit report. However, unlike many other types of loans, payday loans can be seen in a bad light by lenders because they can be indicative of someone who’s experienced significant financial setbacks, which would negatively impact their ability to pay a mortgage. While some mortgage lenders will not decline an application due to payday loans, some have already started to take this step.
Acquiring loans can be a good means of developing a credit history, but there are types of loans that may look bad on your mortgage application and won’t be of service if you can’t pay them off consistently. If you’re considering submitting a mortgage application, give me a call for more information – J.P. Cook – 602-320-4253.
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6908 E Mariposa Drive
Scottsdale, AZ 85251
$1,995,000
4
Beds
4
Baths
2,756
SqFt
Status
Active
MLS #
6777726
Property Type
Single Family Residence
Price Type
--
Nestled in the heart of Old Town Scottsdale, 6908 E Mariposa Dr offers a captivating blend of classic allure and modern luxury. This ''Old Hollywood'' inspired retreat boasts spacious, beautifully designed interiors that echo a timeless aesthetic, perfect for those seeking a stylish escape. Home features, 4 bedrooms, 4 bathrooms, all new interior and exterior finishes, and heated pool! Each room is meticulously curated, balancing luxury and comfort, creating an inviting atmosphere for relaxation and entertainment alike. Located just moments away from Scottsdale's world-renowned shopping, dining, and cultural hotspots, this property offers unparalleled access to Scottsdale's best! Don't miss your chance to own a piece of Scottsdale's iconic charm!
6629 E Monterosa Street
Scottsdale, AZ 85251
$1,995,000
4
Beds
3
Baths
2,683
SqFt
Status
Active Under Contract
MLS #
6727398
Property Type
Single Family Residence
Price Type
--
Currently rented, property access may be limited. Nestled within the coveted Arcadia neighborhood, this enchanting ranch-style residence has been thoughtfully remodeled to harmonize timeless tradition with modern comforts. Boasting four generously appointed bedrooms, including a master suite that redefines luxury living, this home is a sanctuary of both style and function. Upon entering, you'll be greeted by a sense of warmth and elegance, with an inviting layout that seamlessly blends the old-world charm of traditional design with the fresh allure of contemporary updates. The heart of the home unveils an expansive living space, perfect for both intimate gatherings and grand occasions. Buyer to verify all facts and figures.
11836 N 76th Way
Scottsdale, AZ 85260
$1,995,000
5
Beds
4
Baths
3,569
SqFt
Status
Active Under Contract
MLS #
6771638
Property Type
Single Family Residence
Price Type
--
Gorgeous fully remodeled home is situated on almost an acre in the heart of Scottsdale near all the action! The 4bed/3bath main home in highly desirable 85260 zip code has undergone a recent transformation, showcasing modern upgrades and stylish finishes throughout. Lush green backyard with mature citrus and a massive side yard. Home situated near the end of a quiet cul-de-sac. Owners spared no expense in remodeling this gem. Quartz countertops and hearth, gas fireplace in the living room, too many upgrades to mention, let the photos speak for themselves! Gorgeous outdoor retreat sitting area with gas fireplace to enjoy our beautiful desert evenings. Elevated dog bath in laundry room, perfect for your four-legged friends. Attached 1bed/1bath ADU. Whole home Generac backup system!
308 Calle Linda --
Sedona, AZ 86336
$1,995,000
3
Beds
4
Baths
3,473
SqFt
Status
Active
MLS #
6779632
Property Type
Single Family Residence
Price Type
--
Nestled in the prestigious gated community of Casa Contenta in the heart of Sedona, this elegant Southwest-style home offers breathtaking red rock views and seamless indoor-outdoor living. Featuring 3 bedrooms and 4 baths, the main level boasts an open-concept great room, a combined living and dining area, and a beautifully designed kitchen with granite countertops, stainless steel appliances, and a spacious center island. The primary suite and a guest suite are also located on this level for convenient, single-level living. Downstairs, you'll find a generous family room, a kitchenette, and an additional guest suite, all with scenic views and access to a covered patio. The home is adorned with Pella windows, rich hardwood floors, tile, and cozy carpet in the bedrooms. Located near Sedo
4340 E Forest Pleasant Place
Cave Creek, AZ 85331
$1,995,000
5
Beds
5.5
Baths
4,136
SqFt
Status
Active
MLS #
6496714
Property Type
Single Family Residence
Price Type
--
Build your new home today! 1 acre lots availability with 4 homesites total. Plenty of room for a house in addition to RV Garage, Barndominium, Casita, ETC, the possibilities are endless! Walk to the lots with the builder today. Permits available in 90 days or less. Close proximity to Desert Ridge or Carefree along with shopping & dining. Rural living, but close to it all. Builder to put paved cul-de-sac in to all 4 homesites.
34651 N 49th Street
Cave Creek, AZ 85331
$1,995,000
4
Beds
5
Baths
4,608
SqFt
Status
Active
MLS #
6627038
Property Type
Single Family Residence
Price Type
--
TWO SEPARATE HOMES: PRIVATE stunning 2.5 Acre Estate with TWO fully Remodeled Homes and a Luxurious Pool & Outdoor Kitchen Oasis. PERFECT for extended family or short/ longer term investment opportunity. Welcome to your private paradise! This exceptional 2.5-acre estate boasts not one but two beautifully remodeled homes and a sparkling pool, making it the perfect retreat for multi-generational living, an income-generating property, or a serene haven for those who desire space and luxury. Main Features: - 2.5 acres of ample space for recreation, horses, or business ventures. - Two exquisitely remodeled homes offer a combined living space that's perfect for a large family or multiple households. - Outdoor pool oasis with kitchen and court yard, offering endless entertainment. First Home: 2 Bedrooms/ 2 Baths & an Office (2263 sq feet) Step inside the main residence, where elegance meets modern comfort: -Expansive living spaces with high ceilings and an abundance of natural light create a welcoming atmosphere. - Brand new electrical wiring. -Gourmet kitchen with top-of-the-line appliances and a center island for culinary adventures. -The master suite is a true retreat, featuring a spa-like ensuite shower and a walk-in closet. -The guest bedrooms and bathroom provides ample space for family and guests. -The office/ multi-purpose room upstairs is the perfect place to soak up expansive mountain views. Second Home: 2 Bedrooms/ 2 Baths (2345 sq feet) The second home is equally impressive, making it perfect for extended family, guests, or rental income: - Spacious living and dining areas, along with a fully equipped kitchen, make this a self-sufficient living space. -Two bedrooms and two bathrooms provide comfort and privacy for residents. -Access to a private patio and outdoor spaces allows for outdoor relaxation and enjoyment. Outdoor Space: -The beautifully landscaped grounds feature a variety of mature trees, and areas for outdoor dining and recreation. Winter grass has currently been seeded and expecting an appearance any day! -A covered outdoor kitchen with a built-in BBQ area is perfect for dining and entertaining. -The potential for gardening, horse facilities, or additional development awaits in the vast acreage. Location: This estate is situated in a peaceful and upscale neighborhood, offering the perfect blend of tranquility and convenience. It's just minutes from local schools, shopping, dining, and recreational amenities. Don't miss the opportunity to own this magnificent 2.5-acre estate with two remodeled homes. Whether you're looking for a multi-generational haven, a rental property, or a personal sanctuary, this property offers the best of Western living. Your dream home is waiting!
1141 N Oro Vista
Litchfield Park, AZ 85340
$1,995,000
3
Beds
3.5
Baths
3,346
SqFt
Status
Active
MLS #
6758613
Property Type
Single Family Residence
Price Type
--
This beautiful home on the Wigwam Gold golf course has been fully remodeled and reconfigured with impeccable taste. It's loaded with fresh design elements and restored original beams. The split floor plan has open and sun filled spaces with tons of natural light and views. It includes a gorgeous island kitchen with GE Monogram appliances, an oversized living room, private home office nook, and a fantastic primary suite with a tasteful bath. The exceptional finishes include hardwood throughout, custom cabinetry, marble and quartz, artistic tile accents, designer lighting, mirrors and finishes, custom closet finishes and the property features a spacious grassy yard, privacy tree lines, a large covered patio, and a courtyard with a gas fire pit taking advantage of the amazing mountain views.
7350 E La Junta Road
Scottsdale, AZ 85255
$1,995,000
5
Beds
4.5
Baths
5,800
SqFt
Status
Active Under Contract
MLS #
6753919
Property Type
Single Family Residence
Price Type
--
You will appreciate the Quality Construction in this Spacious 5+ Bedroom Home w/ Fully Finished Basement within a Private Gated Community of just 16 Homes. This Monogram built home has Soaring 12ft Ceilings, 8ft Doors & Large Picture Windows throughout. The Kitchen is a Chef's Dream w/ a Massive Island, Double Ovens, 6- Burner Gas Cooktop, & Walk-in Pantry. Enjoy Huge room sizes including a Primary suite w/ his/her closets, 2 water closets, coffee bar & huge Soaking Tub. The Lower Level w/ 5th Bdr w/ Bath, a Large Game Room w/ Built-in Bar & Egress windows. Outside, enjoy your Brand New Resort-Style Pool, complete w/ Water Slide, Swim-up Bar & BBQ on a Large Corner Lot that ensures Privacy. Additional highlights are Covered Patio & Grill & a Prime location between Pima & Scottsdale Rd Covered Patio & Grill perfect for relaxing in your Serene Backyard Oasis. Conveniently located between Scottsdale Rd and Pima, this is just minutes to incredible Hiking, Golf, Shopping & Dining. Seller will consider a carpet and painting allowance!
12634 N 80th Place
Scottsdale, AZ 85260
$1,994,999
5
Beds
3
Baths
2,725
SqFt
Status
Active
MLS #
6717392
Property Type
Single Family Residence
Price Type
--
New exterior paint color on this Scottsdale private oasis with an incredibly lush back yard and amenities. A gorgeous lawn, semi-circular drive and courtyard invite you into this stunning remodeled home with updated fixtures and finishes. Wood flooring, double French exits, skylights and dual pane windows throughout. No interior steps! Richly appointed kitchen. Living, family and formal dining rooms. Spacious owners suite. Resort-style back yard complete with an expansive covered patio, Diving pool, sports court and built-in BBQ. Large lot with room to add more!
14018 N 48th Way
Scottsdale, AZ 85254
$1,994,900
4
Beds
3
Baths
3,100
SqFt
Status
Active Under Contract
MLS #
6723704
Property Type
Single Family Residence
Price Type
--
Welcome Home to your 4 bedrooms, 3 bath dream home in a highly sought-after area of Scottsdale with no HOA! This stunning single level property has been fully re-imagined by the design talents of 555 Angel Designs and is now in immaculate, like-new condition. As you enter the home, you'll be greeted by a spacious and open floor plan. The living area features custom wood work and multi door sliders that flood the space with natural light, creating a warm and inviting atmosphere. The kitchen is a chef's dream with brand new top of the line appliances, honed marble countertops and custom cabinetry that provide ample space for cooking and entertaining. The adjacent dining area and butler's pantry are perfect for hosting dinner parties or casual meals with family and friends. The luxurious primary bedroom is a true retreat, boasting a spacious bedroom with plenty of natural light, a stunning grand ensuite bathroom with a walk-in shower, freestanding tub, double vanity and a large walk-in closet. Three additional well sized bedrooms and full bathrooms provide plenty of space for family, guests or a home office. A large private oasis backyard, with a pool, covered patio and new landscaping provide the perfect space for outdoor living and entertaining. Owned solar another huge benefit along with 3 car oversized garage. This home is just minutes away from shopping, dining, and entertainment, as well as top-rated golf courses, schools and parks. Don't miss this opportunity to own a completely updated and move-in ready home in one of the most desirable areas of the city!
48940 W Long Rifle Road
Aguila, AZ 85320
$1,994,000
3
Beds
2
Baths
1,544
SqFt
Status
Active
MLS #
6721279
Property Type
Single Family Residence
Price Type
--
Beautiful Ranch Property in Wickenburg, AZ 10 Acres, this meticulously maintained property boasts a wealth of features tailored for the discerning horse owner, recently updated with new landscaping featuring a drip irrigation system & yard fencing, ensuring a picturesque & low-maintenance outdoor environment, enjoy a full-size roping arena complete with a fan deck overlooking the action, perfect for training & entertainment 5 large steer pens, 5 covered pens (50 x 20), 12 covered pens (50 x 100) all equipped with lights & automatic watering systems for the utmost convenience, tack room with a dual-sided cover & wash rack, Includes 2 hay sheds/equipment parking area, conex box for secure storage, 2 RV plug-ins, recently upgraded with new gravel throughout the property, ample parking
5440 N Calico Drive
Camp Verde, AZ 86322
$1,990,000
4
Beds
4
Baths
4,059
SqFt
Status
Active
MLS #
6688733
Property Type
Single Family Residence
Price Type
--
MODERN CUSTOM FARMHOUSE with WRAP AROUND PORCH. Meticulously remodeled in 2023-2024 is situated on 4 acres, No HOA, Registered Well, Oil pipe fence, Barn w/ 4 stalls, Private access to National Forest land, luxurious 4 bedrooms-two being Masters w/ ensuite, conveniently located on main level, 2 oversize bedrooms upper level with dormers,4 Custom Bathrooms with Granite wainscoting on walls, Granite Showers full walls to ceiling, Custom Vanities, Wainscoting on walls in all bathrooms & laundry room, Wood Beams in the great rooms wood steps on stairs,Custom Glass throughout the Farm House & wood beam on stairs has a custom glass window to allows visual through going to upper level keeping that grand open feel to the space, Wrap around porch has 20ft glass slider doors & 8 ft glass sliders on the back of the house to allow beautiful views of Coconino National Forest.National Forest Land, Energy saving sunshades on all windows, Dog friendly Screens on back of home, outside patio for entertaining with fire pit fully enclosed yard for your furry friends. Wonderful breezes keep the outside living comfortable - CLEAN Air - Mountain Views - Quiet - Secure - Private Entrance. 2 New AC/heat units w/warranty, New roof w/warranty, 3 Car Garage, Water Treatment for entire house w/warranty, New lighting, New fixtures throughout, Fire & Smoke Alarms throughout the home. Main level has formal living w/wood burning fireplace & Antique Mantel, Office/Library. Primary Master offers Gas fireplace with Full Feature Wall of Granite with 80 Flat Screen TV, Elegant chandelier lighting, Sitting area, Custom Master Bathroom floor to ceiling marble & marble Wainscoting on walls throughout the master bathroom, Master Closets HERS & HIS in primary master. Makeup Vanity with Elegant chandelier lighting, Double Sink Antique Vanity with Huge Custom Mirror Grand living space provides ample seating with a great room, dining room, boasting a gourmet kitchen with Wolf Induction 5 burner cooktop, Commercial size refrigerator/ freezer, farmhouse copper sink, double ovens, hightop bar and breakfast bar, granite counters and abundant storage. Custom Knotty Alder doors throughout Kitchen & House, Laundry/mud room equipped with a front-load washer and dryer, living/dining area has 20 ft. slider & 8 ft slider glass doors creating a seamless Indoor-Outdoor Living Space. Upper level, TV Theater Room, with Walkout DECK provides you with Direct access to the balcony to watch sunsets with panoramic mountain views & STARS Wet Bar for snacks with your movies in addition you'll find two additional bedrooms, one with dazzling chandelier lighting, additional bath w/ walk-in shower, loft/media room complete with 2 built-in desk spaces inside the dormers plus a refreshment bar w/wine drink fridge, microwave and cozy Wood Burning Fireplace. New OIL PIPE FENCE $100,000 in fencing leveled and planted with wheat fertilize soil for growing pastures, crops 4 Stall Horse Barn 4 Turnouts for your horses Property - (1) registered well domestic (1) registered irrigation well 6 Miles from I 17 on paved roads until you get to the Private Entrance to the Equestrian Estate AMAZING Access to breathtaking panoramic mountain views of the majestic Red Rocks of Sedona, adjacent Coconino National Forest, views of the Prescott National Forest,Flagstaff's Snow Bowl San Francisco Peaks and Lights of Historical Jerome. Unobstructed Views you are surrounded by National Forest one will ever build in your view. Private & Direct access to the Verde River that stretches 18 miles meandering through town limits, the winding waterway creates a habitat for bald eagles, hawks, blue heron, beavers, and otters... Located in the Napa Valley of Arizona, surrounded by wineries, this property presents the possibility for your own vineyard, become connected with a thriving wine community. Some area attractions include Montezuma Castle is the third National Monument dedicated to preserving Native American culture, Out of Africa WildLife Park, Inflatable Kayak Adventure down the Verde River, Cliff Castle Casino. Western Horseback adventures & Horse Boarding at the Nashwa Farms Equestrian & Event Center Horse boarding stable only minutes from your Custom Equestrian Estate.