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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3119 S Prospector Circle
Gold Canyon, AZ 85118
$1,799,000
4
Beds
3.5
Baths
3,072
SqFt
Status
Active
MLS #
6142777
Property Type
Single Family Residence
Price Type
--
Build your Dream Home in Prospector Village at Superstition Mountain Golf and Country Club. Top of the line Luxury Finishes. Lot 3 (Golf Course Lot). Two single level 3,000+sqft, 3Bdrm + Den 3.5 Bath floor-plans available. Three car garage option. Superstition Mountain Golf & Country Club is a private guard gated community with two Jack Nicklaus courses, magnificent clubhouse, sports club with swim/tennis/fitness and so much more! Built by Landmark Custom Home Builders. Photos are of previous models. Prices are subject to change
3149 S Prospector Circle
Gold Canyon, AZ 85118
$1,799,000
4
Beds
3.5
Baths
3,072
SqFt
Status
Active
MLS #
6159305
Property Type
Single Family Residence
Price Type
--
Build your Dream Home in Prospector Village at Superstition Mountain Golf and Country Club. Top of the line Luxury Finishes. Lot 1 (Golf Course Lot). Two single level 3,000+sqft, 3Bdrm + Den 3.5 Bath floor-plans available. Three car garage option. Superstition Mountain Golf & Country Club is a private guard gated community with two Jack Nicklaus courses, magnificent clubhouse, sports club with swim/tennis/fitness and so much more! Built by Landmark Custom Home Builders. Photos are of previous models. Prices are subject to change
6347 E Old West Way
Cave Creek, AZ 85331
$1,799,000
4
Beds
3
Baths
2,984
SqFt
Status
Active
MLS #
6720526
Property Type
Single Family Residence
Price Type
--
Custom home / horse property greets you with pillars both inside & out along with a large arched wooden door, and THE view! 4 bedrooms (plus 2 office/den spaces) & 3 bathrooms. Lovely open floor plan with an entertainer's dream bar & mini fridge. The solar panels are owned making this the catch of the year keeping this high vaulted & flat ceiling space cooled. The 3 car garage with cabinets wrapped around is a dream workspace & parking area with an added work room/office attached. There is gated trailer parking just to the side of the garage. As we make our way outside we find resort style landscaping, an outdoor grill station, pebble tec pool + spa, & a putting green. Just further is a Priefert custom 5 stall barn, shavings area, indoor tack room, sand arena, sprinklers & more!
8300 E Dixileta Drive Unit 253
Scottsdale, AZ 85266
$1,799,000
3
Beds
2.5
Baths
3,586
SqFt
Status
Active
MLS #
6726059
Property Type
Single Family Residence
Price Type
--
Sunlit sanctuary nestled in the prestigious fire-wise, guarded community of Sincuidados, close to golfing & hiking trails. This custom luxury home, on an acre+ interior lot, features a Split open floor plan w/several room options to suit your needs; a private home office attached to the primary bedroom; 2 new A/C's; 4 gas fireplaces; huge covered patio; built-in BBQ; formal dining room; multi-room surround sound system; spacious kitchen w/lots of counter space & large center island great for entertaining; wine fridge; wood shutters; gorgeous stone decorator features; billiard parlor w/ 9 ft table; and a rooftop deck w/panoramic views of mountains & city lights. Daily visits of birds, bunnies, and other wildlife are an added bonus to this relaxing southwest home!
4330 W Box Elder Lane
Show Low, AZ 85901
$1,799,000
6
Beds
6
Baths
4,500
SqFt
Status
Active
MLS #
6724011
Property Type
Single Family Residence
Price Type
--
Wow!! This is the pride of Torreon and can now be yours. This fantastic house has so many extras it will be hard to mention even a few of them. This 6 bedroom 6 bath home was built with the highest quality amenities throughout the home. Quartz countertops throughout, high end gas range, 2 tankless water heaters. soft water system, 2 hvac systems 5/8 inch fire rated drywall , tons of storage, 2 laundry rooms, it has a hardwired alarm system and intercom for all bedrooms and back deck, 2000 sq ft of t&g wood ceilings also features a 5 car garage with its own bathroom! This home has 6000 sq ft of pavers in the front and back with its own gas firepit, looking at the prettiest golf holes in Torreon #15 on the Tower course, looking at the green and pond.
40167 N 110th Place
Scottsdale, AZ 85262
$1,799,000
3
Beds
3
Baths
2,454
SqFt
Status
Active
MLS #
6735429
Property Type
Single Family Residence
Price Type
--
A Desert Mountain Lifestyle Membership is available to be transferred with this property. Situated on the 1st fairway of the Apache Golf Course at the world-renowned Desert Mountain Club, this property will impress with its stunning golf course views, expansive wall-to-wall windows, soaring 12' viga ceilings, alder woodwork, multiple fireplaces and hardwood floors. Your eye will be drawn to the stunning views of the golf course to the East and the mountain, sunset and city light views to the West. This North Scottsdale upgraded Cielo model patio home features an open great room floor plan with 3 bedrooms, 3 baths and 2,454 sq. ft. all on one level. The modern southwest architectural feel and the natural light interior throughout offers a high-end custom feel. The updated kitchen showcases stainless steel appliances with a gas cooktop, double ovens, copper backsplash, granite countertops, breakfast bar, and casual dining nook with custom built-in kitchen seating. Exterior features include large covered patios with lounging areas and banco seating, private spa, updated built-in BBQ grill, view fence, lush landscaping and a two car attached garage with epoxy flooring. A portion of the additional upgrades include roof coating, skylights, HVAC, tankless water heater, water softener and garage cabinets. The Village of Apache Cottages provides a private village pool and lounging area for residents.
4222 E Mclellan Circle Unit 7
Mesa, AZ 85205
$1,799,000
4
Beds
5
Baths
5,542
SqFt
Status
Active
MLS #
6753092
Property Type
Single Family Residence
Price Type
--
Welcome to an exquisite gated estate that epitomizes luxury living, nestled on a sprawling three-quarter acre lot. This stunning property is a true sanctuary, featuring an array of custom designs and high-end finishes that cater to the most discerning tastes.As you enter through the grand gates, you are greeted by meticulously landscaped grounds that set the tone for the elegance that awaits. The estate boasts spacious guest quarters, providing an ideal retreat for visitors while ensuring their privacy and comfort.Step inside to discover a breathtaking interior that seamlessly blends sophistication with warmth. The heart of the home is the gourmet kitchen, a chef's dream equipped with walnut and leathered marble countertops, complemented by a custom backsplash that adds a touch of artistry to the space. A state-of-the-art wine storage closet is perfectly situated, making it easy to store and showcase your finest vintages.The open-concept living areas are designed for both relaxation and entertaining, featuring multiple indoor fireplaces that create a cozy ambiance throughout the seasons. Large windows flood the space with natural light, offering picturesque views of the lush surroundings.Venture outdoors to experience your personal paradise. The backyard is a true highlight, featuring a stunning pool and spa that invite you to unwind and soak up the sun. The meticulously designed turf area provides a lush, green space for outdoor activities, while multiple outdoor fireplaces create inviting spots for gatherings under the stars. Every corner of this estate is adorned with custom upgrades, from elegant lighting fixtures to exquisite flooring, ensuring that no detail has been overlooked. The seamless flow between indoor and outdoor spaces makes this home perfect for entertaining guests or enjoying peaceful family moments. This sprawling gated estate is more than just a home; it is a lifestyle. With its luxurious amenities, custom designs, and serene surroundings!
1314 E Las Palmaritas Drive
Phoenix, AZ 85020
$1,799,000
3
Beds
3
Baths
3,615
SqFt
Status
Active
MLS #
6742512
Property Type
Single Family Residence
Price Type
--
Take pride in residing in this unique haven nestled on a hilltop cul-de-sac with panoramic 360° views! Exquisite curb appeal, a brand new roof, and a 3-car garage with glass doors are just the beginning! Come inside to discover recessed lighting throughout, ledger stone accents, custom railing, and a custom steel floating staircase. The large living room showcases new wood-look porcelain tile flooring, wide sliding glass doors to the back patio, and a stacked stone electric fireplace. The magazine-cover kitchen is a delight, offering pendant lighting, a walk-in pantry, white cabinetry with crown moulding, a waterfall island with breakfast bar, and high-end SS appliances such as a wine cooler, electric cooktop, & a wall oven.Grand owner's retreat stands out with its plush carpet, direct outdoor access, elegant ensuite with dual sinks & freestanding tub, and walk-in closet. HUGE bonus room on the lower level can be used as a recreational center! The backyard provides a covered patio, paver seating area, and new artificial turf! Highly updated with ALL NEW HVAC including ductwork & handlers, new electrical, new plumbing, new drywall, spray foam insulation, custom showers, and all new dual pane Low-E windows! This gem is sure to captivate you! Hurry and act NOW!
2910 E Chuparosa Circle
Payson, AZ 85541
$1,798,888
4
Beds
3.5
Baths
5,934
SqFt
Status
Active
MLS #
6582207
Property Type
Single Family Residence
Price Type
--
BEST VALUE/PER SF PRICING in CHAPARRAL PINES!! Fabulous Modern Spanish Colonial custom built home perched on the top of the ridge with commanding forest & mountain views in every direction! This stunner boasts unparalleled quality construction, gorgeous finishes throughout & an attention to detail in every inch of this beautiful one-of-a-kind custom home in the highly desired guard-gated private secure enclave of Chaparral Pines! The over-sized great room features soaring high ceilings with hand sawn wood beams & walls of glass/ & matching huge gas stone fireplaces flanking the room -truly an entertainer's delight! Enjoy this dream chef's kitchen in the heart of this extraordinary custom home that features a high end Sub-Zero, Wolf, Bosch appliance pkg & panoramic mountain & forest view from every window & a huge custom island w/ counter level seating for the best kitchen entertaining experience! Decadent primary suite featuring soaring high vaulted ceilings, a wall of glass overlooking the incredible mountain & forest views, & a stone surround gas fireplace! This primary suite also features a coffee/drink bar complete w/ R/O tap at it's own sink & Sub-Zero refrigerator/& freezer/ice maker drawers! The primary bathroom boasts a gas stone fireplace across from the jetted/heated over-sized tub with huge panoramic picture windows for your viewing/soaking relaxing experience! Additionally, the primary bathroom features double vanity w/ 2 sinks, a walk-in shower, & lg. walk-in closet! The main level of the home features 1 more ensuite secondary bedroom w/ stunning views! Additionally, there is a spacious beautifully appointed home den/office with a gorgeous custom desk, built-in file drawers & plenty of cabinet space & an ensuite bathroom w/ large shower & antique sink vanity (this home office could easily be converted to an additional bedroom/or mother-in-law suite). Don't forget to see the dream laundry center--& enjoy the panoramic views here! The finished lower-level entry starts with a beautiful custom stone & wrought iron staircase leading you to the huge game room for all of your gaming preferences that features a stunning stone gas fireplace/hand-sawn wood beams in the ceiling & a spacious kitchen/bar area featuring a sink with it's own R/O system, Sub-Zero refrigerator/freezer/ice maker drawers, dishwasher & microwave! Additionally, there is a decadent 7 seat movie theatre room that features beautiful electric reclining theatre chairs/tiered in 2 separate rows for the whole family's preferred viewing experience! Additionally, you will find a spacious wine nook in the lower level with custom hand-crafted wine drawers to fill with your favorite wines! There are 2 more secondary bedrooms in the lower-level that enjoy a full bathroom for their use! Dream garage w/ an electric car charging station, a spacious workroom w/ beautiful cabinetry & hand-wrought zinc countertops, & plenty of custom built-in cabinetry for all of your garage storage needs! Incredible custom home with custom alder wood interior doors throughout -- in an incredible natural setting with incredible finishes!!! One of a kind!!! (Dedicated engineered & pre-wired space for an elevator in the kitchen if the buyer wants 1 installed)
6964 E Redbird Road
Scottsdale, AZ 85266
$1,798,500
4
Beds
3.5
Baths
4,142
SqFt
Status
Active
MLS #
6708889
Property Type
Single Family Residence
Price Type
--
Welcome to 6964 E Red Bird Rd, Scottsdale, AZ 85266 - an exquisite desert oasis that perfectly blends luxury and tranquility. Nestled in the heart of Scottsdale, this stunning property offers a serene escape with breathtaking views of the Sonoran Desert and majestic mountains. As you approach this elegant home, you are greeted by a beautifully landscaped front yard featuring native desert plants and a charming pathway leading to the grand entrance. Step inside to discover a spacious and open floor plan that boasts high ceilings, expansive windows, and an abundance of natural light, creating a warm and inviting atmosphere. The gourmet kitchen is a chef's dream, equipped with top-of-the-line stainless steel appliances, custom cabinetry, granite countertops, and a large island with a breakfast bar. The adjacent dining area and living room, with a cozy fireplace, provide the perfect space for entertaining guests or enjoying a quiet evening with family. Retreat to the luxurious master suite, complete with a spa-like ensuite bathroom featuring a soaking tub, dual vanities, and a walk-in shower. Additional bedrooms are generously sized and offer ample closet space, ensuring comfort for family and visitors alike. Step outside to the expansive backyard, where you'll find a covered patio ideal for alfresco dining, a sparkling pool perfect for cooling off on hot Arizona days, and plenty of space for outdoor activities. The property also includes a three-car garage and a dedicated laundry room for added convenience. Located in a peaceful and prestigious neighborhood, this home provides easy access to top-rated schools, fine dining, shopping, and outdoor recreational activities. Experience the best of Scottsdale living at 6964 E Red Bird Rd - where luxury meets the beauty of the desert.
1368 S Mulberry Street
Gilbert, AZ 85296
$1,795,000
7
Beds
7.5
Baths
5,200
SqFt
Status
Active
MLS #
6773896
Property Type
Single Family Residence
Price Type
--
Welcome to your dream retreat in the heart of Agritopia, where modern elegance meets tranquil countryside living. This stunning 7-bedroom, 7.5-bathroom home is a true masterpiece, designed for both lavish entertaining and serene living. As you enter, you're greeted by a bright and airy foyer that leads into an expansive open-concept living area, flooded with natural light and adorned with high-end finishes. The gourmet kitchen, equipped with top-of-the-line appliances, is a chef's paradise, complete with an oversized island and custom cabinetry, perfect for culinary adventures and gatherings. Retreat to the sumptuous primary suite on the main level, featuring a spa-like ensuite bath with a soaking tub, dual vanities, and a spacious walk-in closet. This luxurious suite also boasts a private laundry room, adding convenience and ease to your daily routine. The second master suite, conveniently located upstairs, offers a private sanctuary with its own luxurious ensuite bath, ideal for guests or as a separate living space for family members. Each additional bedroom is generously sized, each with en-suite access, ensuring comfort and privacy for everyone. Step outside to your own private oasis, featuring a play pool, a basketball hoop for friendly competitions, and a cozy fire pitperfect for gatherings and evenings under the stars. The thoughtfully designed outdoor space blends relaxation and entertainment seamlessly. Descend into the fully finished basement, a true highlight of this property, featuring a state-of-the-art theater that promises cinematic experiences in the comfort of your home. Whether hosting movie nights or enjoying game days, this versatile space is sure to impress. Situated in the highly sought-after Agritopia community, this property offers a unique lifestyle that combines luxury with a close-knit, family-friendly atmosphere. With nearby parks, farm-to-table dining, and a vibrant community spirit, this home truly embodies the best of both worlds. Don't miss the opportunity to make this luxurious haven your own. Reach out for a private tour today and experience the elegance and charm of this remarkable property!
2336 E Elk Bugle Trail
San Tan Valley, AZ 85140
$1,795,000
5
Beds
4
Baths
3,369
SqFt
Status
Active
MLS #
6769858
Property Type
Single Family Residence
Price Type
--
This rare opportunity is a one-of-a-kind 2-acre custom residential property that impressively catches your eye as you approach the privately gated entrance where you are presented with the elegant main residence, the large detached garage, the custom pool house, the exquisite swimming pool and spa, the in-ground trampoline, the dreamlike custom playground and the resort style property that will become the gathering place for your family and your friends. The property has 6,000 sf under roof with 4 structures including the primary residence, the detached garage, the pool house and the work shed. Additionally, the property has 1 acre of pasture to support any horse, livestock, farming and riding area. The large emerald green pasture is flood irrigated, has 3 pens, the 2 separate fenced off pasture areas for grazing or riding and is framed by 6 large shade trees that make this area unlike any other. Upon entering through the custom wrought iron front gate, the primary residence presents itself through the lighted stone pillars and on into the home through the oversized glass beveled front door. You will find yourself entranced by the custom designed travertine floors with your eyes naturally opening to the beauty of the custom archways and views. As you leave the front entry area, you will see through the glass bay window that frames your view over the undulating putting green and your eyes will fall in love with the sparkling waters of the exquisite swimming pool, the rock waterfall, the rock slide and the custom pool house. The kitchen is custom designed with handcrafted cabinetry, chiseled granite countertops, all stainless steel appliances - dual side by side built in refrigerators, double dishwashers, a built-in microwave, oven, electric stove top and an oversized kitchen island that is the main attraction for all large gatherings. Gather your friends and family in the dining room that comfortably seats 12 people and spill into the galley area for those large holiday gatherings. The kitchen overlooks the lighted galley area that spills into the family room where the lighted niches highlight the built-in large screen television. The family room allows for surround sound entertainment as you enjoy your movie nights, shows and sporting events. The pantry area is a gem and will impress anyone that appreciates a custom pantry that is over 15 feet long, has a stand-up freezer and enough storage and shelving to handle the largest family's needs. The custom barreled ceilings are subtly lit while you leave the family room and head to one of the five bedrooms with the main hallway capped on both ends with mirrors making the hallway appear to be endless. The private master suite is masterfully appointed with a spacious bedroom with windows over the king size bed where you will enjoy waking up to the morning light that peers through the windows. The master bedroom has its own private entrance and exit onto the back patio. Be sure to look through the large bedroom window that provides a sweeping view of the entire back yard. The master bathroom includes a sink vanity combo. Walk into the oversized shower with dual shower heads combined with an overhead rain shower spout to cool you down on those warm summer days. Continue into the large his and her custom cabinet walk-in closet that takes organization to the highest level. The 5 bedrooms are oversized and spacious and provide room for children at any age. From a jack and jill arrangement for two of the bedrooms, to a spacious bedroom that is large enough to be a den or a game room and onto the far bedroom that feels like the room is on its own wing of the home as the room has convenient entrance and exit access to the back patio. The laundry room is custom fitted with cabinets from floor to ceiling, designed for 1 washer and 2 dryers which will keep the laundry process as efficient as possible and includes a large, deep sink. The laundry room provides maximum storage and organization in this oversized laundry room. Throughout the home are 10'+ ceilings, custom alder doors from Mexico, wood ceiling trim, high end baseboards and custom painting inside and outside of all structures. Central Vac throughout. Ceiling fans throughout the house and all patios. All appliances, a/c & heat pump and toilets have all been upgraded in the past 2-5 years. The resort-like pool is a 40,000 gallon paradise, with a raised spa and spillover and is complimented by the rock waterfall, rock slide and rock grotto masterpiece. Here you will enjoy endless hours of pool slide activity or sit back, relax and listen to the enchanting peace of listening to the waterfall. The pool provides additional activities including pool volleyball with built in sleeves to hold the poles, pool basketball, a large kids play area on a beach shelf as well as sleeves around the pool to place umbrellas as you lounge in one of the many areas around the pool. You can also position the hammock based on the time of day or night to enjoy a book, a peaceful nap or listen to the waterfall. The 1,000 sf stone pillared pool house was designed to match the primary residence and boasts a dining area, plenty of ceiling fans, a bathroom, a kitchen area, sink, microwave, space for a bbq and be sure to locate the indoor storage for your kayaks, paddleboards and swimming pool toys and games. The pool house can be converted to a casita, if desired. The built-in circular fireplace is large enough to seat 8+ people as you sit with family and friends watching the stars or listening to the large waterfall cascading into the pool. The detached garage is 1,800 sf designed to match the main residence. The garage parks 4 large vehicles, enough space for a large boat, custom cabinetry that provides instant organization and enough power to operate the most powerful machines. The garage provides 50 amp and 30 amp connections for the electric vehicles, RV's and any power tools needed. There is also an RV dump hook up in the front yard that leads directly to the septic tank. The work shed is discreetly located behind the detached garage to house the rest of your yard tools and storage needs. There is enough space to build your own garden for the organic vegetables you would like to go along with the organic fruit trees that are already produced on property. The property has over an acre of grass and pasture areas that are on flood irrigation with your own private water rights that cost $10 per acre foot of water to water all grass areas as the property has 2 separate and conveniently located controls. The property is lined with 40+ trees highlighted by the orange, lemon, lime, pomegranate and deciduous fruit trees along with the towering shade trees that are all on a custom drip system. The property has 400 amps to the property with 200 amps to the main residence and 200 amps to the rest of the property. The cement driveway has a well-lit basketball court area, a pickleball area and space to ride bicycles, scooters and rollerblades without having to leave the property. The playground has been customized to include the built in trampoline, a sandbox, monkey bars, 2 swings, a slide, a 3 way teeter totter and a slide/canopy slide for the youngest children. The large chinaberry tree makes playing on the playground a great experience as the tree provides shade throughout the day. The property is lit with 8 powerful lights to light up the backyard. The large backyard is versatile and accommodates room for soccer, wiffle ball, badminton, volleyball and croquet. The backyard has hosted infield for little league softball & baseball and a professional batting cage. Practice and play during the day or at night under the lights at those sports you want to perfect. This property will accommodate more residential space as there is a building envelope that allows for expansion to the main residence or a separate casita up to an additional 4,000+ sf, an additional RV garage with the pad already laid and enough space for any size family to expand this resort like property to maximize your dream home!