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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22415 N La Senda Drive
Scottsdale, AZ 85255
$1,650,000
3
Beds
3.5
Baths
3,717
SqFt
Status
Active
MLS #
6755685
Property Type
Single Family Residence
Price Type
--
Looking for privacy? Nestled in the gated community of Pinnacle Peak Country Club Estates, this charming 3 BR/ 3.5 BA desert retreat is situated on a quiet, private half acre corner site. You will immediately feel the tranquility & peace of this property due, in part, by the mature ficus & citrus trees. This home features 2 BR with Office/Den & 3 BA in the main house as well as a beautiful, detached 738 SF Casita which can be used for extended family or guests, as a home office, gym or studio.The gorgeous estate features Saltillo tile, wood beams and ceilings throughout, 4 fireplaces, & French doors opening from each room to covered patios for true Southwestern indoor/outdoor living. A large, sparkling pebble tech pool invites complete relaxation and a backyard just perfect for pet lovers. Enjoy the outdoors against the backdrop of Arizona's stunning landscape. The property truly embodies the essence of upscale desert living in the prestigious Pinnacle Peak community.
10065 E Charter Oak Road
Scottsdale, AZ 85260
$1,650,000
4
Beds
3.5
Baths
3,841
SqFt
Status
Active
MLS #
6718416
Property Type
Single Family Residence
Price Type
--
Priced to represent COMPELLING value & deliver SIGNIFICANT instant equity to new owners. This premium luxury estate with Best-In-Class potential is situated in a private suburban neighborhood near the heart of Scottsdale. The single-level custom home sits on a fully utilized 0.4 acre cul-de-sac corner lot & features a fully renovated exterior blending elegant outdoors amenities with expansive recreational space. Raised wood beam ceilings give distinct character to an extreme-split floorplan with generous & flexible living spaces filled with natural light. The private owner-suite is at the NW corner, with a private guest wing off the massive kitchen at the SE corner; all 3 guest BRs offer in-suite bath access. A cosmetic interior makeover away from a market value SUBSTANTIALLY north of $2M Above-ground spa will convey with premises; chandelier in dining room will not.
3940 E Mulberry Drive
Phoenix, AZ 85018
$1,650,000
6
Beds
4
Baths
3,216
SqFt
Status
Active
MLS #
6760009
Property Type
Single Family Residence
Price Type
--
WOW!!! This is a SHOWSTOPPER in the highly sought after zip code 85018! Professionally imagined and designed, this sophisticated home is ready for its new owner! Mulberry will check ALL the right boxes, 6 bedroom, 3.75 baths, soaring ceilings, GORGEOUS wood flooring and high end finishes/fixtures throughout! Entertaining will be a breeze with the huge OPEN floor plan boasting a beautiful modern accordion door - One that leads to the backyard oasis/pool/firepit. The Chefs kitchen has everything you want and need including a gas range/oven and cook top, double islands with granite countertops. The grand primary suite has a huge custom closet and spa-like bathroom. The list is endless! Create memories in this dream home! No HOA! YOU will LOVE this HOME!!!
331 W Vista Avenue
Phoenix, AZ 85021
$1,650,000
4
Beds
3
Baths
3,219
SqFt
Status
Active
MLS #
6763823
Property Type
Single Family Residence
Price Type
--
Exquisite North Central home captures what it means to be a part of this wonderful community. Sprawling front and backyard offers over 50 mature trees, grassy lawns with flood irrigation, outdoor kitchen and living room, pool, raised planters full of veggies and herbs, and beauty that makes you forget you're in the middle of the desert. Interior of the home is updated, functional, and spacious. Split floorplan with updated bathrooms and kitchen make it move in ready and stunning. Addition of a casita/''she shed'' in the back is convenient for those who work from home or want an air conditioned outdoor structure for hot summer days. Exterior recently painted and wrapped in river rock, fenced with unbeatable curb appeal. Visit today! Additions and Upgrades : T&G Covered Patios With Additions and Upgrades T&G Covered Patios With Fans Misting system throughout backyard and in play structure Pergola added with power Casita is insulated with mini split Master bathroom remodeled En-suite bathroom remodeled New exterior paint and river rock facade Interior fireplace tiled Tiled bedrooms Buffet with fridges added in dining room EV car charger Restored flood irrigation, grading, and berms 22 trees added Raised planters added and on automatic drip New pool filter summer 2024
16522 N 109th Street
Scottsdale, AZ 85255
$1,650,000
4
Beds
3
Baths
3,597
SqFt
Status
Active Under Contract
MLS #
6724674
Property Type
Single Family Residence
Price Type
--
Beautifully Renovated 4 Bed, 3 Bath Expanded Floorplan Home in McDowell Mtn Ranch. Open floor plan with a Huge Entertainment area encompassing the Kitchen, Dining and Family Room. Renovated Kitchen with 8 Burner Meile Range with Double Oven, 3rd Oven/Microwave Combo, Upgraded Professional Rangehood, Dishwasher, New Refrigerator, Quartz Countertops, Farm Sink, RO, Full Pantry, Full Tile Backsplash, Under-cabinet Lighting, Renovated cabinets, Beverage Center w/Wine Refer, Huge Quartz Island with seating, Wide Plank European Oak, 3 Renovated Baths in the Contemporary Style, Master Bath Features Matte Marble Tile with Wainscot, Forced Air Kohler Tub (no tubes) His and Hers Walk in Closets, Separate Water Closet, Huge Master Bedroom with Seating area, Wood Shutters, Electric Shades in Family Electric Shades in Family and Front Room, Office with Wall to Wall to Wall built-ins, Large Den with Built in Guitar or Art Case with Accent Lighting, Lush Back Yard that Borders NAOS, Huge Free-Form Pool, Extended Covered Patio, Seating area with Firepit and BBQ and City Light Views. Seller will pay off Solar Lease at COE and Buyer will have payment free, warrantee'd solar service for the remaining length of the lease (aprox 8 years) at which time Buyer can cancel and have the system removed free of charge or continue as they wish!
10634 E Sheena Drive
Scottsdale, AZ 85255
$1,650,000
4
Beds
3.5
Baths
3,466
SqFt
Status
Active
MLS #
6741510
Property Type
Single Family Residence
Price Type
--
Welcome home to this recently remodeled golf course and mountain facing gem in the highly desirable gated community of McDowell Dowell Mountain Ranch. Home wows with upgraded flooring and fixtures throughout. Chef's kitchen w/ breakfast nook that opens to family room boasting wet bar and cozy gas fireplace perfect for entertaining. Bedroom with en-suite, half bath and laundry 1st floor. Upstairs primary bedroom wows with resort style bathroom and exit to private patio overlooking the golf course. 2 additional bedrooms, full bath and loft space upstairs. Backyard oasis with low maintenance turf and private pool and spa. Hiking and biking trails.
24 E Wagon Wheel Drive
Phoenix, AZ 85020
$1,650,000
5
Beds
3
Baths
4,031
SqFt
Status
Active Under Contract
MLS #
6775748
Property Type
Single Family Residence
Price Type
--
North Central sought after North/South private large cul-de-sac lot! Move-in ready home was remodeled! No detail overlooked! Park-like yard w/child play equipment, upgraded salt water play/sport pool w/ energy saving variable speed control motor & removable pool fence and above ground Jacuzzi spa. Mature landscaping with fruit trees & large shade trees, newly installed artificial grass in front. CIRCULAR DRIVE & SIDE ENTRY GARAGE with addtional side paved parking & storage; store your toys & NO HOA! Double ovens in kitchen. The family room w/gas fireplace & built-in bookcases. Formal double entry door into living room overlooking back yard. Ample storage abounds! Large bedroom sizes; 3-2 split. Mstr bedroom w/walk-in closet & cedar closet, Mstr dual showers. 4 beds w/plantation shutter.
23955 N 112th Place
Scottsdale, AZ 85255
$1,650,000
3
Beds
3.5
Baths
3,352
SqFt
Status
Active Under Contract
MLS #
6685578
Property Type
Single Family Residence
Price Type
--
One-of-a-kind home in the heart of Troon, designed around a gorgeous natural boulder. This unique floor plan seamlessly incorporates the boulder into the living space, offering a blend of modern design and natural surroundings. Enjoy stunning views from every window, showcasing the beauty of the Arizona landscape from every room in the house. This remodeled home is located in the prestigious gated community of Troon Ridge Estates 3. Every detail has been executed with meticulous attention, bringing sophistication and comfort into every corner of the space. (see features sheet for a full list). New dual pane Pella windows w/ Low-E glass & custom sliding doors enhance the home w/ state of the art insulation & natural light throughout. The split floor plan is ideal for entertaining and indoor/outdoor living at its finest. The open concept kitchen is equipped w/ Bosch & Thermador appliances, induction cooktop, complimented w/ new cabinetry, granite countertops, & honed quartz island. Gorgeous ceiling beams frame the space of the family/living area accentuating the length of the home. Two newer 3-ton HVAC units and 3 mini-split systems provide year-round comfort. The location is unmatched with the tranquility of Troon, 5 golf courses within 10 min & endless shopping, dining & hiking.
3011 E Los Gatos Drive
Phoenix, AZ 85050
$1,650,000
5
Beds
2.5
Baths
3,450
SqFt
Status
Active
MLS #
6778677
Property Type
Single Family Residence
Price Type
--
Discover unparalleled luxury in this 3,400+ sq ft custom stucco ranch home located near the prestigious Desert Ridge, AZ. This exquisitely designed residence features 5 bedrooms and 2.5 bathrooms, blending elegance, comfort, and cutting-edge technology to create a true masterpiece of modern living. As you approach the home, the custom front door and entryway, along with custom side gates, welcome you into an atrium-like front courtyard, setting the stage for the grandeur within. Inside, the home boasts high-end custom cabinetry and crown molding throughout, complemented by custom lighting fixtures and Philips Hue smart bulbs offering infinite color options. The gourmet kitchen is the heart of the home, featuring a custom kitchen island with leathered granite., high-end stainless steel appliances, and custom pantry with built-ins. A KitchenAid mini fridge in the pantry and a full-size KitchenAid fridge in the laundry room add to the convenience. The expansive living spaces include a great room with a 7.1 Dolby Digital surround sound system, perfect for entertaining. The luxurious media room, designed to double as an additional family room, features a state-of-the-art 13.2 Dolby Atmos surround sound system, custom noise-canceling blackout curtains, and smart lighting. Each bedroom is a sanctuary, with custom designs and high-end finishes. The master suite offers a spa-like bathroom with dual vanities, a soaking tub, a walk-in shower, and a custom closet with built-ins. Step outside to your private oasis. The backyard showcases a brand-new Pebble Tec pool with a propelled swim lane, heated and cooled with a heat pump, and a gas-heated spa. The sunken outdoor kitchen, climate-controlled and featuring a high-end Heston grill and refrigerator, is perfect for alfresco dining. The backyard walls are stuccoed and painted for a polished look, while the custom automated room-darkening screens on the back lanai provide the perfect environment for relaxation. This home is equipped with the latest smart home technology, fully integrated with Amazon Alexa for seamless voice command control. The entire home is fitted with Nest smoke/CO detectors, custom automated dog doors with backup batteries, and a comprehensive security system. Energy efficiency is paramount, with a 46-panel, 15 kW solar system and two Tesla battery walls ensuring sustainability and lower utility costs. The residence also features climate-controlled garages with a 220 outlet for electric vehicles, an ultra-quiet garbage disposal, reverse osmosis filtration in the kitchen, and soft-close cabinetry throughout. Every detail has been meticulously curated, from the custom coat and mudroom space by the garage to the high-end carpet and pet-resistant padding. This meticulously designed estate offers an unparalleled living experience, combining luxury, sustainability, and modern amenities to create the ultimate sanctuary for discerning homeowners just one mile from Pinnacle High School, 3 blocks from the brand new Sky Crossing Elementary School, and just minutes from Desert Ridge shopping center. Seller said Get it SOLD price reduced for quick sale.
32803 N 74th Way
Scottsdale, AZ 85266
$1,650,000
3
Beds
3.5
Baths
3,265
SqFt
Status
Active
MLS #
6735301
Property Type
Single Family Residence
Price Type
--
In the tranquil gated community of Las Piedras, close to the boulders, shopping and dining, lies this exceptional residence. Accessed by a gated front courtyard the home begins with a wonderful living room with updated fireplace and doors to the pool. The elegant kitchen was totally remodeled and features a large center island and high end appliances and is complimented by a dining area with bar. The primary bedroom suite offers a large bedroom with room for office or seating, well appointed bathroom and dual closets. The private rear yard boasts a modern saltwater swimming pool and spa, covered patio for outdoor dining and seating area. The home is complete with a work from home office and 2 additional bedroom suite. With community pool and fitness room it offers luxurious desert living.
718 Kohners Ridge Drive
Happy Jack, AZ 86024
$1,649,900
6
Beds
4
Baths
7,566
SqFt
Status
Active
MLS #
6735196
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in Happy Jack, Arizona! This stunning single-family property is located in the gated community of Starlight Ranchettes, and offers a luxurious and spacious living space that is perfect for families. Featuring 6 bedrooms and 3.5 bathrooms, this home provides ample space for everyone in the family to have their own private oasis. The dining room with bay windows is perfect for hosting dinner parties and gatherings, while the vaulted ceilings and antler chandeliers add to the elegance and charm of this home. One of the highlights of this property is the breathtaking views that can be enjoyed from multiple decks. Imagine sipping your morning coffee or winding down after a long day while taking in the serene and picturesque scenery. The bunkhouse above the garage provides a versatile space that can be used as a guest room or large office. The hickory cabinets, large kitchen island/ breakfast bar, desk area, walkin pantry, in the kitchen add a touch of sophistication while providing functionality for all your cooking and entertainment needs. Relax and unwind after a long day in the master bathroom jetted tubs or soak up the sun on the sun deck. With 4 back decks, there is plenty of outdoor space to enjoy the beautiful weather and entertain guests with the most amazing million dollar views. For pet owners, the dog run fenced area provides a safe and secure space for your furry friends to roam. The gas fireplace, wet bar, exposed wood beams, antler chandeliers add warmth and character to the home, creating a cozy and inviting atmosphere. Additional features of this property include 2 car garage, as well as a 1.5 garage around the back for all your toys.. This home also offers stainless steel appliances, bay windows, dual-pane windows, wood doors, and a fully finished basement with a game room, that could be used for more sleeping space too. . With a lot size of 2.07 acres and a large floor , there is plenty of room to grow and make this house your perfect home or bring the entire family. House comes furnished and seller is offering a $12,000 to buyer at COE for flooring allowance. Take a day and go exploring with great walks, bicycling, hiking, off road vehicles and more.. Don't let this future home pass you by.
21112 N 74th Place
Scottsdale, AZ 85255
$1,649,000
4
Beds
3
Baths
3,440
SqFt
Status
Active
MLS #
6787285
Property Type
Single Family Residence
Price Type
--
Stunning Home is now available in Pinnacle at Grayhawk! This beautiful home features an open floor-plan, high 12+ feet ceilings, wide plank real wood flooring, gourmet kitchen with high-end stainless steel appliances with dark wood Alder style cabinets with Taj Mahal Quartzite counter-tops, updated lighting throughout, very spacious primary bedroom with a updated primary bathroom with Quartz counter-tops/snail shower with a separate soaking tub and large walk-in closet with custom cabinetry, BRAND NEW TRANE UNITS, laundry room as endless cabinets for storage and much more. The back yard is ideal for entertaining with a sparkling Pebble Tech Pool/Spa, flagstone wrapped around the pool, synthetic turf putting green and a raised deck sitting area to watch the family. This is a must see!