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.
Click Here to See What Your Home is Worth
10679 E Fanfol Lane
Scottsdale, AZ 85258
$1,395,000
4
Beds
3
Baths
3,260
SqFt
Status
Active
MLS #
6719440
Property Type
Single Family Residence
Price Type
--
Stunning custom-built residence nestled on over a third of an acre within the exclusive confines of a gated community in Scottsdale Ranch! This home is a seamless blend of sophistication and comfort, perfectly suited for both formal gatherings and everyday relaxation. Architectural marvels such as stately columns and graceful archways adorn the interior, while an abundance of windows invite natural light to cascade throughout, offering picturesque vistas of the sprawling backyard oasis and the sparkling pool area. Luxurious stone and wood flooring grace every corner, leading you to a chef's kitchen boasting expansive granite countertops, state-of-the-art stainless-steel appliances, and a striking drop-down vent hood. Entertain in style within the expansive family room, complete with complete with soaring ceilings, a cozy fireplace, and a sleek media center. Retire to the primary suite, featuring a private fireplace, access to a secluded patio retreat, and a spa-like bath replete with a raised garden tub, and a glass-enclosed shower. The immense walk-in closet offers ample storage for even the most discerning fashion enthusiast. Outside, revel in the joys of outdoor living beneath the expansive covered patio, where guests can gather for soirées or take a refreshing dip in the pool, all while savoring al fresco dining beneath the shaded ramada. Experience the epitome of luxury living in this meticulously crafted sanctuary!
189 W Eagle Nest Road
Williams, AZ 86046
$1,395,000
3
Beds
3
Baths
3,477
SqFt
Status
Active
MLS #
6738670
Property Type
Single Family Residence
Price Type
--
This authentic log cabin is a harmonious blend of ornate elegance and rugged charm, ready to welcome you home. 5,000 gal cistern & water delivery available. NOA HOA! VRBO & AIRBNB friendly. Room for RV parking, toys, plus a 5+ stall barn with turnouts, electricity & water, and equipped with separate 2,500 gal cistern. This home is a true log cabin retreat! Soaring ceilings and a hearty central fireplace anchors the living room with spectacular views to the east. This cabin is expertly insulated for a warm and inviting atmosphere year-round. Unique copper countertops in the kitchen & laundry room are sure to impress guests and perfectly complement the rustic feel to the home. The master bedroom offers a spacious ensuite and access to the back deck for serene mornings watching the sun rise. Wood floors add to the timeless appeal, while the cozy den features floor-to-ceiling shelving ready to house your favorite afternoon reads. Upstairs, the loft sits quaintly across the stone fireplace and leads to an adjoining bedroom with private deck access. AVAILABLE FOR ONLY A SHORT PERIOD OF TIME. DON'T WAIT TO MAKE YOUR MOVE.
7531 E Hazelwood Street
Scottsdale, AZ 85251
$1,395,000
3
Beds
3
Baths
2,097
SqFt
Status
Active
MLS #
6756655
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home, a meticulously renovated oasis where modern luxury meets timeless elegance. Step through the new front door and into a beautifully redesigned space enhanced by landscape improvements, including stylish exterior lighting and a fresh stucco courtyard. The herringbone Territorial Hollander paver walkway leads you to custom laser-cut gates, offering a sophisticated entrance to your private retreat. The backyard is a serene haven featuring a Perla Blanca limestone pool surround, a new stack tile pool waterfall, and a saltwater pool with an in-floor cleaning system. Enjoy seamless indoor-outdoor living with a 12-foot stacking glass door that opens poolside, where mature trees provide shade and privacy and Solar panels ensure energy efficiency. Inside, every detail has been thoughtfully updated. The home boasts all-new drywall, doors and hardware, complemented by fresh flooring, trim moldings, and cabinetry. Raised ceilings and new ductwork create a spacious, airy feel, while a new split unit ensures year-round comfort. The kitchen is a culinary masterpiece, featuring custom Bodaq cabinetry, Crema Vosscione honed limestone countertops, Thermador appliances, a range hood, and a massive entertaining bar topped with stunning Volcano Gray granite. The bathrooms are newly completed with luxurious finishes: penny tile floors, curbless showers, two-piece trough sinks, black stainless fixtures, and lighted vanity mirrors in the primary suite; and a large tub with a floating vanity in the secondary bathrooms, accented with Champagne bronze fixtures. Ideally located within walking distance to high-end shopping and dining, and just minutes from Phoenix Sky Harbor and Scottsdale Airport, this home offers both convenience and exclusivity. Every aspect has been designed with quality and elegance in mind, making it a perfect sanctuary for modern living.
12425 E Via De Palmas Road
Chandler, AZ 85249
$1,395,000
4
Beds
2.5
Baths
2,457
SqFt
Status
Active
MLS #
6753372
Property Type
Single Family Residence
Price Type
--
Seller is offering $20,000 for flooring credit or rate buy down! Don't miss this incredible opportunity to own a custom single-story home with no HOA, nestled on nearly 1.5 acres of beautifully maintained grounds in the highly sought-after county islands of Chandler. This charming property boasts mature fruit trees, lush grass, and a variety of plants, offering a serene retreat with ample space for your animals—pigs, cows, chickens, horses, and more are welcome here! Enjoy the ultimate outdoor living experience with a private pool shaded by mature trees, perfect for relaxation and entertaining. The expansive lot provides plenty of room to park all your toys and trailers, with additional storage in the 3-car garage, complete with cabinets for convenience. Inside, you'll find 4 spacious bedrooms and 2.5 baths, featuring fresh paint and new carpet throughout. The Saltillo tile in the living areas complements the home's country style, while high ceilings and abundant windows create an inviting, airy atmosphere. Recent upgrades include a brand-new roof (2024) and a 2-stage AC system installed in 2022. The home is equipped with Tesla solar panels with a low lease payment of just $106 per month, and bird netting to protect both the solar panels and roof. For your entertainment, surround sound is pre-wired both inside and out. This irrigated lot is grandfathered in for all your watering needs, and the property includes a reverse osmosis system. There's even a reinforced area off the master bedroom for your heavy aquarium tank, plus new smoke alarms throughout. With twice-weekly trash service and city water, this home offers modern convenience in a tranquil setting. Homes like this are a rare find, so don't let this opportunity pass you by. Stop by today and discover the charm and possibilities this unique property has to offer! ***Tree List*** Apple, Apricot, Plum, Grapefruit, Orange, Lemon and Pomegranate.
12789 W Via Caballo Blanco --
Peoria, AZ 85383
$1,395,000
4
Beds
4.5
Baths
3,825
SqFt
Status
Active
MLS #
6757074
Property Type
Single Family Residence
Price Type
--
CURRENT INCENTIVE: $30k seller credit to use however Buyer chooses. If you want custom touches, this is it! Sensational Tuscan inspired home in Blackstone with breathtaking greenbelt and mountain views from the courtyard. Fall in love with this resort style backyard with raised pool, spa, firepit, synthetic grass, and travertine extended patio! Quite possibly the most customized TW Lewis home in all of Blackstone with over $387,000 worth of custom touches after the home was built! This original owner didn't miss a single detail inside or out! Beautiful 24'' x 24'' designer flooring, custom baseboards & crown molding, custom chandeliers & designer window treatments throughout! This Gourmet Kitchen is perfection with oversized custom island with high end granite slab and ogee edge. Designer stacked cabinets with glass fronts. Upgraded GE Monogram appliances with Built-in Refrigerator. Double ovens & warming drawer. Pot filler above the gas cooktop. Custom backsplash. Built-in wine rack. Custom built-in desk space with granite slab in the Sun Room off the Chef's Kitchen. Primary Suite features one of the most beautiful bathrooms you will find. Marble shower with 3 shower heads and 4 body sprayers. Extra large shower glass, Penhaglion claw foot standing tub, granite slab counters, and custom lighting! If you're looking for a home with dual primary suites, this is the closest you will find with oversized Guest Suite at the front of the home with custom Bath! Full list of upgrades and custom touches in the Documents Tab. This home is located in the perfect spot with nobody in front. Enjoy beautiful desert, park, and mountain views from the tuscan inspired front courtyard!
6907 E Teton Circle
Mesa, AZ 85207
$1,395,000
5
Beds
3.5
Baths
4,300
SqFt
Status
Active
MLS #
6780657
Property Type
Single Family Residence
Price Type
--
CITY LIGHTS AND MOUNTAIN VIEWS! Luxurious living at its finest in this unique masterpiece nestled on a desirable cul-de-sac! Resort-like backyard is an outdoor oasis for entertainers. Its covered patio, putting green, built-in BBQ, completely remodeled shimmering pool & spa with water features, exterior fireplace, trampoline, and colorful sunsets make it a true wonder. Awe-inspiring interior boasts breathtaking attention to detail, a blend of wood-look tile & carpet flooring, plantation shutters, soaring ceilings, stylish light fixtures, ceiling fans, and pre-wired surround sound for an immersive experience. Additional highlights include a living room, formal dining room, flexible den located upstairs, bonus room, and a modern great room enhanced by a cozy fireplace, and custom built mantel. Gorgeous kitchen displays ample cabinets adorned with crown moulding, a pantry, granite counters, a breakfast bar, a center island, high-end GE Profile SS appliances such as a built-in refrigerator, wall oven & gas cooktop, and a breakfast nook with a bay window. Owner's retreat will impress you with a double door entry, balcony access, and an en suite equipped with dual sinks, make-up desk, soaking tub, and a walk-in closet. Glass double doors lead to adjoining bedroom making it perfect for den/office or nursery. Very large third upstairs bedroom is attached to the hall bathroom allowing for easy access. It also has a walk-in closet, and designer details. Fourth upstairs bedroom opens onto its own small terrace through sliding glass doors. Spacious walk in closet and this room has a unique curved wall as a design feature. There is also an additional bedroom downstairs with an en suite bathroom. With a 3-car garage, mature landscape, and a gated courtyard. Three bay garage has built in floor to ceiling storage cabinets and space for additional fridge or freezer. Two AC units are York 16.5 Seer Variable Speed Units installed in 2019. Home is located in sought after Las Sendas Community with access to parks, pools, tennis courts, pickleball courts, golf course and gym. Positioned on hiking/mountain biking trail with access adjacent to property leading to Hawes Trail System of Tonto National Forest. Salt River is 5 minutes away. Saguaro Lake is 20 minutes away providing endless outdoor recreational opportunities. Top rated Las Sendas Elementary School, Pathfinder Academy and ALA Mesa North are all a short distance away. Fremont Junior High and Red Mountain High School are the local upper grade schools.
7301 E 3rd Avenue Unit 402
Scottsdale, AZ 85251
$1,395,000
2
Beds
3
Baths
2,447
SqFt
Status
Active
MLS #
6783366
Property Type
Apartment
Price Type
--
Step into luxury living at its finest! This property offers awe-inspiring interiors , creston system for lights and music with meticulous attention to detail. Marvel at soaring ceilings, wood-look flooring, and a wine cellar. Enjoy expansive windows, recessed lighting, and stylish ceiling fans throughout. The spacious living room is perfect for entertaining. Indulge in the outstanding eat-in kitchen with high-end appliances, lavish marble counters, and a large island with a breakfast bar. Upstairs, discover a versatile loft ideal for a second room or entertainment area. Retreat to the grand main suite, flooded with natural light and featuring a sitting area with breathtaking outside views. Pamper yourself in the pristine ensuite with a walk-in closet. Don't miss out!
17770 E Paria Canyon Drive
Rio Verde, AZ 85263
$1,395,000
2
Beds
2.5
Baths
2,186
SqFt
Status
Active Under Contract
MLS #
6750401
Property Type
Single Family Residence
Price Type
--
CORNER LOT & BREATHTAKING MOUNTAIN VIEWS!! Experience Luxury Living in this beautiful Brasada Residence located in the coveted Trilogy at Verde River. This modern Spanish-style home is perched on the North facing Premium Homesite and is designed to capture UNPARALLELED MOUNTAIN VIEWS and dramatic ever changing Arizona sunsets from both the front and back patios. Front courtyard leads you into an open floor plan with an alluring great room, striking kitchen, and light and open dining room. Gourmet GE Monogram Appliances, large granite center island, custom lighting and stunning cabinetry in the kitchen offers a rich and upgraded look. Exuding warmth and sophistication this home is designed to feature distinctive elements such as large Den, upgraded flooring throughout, custom window treatments, stunning upgraded primary bath, epoxy coated 3 bay Garage with custom built-in cabinets, both Water Softener and Reverse Osmosis and so much more. The expansive primary bedroom and bathroom offer a luxurious retreat, complete with a tub, shower, and dual vanity. The second guest room comes with its own en suite bath, ensuring comfort and privacy. The entire Great Room area of the home features sliding Wall of Glass and opens for an optimal indoor/outdoor experience. Other notable upgrades include the Lake View, Insulated and climate controlled garage, Solid core interior door, Custom barn door in primary bedroom and a lot more. Spacious outdoor living has an extended covered patio with travertine tile and a custom landscaping. Did I mention THE VIEW? IT'S MAGNIFICENT!! Resort Lifestyle and a home to be treasured and appreciated! Trilogy at Verde River offers upscale Resort living at its finest and the very best of all possible worlds, close to the conveniences of affluent North Scottsdale yet secreted within the pristine privacy of the Sonoran Desert. The amenities are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickle ball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails. Whether you're seeking a second, winter home, or will live here year-round, Trilogy at Verde River is an ideal distance from the hustle and bustle of North Scottsdale. Attitudes here are different; there's a sense of community. You'll love the Resort living! What memories will you make?
4205 E Edgemont Avenue
Phoenix, AZ 85008
$1,395,000
5
Beds
4.5
Baths
3,815
SqFt
Status
Active
MLS #
6786927
Property Type
Single Family Residence
Price Type
--
Beautifully remodeled home in lower Arcadia! This rare basement home with high ceilings has an unbelievable floor plan that accommodates many living situations...be it the need for a couple home offices, multi-gen living, kids/teenagers, etc... This is truly a flexible floor plan! This stunning home boasts over 3800 sq ft with 5 bedrooms and 4.5 baths. As a bonus, none of the bedrooms have shared walls for added privacy. Basement includes a fabulous bonus room complete with a wet bar/kitchenette. Move in ready...don't miss out!
6514 N 85th Place
Scottsdale, AZ 85250
$1,395,000
6
Beds
5
Baths
3,540
SqFt
Status
Active
MLS #
6761679
Property Type
Single Family Residence
Price Type
--
RARE OPPORTUNITY to own this spacious 2,600 sq ft main house + 940 sq ft SINGLE LEVEL GUEST HOUSE in Park Scottsdale backing to the CANAL! UNICORN PROPERTY has ENERGY EFFICIENT & SMART HOME features galore! Main house & guest house are each UPDATED & equipped w/their own 2-car attached garages ~ Main house tri-level offers 5 bedrooms & 3.5 baths ~ Main house bright & modern kitchen w/soft close white cabinets extending to the ceiling, QUARTZ COUNTERTOPS, INDUCTION COOKTOP, built-in oven, under-cabinet lighting, LARGE KITCHEN ISLAND w/seating & storage, STAINLESS STEEL APPLIANCES & a reverse osmosis system ~ Main level features living room/great room, large laundry room, bedroom w/door to backyard & a half bath ~ Upstairs features a primary en-suite, 2 add'l bedrooms & a guest bathroom ~ Primary bedroom has 3 separate closets, an en-suite bathroom w/a luxurious Japanese STEAM SHOWER w/multiple shower heads ~ Lower level/downstairs offers a versatile great room & entertaining space w/an electric fireplace, bedroom, a full bathroom, & office space PLUS a WALKOUT BASEMENT exit to backyard ~ Whole home & ENERGY-EFFICIENT updates including LED LIGHTS, SPRAY FOAM INSULATION, AC MINI-SPLITS in every bedroom for precise temperature control, max efficiency & NEWER ROOF (DEC 2023) w/REFLECTIVE SHINGLES for heat resistance, complete w/a transferable warranty & 200AMP ELECTRICAL PANEL ~ SMART HOME designed to make life easier w/motorized curtains, Alexa controlled Lutron lighting & music, internet enabled locks, security cameras & garage doors ~ 2 car attached garage w/EPOXY floors, abundance of storage cabinets, attic storage (that stays cool even in the summer!) and a 50 amp EV charging plug. The spacious GUEST HOUSE features 1 bedroom + a den/office, 1.5 baths & its own private outdoor space ~ The large eat in kitchen is equipped w/matching STAINLESS STEEL Whirlpool appliances, white cabinets w/glass fronts, GRANITE COUNTERTOPS & under-cabinet lighting ~ Primary bedroom has en-suite bathroom w/a bathtub & luxurious shower w/MULTIPLE SHOWER HEADS, a Toto washlet toilet w/ BIDET & updated vanity ~ The guest house has it's own attached garage w/epoxy floors & tons of cabinets w/storage & a newer HVAC system ~ Smart features in the guest house include Alexa controlled music & lights ~ Perfect for friends or family, multi-generational home, or as a rental property, offering excellent income potential as a short- or long-term rental. Main house and guest house have recently had new EXTERIOR STUCCO & PAINT (Sept 2024) and the SUPPLY & SEWER LINES FULLY REPLACED including all the way out to the street (2016). The backyard is an entertainer's paradise, featuring a large covered patio w/recessed lighting, artificial turf, a putting green, & a motorized RV gate updated to alley angle to enable longer vehicle entrance & a concrete parking pad ~ 50 amp RV charging plug on side of house & RV hookup for sewer, power & ethernet. This oversized cul-de-sac lot backs up directly to the canal, offering stunning views of Camelback Mountain and easy access to the Scottsdale Greenbelt for biking, jogging & dog walking ~ Located in the highly desirable Park Scottsdale community, this home offers a prime location within walking distance to the canal, Scottsdale Greenbelt, Chaparral Park, and top-rated schools like Saguaro High School and Pueblo Dual Immersion Spanish Elementary ~ Enjoy being just minutes from Scottsdale Community College, Old Town Scottsdale, Fashion Square, Talking Stick Baseball Fields the 101 Freeway and so much more!
8620 E San Miguel Avenue
Scottsdale, AZ 85250
$1,395,000
4
Beds
3
Baths
2,677
SqFt
Status
Active
MLS #
6786774
Property Type
Single Family Residence
Price Type
--
Discover this one-of-a-kind South Scottsdale gem, offering unparalleled style, comfort, and convenience. Featuring two master suites, an incredible backyard with a heated pool, and a fully remodeled interior with modern mid-century charm, this property is truly special. The home is turnkey, with all furnishings available for purchase. Outdoor amenities include natural gas hookups for a firepit and BBQ, plus a spacious 2-car garage with 4 additional parking spaces. Bright and inviting, this home captures the South Scottsdale lifestyle, perfect for foodies, winter visitors, and year-round residents. Our motivated seller is offering everything in the home at an attractive price with the right offer. Check out the EV Charging Station in the garage. Please pop over and visit us today!
4219 E Janice Way
Phoenix, AZ 85032
$1,395,000
6
Beds
3
Baths
3,180
SqFt
Status
Active
MLS #
6786822
Property Type
Single Family Residence
Price Type
--
North Phoenix Living at Its Finest!! Discover this incredible property, perfectly situated on a sprawling 1/3-acre cul-de-sac lot. This unique home offers two living spaces in one, with separate yet connected additional quarters featuring their own entrance, two kitchens, and two master bedrooms—all on a single level. The backyard is an oasis of fun, complete with a massive heated pool, supported by two propane tanks, and ample space for relaxation or play. Fully furnished* and move-in ready, the home boasts a huge main living area and endless amenities designed for comfort and versatility. Truly a must-see, this property offers an exceptional lifestyle for families, entertainers, and anyone seeking space and style. (*Furnishings negotiable.) Please pop over and see us!