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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2663 N 142nd Lane
Goodyear, AZ 85395
$1,190,000
4
Beds
3.5
Baths
3,438
SqFt
Status
Active Under Contract
MLS #
6745176
Property Type
Single Family Residence
Price Type
--
Welcome to this exquisite 2024 build new luxury home, nestled on a prestigious golf lot. Designed for the discerning buyer, this residence boasts unparalleled elegance and sophistication. The open-concept floor plan features high ceilings, expansive windows, and top-of-the-line finishes throughout. Step into the grand foyer and be greeted by a spacious living area with panoramic views of the meticulously maintained golf course. The gourmet kitchen is a chef's dream, equipped with state-of-the-art appliances, custom cabinetry, and a large island perfect for entertaining. The master suite is a private retreat, complete with a spa-like en-suite bathroom, grand walk-in closet, and direct access to a serene outdoor terrace. Outside, enjoy the seamless indoor-outdoor living with a covered patio, in-ground pool, and beautifully landscaped gardens, all overlooking the rolling fairways. This home offers not only luxury but also a lifestyle of relaxation and prestige. Don't miss your chance to own this remarkable property that combines breathtaking views with exceptional comfort and style. Schedule a private tour today and experience the epitome of luxury living on the golf course.
1367 E Desert Flower Lane
Phoenix, AZ 85048
$1,189,800
4
Beds
4
Baths
3,835
SqFt
Status
Active
MLS #
6770354
Property Type
Single Family Residence
Price Type
--
Incredible property recently remodeled, it combines comfort, style, convenience! The RV gate & parking, big 3-car garage, & extended driveway are just the beginning. The double entry doors open to a bright & airy interior boasting a sunken living room, vaulted ceiling, formal dining, chic chandeliers. The gourmet kitchen features granite counters, center island w/hanging pot rack, SS appliances, breakfast bar, walk-in pantry, & sunny bay window nook. Spacious family room w/gas fireplace, a built-in desk for convenience, downstairs bedrm w/ walkin closet or for office. Elegant staircase leads to upstairs open loft & big den for entertainment, two 2ndly bedrm w private batthrm, over-sized Master Bedroom w/sitting area, big walk-in closet, private balcony w/ incredible views...movein ready Continue upstairs to find a built-in bookcase, a bonus room ideal for a game area or the 4th bedroom, & the sizable bedrooms, including their own bathrooms. The primary bedroom has sliding doors to a private balcony, bay windows for a sitting area, a walk-in closet w/mirrored sliding doors, & a spa-like ensuite. The lavish main bathroom provides two vanities, a jetted tub, & a tiled shower. Washer, dryer, cabinetry, & utility sink are included in the laundry room! Oversized backyard is perfect to host fun gatherings with its sparkling pool, heated spa, built-in BBQ, covered patio, fire pit area, and plenty of room for playing. You will fall in love with this amazing home!
10072 E Turquoise Avenue
Scottsdale, AZ 85258
$1,189,800
3
Beds
2
Baths
1,963
SqFt
Status
Active
MLS #
6675250
Property Type
Townhouse
Price Type
--
Beautifully remodeled home in Las Brisas...ON THE WATER!! If you are in the market for open concept living, this is the perfect home for you! The open kitchen has been extensively remodeled and features all New Appliances , stainless steel beverage refrigerator, a large island that can seat 6-8 people, and lots of storage! Enjoyed breakfast or watch the sunset from the wrap around patio . Bathrooms have been remodeled and includes new plumbing fixtures, white and quartz countertops. Master bath was upgraded with a new vessel tub and expanded shower. Mountain views from the den! The master suite has a den/office that looks out onto the lagoon. New LVP wood flooring and carpet. High soaring ceilings. 2 bedrooms on the main floor.
4808 N 24th Street Unit 1304
Phoenix, AZ 85016
$1,189,000
3
Beds
3
Baths
2,312
SqFt
Status
Active
MLS #
6766405
Property Type
Apartment
Price Type
--
Location, Lifestyle & Luxury define the Optima Biltmore Towers. Contemporary condo w/city, mountain & sunrise views. Open floor plan w/3 spacious bedrooms (2 primaries) & 3 baths. 2 covered balconies. Remodeled in 2021. Wood plank tile flooring throughout, both A/C units replaced, recessed lighting, baths upgraded, sleek light fixtures. Main primary w/walk-in closet w/stack washer & dryer, sliding door to balcony, bath has a separate soaking tub & shower & dbl sinks. Cook's dream kitchen w/white quartz countertops, breakfast bar, sub-zero, gas cooktop, wine frig, farm sink, under cabinet lighting, soft close cabinets w/pullouts. Second primary retreat w/en-suite bath is great for guests. 3rd bed/office w/built-in desk for a multi-functional room. Click on More...for the Amenities! The Amenities are amazing. 360-degree city views, day & night, from the Penthouse/Rooftop are spectacular. The features on the PH/Rooftop include gas grills and covered dining area. A new state-of-the-art pool & spa, 2 cabanas & custom furniture will be installed & completed January 2025 (renderings in photos). The new pool will be the largest rooftop pool in AZ. Check out the gym on the 3rd floor. It has bikes, treadmills, weights, machines & much more. The 2nd floor has a private conference room, entertainment room, kitchen, tv area & an outdoor dining area. Views from everywhere. In addition to all this, you get 2 parking spaces, and a storage unit which are steps away from the elevator on level P1. The location of Optima Biltmore Towers is second to none. Close to Biltmore Fashion Square, restaurants, grocery stores, Sky Harbor, golf, hospitals, theatres and all that the Phoenix metro area has to offer. This condo is a must see. Show & Sell!
12685 E Laurel Lane
Scottsdale, AZ 85259
$1,189,000
3
Beds
2
Baths
2,609
SqFt
Status
Active
MLS #
6783156
Property Type
Single Family Residence
Price Type
--
Stunning residence that embodies elegance, comfort, and modern living. Nestled in one of Scottsdale's most desirable gated neighborhoods, this home offers a harmonious blend of upscale design and practical functionality, perfect for families or those who love to entertain. An open and inviting floor plan with a beautifully designed kitchen, complete with granite countertops, refinished cabinetry and stainless steel appliances,. The kitchen flows seamlessly into the living and dining areas, making it an ideal space for gatherings. Spacious family room with fireplace and wet bar. The backyard is an entertainer's dream with large covered patio, pool, privacy and amazing views for miles making it perfect for enjoying Arizona's beautiful weather or hosting outdoor gatherings. The primary bedroom with ensuite is a true retreat, boasting a generous layout, and serene views. Additional bedrooms provide ample space for family, guests, or a secondary home office in addition to the office/den with double door entry and majestic mountain views. Enjoy a glass of wine at sunset from the quiet serene front courtyard overlooking the private cui-de sac lot surrounded by natural desert and mountain views. A true retreat! You can hike and bike the McDowells or the many other trails right from your front door. Located close to top-rated schools, shopping, dining, and recreation, this home combines convenience with upscale living. This neighborhood is known for it's proximity to some of the best schools in Scottsdale including Basis and walking distance to Anasazi Elementary.
793 E Elmwood Place
Chandler, AZ 85249
$1,189,000
4
Beds
3
Baths
3,146
SqFt
Status
Active
MLS #
6783957
Property Type
Single Family Residence
Price Type
--
Whole-home remodel completed in 2023! New kitchen, baths, flooring, paint, lighting, windows, exterior doors, side yard, landscaping, and more. This 4 bedroom, 3 bath open concept home sits on a large lot in the Ocotillo area near a walking trail and golf course. The designer kitchen features a large island, gas cooktop, upgraded appliances, and giant walk-in pantry. Relax in the nearby family room or the formal great room. The backyard oasis includes a pergola with 2 TVs, heated pool, covered patio, and plenty of privacy provided by a block wall lined with ficus trees. The oversized primary retreat has a sitting area, dual vanities, soaking tub, walk-in tiled shower and large walk-in closet. Two additional bedrooms are nearby with a dual vanity bath across the hall. The fourth bedroom and third bathroom are at the front of the house for guest privacy or could be used as a home office. The 3-car garage has tons of built-in storage and a refrigerator. Rounding out this gorgeous home is a large laundry room with utility sink, extra closets throughout, and tons of curb appeal. Don't miss this gem!
3982 E Sandpiper Drive
Phoenix, AZ 85050
$1,189,000
4
Beds
5
Baths
3,796
SqFt
Status
Active
MLS #
6763827
Property Type
Single Family Residence
Price Type
--
Reduced! Welcome to your new home in Aviano of Desert Ridge! Walk through the gate to a welcoming courtyard with a play pool and grilling area. Inside, enjoy cherry laminate floors in the office, granite countertops in the kitchen, and a great floor plan. The first floor features a formal dining area, family room, kitchen, and living room. Enjoy a spacious great room upstairs, a remodeled owner's suite, and three additional bedrooms, one with a separate entrance. Stay cool with a brand-new AC unit and don't worry if you have a large SUV or a Cybertruck, the 3 car tandem garage will make sure you have room. Aviano offers a large gym, pools, tennis and basketball courts, playgrounds, parks, and community events like 4th of July fireworks. Plus, you're minutes from Desert Ridge!
6802 N 22nd Place
Phoenix, AZ 85016
$1,189,000
4
Beds
3
Baths
2,662
SqFt
Status
Active
MLS #
6747574
Property Type
Single Family Residence
Price Type
--
This exquisitely renovated 4 BD, 3 BA home in the exclusive Lincoln Estates offers unmatched luxury, no HOA, and energy savings with fully owned solar panels. Nestled on a private cul-de-sac, enjoy stunning Piestewa Peak views from the living room and the tranquility of your resurfaced pool. Entertain in the spacious great room with a wet bar and fireplace, or relax in your spa-like master suite with a private exit to the backyard oasis. Minutes from Biltmore, downtown Phoenix, and Old Town Scottsdale, this home combines modern updates and convenience for an unbeatable lifestyle. Seller is offering a $10,000 concession toward a rate buy-down for qualified buyer presenting a strong offer.
8989 N Gainey Center Drive Unit 216
Scottsdale, AZ 85258
$1,189,000
3
Beds
2
Baths
1,970
SqFt
Status
Active Under Contract
MLS #
6744856
Property Type
Townhouse
Price Type
--
Experience the epitome of luxury living in this stunning 3-bedroom, 2-bathroom 1,970 square foot townhome, nestled within the prestigious and gated enclave of Gainey Ranch. As you approach this residence, be greeted by grand 14-foot ceilings and expansive floor-to-ceiling windows, giving the space an abundance of natural light, creating an atmosphere of openness and airiness. This exquisitely maintained home radiates an unparalleled sense of pride and ownership, showcasing lavish enhancements that define luxury. The designer kitchen features New cabinets, a Built in refrigerator, and waterfall counters. Step onto the spacious patio/balcony, offering the upmost privacy. Retreat to the expansive primary bedroom, which features a spacious walk-in closet and an en-suite bath reminiscent of a spa-like oasis. Recent upgrades include a state-of-the-art HVAC system, new wood floors through out, and slab fireplace.Furthermore, this exclusive residence gives access to the EXCLUSIVE Gainey Ranch Estate Club, an enclave of unparalleled leisure and recreation. Delight in the pools, a cutting-edge fitness center, yoga and massage rooms, fitness classes, tennis courts, pickleball courts, a private event space, full bar, wine lounge, and a wealth of additional amenities that redefine the meaning of luxury living.Situated near the renowned Gainey Golf Club, and within close proximity to upscale shopping and dining of Gainey Village, this home encapsulates elevated living in the heart of Scottsdale. Discover the epitome of luxury living, where every detail exudes sophistication and refinement.
679 W Moon Valley Drive
Phoenix, AZ 85023
$1,189,000
4
Beds
3.5
Baths
4,560
SqFt
Status
Active Under Contract
MLS #
6737329
Property Type
Single Family Residence
Price Type
--
First time on the market in 25 years! This single-level custom home offers over 4,500 sq ft with impressive living spaces and generous-sized bedrooms. There are plenty of spaces to entertain here! The formal living room has a cozy fireplace, while the great room is flooded with natural light and features a wall of custom built-ins. The authentic Irish Pub offers the perfect place to unwind with your friends and enjoy a pour of your favorite whiskey. Kitchen has plenty of cabinets, a gas cooktop, newer fridge & dishwasher. The primary suite is oversized, with views of the backyard and double walk-in closets. Outside, enjoy a covered patio, expanded pavers and huge grassy backyard overlooking the 18th Fairway at MV Country Club. Roof recoated 2020, tile redone 2021. Owned solar! No HOA!
8048 N Via Palma --
Scottsdale, AZ 85258
$1,189,000
4
Beds
3
Baths
2,035
SqFt
Status
Active
MLS #
6775626
Property Type
Single Family Residence
Price Type
--
Turn-key and move in-ready both aesthetically and mechanically in one of Scottsdale's most historically sought after neighborhoods, McCormick Ranch. Brand new roof, water heater and newer AC. It is steps to both the golf course and the pool! Driving up to this home, you'll be welcomed by manicured grounds and new, smooth stucco and paint that creates curb appeal and a modern feel. Walking to your front door, you'll enter a charming courtyard flooded with natural light and double doors inviting you inside and illuminating the large entryway foyer. Consistent WOOD floors throughout offer a cohesive design. Around the corner you will find the great room with an open concept, featuring custom woodwork. The kitchen has custom cabinetry, an oversized chef's range, a pot filler and so much more. On one wing of the home, you'll find two bedrooms with en-suite bathrooms and walk in custom closets. You'll be welcomed to your primary suite by double doors. The bathroom features a gorgeous double sink vanity with a marble style counter, private toilet room and an incredible all-tile wet room with two shower heads and a beautiful, large soaking tub. The second primary bedroom is down a long hallway, offering privacy and comfort for each bedroom. It features a walk-in closet, vanity and custom tiled shower. The additional third and fourth generously sized bedrooms are located on the opposite wing of the home near your third full bathroom. Upon stepping out onto your patio, you'll find a large shade tree and new landscaping growing to provide a serene, private and peaceful outdoor living experience. The McCormick Ranch lifestyle is sought after by many for good reason. You'll have dozens of restaurants within just minutes, Scottsdale Fashion Square Mall just down the road, beautifully landscaped walking paths, charming coffee shops, mature tree-lined streets and plenty of golf courses to enjoy Scottsdale's beautiful sunny weather. With all furniture available if you wish, you could be settled in before the holidays! Welcome home.
7385 W St Moritz Lane
Peoria, AZ 85381
$1,185,500
4
Beds
3
Baths
2,880
SqFt
Status
Active
MLS #
6626576
Property Type
Single Family Residence
Price Type
--
Beautiful new home on large lot in gated community with HUGE RV GARAGE! This luxurious modern Spanish home boats enormous 1538 sq. ft. garage with EV charger, 4-car parking PLUS a 44' RV garage for all the toys. Nearly 2900 sq. ft. with 4 bedrooms, large den, 3 full baths and oversized laundry room that caters to everyday living. Exceptionally built with spray foam insulation for ultimate comfort and efficiency; extensive wood-tile flooring, quartz counters and amazing cabinetry. 10' ceilings, 9' and 14' garage doors, and 169' deep lot! Backyard landscape included! Adjacent to Arrowhead and P83 and situated next to the HOA park, it's location, location, location!
