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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9131 E Sharon Drive
Scottsdale, AZ 85260
$999,999
3
Beds
2.5
Baths
1,750
SqFt
Status
Active
MLS #
6751084
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the heart of Scottsdale, Arizona! This meticulously curated single-family residence offers 3 bedrooms, 2.5 bathrooms, and an array of luxurious upgrades that make it the best value in the area. Rarely does an opportunity arise to own a fully redesigned, single-level home that has been transformed. Step inside and experience a space that has been entirely reimagined, boasting luxury fixtures and an open-concept layout that flows seamlessly from room to room. The kitchen is a chef's delight, featuring stunning quartz countertops, a brand new range, and a custom hood extending to the heightened ceilings. The oversized island offers additional prep space and casual dining, perfect for entertaining. Throughout the home, new tile flooring creates a cohesive look, while the fully rebuilt bathrooms showcase exquisite craftsmanship with modern tile work, elegant vanities, and sleek black hardware. The master suite is a private retreat with a spa-like bathroom, walk-in shower, and walk-in closet. Step outside into your private oasis. The backyard is perfect for both relaxation and entertainment, featuring a sparkling private pool and a built-in BBQ area ideal for outdoor dining and gatherings. Whether you're enjoying a refreshing dip or hosting a summer cookout, this outdoor space is designed to complement your lifestyle. Every detail has been carefully considered in this extraordinary remodel. Situated near top-rated schools and minutes from Scottsdale's best dining and shopping, this home offers a rare opportunity to enjoy modern luxury in a prime location. An itemized 'Property Upgrades List' is available for those interested in the exhaustive list of enhancements. Don't miss the chance to own this stunning home - a true gem in Scottsdale! Nadya Piazzisi, Leo Lux Realty
1532 N 107th Place
Mesa, AZ 85207
$999,999
4
Beds
2.5
Baths
2,801
SqFt
Status
Active
MLS #
6764606
Property Type
Single Family Residence
Price Type
--
Beautiful 4-bedroom, 2.5-bath w/breathtaking views of the Superstition Mountains! Enjoy the charming front courtyard w/fireplace & lg covered back patio perfect for entertaining & newer fenced sparkling pool and spa surrounded by picturesque desert scape, with RV gate offering plenty of room for toys—plus, no HOA! Inside, soaring volume ceilings with wood beams enhance the open great room and split floor plan. The primary suite includes a large walk-in closet and a luxurious bathroom with a jetted tub. Full jack and jill bathroom with double sinks connects 2 guest rooms. Additional highlights include spacious laundry room, walk-in pantry, & oversized climate controlled 4-car garage w/220v. This meticulously maintained home is on well with a backup tank, & newer Anderson windows!
3751 E Fairmount Avenue
Phoenix, AZ 85018
$999,999
4
Beds
2.5
Baths
2,255
SqFt
Status
Active
MLS #
6717497
Property Type
Single Family Residence
Price Type
--
Introducing 3751 E Fairmount Ave! Located in the highly sought after area of Suncrest Estates, this spacious floor plan will surely captivate. Offering a split 4 bedroom configuration, an oversized living and dining area, open concept kitchen with newly refinished cabinetry, a spacious family room, 2.5 baths, and an entertainment ready backyard with a swim up BBQ bar. Enter the home from a private paver laid front patio into a grand living and dining room space. Exploring through the living/dining area into the well equipped kitchen with a peninsula designed counter layout that overlooks the family room, and out into the backyard and pool. The main bedroom suite is adjacent to the kitchen and family space. Cozy, yet spacious, the master bedroom grants an impressive bath with a duel vanity, step in shower, and a walk-in closet. Head back to the kitchen and find the entry to the laundry room that passes through to a rare to find in the area, an oversized 1 car garage. This property was designed with space and functionality in mind. We'd love for you to see it yourself!
11889 N 113th Place
Scottsdale, AZ 85259
$999,995
5
Beds
3
Baths
2,615
SqFt
Status
Active
MLS #
6761992
Property Type
Single Family Residence
Price Type
--
GREAT LOCATION-(CACTUS-FLW BLVD) FULL UPDATE 2024 KITCHEN-CABINETS COUNTERS NEW BATH-SHOWER VANITIES- NEW FLOORING NO CARPET A 5BR-3 FULL BATHS-MASTER ON MAIN LEVEL ALONG 2ND BEDRM- EAT IN KITCHEN LARGE DINNING ROOM ! CORNER LOT -HOA allows short term rentals AIRbnb OK!- FIREPLACE-VERY LIGHT BRIGHT ON DEAD END STREET- FRENCH DOORS PEBBLE TECH POOL SCHOOLS A++BASIS PRIVATE 2 MILE AWAY, SHOPPING- ONLY MINUTES OF 101-FRANK LLOYD WRIGHT-CACTUS AREA ( 8 MIN 101-CACTUS) 25 MIN SKY HARBOR CLOSE TO WHOLE FOODS-COSTCO- AJS-TARGET KIERLAND 10 MINUTES OR LESS ZERO LOT LINE. NO COMMON WALLS, 2 FOOT AIRSPACE BETWEEN EACH HOUSE WITH SOLID FIREWALL BETWEEN EACH UNIT END UNIT! SINGLE FAMILY HOME . ON QUIET STREET. LOFT/ 5TH BEDRM CAN BE DONE IN 1 WEEK IF NEEDED ALSO $5500 lease purchase
4408 W Questa Drive
Glendale, AZ 85310
$999,990
4
Beds
3.5
Baths
3,240
SqFt
Status
Active
MLS #
6779548
Property Type
Single Family Residence
Price Type
--
Brand New Build, Move in ready!!! This 2023-built home is located in a High Demand Area surrounded by Multi-Million $$ Homes with Over +130k in upgrades! It has a 3-car garage & RV gate. Fabulous interior has a open floor plan w/wide sliding glass doors to the back patio & tile flooring. You'll find a large open room that can be used for an office/dining room and also find a Large Den. kitchen is fully equipped w/SS appliances, which includes a double wall oven & cooktop gas, top of the line fridge with a keurig built in, granite counters, recessed lighting, a walk-in pantry, built in wine cooler, ample cabinets w/crown moulding, tile backsplash, & a prep island w/a breakfast bar. Lastly, The Gorgeous backyard displays a covered patio, paver seating area, & artificial turf.
45409 N 22nd Street
New River, AZ 85087
$999,990
5
Beds
4
Baths
3,821
SqFt
Status
Active
MLS #
6762554
Property Type
Single Family Residence
Price Type
--
Welcome to a 2.5-acre horse property with the perfect blend of rural charm and modern amenities, complete with NO HOA and PAID OFF SOLAR. This estate includes a 1 bed, 1 bath GUEST HOUSE, and RV storage, both currently rented and generating $1,800 in rental income—an ideal setup for extra revenue or multi-generational living. Step inside the main home to find tile floors, a neutral palette, and a formal dining area that opens to a spacious living room. A two-way fireplace adds warmth and charm, flowing into a large great room. The chef's kitchen features stainless steel appliances, double wall ovens, granite counters, ample cabinetry, a walk-in pantry, and a center island with a breakfast bar.... The main suite is a luxurious retreat with a sitting area, backyard access, and a spa-like bathroom, complete with dual sinks, a makeup vanity, a soaking tub, and a large walk-in closet. A versatile den offers the ideal home office space and two guest bedrooms, each featuring full ensuites for ultimate privacy. Outside, the expansive backyard is an entertainer's dream, featuring a covered patio with misters, a Ramada, gazebo, a built-in BBQ, firepit, and a shed. With plenty of space for horses, this property truly offers it all. Don't miss out on this exceptional opportunity!
1010 E Indianola Avenue
Phoenix, AZ 85014
$999,990
5
Beds
3
Baths
2,925
SqFt
Status
Active
MLS #
6765148
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning NEW BUILD featuring an open-concept design. The Kitchen boasts a French door refrigerator, 5-burner GAS range, a wall-mounted double oven, perfect for culinary enthusiasts and huge walkin pantry. The spacious living room includes an electric FIREPLACE, open to the dining room and kitchen with an oversized rear sliding door and large window offering much natural light. Nice backyard with BUILT-IN BBQ island. The first floor also features a guest bedroom, bathroom and mudroom. The second floor boasts a primary suite that offers a luxurious bathroom with standalone tub, dual showerheads, walk-in closet. Second floor laundry, huge family room, three other bedrooms, balcony with downtown view. 2 Car GARAGE, ample parking and a prime location, this home is a must-see!
1260 W Coyote Run Trail
Prescott, AZ 86303
$999,990
4
Beds
3
Baths
3,700
SqFt
Status
Active
MLS #
6773271
Property Type
Single Family Residence
Price Type
--
Nestled among towering ponderosa pines, manzanita, junipers, this stunning custom home offers breathtaking views in every direction, creating a serene oasis that harmonizes privacy with the beauty of nature. A long inviting driveway with two entrances leads you to this completely renovated residence, featuring a covered Trex front porch with side lights and new Mulberry front door adorned with prism beveled glass. Inside, a grand entry with high ceilings welcomes you, two staircases that lead you to a separate primary suite and large secondary bedrooms. The main floor boasts versatile living spaces, including a sitting area, two living rooms-one featuring a cozy river rock gas fireplace-and a spectacular view of Thumb Butte. A formal dining area. The gourmet kitchen is a chef's dream, central island equipped with cabinets, granite countertops, knotty alder cabinetry, stainless steel appliances and walk-in pantry. Natural light floods the space, enhanced by two new solar tubes and upgraded light fixtures throughout. A spacious laundry room with utility sink and cabinets. A convenient half bath for guests, multiple decks, including a redwood deck off the kitchen and a screened in porch leading to the west deck with a Sundance hot tub, make this home perfect for entertaining. Upstairs, the expansive primary suite features large windows, corner gas fireplace with stacked rock, separate office with built-ins, a private deck, two walk-in closets, a luxurious bathroom with tiled rain shower and soaking tub, dual sinks and vanity. From the second staircase entrance, three generous secondary bedrooms share a well-appointed 3/4 bath. Two of the bedrooms have window seats with storage. Standard closets with sliding doors and shelving. A tiled rain shower, dual sinks and vanities. With abundant storage, three-car garage with new doors and openers. A host of modern upgrades-including a new roof with ridge vent, furnace, a/c coil, electronic air filter and sanitizing UV light on furnace, two gas packs in the bedroom wings and recirculating hot water heater. Exterior painting, new fascia, gutters and downspouts. All upgraded interior and exterior lighting. Owned security system for home monitoring. This beautiful home is minutes from downtown historic Prescott!
4437 N Granite Reef Road
Scottsdale, AZ 85251
$999,990
4
Beds
3
Baths
2,213
SqFt
Status
Active
MLS #
6736855
Property Type
Single Family Residence
Price Type
--
Move-in ready is this COMPLETLY renovated and permitted 4 bed, 3 bath home! Prime location in southeast Scottsdale location with NO HOA!! The cozy private courtyard in the front brings you into this spacious floor plan. Brand new tile flooring all throughout the home for easy care and maintenance. Just to the left of the foyer is your formal dining area niche. An open and inviting great room area awaits you with 12 ft wide accordion pocket doors that open all the way for that indoor/outdoor living. Kitchen area just off to the right that's been completely redesigned to maximize the efficiency of space. Large kitchen island with plenty of prep space and eat-up bar seating. All stainless-steel appliances including a 6-burner gas range. Both a pantry and a walk-in pantry. Walk down the hall where there are three guest bedrooms and a full bathroom. Master bedroom with ensuite bath that has a dual sink vanity and walk-in seamless shower, and a walk-in closet with built-ins. A full-size laundry area with extra storage space and guest bathroom on the other side of the home with an exit out to the pool area. Plenty of covered patio space, and extended patio area surrounding your refreshing pool area. New pool cleaning system installed as well as the pool and deck areas have been completely resurfaced. Desert landscaping in both the front and back yards for easy year-around maintenance. Perfect neighborhood location with just a short drive to either Camelback Fashion Square or Old Town Scottsdale to the west, or hop on the Loop 101 to the east, giving you easy access to all of the finest restaurants, shopping Scottdale has to offer, or commuting to wherever you need to go.
9608 E Sector Drive
Mesa, AZ 85212
$999,980
5
Beds
5.5
Baths
3,596
SqFt
Status
Active
MLS #
6767469
Property Type
Single Family Residence
Price Type
--
Don't settle for an old used home, buy something new!! This is a super functional single level floorplan with 5 bedrooms, 5 1/2 bathrooms and a teen room. 3 bay garage gives you plenty of room for parking and storage. This floorplan has 12 foot ceilings in the great room and kitchen and a huge 15 foot slider of glass that invites you to the large covered patio. This home was expertly designed by our design team with the most amazing GE Monogram kitchen appliances. Granite countertops in the kitchen and all the bathrooms. A beautiful huge tiled primary shower and free standing tub. This home will be complete in January 2025
5735 E Star Valley Street
Mesa, AZ 85215
$999,970
4
Beds
3.5
Baths
2,718
SqFt
Status
Active
MLS #
6764109
Property Type
Single Family Residence
Price Type
--
This Residence 10 features a south-facing backyard with open desert views. Walking distance to the community center, pool, gym, and sports courts. The home maximizes yard space and storage with a modern kitchen featuring Quartz countertops and a brick wall extending to the ceiling. The Rural Mediterranean elevation includes a private courtyard, separate 2- and 1-car garages, and an upgraded iron entry door and gate. The master suite offers a large shower and free-standing tub, with bedrooms sized for large beds. Move-in-ready in a gated community with 50% open space. Additional Features: Paver driveways, KitchenAid appliances, plank tile flooring, 8' garage doors, and high-tech wiring. (Furniture does not convey)
5840 E Sierra Morena Street
Mesa, AZ 85215
$999,970
3
Beds
3
Baths
2,498
SqFt
Status
Active
MLS #
6716099
Property Type
Single Family Residence
Price Type
--
Model Home For Sale! Highly Upgraded and Hughly Discounted! Don't miss an fantastic opportunity to be in a Blandford Model Home at Red Rock! Many Upgrades Include Gourmet Kitchen with Kitchenaid Built in Fridge, Wall Oven and Microwave, Pot Filler, Farmhouse Sink, Whole House Tile, Beams, Brick Accent Walls, Floating Cabinets, Tons of Accents Lights, Oversized Extended Garage, Long Driveway, Landscaping is Finished with Backyard Fire Place, Raised Deck, Lots of Turf, Designer Lighting. Move in Ready,