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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12856 W Calle De Baca --
Peoria, AZ 85383
$999,000
4
Beds
2.5
Baths
3,216
SqFt
Status
Active
MLS #
6764194
Property Type
Single Family Residence
Price Type
--
Own a fantastic home in one of Peoria's most sought-after communities! This gorgeous residence in Blackstone at Vistancia truly shows pride of ownership with its exquisite curb appeal, professionally manicured landscape, and gated courtyard. Discover a spacious formal living/dining room ideal for hosting holiday feasts. The sizable den has wood floor and a desk, making it perfect for an office. Tall ceilings, neutral paint with custom color accents, tile flooring, plantation shutters, ceiling fans, and recessed lighting are found throughout. The massive open family room boasts a corner fireplace with stone accents & pre-wired surround sound. The large chef kitchen features white cabinets with crown moulding, tile backsplash, granite counters, SS appliances, an oversized island with breakfast bar, and a breakfast nook with stylish pendant light. The primary bedroom with outdoor access hosts a fabulous ensuite with two vanity sinks, glass-block windows, a tub, a step-in shower, and a huge walk-in closet. The extended 3 car garage offers epoxy floor, shelving, and custom-built cabinets & workbench, providing a neat workspace. The outdoor Oasis offers a covered patio, cobblestone floors, a built-in BBQ, putting green, a raised patio with a firepit & built-in bench, a spa, and a sparkling blue pool. This breathtaking home has it all! It's within a short walk to the community park. Let's not forget this prestigious community offers resort-like amenities! Act now before it's gone!
1553 E Zion Way
Chandler, AZ 85249
$999,000
5
Beds
3.5
Baths
4,019
SqFt
Status
Active
MLS #
6766487
Property Type
Single Family Residence
Price Type
--
Elegance, Function and Location are beautifully combined in this gorgeous BASEMENT home located in the highly coveted Chandler neighborhood of Cooper Corners West. 5 Bedrooms, 3.5 full baths, 3 car garage with 2 EV Charges, Home Theatre with 2 ROWS OF SEATING, OWNED SOLAR, HEATED POOL and many more beautifully impressive features. The Main level includes the Primary bedroom with an extensively remodeled en-suite, Office, a large Dining room, 2 large bedrooms, remodeled full bath, family room, and powder room. Detailing includes 4'' wood shutters, spectacular lighting, tons of storage, wood floors and newer carpets. The heart of the home; the Kitchen, was extensively REMODELED showcasing CUSTOM Shaker cabinets with self closing slider drawers, Thermador gas range, Zephyr Pro hood. The 10.5 foot island is topped by a luxurious single granite slab providing an abundance of surface space for making those wonderful meals or just relaxing with family and friends. The Primary bedroom retreat leads into the Bali inspired en-suite. Customized with FLOOR TO CEILING 12x24 Shibusa tiles, full glass enclosure, both rain and wall shower faucet heads; you'll be transported to a tropical paradise. The seating bench, niche and dual vanity surfaces are topped in stunning Fantasy Zebra Marble accentuated with flowing black, white and jade colored veins. Store your outfits in the walk in closet custom built by California Closets. The basement includes a fantastic Dolby Atmos Theatre area equipped with a 120 fixed screen, 4k projector and 2 tiered rows of soft Leather recliners. With 2 more bedrooms, another fully remodeled bath, new carpets, wood flooring and extra space next to the Theatre; you won't run out of ways to enjoy your home with your friends and loved ones! The tranquil backyard has a sparkling heated pool with Baja step and bench, large heated gas spa and a built-in bbq center. Best part? Solar panels allow you to enjoy this wonderful house with minimal electric bills. Within a nice walk or short drive to San Tan Elementary and JHS, near two fantastic parks, quick skip to the Ocotillo area, Downtown Chandler and the 202; this home is centered in THE Perfect spot for all your needs. Welcome Home!
357 W Haxtun Street
San Tan Valley, AZ 85143
$999,000
5
Beds
4
Baths
3,200
SqFt
Status
Active
MLS #
6780829
Property Type
Single Family Residence
Price Type
--
Nestled within the tranquil and exclusive Gated community of Whitewing at San Tan Magma, this property blends luxury and comfort seamlessly. The exterior boasts a sleek, modern Spanish design on over an acre of land. Inside, the spacious layout includes 5 bedrooms, 4 full bathrooms, offering a bright, open-concept floor plan. The chef's kitchen is thoughtfully equipped with abundant cabinetry, under-cabinet lighting, granite countertops, a large entertaining island, custom lighting, high-end appliances and a whole-home water filtration system. The dining and family rooms flow effortlessly family time and larger gatherings. The main residence includes a generous master suite with a large walk-in closet, soaking tub, separate shower and stylish finishes. MORE Three additional bedrooms and two full bathrooms complete the layout. Custom shutters are found throughout, along with an owned water softener system. A popular feature of this property is the 1 Bed 1 Bath attached guest house! This private space, connected to the main home, includes a kitchen with cooktop, full-sized fridge, quartz tops with waterfall edge and a separate living room with its own entrance, driveway and private courtyard, providing both convenience and privacy. The guest house can also be accessed directly from the main residence. The backyard is an entertainer's paradise. It features a sparkling pebble-tec pool, water slide, in-ground trampoline, custom gas fireplace, turf, outdoor kitchen with bar seating and plenty of room for an additional RV garage. Two double gates that access the backyard not only from the front driveway but also a side access double gate being the home is situated on a corner lot! The breathtaking views of the San Tan Mountains add to the property's allure with sunrises and sunsets that feel like works of art.
7481 E Whitethorn Circle Unit 628
Scottsdale, AZ 85266
$999,000
3
Beds
3
Baths
2,162
SqFt
Status
Active Under Contract
MLS #
6778612
Property Type
Single Family Residence
Price Type
--
Inviting Boulders home at end of cul-de-sac offers privacy and tranquility in this sought after community. Enter the great room with custom viga beamed ceiling, cozy fireplace adjacent to an appealing and spacious outdoor patio for the enjoyment of sunny AZ temps & cool starry nights. The open concept affords easy living with a spacious & efficient kitchen adjacent to the great room and dining area. Attractive primary suite opens to outdoor patio & the 2 additional bedrooms & baths make it easy to entertain guests & family. Community pool offers a lovely manner to unwind or get the grandchildren worn out! This lovely home in the gated and prestigious area known as 'The Boulders' is waiting for you to make it home.
3257 S Red Sage Court
Gold Canyon, AZ 85118
$999,000
3
Beds
3
Baths
2,742
SqFt
Status
Active Under Contract
MLS #
6775971
Property Type
Single Family Residence
Price Type
--
Located next to a tree lined arroyo, this stunning Santa Barbara inspired villa with private SPOOL offers exquisite finishes typically seen only in custom homes. 12ft ceilings, solid core 8ft Alder doors, Cantera stone fireplace. Kitchen: quartz counters, Viking appliances, apron sink, two pantries, Alder cabinets, Asco dishwasher. Recent $100k backyard refresh: SPOOL with waterfalls & jets, outdoor fireplace & artificial turf area. Motorized shades create a screened in room. Detached Casita: bed/bath, den, custom built ins, mini fridge & views of #18 tees. Perfect lock & leave or year round retreat! Guard gated community, 36 holes of Jack Nicklaus golf, pickleball, tennis, bocce, fitness center! Sky Harbor: 30 miles, Mesa Gateway: 20 miles, Retail: 9 miles. This is a MUST SEE!!!
3234 Buckaroo Court
Wickenburg, AZ 85390
$999,000
3
Beds
3.5
Baths
2,914
SqFt
Status
Active
MLS #
6677714
Property Type
Single Family Residence
Price Type
--
REDUCED 100K. Amidst the captivating scenery of Wickenburg Ranch, discover a residence that epitomizes refined living and tranquility. This exquisite home showcases 3 generously sized bedrooms, each complemented by its own en-suite bathroom, ensuring the utmost comfort and privacy for all occupants. With 3.5 bathrooms in total, convenience is paramount. A spacious 4-car tandem garage offers ample storage and parking space. Step inside to find a seamlessly flowing layout, accentuated by expansive sliding glass doors that flood the interior with natural light and seamlessly merge indoor and outdoor spaces. Entertain with ease on the expansive covered back patio while enjoying the serene ambiance of the front courtyard. The heart of this home lies in its open floor plan, fostering connection and warmth throughout. The kitchen stands as a testament to luxury and functionality, featuring an upgraded design highlighted by a sizable island, perfect for culinary endeavors and social gatherings alike. Within this haven of contemporary living, every detail has been meticulously curated to elevate daily life to new heights of sophistication and comfort.
1350 W Sierra Buena Court --
Show Low, AZ 85901
$999,000
4
Beds
3
Baths
3,750
SqFt
Status
Active
MLS #
6687153
Property Type
Single Family Residence
Price Type
--
Experience the epitome of mountain luxury in this completely remodeled Sierra Pines Cabin, nestled on over an acre of densely forested land in Show Low, Arizona. Redefining comfort and elegance with a professional and thoughtful redesign, this cabin unveils a modern floor plan that includes a newly added fourth bedroom and a convenient walk-in pantry, enhancing both space and functionality. The heart of the home is the kitchen, where quartz countertops meet custom maple dovetail cabinets, creating a harmonious blend of style and craftsmanship. The Cafe style stainless steel appliances provide a gourmet experience for the home chef, while the new lighting and plumbing fixtures throughout the cabin add contemporary flair to the rustic setting. Central to the living area, a German... ... Schmear fireplace stands as a testament to exquisite design, offering a cozy ambiance and a stunning focal point. The second level soars with vaulted ceilings, amplifying the cabin's spaciousness and reinforcing the grandeur of mountain living. Protecting this treasure is a new 50-year metal roof, promising durability and peace of mind. Beneath your feet, luxury waterproof flooring offers both beauty and resilience against the elements, ensuring your home remains a sanctuary of comfort no matter the season. Outside, the sprawling land is a canvas of nature, with majestic trees that whisper tales of serenity and seclusion. This cabin does not just offer a home; it promises a lifestyle ensconced in the beauty of Arizona's high country and adventure.
8502 E Cave Creek Road Unit 42
Carefree, AZ 85377
$999,000
3
Beds
3.5
Baths
2,846
SqFt
Status
Active
MLS #
6718845
Property Type
Townhouse
Price Type
--
Nice opportunity (far below the comps) in the Beautiful SkyRanch Gated Community - Larger 2846 SqFt, 3Br with 3.5 Baths on Large 1/4+Acre Lot - Fully Furnished w/ Linens & Kitchen. Guest Parking, Well-Cared-For unit with Solid Wood Doors & Cabinets. Nice easy-Flowing floor plan. 2 Master Suites and 3rd Guest Br. Breakfast Nook and Dining Room. Transom Windows (front & back) for natural lighting and easy access to Garage from Kitchen. Tennis Courts & Doggie Park nearby.
5626 E Charter Oak Road
Scottsdale, AZ 85254
$999,000
3
Beds
2.5
Baths
1,808
SqFt
Status
Active
MLS #
6749888
Property Type
Single Family Residence
Price Type
--
Bored of cookie cutter? Here's the opportunity for your own secluded sanctuary in the heart of 85254! Updated home, surrounded by masterfully placed towering boulders that create unexpected walkways with custom sculptures, and calming Koi pond in front. Inside, enjoy open spaces with lovely views from nearly every window, including custom-sculptured rock waterfall flowing into the pebble-finish pool. Block construction, with 3 large bedrooms, dual-pane windows with metal Roll Shutter Systems (for security, privacy and additional thermal control), water softener, drinking water filtration, walk-in pantry, gorgeous quartzite counters, 2022 Roof and HVAC, and many other custom updates throughout! All this, minutes to The Valley's best shopping and dining - many school options - and no HOA!
8147 N 5th Street
Phoenix, AZ 85020
$999,000
5
Beds
3
Baths
2,808
SqFt
Status
Active Under Contract
MLS #
6736317
Property Type
Single Family Residence
Price Type
--
Discover this exquisite Frank Lloyd Wright-inspired mid-century modern home, where innovative architectural design seamlessly merges modern luxury with timeless elegance. Greeted by a large, brick courtyard entry, you are welcomed into a residence that embodies sophistication. From the moment you enter, the great room impresses with a modern stone fireplace and soaring wood-beamed ceilings that effortlessly flow into the gourmet kitchen, creating a grand and inviting ambiance. The kitchen is a culinary haven, equipped with top-of-the-line appliances including a 6-burner gas range w/convection oven, a spacious island w/breakfast bar, integrated stainless wine and beverage center, and striking black fusion granite countertops. An oversized walk-in pantry with a butler's counter further enhances functionality and storage, making this kitchen a chef's dream. Open the expansive 8' steel patio doors to reveal a covered patio, ideal for hosting gatherings or savoring peaceful outdoor moments. Beyond, your private backyard oasis awaits. Relax beside the pristine diving pool, surrounded by meticulously landscaped grounds that offer beauty and privacy. Situated on a corner lot with a long private drive, this 2268 sqft home features 4 spacious bedrooms and 2 luxurious bathrooms. The versatile two-car garage includes a studio apartment with kitchenette, offering a 5th bedroom and 3rd bathroom, and adding nearly 600 sq ft of additional living space perfect for guests, hobbies, or an office. Don't miss your chance to own a truly one-of-a-kind architectural gem in a prime, central location with access to great schools, dining, multi-use trails, shopping, and entertainment!
8578 Eagle Point Road
Pinetop, AZ 85935
$999,000
4
Beds
4.5
Baths
3,086
SqFt
Status
Active
MLS #
6735227
Property Type
Single Family Residence
Price Type
--
Imagine a home where every detail reflects a commitment to excellence and comfort. This fully furnished abode within the Country Club area is not just a dwelling, but a statement of luxurious living. The architectural marvel spans 3,086 square feet, featuring four bedrooms and four and a half baths, each space crafted with meticulous attention to detail. The chef's kitchen, with its custom cabinets and high-end appliances, is a culinary dream. The master suite, with its lavish bathroom and walk-in closet, offers a private sanctuary. The additional bedrooms, each with their own full bathrooms, provide ample space for family and guests. The loft area, overlooking the communal spaces, is perfect for leisure and entertainment. ..READ MORE... The separate mother-in-law suite and activity-ready garage add layers of functionality and convenience. Outside, the 0.33-acre lot is a private paradise, complete with a new hot tub, gas firepit, and built-in grill for memorable outdoor gatherings. Renovated in 2018, this home near the Apache-Sitgreaves National Forest merges the rustic allure of a cabin with the comforts of a modern retreat, making it an ideal haven for those seeking a life of adventure and tranquility. This is more than a home; it's a lifestyle waiting to be embraced. Imagine living in the White Mountains of Arizona where you have 4 beautiful seasons and where you can breathe in the fresh mountain air and enjoy the 40 lakes and over 600 miles of rivers and streams. In addition to the amazing fishing, this area has one of the most extensive trail systems in the southwest for hiking, biking, horseback riding, quadding and more. Sunrise Ski Resort is also just 40 minutes away with 3 beautiful mountains to ski, snow board or sled. If shopping is your interest, you will love the antique stores and the multitude of arts and craft shows that happen in the summer. The music festivals have something to fit everyone's enjoyment. Do you love to golf? There are 7 amazing golf courses, 3 that are public. The White Mountains, where this home/cabin is the best kept secret of Arizona! Come and explore and enhance your living! Pinetop-Lakeside was also voted 'Best Cabin Region in the U.S... Embrace the MAGIC!
15042 N 49th Way
Scottsdale, AZ 85254
$999,000
5
Beds
3
Baths
2,823
SqFt
Status
Active
MLS #
6728748
Property Type
Single Family Residence
Price Type
--
Amazing opportunity to own this rare 5-bdrm home has $300,000 of upgrades -- fully owned paid-off solar which generates so much energy that APS sometimes pays the home owner (see doc tab). At this new price, home will not last long. Spectacular turn-key home in a quiet area walking distance to Sunrise Middle and Liberty Elementary. Enjoy high quality vinyl flooring, two fairly new AC units, a new roof, high vaulted ceilings, a nice sized great room for social gatherings, a formal dining area and living room space, a resort style backyard with turf in the back, grass in the front an EV charger in the garage and even an adorable small play area under the stairs used as a secret playroom. No HOA. Easy access to the 101, Desert Ridge shopping and entertainment nearby.