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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1740 E Acorn Lane
Huachuca City, AZ 85616
$925,000
5
Beds
3
Baths
3,700
SqFt
Status
Active
MLS #
6782677
Property Type
Single Family Residence
Price Type
--
Step into a world where the desert meets a hidden oasis. This extraordinary 5-bedroom, 3-bath home sits on 10 lush acres, boasting features that defy the usual desert scene. Imagine the serenity of lush trees, a green lawn, and even a sparkling year-round stream—yes, FISH have been caught!!! This property has room to spare, including a massive 6+ car garage, a hay barn, a refreshing pool, and a private well for sustainable living. Looking for more? An additional 10+ acres is also available, giving you boundless opportunities. Envision a thriving AirBnB, a bountiful garden, or a personal retreat. Don't miss this chance to own a truly one-of-a-kind property. Seize the opportunity and make this unique desert paradise yours!
20325 E Colt Drive
Queen Creek, AZ 85142
$925,000
4
Beds
3
Baths
2,982
SqFt
Status
Active Under Contract
MLS #
6771661
Property Type
Single Family Residence
Price Type
--
Discover this Santa Fe-style gem in the prestigious Will Rodgers Equestrian Ranch. Nestled on a premium lot with desert views behind, this 4-bedroom, 3-bath home features a large kitchen with high-end appliances and boasts new exterior paint. The backyard oasis offers a covered patio, pool, and hot tub, perfect for relaxation and entertainment. A spacious 4-car garage includes a workshop, ideal for DIY projects or additional storage. This neighborhood caters to horse enthusiasts with a community barn, riding arena, and easy access to the Queen Creek trails. Additional community amenities include a shared pool, pickleball/basketball court, and RV/Horse Trailer storage. This exclusive and meticulously maintained property seamlessly blends luxury living with natural beauty. Enjoy the serenity of mountain living combined with modern comforts in this exceptional ranch home.
3804 E Ivy Circle
Mesa, AZ 85205
$925,000
3
Beds
3
Baths
3,274
SqFt
Status
Active Under Contract
MLS #
6777820
Property Type
Single Family Residence
Price Type
--
This spacious 3,274 sq ft home offers privacy and relaxation, nestled on nearly an acre lot in a quiet cul-de-sac. The residence features two large bedrooms downstairs, both with en suites, a den with conversion potential for a third bedroom, and an upstairs loft perfect for additional living space. Enjoy the custom feel throughout, large windows, gas fireplace, raised ceilings new luxury vinyl plank flooring, & new doors (front, exterior French, and bedroom), all installed approximately two years ago. The outdoor oasis includes a sparkling pool and spa, perfect for hot Arizona days. The property also boasts a detached 3-car garage, offering ample storage. No HOA fees and flood irrigation at the property for a fraction of the water cost. This home truly has it all for privacy and location
274 E Mckellips Boulevard
Apache Junction, AZ 85119
$925,000
4
Beds
3.5
Baths
2,378
SqFt
Status
Active
MLS #
6784305
Property Type
Single Family Residence
Price Type
--
Discover Arizona living at its finest in this breathtaking home with views of the Superstition and Goldfield Mountains in every direction. Located in the heart of Arizona's most equine-friendly town, this property sits directly across from State Trust and BLM land, offering unmatched access to hiking and horseback riding trails. This newly built home, thoughtfully designed on over an acre of level land (no washes to contend with), offers the perfect blend of modern elegance and rural charm. The spacious great room layout, with a split-bedroom design, creates a welcoming atmosphere ideal for entertaining or simply relaxing. The chef-inspired kitchen is a dream come true, featuring expansive granite countertops, upgraded cabinetry and appliances, and all the space you need to unleash your culinary creativity. A standout feature of this home is the detached Casita, complete with its own entrance, full bathroom, and kitchenette. Whether you're looking to accommodate extended family, college students, or guests or generate additional income as a rental this space offers endless possibilities. This exceptional property comes with a recently drilled private well offering enhanced self-sufficiency. The entire perimeter is secured with a sturdy block fence, providing both privacy and peace of mind. Additionally, the oversized three-car garage features custom steel insulated doors. Experience the perfect blend of luxury, comfort, and adventure in this one-of-a-kind home. Explore everything this property has to offer, from its stunning design and thoughtful features to its unbeatable location with endless outdoor opportunities. Make this incredible home yours today, don't let it slip away!
7401 N Scottsdale Road Unit 46
Paradise Valley, AZ 85253
$925,000
3
Beds
3
Baths
2,351
SqFt
Status
Active
MLS #
6784436
Property Type
Townhouse
Price Type
--
Updated 3-Bedroom, 2-Bath Condo in Paradise Valley with Golf Course & Lake Views This stunning 3-bedroom, 2-bathroom condo, plus additional den upstairs overlooking the golf course, offers a rare combination of breathtaking views, upscale living, and world-class amenities. Situated on a beautiful golf course with views of a serene lake, this property is the perfect place to make a home or enjoy as a seasonal retreat. **Spectacular Views**: Enjoy breathtaking views of the lush golf course and tranquil lake from nearly every room, including a private balcony and 2 patios perfect for relaxing or entertaining. **Open-Concept Living**: The spacious, light-filled living area features high ceilings, modern finishes, and large windows that bring the beauty of the outdoors in The open layout offers a seamless flow between the living, dining, and kitchen areas. **Gourmet Kitchen**: The kitchen boasts stainless steel appliances, granite countertops, and custom cabinetryperfect for preparing meals or hosting guests. **Primary Suite**: The primary bedroom offers sweeping views, with tons of natural light, a walk-in closet, and an en suite bathroom with a walk-in shower for ultimate relaxation. **Additional Bedrooms**: The additional bedrooms are spacious, and can be used for guests, home office, or personal fitness space. **Hotel-Style Amenities**: Enjoy access to resort-like amenities through the Millennium Hotel, available on a daily rate. This can include a pool, fitness center, on-site dining, concierge services, and moreall just steps from your door. **Prime Location**: Ideally situated in Paradise Valley, this condo offers quick access to upscale shopping, fine dining, hiking trails, and entertainment. Scottsdale and Camelback Mountain are just a short drive away. This condo offers a rare opportunity to enjoy a luxurious lifestyle with stunning views, exceptional amenities, and a prime location in one of Arizona's most desirable areas. Whether for a permanent residence or seasonal getaway, this is a place where comfort and convenience meet. **Come take your private tour today and experience all that it has to offer.**
741 E Vermont Drive
Gilbert, AZ 85295
$925,000
5
Beds
3
Baths
4,022
SqFt
Status
Active
MLS #
6690782
Property Type
Single Family Residence
Price Type
--
Experience the perfect blend of comfort and outdoor enjoyment this wonderful home showcases! Lovely façade displays a 3-car garage, RV gate, and mature landscape. Fabulous interior includes a large living room, an inviting foyer, wood-look tile flooring, chic light fixtures, soft paint, and high ceilings. With its floor-to-ceiling stone fireplace and surround sound, the spacious great room is ideal for lively get-togethers or quiet evenings! Open-concept kitchen features espresso cabinets with crown moulding, mosaic backsplash, desk area, granite counters, built-in appliances, and a prep island with a breakfast bar. Expansive main bedroom boasts an ensuite with vessel sinks, a soaking tub, and a walk-in closet. Don't miss the HUGE bonus room in the basement with boundless possibilities! Be delighted by the serene backyard, complete with a covered patio, fire pit, built-in BBQ, storage shed, citrus tree, and a sparkling pool with rock waterfall. This gem has it all! Just pack your bags and move in!
18672 W Santa Irene Drive
Goodyear, AZ 85338
$925,000
4
Beds
3.5
Baths
2,982
SqFt
Status
Active
MLS #
6694336
Property Type
Single Family Residence
Price Type
--
Live the Estrella Lifstyle in this amazing home! Located on over 1/2 acre lot that backs to NAOS w/mountain views, this home provides resort style living with the home and community ammenities. Home has a gourmet kitchen, 4 spacous bedrooms, 3.5 baths including a huge primary suite w/lavish bath. Pool, spa & tiered putting greens in the private backyard with mountain views. Home can be available fully furnished down to the linens and dishes. Perfect for a vacation rental or a seond home. Owned Tesla solar panels. Estrella boasts 65+ trails for hiking & biking, 50+ community parks with lakes, boating, playgrounds, sport courts, 3 Residents' Clubs that feature resort-style pools, state-of-the-art fitness centers, a variety of sports courts.
12349 W Tyler Trail
Peoria, AZ 85383
$925,000
3
Beds
3.5
Baths
3,124
SqFt
Status
Active
MLS #
6703115
Property Type
Single Family Residence
Price Type
--
REDUCED!! BEAUTIFUL 3126 SQ FOOT 3 BED, 3.5 BATHS +DEN/OFFICE, GREAT ROOM WITH FORMAL DINING AREA. CUSTOM FEATURES THROUGHOUT. DAVID WEEKLEY IS THE BUILDER OF THIS 2X6 CONSTRUCTED HOME. SOLAR OF $83.50 A MONTH FOR DESERT HEAT SAVINGS. LARGE TILE IN ALL BUT THE 2 EXTRA BEDROOMS. 3 MASTER SUITES SPLIT FLOOR PLAN. MAIN BEDROOM IS SPACIOUS WITH OPEN VIEWS OF OASIS BACKYARD, BATH HAS LARGE GLASS WALK-IN SHOWER, 2 AND 2 SEPARATE VANITIES WITH LOTS OF STORAGE. HUGE WALK-IN CLOSET IS PROFESSIONALLY DESIGNED BY CA CLOSETS. LAUNDRY IS RIGHT OFF THE MASTER CLOSET FOR CONVENIENCE. KITCHEN BOASTS WHITE SHAKER CABINETS, 15X7 FOOT WOOD TONE ISLAND WITH UNDER LIGHTING, GRANITE, SOARING CABINETS, HIGH END APPLIANCES, SUBZERO COUNTER DEPTH FRIDGE. DEEP SPACIOUS WALK-IN PANTRY. SEPARATE BREAKFAST ROOM WITH BUILT-IN SERVING COUNTER/ CABINETS AND DISPLAY GLASS FRONT RAISED CABINETS. FORMAL DINING ROOM IS CURRENTLY USED AS A SITTING AREA. SO MANY CHOICES IN THIS SPACIOUS HOME. DEN/OFFICE HAS BUILT-IN DESK, STORAGE, TV AND IS ROOMY. WINDOWS HAVE EITHER PLANTATION SHUTTERS ON THE FRONT OF THE HOUSE OR WOVEN BLINDS ON OTHER WINDOWS. MASSIVE SLIDER TO PATIO HAS AUTOMATIC SHADES THAT ARE SELDOM CLOSED DUE TO NO NEIGHBORS BEHIND. 2 COVERED PATIOS WITH RETRACTABLE SHADE ON ONE AND THE OTHER HAS NEW ELECTRONIC SHADES FOR SUMMER USE. OUTDOOR KITCHEN IS OFF THE BREAKFAST KITCHEN AREA. BACKYARD IS SURROUNDED BY BLOCK WALLS. VERY PRIVATE YARD. THERE IS A PUTTING GREEN FOR FUN AND PRACTICE, A FIRE-PIT WITH NATURAL GAS AND A WATER FEATURE IN THE MIDDLE WITH A BUBBLING WATER FALL. DESERT LANDSCAPING FRONT AND BACK IS WATER SMART FOLIAGE AND BRIGHT COLORFUL FLOWERING SHRUBS. 3 CAR TANDUM GARAGE WITH CUSTOM CABINETS INSIDE. GOLF AND SOCIAL MEMBERSHIPS ARE AVAILABLE TO PURCHASE IN THIS AWARD WINNING GATED COMMUNITY. COUNTRY CLUB HAS 3 POOLS, PICKLEBALL & TENNIS COURTS,BOCCI BALL, WONDERFUL WORKOUT FACILITIES, A RESTAURANT AND AN 18 HOLE 72 PAR GOLF COURSE DESIGNED BY JIM ENG.THIS AREA HAS LOTS OF WILDLIFE, AZ BEAUTY AND BREATHTAKING VIEWS AND SCENERY. HOA IS 468.50 QUARTERLY. VISTANCIA HAS BEEN VOTED #1 MASTER PLANNED COMMUNITY IN AZ YEARS IN A ROW. NOT AGE RESTRICTED!! $1500 WORKING CAP FEE WITH PURCHASE. NO POOL TO WORRY ABOUT. WOULD BE A GREAT YEAR ROUND OR WINTER HOME. TVS AND WASHER DRYER SUBZERO ALLL STAY. SOME FURNITURE MAY BE AVAILABLE. SELLER IS LICENSED REALTOR IN AZ. SELLERS PREFER DRIGGS TITLE, KIMBERLY OWEN, WESTGATE OFFICE.
317 E Creosote Drive
Phoenix, AZ 85085
$925,000
4
Beds
2.5
Baths
3,463
SqFt
Status
Active
MLS #
6706729
Property Type
Single Family Residence
Price Type
--
Welcome to your next home in the prestigious Gateway Sonoran Preserve subdivision, built by Taylor Morrison. This stunning single-level residence features 4 spacious bedrooms, 2.5 luxurious baths, and a generous 3,463 square feet of living space. The gourmet kitchen is spacious, beautiful, has tons of cabinet space and an absolutely massive walk in pantry, boasting stainless GE Monogram appliances, double wall ovens and a gas cooktop. Enjoy the expansive open floor plan, perfect for entertaining in the large living room or versatile den/office/bonus room. Situated on a large corner lot, this home includes a 3-car garage and an RV gate. New carpet and move-in ready, located in a gated community for added security and privacy. The SunRun Solar system helps to keep the home efficient to run.
27165 N 71st Lane
Peoria, AZ 85383
$925,000
6
Beds
4.5
Baths
3,889
SqFt
Status
Active
MLS #
6709999
Property Type
Single Family Residence
Price Type
--
OVER THE TOP BUILDER LUXURY UPGRADES! MOUNTAIN VIEWS! 6 BEDROOM, 4.5 BATHROOM HOME WITH Over the top builder upgrades! Home features upgraded cabinetry, granite counter tops, entertainers kitchen, extended dining room and primary bedroom, great room with 25ft glass slider door that opens up to covered patio with fireplace for incredible indoor/outdoor living! Split floor plan-primary bedroom, office, living area, kitchen, and laundry room on main level; 5 bedrooms, 3 full bathrooms, loft/small office space, and large storage closet upstairs. Large 3 car tandem garage, plenty of storage throughout the house. Every room has walk in closets! Beautiful Mountain Views from every room, front and backyard! Private backyard with 200ft+ distance to nearest neighbors to the east!
6529 E Sharon Drive
Scottsdale, AZ 85254
$925,000
3
Beds
2
Baths
1,971
SqFt
Status
Active
MLS #
6759575
Property Type
Single Family Residence
Price Type
--
Beautifully remodeled home in one of the most convenient areas of Scottsdale! This exceptional home features wood look tile in all the living spaces and tile in the bedrooms and bathrooms - NO CARPET! Well laid out home optimizes every square foot of space with an open concept floorplan. The beautiful kitchen features white shaker cabinets, quartz counters, stainless appliances with a wall oven, large island with bar seating and a tiled backsplash. Both bathrooms have been stylishly updated as well with custom tile surrounds, updated vanities, light and plumbing fixtures. Oversized laundry room with built in cabinets provides ample storage space. Built in desk in the hallway is another example of the maximization of space in this well thought out home! The roof was just recoated, new... garage door openers, the main living areas are freshly painted, newer windows+++! The backyard is perfectly balanced with a pebble finish play pool, large covered patio, grassy play area + a large shed! There is also an additional storage room off the back patio. RV gate and no HOA means you can park what you want with ample space to do so on this 10,422sf lot! Stone accents on the front of the home with synthetic grass for easy maintenance and year round curb appeal! All of this in the middle of it all with easy access to all of the fabulous dining, shopping and entertainment options in Kierland, Scottsdale Quarter, Promenade and the redeveloped PV Mall area!
38301 N 15th Avenue
Phoenix, AZ 85086
$925,000
4
Beds
2.5
Baths
2,779
SqFt
Status
Active
MLS #
6721499
Property Type
Single Family Residence
Price Type
--
Enjoy country living in this well-built, beautiful, and well-maintained custom home on 1.29 acres with mountain views. Relax on the covered patio overlooking the vast yard with grass, cacti, lemon, orange, tangelo, and grapefruit trees. Travertine floors, 10' ceilings, newer dual pane low E windows, Plantation Shutters, Soft Water system, & two A/Cs, are just a few of the features that make this home special! The kitchen has granite counters, hickory cabinets, walk-in pantry, breakfast bar, newer refrigerator and RO system. The breakfast room, huge kitchen island, and formal dining room make this the perfect home for entertaining while the Great Room offers cozy charm with a gas fireplace. The split floorplan separates the master bedroom from the other 3 bedrooms. The master has a Garden Tub, huge tiled shower plus large walk-in closet. 2 of the additional 3 bedrooms also have walk-in closets. The sizeable Laundry Room has a newer washer and dryer plus a deep sink. There is an attached 3-car garage with built in cabinets, epoxy floor. There is also a huge (30') detached garage with epoxy floors, 2 mini-split heat/cool units, 2 10' garage doors, and 220V outlet powered by an off-grid solar system. The newer driveway allows access from 15th Ave via a separate solar powered RV gate. Love Horses? They will enjoy the 3-stall Mare Motel, with climate-controlled watering system, automatic solar lights, and misting system. They can roam in the arena or nibble on fresh grass in a separate corral with sprinkler system. Easy access to Carefree Hwy and I-17 for restaurants, and shopping plus state land for riding. Do not miss out on this unique property.