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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8333 E Via Paseo Del Norte -- Unit 1036
Scottsdale, AZ 85258
$875,000
3
Beds
3.5
Baths
1,944
SqFt
Status
Active
MLS #
6772139
Property Type
Townhouse
Price Type
--
Talk about Walkable LOCK & LEAVE!!..Walk or bike to Restaurants, Drug store, STARBUCKS, La Fitness, & much more! Stroll Paths to parks & connect to the Scottsdale Greenbelt. 3 bdrm/3.5 bath/2 car garage. European style Villas in the heart of McCormick Ranch at this intimate community/ Veritas. Mountain Views! Move-in ready. 3 bedrooms all ensuite bathrooms & walk-in closets. Office area on third floor. Powder room on 2nd level for friends/guests. Direct entry from your large 2-car garage. No one is above or below you. Enjoy 4 balconies for outdoor living. High-end interior finishes: Birch wood flooring on all levels, hand-painted tiles on stairs, Limestone counters & glass tiled surrounds in all bathrooms. High end appliances including Viking gas range/oven. Refrigerator, WINE REFRIG
14817 N Calle Del Prado --
Fountain Hills, AZ 85268
$875,000
5
Beds
3
Baths
2,849
SqFt
Status
Active
MLS #
6773079
Property Type
Single Family Residence
Price Type
--
This Upgraded, Beautiful residence, PLUS, 1286sqft GUEST HOUSE in Fountain Hills can be yours! Inside the spacious open floor plan is the heart of the home with an upscale kitchen. Shaker cabinets adorned with crown moulding, prep island sink, tile backsplash, quartz counters, high-end stainless steel appliances, double wall oven & Brand NEW cooktop. The primary offers NEW plush carpet, a trending barn door to the walk-in closet, and a pristine en-suite comprised of dual sinks, a garden tub, and an enclosed glass shower to complete the picture. Amazing guest's quarter provides a great room, kitchen, laundry, two bedrooms, and a bathroom. Access the guest house from the main house, or the separate side entrance! Great opportunity for in-laws, or AirBnB with private yard! Don't miss the wide sliding glass doors in the main house, connecting the indoor & outdoor living! Generous-sized backyard offers a covered patio, artificial turf, and a sparkling pool with 2 waterfalls, perfect for year-round entertaining. The 1/2 acre lot boasts RV parking, separate Casita driveway/parking and privacy. Fantastic location, No HOA, walk to parks and schools. What's not to like? This unique haven will sell fast! Upgrades and Features: NEW water heater, NEW carpet throughout, NEW cooktop, A/C in garage, water softner, epoxy floors, RV parking and gate, 6ft pool, over half acre lot, vaulted ceilings, NEW smoke detectors. 2019 A/C units, roof, windows and complete remodel and guest house addition!
18590 W Coolidge Street
Goodyear, AZ 85395
$875,000
4
Beds
3.5
Baths
3,514
SqFt
Status
Active
MLS #
6773711
Property Type
Single Family Residence
Price Type
--
BRING ALL YOUR TOYS! RV Parking, 12ft RV Gate, 40' x 12' RV Concrete Pad, 3-car split garage, ceiling-mounted rack in the single bay with ample storage, two garage door openers and a 10' x 16' Tuff Shed. Coach lights surrounding the home enhance the curb appeal complemented by a full paver driveway. As you enter through the dual wrought iron doors you will be greeted by the bright open floor plan that includes the formal dining perfect for entertaining, the elegant great room with glass slider that opens to the back patio and play pool. The heart of the home is the gourmet kitchen which is a social space that flows directly into the breakfast nook w/builder upgrade of 2-linear feet extension, great room with 12' coffered ceiling and dining room creating a warm and friendly environment. great room with 12' coffered ceiling and dining room creating a warm and friendly environment. The kitchen features a generous island with seating, extended soft-close cabinetry with granite countertops, rollout shelving, under-cabinet lighting, tile backsplash and spacious walk-in pantry. Recently installed 2023 water softener and water heater, along with full perimeter gutters. North/South Exposure. Low-maintenance backyard landscaping with mature plants and decorative rocks. The exquisite SPLIT master suite includes the builders 4-linear feet extension, executive-height vanities, a framed shower enclosure, and an expansive walk-in closet with direct access to the laundry room with 20-amp dedicated circuit for a freezer. Washer and Dryer included. Each of the other 4-spacious bedrooms includes a walk-in closet, plus an office/den, teen room and 3.5 baths, elegant 8-foot raised panel doors and ceiling fans throughout with remote controls, this home caters to family living. This impeccably maintained home is a TOTAL CHARMER!
4450 S Rio Drive
Chandler, AZ 85249
$875,000
4
Beds
3
Baths
3,437
SqFt
Status
Active
MLS #
6773732
Property Type
Single Family Residence
Price Type
--
A Beautiful home in a gated community in South Chandler! Enter the home thru wood double doors into the vaulted ceiling entrance to include a view of the wrought iron & wood floor staircase! The wood flooring extends through the 2nd floor. This home is a true 4 bedroom w/a bonus room, 3 full bathrooms. The bonus room is a bonus-the possibilities are endless. 1 of the bedrooms is downstairs w/direct access to downstairs bath. The kitchen amenities: granite counters, 42 inch cabinets, gas stove top, built-in microwave & oven, & double door pantry. Front Living Room used as game room, formal dining, & a family room w/a fireplace rounds out the downstairs,. Plantation shutters on most windows. Upstairs bedrooms are oversized w/a LARGE Master & bath to include sitting/workout/office room. The Master Bedroom has an exit to the deck that runs the length of the back of the home, overlooking the back yard. The backyard is your oasis for entertainment. The lot is over 10,000 sq ft w/a pool, sunken patio w/outdoor fireplace, covered patio, built-in grill, and a pool with removable pool fencing. This diving pool has a built-in spa, diving rock, and waterfall. Multiple exits to the backyard from the house. There is an oversized height 3 car garage w/built-in cabinets, work bench, and wired for EV charging. A double gate w/extra parking has been added. The home sits across the street from the walkway to the greenbelt area/play area for the small community. Additional upgrades include: luxury tile and tall baseboards.
3445 E Downing Street
Mesa, AZ 85213
$875,000
3
Beds
2.5
Baths
3,081
SqFt
Status
Active
MLS #
6774640
Property Type
Single Family Residence
Price Type
--
You have been waiting patiently and here it is! This stunning 3 bedroom 2.5 bathroom home with a diving pool is located in the highly desirable community of THE GROVES with NO HOA and will surely impress you! Great curb appeal with accent details, sided 2-car garage with built-in storage cabinets, RV gate, extended driveway & a lush landscape that add to the tranquility. From the moment you walk in the front door from the magnificent entryway, you will be in awe! Just off the front entry, you'll find the formal living & dining rooms! Continue onto the large family room, boasting a brick wood burning fireplace, French doors to the backyard, Plantation Shutters, and a dramatic & decorative wood paneling vaulted ceiling with exposed beams. Natural light fills the majestic interior, enhanced by designer paint, archways, stylish light fixtures, and tasteful flooring - tile & wood-look. The impressive gourmet kitchen is a chef's delight! It showcases a coffered ceiling, recessed lighting, granite counters & backsplash, a huge island with additional seating area, built-in appliances with a separate electric cooktop & upgraded hood, brand new Frigidaire dishwasher installed first week of November, 2024, and refrigerator included as well. The dark wood cabinetry & two walk-in pantries ensure ample storage, soft closed hinges with European soft closing drawers. The cozy breakfast nook, breakfast bar with pendant lighting and built-in niche with lighted cabinets, which is perfect for doing computer work at, are just a few added perks to the kitchen area. The spacious owner's bedroom has an ensuite with dual sinks, a sitting vanity, soaking tub & separate shower with sitting area, custom stained glass windows, two separate linen storage areas, cupboards galore, separate French doors with a walk-out to the sparkling diving swimming pool. All bedrooms feature Plantation Shutters, ceiling fans & walk-in closets! Laundry room with a sink, additional cabinets for extra storage, a window that overlooks the backyard & brings in natural light, along with a built-in ironing board. But the true highlight is the backyard oasis! This space is designed for relaxing & entertaining, offering an oversized covered patio with stamped concrete, ceiling fans, multiple Bose built-in speakers, integrated from the indoor sound system and additional sun shades, double-roof Gazebo with ceiling fan, curtains & electricity that runs to the relaxing area, multiple seating areas, and a sparkling diving pool for year-round enjoyment. If that isn't enough for you, there are two separate large grassy areas and plenty of shade trees for your enjoyment. This backyard is very unique and one of a kind! There is also a half bathroom, conveniently located near one of the doors to the backyard, perfect for your guests while entertaining outside. 47 Panasonic 330w solar panels, two Solaredge inverters are owned & paid off. Some additional features include no carpet throughout, surround sound with upgraded & updated Bose Sound Touch with Bose App throughout the home & backyard, updated & upgraded interior & exterior intercom system, upgraded swimming pool multi-color lighting feature, low watt landscaping lights on an auto timer, central vacuum, 2 HVAC systems on dual programmable thermostats, gorgeous upgraded drapes and so much more! Quick access to schools, shopping, dining options, and freeways. See it! Love it! Live it!
3346 E Coconino Drive
Gilbert, AZ 85298
$875,000
4
Beds
3.5
Baths
3,347
SqFt
Status
Active
MLS #
6774976
Property Type
Single Family Residence
Price Type
--
Welcome to this extraordinary home, where luxury meets functionality! Every detail has been thoughtfully crafted in this stunning 4-bedroom, 3.5-bath, plus bonus room and loft space. Built with Shea's renowned ''kitchen-centric'' design, the gourmet kitchen features white cabinetry, an oversized breakfast bar with elegant granite countertops, stainless steel appliances, and a custom backsplash. The spacious open floor plan is enhanced by beautiful wood-plank tile flooring and a custom-built entertainment center with additional storage. A full bedroom and bath are conveniently located downstairs, while the upstairs loft offers versatile living space. The owner's suite is a true retreat, boasting a luxurious en-suite bathroom with a large walk-in shower, dual vanities, and a generously sized walk-in closet. Two additional upstairs bedrooms and a large laundry room add to the home's convenience and style. Step outside to your own private oasis! The resort-style backyard features a sparkling pool and ample space for entertaining, all situated on one of the largest lots in the neighborhood. With no homes behind, you'll enjoy privacy backing up to a serene wash. The extended-length 3-car garage provides additional space for vehicles and storage. Located in the highly sought-after Marbella Vineyards community, you'll have access to a 7-acre park, walking paths, playgrounds, volleyball and basketball courts, picnic areas, and more. Plus, you're just minutes away from shopping, top-rated schools, and entertainment. Don't miss the opportunity to make this impeccable home yours!
6310 E Mallory Street
Mesa, AZ 85215
$875,000
6
Beds
4
Baths
3,839
SqFt
Status
Active
MLS #
6775096
Property Type
Single Family Residence
Price Type
--
This incredible home truly has it all! Situated on nearly 1.25 acres, it offers an expansive layout with distinctive charm. Featuring two master suites and two separate kitchen areas, this residence stands apart from the typical cookie-cutter homes nearby. Inside, you'll appreciate the stunning custom wood accents that enhance the overall ambiance. Outdoors, you'll find ample storage and a dedicated workshop, providing convenience and functionality. With plenty of space, there's room for a casita, mother-in-law suite, or a custom pool—let your creativity flourish! This property is a rare gem, blending comfort and potential in a unique setting. Don't miss out on this amazing opportunity!
4044 W Banff Lane
Phoenix, AZ 85053
$875,000
5
Beds
2
Baths
2,121
SqFt
Status
Active
MLS #
6775182
Property Type
Single Family Residence
Price Type
--
Escape to your own private oasis in the heart of the city! This rare horse property combines country charm with urban convenience. Set on expansive land, it's perfect for a working farm or a haven for horse lovers. Bring your horses or all your horsepower toys - with an RV garage and plenty of space, there's room for everything. Enjoy the luxury of no HOA restrictions, a sparkling pool, and the opportunity to customize your dream lifestyle. Whether you want to create a functioning farm or simply relax, this property offers endless possibilities. Don't miss out on this unique blend of rural serenity and city living!
7052 E Eagle Feather Road
Scottsdale, AZ 85266
$875,000
2
Beds
2
Baths
1,959
SqFt
Status
Active
MLS #
6775202
Property Type
Single Family Residence
Price Type
--
Nestled in the prestigious guard-gated golf community of Terravita in North Scottsdale, this exquisite 2-bedroom plus den residence epitomizes comfort and elegance. As you step inside, you're greeted by a beautifully appointed formal dining room, perfect for hosting dinner parties. The heart of the home is the family room, anchored by a cozy gas fireplace, creating an inviting ambiance for relaxation and entertainment. The well-designed kitchen features a breakfast room and breakfast bar, offering multiple dining options to suit any occasion. Each bedroom is a serene retreat, promising restful nights, while the additional den provides versatile space for an office, hobby room, or additional guest accommodations. Two well-appointed bathrooms cater to both privacy and convenience, ensuring a seamless living experience. Outside, your personal oasis awaits. The backyard, backing onto a natural open space area, ensures utmost privacy and is an entertainer's dream. Enjoy the Arizona sunshine from the comfort of your covered or uncovered patio, take a refreshing dip in the sparkling pool, or showcase your grilling skills at the built-in BBQ. The breathtaking mountain views add a picturesque backdrop to this outdoor haven. Residents of Terravita enjoy access to a plethora of community amenities. Engage in an active lifestyle with facilities including a private golf club (available for an extra fee), a community center complete with fitness amenities, tennis and pickleball courts, and a swimming pool. This home offers not just a living space but a lifestyle, making it a perfect sanctuary for those seeking luxury, comfort, and privacy in a vibrant community. Embrace the opportunity to make this North Scottsdale gem your own. What are you waiting for? Come and take a look for yourself. Golf cart in garage and outdoor furniture are included with the sale of this home
4335 E Montecito Avenue
Phoenix, AZ 85018
$875,000
3
Beds
2
Baths
1,662
SqFt
Status
Active
MLS #
6777306
Property Type
Single Family Residence
Price Type
--
Discover this turnkey gem in the heart of Arcadia Lite! This beautifully upgraded 3-bedroom, 2-bathroom home has it all. Step into a bright and open floor plan that flows seamlessly through a spacious great room. The kitchen, fully remodeled in 2020, features an oversized island with elegant quartz countertops, premium Bosch appliances, a Z-line gas range, & timeless white cabinetry with ample storage. An integrated beverage refrigerator and large island make it perfect for entertaining, while the kitchen opens to a welcoming living space ideal for relaxation. Both bathrooms were remodeled in 2018, and recent updates include a new roof and HVAC system in 2023. Additional upgrades include an upgraded electrical panel and car outlet (2020) and new windows installed in 2019. Each bedroom. offers California Closets, maximizing storage and style. Outside, enjoy a spacious grassy backyard with stunning views of Camelback Mountain. Located near Arcadia Lite's best spotsLGO, Ingo's, Postino's, shopping, and morethis home perfectly balances luxury, convenience, and style.
15035 N 49th Way
Scottsdale, AZ 85254
$875,000
4
Beds
2
Baths
2,216
SqFt
Status
Active
MLS #
6777634
Property Type
Single Family Residence
Price Type
--
Hard to find single-level 4-bedroom home with a 3-car garage in 85254! Great curb appeal with front synthetic lawns & an extended driveway. Discover a formal dining room, separate living room & an open-concept family room! Natural light filled the space, complemented by a neutral palette, carpet & engineered wood floors. The impressive kitchen boasts SS appliances, silestone counters, track lighting, mission-style cabinetry, and a large island. Main bedroom offers two closets & an ensuite w/dual sinks & a tiled shower. PLUS! New roof as of September 2024, A/C unit approx 5 years old, and kitchen & baths updated 2005. Enjoy the entertainer's backyard w/covered patio & Ramada! Its private pool & spa combo has been resurfaced in 2024, perfect for relaxing & entertaining year-round. Just Wow! Three car garage and additional parking in the front next to the garage. No HOA.
4658 S Eastern Run
Mesa, AZ 85212
$875,000
4
Beds
2.5
Baths
2,845
SqFt
Status
Active
MLS #
6777724
Property Type
Single Family Residence
Price Type
--
Experience a vibrant lifestyle at one of the best master-planned communities in Arizona. Home to beautiful neighborhoods, award-winning schools and innovative amenities! 4 bedrooms (split plan), 2-1/2 baths, 2,845 sf. Huge 10,000 sf lot. This home is a stunner with tons of upgrades including wood shutters, huge patio slider, Quartz in primary bath/kitchen, luxury ceramic wood-look tile, fans, gas fireplace and more! Great room concept open to Chef's kitchen boasting gas cooktop, gorgeous cabinets/backsplash, double ovens, Butler's pantry, oversized island/bar and breakfast nook. $90,000 resort backyard offers a heated pool with Baja shelf and swim-up bar, water feature, turf with cooling sprinklers, spa, outdoor kitchen/BBQ, Ramada with TV, gas firepit. Perfect for family gatherings! Luxurious primary bedroom/sitting area and spa bath. 3 car garage, large mud-room and beautiful curb appeal. Convenient to dining, shopping, Phoenix-Mesa Gateway Airport, excellent schools, near the 101, 202, 60 frwys all in the Thriving Gateway Corridor. Eastmark is something special with incredible amenities such as numerous parks and playgrounds, walking trails, tennis courts, community pool, splash pads, skate park, state of the art clubhouse, and ample community events. Welcome home!