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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55 Ranch House Circle
Sedona, AZ 86336
$2,500,000
4
Beds
4
Baths
3,260
SqFt
Status
Active
MLS #
6757347
Property Type
Single Family Residence
Price Type
--
Experience the Magic of this Truly Unique Oasis the moment you step through the decorative gates of ''Casa Arboles.'' With towering Oaks and Sycamores guarding the home, a true Getaway Retreat steeped in SW luxury with charming accents of Old World Mexico and a stone's throw to Oak Creek, No HOA/ Active STR on .35 acre parcel. Main House features 3 BRs/3 BA and 1BR/1BA in the elevated Carriage House. Marvel at the Impressive and Inspiring design elements inside and out. Spectacular Atrium Entry with 20-ft ceiling greets you and immediately pulls your eyes to the magnificent vertical and horizontal wood beams. 16-inch Saltillo Tiles arranged in offset patterns create soften the senses. The L-shaped Great Room is perfect for entertaining with an open floor plan for intimate gatherings. High ceilings with unique angled indentations with an abundance of skylights and high windows capture the natural light. In the chilly winter months play a board game or curl up with a classic in front of the charming arched fireplace. Or gather in the adjacent Media Room with friends and watch a Holiday Classic Chef's kitchen boasts gorgeous tiled counters, stainless steel appliances including 5-burner gas cooktop, prep sink, double stacked ovens w/warming drawer, coffee station, and a massive pantry wall of birch cabinets with custom pullouts for spices and wares. Serve up your culinary creations at the elevated island bar or the nearby nook overlooking the golf course. Or dine on the patio and enjoy a framed view of Elephant Rock. Be delighted by the rows of Talavera bird tiles as you ascend to the grand Primary Suite featuring an office/game room area, Huge bedroom including luxurious textured carpet, canopy bed, 3-sided fireplace and sitting area. Bath has jetted tub, walk in shower with dual heads, separate dual vanities w/night light underneath the cabinets, a large balcony to enjoy morning coffee overlooking golf course, and one of the largest and beautifully appointed walk -in closets you will ever see, including washer and dryer closet! Across the Courtyard is the Magical Carriage House. Open, bright and intimate with many of the same quality design elements of the main house, you won't want to leave this Super Cute space. Great Room living with everything you need to enjoy a private and relaxing weekend getaway. This gem features a spacious ensuite bedroom with dual vanities, walk-in shower and stacked washer and dryer. Enjoy golf course views between the massive trees for inside or from the Adirondack chairs from the curved balcony. The exterior of Casa Arboles is as equally impressive as the interior. Meander around this spacious lush fully enclosed oasis and admire the towering trees, lush flora and stone art pieces and the vertical rain collector cups. Note the craftmanship and detail of the curved stucco walls and stone columns connecting the decorative wrought iron gate and perimeter fencing,. Enjoy outdoor dining fireside underneath the impressive latilla constructed of massive lodge poles connected to the main house. Retreat to the trellis covered hot tub after a long day of hiking. A unique primary residence, weekend getaway or investment opportunity at a rare location that only a few will ever experience. This is a must-see property for the discerning buyer and certainly will not last long. Do not miss this opportunity!
38520 N 103rd Place
Scottsdale, AZ 85262
$2,500,000
4
Beds
4.5
Baths
4,481
SqFt
Status
Active
MLS #
6695745
Property Type
Single Family Residence
Price Type
--
This captivating home, tucked into Desert Mountain's village of Eagle Feather, radiates exterior sophisticated charm and welcomes the impressive soft contemporary open, great room, split floorplan of the interior. Sitting adjacent to vast open space, the site provides stunning views of natural Sonoran Desert, colorful sunsets, mountains and city light sparkles. Exterior allure abounds with its tiled roof sections, graceful angles, and circular dimensions, creating a harmonious fusion of style and function. As you approach, the paver driveway leads you through a gated courtyard, beckoning you to experience the seamless transition between indoor and outdoor living. The charming ambiance is enhanced by a delightful three-tiered water feature, surrounded by a lush garden of exotic cacti, verdant trees, and fragrant shrubs, providing the perfect setting for relaxation and rejuvenation. Step through the grand metal and glass door into a spacious, light-filled interior that exudes luxury and comfort at every turn. The expansive great room serves as the focal point, offering unparalleled views and access to the outdoors, complemented by two striking floor-to-ceiling stacked stone walls adorned with a linear fireplace and mounted TV. For the culinary enthusiast, the kitchen is a true delight, featuring ample granite counter space, a generously sized island with bar seating, and high-end Viking appliances, all seamlessly integrated into the open-concept design that connects effortlessly to the formal dining area and circular casual dining space. Retreat to the sumptuous primary ensuite, situated in the South wing, a retreat unto itself, boasting a palatial layout complete with fireplace, mounted TV, circular sitting area with serene views, and access to a private patio. The spa-like bathroom is equally impressive, offering a lavish soaking tub, dual vanities, and a spacious walk-in shower, along with two designer closets designed to indulge the senses. A versatile office, studio or guest bedroom provides flexibility to accommodate various lifestyle needs. For family and guests two additional ensuites, one with pool access, are thoughtfully positioned in the North side of the home, ensuring peaceful privacy. For the utmost in outdoor enjoyment saunter out to the magnificent outdoor oasis. The stack stone circular spa spilling into the curvilinear lines of the negative edge pool invite the serene yet dazzling views. The covered living and dining spaces, pool side sunning spaces and built-in grill and bar provide hours of pleasure day and night. For cooler nights the stacked stone firepit entices star gazing into the magical skies. Throughout the home, attention to detail is evident, with design features such as geometric cove-lit ceilings, mitered windowpanes framing lush views, and luxurious finishes including stacked stone interior walls, tiled floors, low-pile carpeting in the bedrooms, and granite counters and vanities. Located in the prestigious Desert Mountain community, with a wealth of amenities, including 7 exclusive clubhouses, 7 championship golf courses, 20 miles of hiking trails, and more, promising a lifestyle of unparalleled luxury and recreation. Embrace the epitome of desert living and make this extraordinary residence your own, where every day is an opportunity to savor the beauty and tranquility of Desert Mountain. This property does not have a membership to The Desert Mountain Club available. Waitlists apply for membership.
16414 E Pinnacle Vista Drive
Scottsdale, AZ 85262
$2,500,000
4
Beds
4
Baths
3,070
SqFt
Status
Active
MLS #
6728098
Property Type
Single Family Residence
Price Type
--
Nestled on approximately 9.2 acres, this magnificent 3,070 square-foot, four-bedroom, four-bath home offers a blend of luxury and practicality, all with no HOA restrictions. The open floor plan ensures a seamless flow between the spacious living areas and the large bedrooms, making it perfect for family living and entertaining. features include: - **Three-car garage:** Plenty of space for vehicles and storage. - **Owned solar:** Energy-efficient and environmentally friendly. - **Sparkling saltwater pool:** with outdoor grill is Ideal for relaxation and recreation. - **Equestrian amenities:** - Gorgeous horse setup with a four-stall mare motel - Round pen and tie racks for training and grooming - Automatic waters for convenience - Dedicated feed and tack room Additionally, the property boasts a large metal garage for extra storage and 5,000-gallon holding tanks, ensuring ample water supply. Fully fenced for privacy and security, this property is a true gem for those seeking a blend of comfort, space, and top-notch amenities.
7300 N Snow Bowl Road
Flagstaff, AZ 86001
$2,500,000
3
Beds
2
Baths
2,000
SqFt
Status
Active
MLS #
6734405
Property Type
Single Family Residence
Price Type
--
Discover the beauty of this stunning home, perfectly nestled amidst the majestic San Francisco Peaks. Set on an expansive 11.79-acre lot backing up to the Coconino National Forest, this thoughtfully designed 1,921 sq ft residence features 3 bedrooms and 2 bathrooms. Inside, every window offers breathtaking views, enhanced by newly added remote-controlled Hunter Douglas shades. The kitchen is a chef's dream, equipped with a top-of-the-line Fisher and Paykel double dishwasher, a new stainless steel double oven, and a deep copper sink. Flagstone and hickory floors throughout add a touch of rustic elegance. Beyond the main house, you'll find a 2,814 sq ft heated barn with 6 oversized horse stalls, Nelson waterers, a workbench, and a tack room with water. The property also includes two large turnout areas, one featuring a competition dressage arena, and the other a jumping arena. There is also plenty of room for a pasture. Two wells provide ample water supply for the property. Conveniently located less than a mile from Snowbowl and less than 5 miles from town, this property offers unparalleled accessibility. Enjoy unlimited horseback riding with direct access to the National Forest from your backyard. Bring your horses out of the heat to this cool mountain retreat. With no HOA restrictions, you have the freedom to personalize and utilize the property as you wish. Experience the perfect blend of luxury, privacy, and equestrian paradise when you tour this remarkable property.
11999 N 119th Street
Scottsdale, AZ 85259
$2,500,000
4
Beds
4.5
Baths
5,059
SqFt
Status
Active
MLS #
6733889
Property Type
Single Family Residence
Price Type
--
Welcome to the wonderful lifestyle of Ancala Country Club! This gorgeous property is an entertainer's dream! The inviting front courtyard with stone fireplace welcomes you into the expansive open concept great room with wet bar! A multi-slide door opens to the stunning infinity-edge swimming pool - perfect for indoor-outdoor entertaining. The kitchen is handsomely appointed with knotty alder cabinets, granite counter tops, 6 burner gas cooktop, double ovens, two dishwashers breakfast bar + breakfast nook. The grand formal dining room is where you'll have special celebrations! Private primary suite with tray ceilings, huge custom closet, bath with soaking tub and stone shower. Guests will enjoy the attached casita, or two additional ensuite guest rooms. The office/bonus room has charming front courtyard. The property boasts a total of 3 fireplaces. Step outside to the private low maintenance backyard oasis with pool, spa, expansive covered patios, built-in kitchen and faux grass. All this, and country club amenities, including manned guard gate, golf course, tennis courts, fitness room, kids park, club house and community pool (use of clubhouse, pools, tennis courts, fitness room, and golf course require club membership). WELCOME HOME!
19 Navajo Trail --
Sedona, AZ 86336
$2,500,000
4
Beds
5
Baths
3,810
SqFt
Status
Active Under Contract
MLS #
6750912
Property Type
Single Family Residence
Price Type
--
Welcome to Hacienda de los Sueños, a stunning 3,810 SqFt architectural masterpiece on a wooded acre with breathtaking VIEWS of Cathedral Rock. Highlights include hand-distressed pine floors, arched 1870's India Palace entry gates, and 1880's Kentucky church stained glass windows. The gourmet kitchen features custom cabinetry, granite island, and top-tier appliances. Enjoy a state-of-the-art home THEATER, pottery STUDIO, luxurious GUEST CASITA, and a saltwater POOL/SPA with SOLAR heat. The master suite offers a gas fireplace, whirlpool tub, and scenic woodland views. Improvements: new roof (2020), appliances and HVAC systems (2021), paved driveway (2022), solar panels (2023), and new pool filtration (2024). Nestled in GATED Highland Estates, this home blends elegance with natural beauty!
2017 N 1st Avenue
Phoenix, AZ 85003
$2,500,000
2
Beds
6
Baths
5,224
SqFt
Status
Active
MLS #
6757718
Property Type
Townhouse
Price Type
--
Chateaux on Central, a collection of unique 5 Story brownstones in the heart of the Phoenix Arts district. Residence 18, designed by renowned interior designer Beth McGehee/SB Design Studio, has impeccable flair. 5 Levels of opulence w/ refined features: Stately gated front entry courtyard, commercial grade elevator, wood floors, award winning kitchen w/ Wolf & Sub-Z appliances. 5th Floor for large scale entertainment w/ an end unit terrace, unbeatable city skyline views & kitchen service. Lower level guest suite w/ separate entry & laundry, multiple private terraces throughout & 2 car garage. Walking distance to restaurants, bars, coffee shops, theatre, light rail - minutes from Sky Harbor Airport & all points downtown (sports venues) by rail or by car. Treat yourself to this experience!
3816 N 53rd Way
Phoenix, AZ 85018
$2,500,000
4
Beds
3
Baths
2,752
SqFt
Status
Active
MLS #
6757152
Property Type
Single Family Residence
Price Type
--
This is the quintessential Arcadia proper home. Located just steps to Hopi Elementary. This large lot offers plenty of space to entertain and relax at home. All new windows offer the natural light that we all love. The updated kitchen expands the possibilities of luxury life in Arcadia proper. Come tour this home today!
8742 E Woodley Way
Scottsdale, AZ 85266
$2,500,000
4
Beds
5
Baths
4,613
SqFt
Status
Active
MLS #
6747685
Property Type
Single Family Residence
Price Type
--
In addition to the new custom home design, the owners have invested in additional upgrades. A professionally designed desert landscape featuring rolling terrain with marquee desert plant specimens. Expanded patio spaces created for enhanced outside living. The north facing heated pool is in the sun while the covered patios provide large shaded areas to eat and relax. The large lot provides for even more eastward expansion if desired. Windows and doors with direct sunlight have been tinted to maximize energy efficiency of the three zone heating and cooling system. The pool, HVAC and indoor and outdoor lighting can be controlled remotely as well as the monitored security and camera systems. The home features custom wood cabinetry throughout with dovetail joinery and soft-close hinges and glides. All four large bedrooms feature walk-in closets and ensuite baths and large showers. The attached casita features its own external entrance off the front patio for your guests.
20689 E Pummelos Road
Queen Creek, AZ 85142
$2,500,000
5
Beds
4.5
Baths
4,323
SqFt
Status
Active
MLS #
6763001
Property Type
Single Family Residence
Price Type
--
Make no mistake, this is THE ONE! Check out this 4,323 sq. ft, TRUE 5 bedroom 4.5 bath, 3 Car Garage PLUS a 16x45 RV GARAGE in the heart of Queen Creek on nearly a 1/2 ACRE Lot. Located in the exclusive GATED community of Bridle Ranch, this Single Level home has the PERFECT floor plan, featuring an office, flex space & a NEXT-GEN SUITE! The main living space is on point & is designed for entertaining w/ its GOURMET Kitchen, Upgraded appliance package including 2 DISHWASHERS, a HUGE pantry & over sized island. The Primary Suite has great natural lighting & the bathroom of your dreams, with an over-sized soaking tub, rain shower, great counter space & 2 CLOSETS. Enjoy the indoor/outdoor living w/ the 20ft glass doors that lead out to your dream backyard & enjoy your heated DIVING Pool, SPA & fire pit. This insulated & AIR CONDITIONED RV Garage features pull-thru Roll Up Doors for easy access with all your Toys. Use it as an RV garage or as an extension of entertaining with the 16ft sliding door, extended covered patio, & built in outdoor kitchen, the potential is endless. Located within walking distance to the newest entertainment, restaurants & shopping (Fat Cats, Pecan Lake Entertainment, Horseshoe Park & Botanical Gardens), this place is what you have been looking for!
6101 E Maguay Road
Cave Creek, AZ 85331
$2,500,000
4
Beds
4
Baths
4,934
SqFt
Status
Active
MLS #
6760006
Property Type
Single Family Residence
Price Type
--
Horse lovers, come and get it! This 5-acre Equestrian's dream is only one mile north from downtown Cave Creek. Tucked away on a private dead end street, this property offers the ideal mix of privacy & access w/ gorgeous 360-degree mountain views. Timeless yet modern designer aesthetics throughout the 4900 sqft home. It is constructed w/ 4 bedrooms, 3 of which are full ensuites, 2 full beautiful kitchens each w/ walk-in pantries, a separate office, and full walkout downstairs' with storage or bonus room for your imagination. The triple hinged balcony doors are an entertainer's delight. Imported Italian & Spanish tile, Canadian wood flooring, and craftsman welded railings deliver on the word custom. The main kitchen is equipped w/ Bosch Appliances and a 129 bottle dual zone wine cooler. The horse set up offer a 4 stall barn with attached run outs, and separate tack and supplement rooms. There is a large fenced turn out to the west of the property. There is a level area just east of the house that would be ideal for an arena. Convenient vehicle access to the barn through a separate gate for your hay and shavings deliveries as well as trailer parking. You can ride to the trails right from your property. ***** No Flood Plain on this property ****
27211 N 111 Street
Scottsdale, AZ 85262
$2,500,000
3
Beds
3.5
Baths
3,653
SqFt
Status
Active
MLS #
6762898
Property Type
Single Family Residence
Price Type
--
Nestled in the serene landscape of North Scottsdale, this rustic luxury retreat offers a peaceful escape on 4.76 acres of tranquil desert beauty, complete with unobstructed panoramic views. The residence features a split floor plan with three bedrooms, including a luxurious primary suite with immediate patio access, a spacious walk-in closet, two private bathrooms one of which is spa-like featuring neutral and granite finishes, a separate shower, and a sumptuous soaking tub. Two additional bedrooms and office space are located on the opposite side of the home for added privacy. A private exterior entrance leads to the dedicated office space, ideal for remote work. The property boasts a sparkling pool, relaxing hot tub, an outdoor fireplace, and a rooftop deck—perfect for watching Arizona's breathtaking sunsets. The bonus game room offers direct patio access to the pool and outdoor fireplace, creating the perfect entertainment space for both indoor and outdoor living. The home includes three full bathrooms, a powder room off the kitchen, and an additional powder room connected to the game room with direct access from the pool. Recent updates include a new air conditioning unit in 2021, a new roof in 2022, and a sun screen on the patio near the game room, installed in 2019. With an updated kitchen, private casita, wrap-around driveway, and detached work garage ideal for a mechanic or great storage for your car collection, this property is the perfect blend of rustic charm and luxury, offering a peaceful sanctuary in the heart of the desert.