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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9327 W Vereda Solana Drive
Peoria, AZ 85383
$2,250,000
7
Beds
6
Baths
7,091
SqFt
Status
Active
MLS #
6724854
Property Type
Single Family Residence
Price Type
--
This stunning Santa Fe-style north Peoria property, nestled on a serene 1.1-acre lot on a private cul-de-sac, boasts breathtaking mountain views & a host of premium features! The large main house features Energy-efficient solar panels, large 3-car garage & RV gate. Discover the large great room & gourmet kitchen, with plantation shutters & pre-wired surround sound throughout the home. The generous owner's suite offers direct access to the backyard & a luxurious bathroom. A den, teen/Bonus room and 3 large bedrooms make this the perfect family retreat. Outside you will find a sparking pool, putting green, batting cage, grill/outdoor kitchen and sprawling yard perfect for hosting and gathering. The large 3bed/2ba casita with separate entrance and private garage is perfect for extended famil The oversized backyard is an entertainer's dream, featuring a refreshing pool, a covered patio, & putting green for golf enthusiasts. A detached guest house provides additional living space, ample bedrooms, & a fully equipped kitchen, making it perfect for visitors or extended family. This residence is more than a home; it's a lifestyle!
23807 N 64th Avenue
Glendale, AZ 85310
$2,250,000
4
Beds
4.5
Baths
4,414
SqFt
Status
Active
MLS #
6747197
Property Type
Single Family Residence
Price Type
--
Welcome to your dream custom home on an acre-plus lot in the prestigious Softwind Estates. Beautifully remodeled, designed w/tasteful neutral décor and an open floor plan that brings in natural light. All bedrooms have luxurious en-suite baths. Spacious kitchen w/ large island and high-end appliances, seamlessly overlooks the great room - perfect for entertaining. Separate guest suite, w/ its own private entrance. Custom metal entry doors, marble flooring & solar. Outdoor oasis, complete w/ fruit trees, pool, hot tub, pickleball/BB court, sails, & misting system. Separate ''portable tiny home'' in side yard offers flexible space for guests or other uses. At the end of a cul-de-sac, w/private entrance gate. More than a home; it's a retreat. Make it yours today (see attached upgrade list)
7056 E Mighty Saguaro Way
Scottsdale, AZ 85266
$2,250,000
3
Beds
2.5
Baths
2,600
SqFt
Status
Active
MLS #
6760321
Property Type
Single Family Residence
Price Type
--
Prepare to be amazed by this one-of-a-kind, custom-rebuilt masterpiece! Completely reimagined with the finest luxurious materials and designer finishes, this home is a true gem unlike anything else Terravita has ever seen! From the moment you step onto the meticulously landscaped entry and pass through the stunning iron front door, you'll know you've found something special. This property feels like a brand-new home thanks to an extensive transformative rebuild, which included expanding rooms, removing walls, and adding entirely new spaces. The gourmet kitchen is a chef's dream, boasting a 6-burner Wolf stove, Wolf microwave, Sub-Zero column refrigerator/freezer, dual-zone wine chiller, Cove dishwasher, stunning quartzite island/dining table that comfortably seats up to 10. Custom cabinetry of the highest quality and a chic wet bar add convenience and elegance. The gorgeous primary suite boasts a rockstar worthy custom closet by Elevation Closets, easily convertible back to a bedroom if needed. Guests will be pampered in their own private two-room suite with a separate entrance. The north facing backyard provides ultimate privacy, where you can relax in your Pebble Tec pool. Please see the document section to view the extent of the rebuild and the specific top-tier finishes and features. This is an unparalleled opportunity for discerning buyers who value quality and desire the ease of moving into a show-stopping, like-new home in a world-class resort community with readily available memberships. Live the luxury lifestyle you've been waiting for without the wait!
3510 E Claremont Avenue
Paradise Valley, AZ 85253
$2,250,000
6
Beds
4
Baths
3,718
SqFt
Status
Active Under Contract
MLS #
6707201
Property Type
Single Family Residence
Price Type
--
Nestled in the tranquil back of a cul-de-sac within the prestigious Mirada Los Arcos subdivision of Paradise Valley, this extraordinary property offers breathtaking mountain views in multiple directions. Its prime location places you close to the finest amenities that Paradise Valley, Scottsdale, and Phoenix have to offer, including the scenic Phoenix Mountain Preserve trails, an array of popular restaurants, boutique shops, and top-rated public and private schools. The expansive lot tucked into the back of a gorgeous cul-de-sac provides the perfect opportunity to build your dream home, creating a custom living space that takes full advantage of the stunning natural surroundings. This one-of-a-kind property combines a prime location, stunning views, and exceptional potential. This is an unparalleled opportunity to create a luxurious and personalized living environment in one of the most desirable areas of Paradise Valley.
8325 W Cantera Avenue
Peoria, AZ 85383
$2,250,000
6
Beds
4
Baths
7,272
SqFt
Status
Active
MLS #
6745117
Property Type
Single Family Residence
Price Type
--
Welcome home to this absolutely stunning North Peoria estate! Nestled in the private Cantera Gates community, sitting on an almost 22,000 SF cul-de-sac lot, with a 7000+ SF block home plus additional office/casita, double RV garage, pool and spa. This home is the picture of luxury with a huge chefe's kitchen featuring a wrap around breakfast bar, and large island giving you ample cooking space, professional Wolf gas stove and double ovens, two dish washers, a full size Sub Zero refrigerator, walk-in pantry, beverage cooler, and tons of storage. Enter the primary suite through double doors, to an oversized bedroom, and bathroom offering a huge walk-in shower, soaking tub, double sinks with, dream walk-in closet, and full size stackable washer/dryer. The primary and one other guest room are located on the main floor with three additional bedrooms in the basement. All guest rooms offer walk-in closets and on-suite bathrooms. Basement also includes a large movie/game room with professional home theater system, and full size bar, a golf simulator room, large laundry room, and an extra room that would make a perfect home gym. Smart Home Control 4 system runs throughout, controlling TVs, music, cameras, and much more. RV garage is temperature controlled and includes an office/workshop that could easily be converted to a guest house. Home offers 2 EV charges. Also, two good size storage rooms. Just a few upgrades include new LVT flooring throughout the main level in 2023, permanent Christmas and accent lighting on both the house and RV garage 2021, new roof 2021, new ACs between 2019-2023, two tankless water heaters installed in 2019, remote control window treatments 2020, and so much more.
2130 Kinsey Court
Sedona, AZ 86336
$2,249,000
5
Beds
4
Baths
3,000
SqFt
Status
Active Under Contract
MLS #
6703266
Property Type
Single Family Residence
Price Type
--
Welcome to your luxurious retreat in West Sedona with Rental Projection 6.5% CAP Rate. BRAND NEW Construction w/ panoramic views of Thunder Mountain, Coffee Pot, and Sugarloaf. This brand new construction, ideal for short-term rentals, promises both indulgence and investment potential. Step into unparalleled single-level living across 5 bedrooms and 4 baths, centered around an open-concept great room seamlessly blending indoor-outdoor living. A grand 3-car garage with 8 ft doors and a gas fireplace sets a tone of convenience and sophistication. Upon entry, soaring 14 ft ceilings and a window wall frame the majestic Red Rock vistas, casting a serene ambiance throughout. The heart of the home is a chef's dream kitchen featuring a Forno gas range, stainless farm sink, Bosch dishwasher, & sprawling black leathered granite island amidst white and gray Cambria quartz counters. Soft-closing white cabinetry with black accents enhances the modern palette. Entertaining is effortless with a dining area in the great room, complemented by a generous quartz-topped buffet and additional cabinetry. The primary suite offers a private retreat with more breathtaking views, complemented by a spa-like bath featuring a curbless shower, separate soaking tub, dual sinks, and a substantial walk-in closet. Guests enjoy suite-like comfort with walk-in closets and en-suite baths, while bedrooms 4 and 5 share a jack-and-jill 3/4 bath with a curbless shower. A fourth 3/4 bath echoes soothing greige tones and features its own curbless shower. Notable features include iron and glass front doors, interior 8 ft modern doors, 3-inch baseboards, ceiling fans, and refined black/brushed gold hardware throughout. The decor theme of black, white, and greige includes open shelving in the dining room and kitchen, with ample wall space for art.
19702 E Melissa Place
Queen Creek, AZ 85142
$2,239,000
4
Beds
4.5
Baths
4,489
SqFt
Status
Active
MLS #
6659118
Property Type
Single Family Residence
Price Type
--
Seller is offering a $20,000 closing cost concession to the buyer who presents an acceptable offer. The concession may be used towards an Interest Rate buy down or any closing cost allowed by their lender. This stunning residence offers the epitome of luxury living with its expansive open floor plan, boasting 4 bedrooms and 4.5 bathrooms. Step inside to discover the pinnacle of elegance, where every detail has been meticulously crafted to perfection with over $500,000 in upgrades.The heart of the home is the gourmet kitchen, outfitted with top-of-the-line Wolf Subzero appliances that are sure to delight the most discerning chef. The extended 4-car garage provides ample space for your vehicles and storage needs, while the oversized builder options on the den, laundry, and 4th bedroom offer versatility and comfort. Currently there are pavers behind the RV gate, with plenty of space to add an RV garage or even a casita. Indulge in the ultimate relaxation in the primary suite, where luxury meets functionality. Here, you'll find a stunning soaker tub and upgraded shower, ensuring a spa-like experience right at home. Custom California Closets grace the expansive walk-in closet, offering ample storage solutions for your wardrobe and accessories. With every detail meticulously designed, the primary suite becomes a serene sanctuary where comfort and sophistication converge seamlessly. Custom shutters, blinds, and shades adorn every window, while additional custom cabinetry in the office, laundry, and pantry provide ample storage solutions. A water softener and RO system ensure pure water throughout the home, while custom iron doors and lighting fixtures add an extra touch of sophistication. The extensive tech makes living effortless with controls through touchpads and phone apps whether you're home or away! Entertain in style with the whole-house sound effects system( inside and outside!)- enjoy movies at home with the surround sound systems, expansive 20 ft sliding doors, and outdoor oasis complete with a sparkling pool, spa, outdoor fireplace, firepit, and abundant travertine pavers. Set on over half an acre of meticulously landscaped grounds, this home offers the perfect blend of indoor-outdoor living, where every day feels like a luxurious retreat. Don't miss the opportunity to make this exquisite residence your own -come see and experience the unparalleled elegance and comfort of this magnificent home!
21413 W Glen Street
Buckeye, AZ 85396
$2,227,300
4
Beds
3
Baths
4,204
SqFt
Status
Active
MLS #
6641942
Property Type
Single Family Residence
Price Type
--
Designed, approved and ready to be built New VIP Custom Home! VIP has built thousands of quality energy efficient custom homes across the valley and several in Verrado. Click on the documents tab to see this beautiful layout. Selections have been made but buyer able to make some changes. Buyer can visit design center to see all selections.
4122 E Mclellan Road Unit 13
Mesa, AZ 85205
$2,224,000
4
Beds
5
Baths
4,950
SqFt
Status
Active Under Contract
MLS #
6691311
Property Type
Single Family Residence
Price Type
--
Beautiful extensive remodeled gem nestled within a picturesque highly sought after North Mesa neighborhood. This home has over 1 million dollars in the remodel. From the moment you step inside, you're drawn to its contemporary open floor plan, characterized by an inviting spaciousness and soaring ceilings from 10-12 feet. This dream kitchen is adorned with top-of-the- line Wolf/Subzero appliances, elegant designer cabinets. New wood floors (this week) throughout main living area where ever corner has been thoughtfully designed, from the meticulously detailed bedrooms and bathrooms to the primary bedroom suite. The closet designed to accommodate every wardrobe need with ease. Outdoors, a lavish ramada oversees a chef-grade kitchen. Landscaping and a gorgeous new pool/spa make a statement, Features include new pavers, decking, a gorgeous inviting pool with slide, a hot tub, and artificial turf. Valuing greenery, flood irrigation supports most trees. Entertainment is paramount with an outdoor surround sound system, dual movie screens, and a cozy fireplace. A perfect blend of luxury and technology. All the work has been completed, come and enjoy!
4131 E Roma Avenue
Phoenix, AZ 85018
$2,219,000
5
Beds
4.5
Baths
3,727
SqFt
Status
Active
MLS #
6744606
Property Type
Single Family Residence
Price Type
--
An address that gets you into Hopi Elementary, plus timeless, contemporary design that features generous-sized bedrooms, high ceilings and large windows that let in gorgeous natural light. This property features a great floor plan: on the main floor you'll find the owner's suite (complete with stackable W/D in the closet), an open concept living area, beautiful kitchen, plus another en-suite bedroom and powder bath. Upstairs, you'll love the vaulted ceiling and breathtaking views of Camelback and the Phoenix Mtn Preserve. The second level features a large bonus room, three bedrooms, a powder bath, laundry room and generous patio - perfect to sit outside and savor the scenery. A heated pool and low-maintenance yard means more time to enjoy nearby Kachina Park and popular Arcadia hot spots.
715 S Cactus Wren Street
Gilbert, AZ 85296
$2,200,000
4
Beds
4.5
Baths
4,557
SqFt
Status
Active
MLS #
6694805
Property Type
Single Family Residence
Price Type
--
Situated in a highly coveted neighborhood, this beautiful residence offers the perfect fusion of contemporary luxury interior and tranquil country environment. Just a half mile from a major commercial intersection (Warner and Val Vista) in Gilbert and 10 minutes from the San Tan mall area with sprawling options for shopping and restaurants, this 1.3 acre property is nestled with other 1+ acre properties to create serene and green surroundings. This home was completely remodeled in 2022 with a modern design and meticulous attention to every design detail. Raised contemporary ceilings, new sleek flooring throughout and new plantation shutters all added for a clean and stylist presentation. Lush landscaping, plentiful grass, and an 8 foot perimeter wall provides privacy and an atmosphere of relaxation. A new pool with waterfall features and diving area is under construction and scheduled for completion by November. Please excuse any noise or outside dirt you may encounter. In addition, the 2022 remodel included a new HVAC, hot water heater, water softener, RO system, appliances and high grade insulation accompanied the interior and exterior emodel. The heart of the home lies in the gourmet kitchen and family room with a high vaulted shiplap ceiling, a sprawling island countertop (seats 10) and an array of high-end appliances for indulgence in culinary delights or just gathering together. Entertainment abounds with a renovated movie room with 8 recliner chairs blue toothed for sound to provide an optimal cinematic experience. All of this combined with a new state-of-the-art Sony projector and sound system. There are 2 primary bedrooms with large en-suite bathrooms including separate showers and soaking tubs. Two additional large bedrooms, one with an en-suite bathroom, supports many family and living combinations. All bedrooms and bathrooms were gutted and redone to create a sense of spa-like tranquility. This and more protected by a comprehensive security system. Come see it and feel it for yourself.
25313 N 114th Street
Scottsdale, AZ 85255
$2,200,000
4
Beds
4.5
Baths
4,271
SqFt
Status
Active
MLS #
6733090
Property Type
Single Family Residence
Price Type
--
Sweeping and forever Epic Arizona Landscape Views, Quality Construction plus the entire walkout can be used as Guest Quarters and opportunity to extend the kitchenette to a full kitchen. At the base of Troon Mountain, aka TROON VILLAGE at WINDYWALK featuring breathtaking views of Troon Mountain, Four Peaks, and McDowell Mountain. This exquisite home offers single level living with no steps from the main entrance or the garage, into an open kitchen layout, formal living, family room, breakfast nook, primary bedroom and 2nd bedroom, full Laundry and powder room. The Guests Quarters: Down below: * Guest Quarters: Entire floor perfect for visitors or extended family. * Outdoor BBQ: Enjoy al fresco dining with a stunning '40-mile view.' * Old World Charm: Beveled travertine stone adds a touch of elegance. * Spacious Living: Two family rooms provide ample space for relaxation and entertainment. * Three Fireplaces: Cozy up in style with three fireplaces throughout the home. * Three-Car Garage: Plenty of space for vehicles and storage. Experience luxury living with epic views and exceptional construction quality. See motion Video; YOU MAKE THE CALLL