4 Things You Absolutely Should Not Do After You Apply for a Mortgage

4 Things You Absolutely Should Not Do After You Apply for a MortgageIf you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it’s important to be aware that there are things that can have a negative impact on your application. Whether you’ve just submitted your documents or are getting close to it, here are some things you may want to avoid.

Acquiring New Credit

It may seem silly that something as minor as a new credit card can be a mark against your credit, but applying for new ones can be a bad sign to lenders. The problem is that this can be signal an unmanageable debt load, so you may be considered a high risk for not being able to make your payments.

Forget To Pay Your Bills

It’s easy enough to get lulled into the feeling that your mortgage application will be approved, but this doesn’t mean that you should forget your financial responsibilities. If you’ve had poor credit in the past and neglected paying your bills on time, now is not the time to do this. Instead, ensure that you’re paying all bills and any applicable minimum payments in advance of the due date so your credit score is not impacted.

Close Old Credit Cards

Many people think that closing out old credit cards can be a positive financial step forward and a good way to streamline their finances, but this can cause damage to your credit score. Because closing a credit card will change your available balance and bump up your debt load, it may mean that your debt percentage will increase. Instead of risking this, leave them active until you’ve received approval.

Quit Your Job

Few people will have the ability to quit their job when they’re applying for a mortgage, but doing this or incurring other fluctuations in your monthly income can cause problems with your application. If you are self-employed, there may be peaks and valleys in your finances, but a huge shift in what you bring home can show lenders that you’re not a solid bet.

There can be a lot of stress that comes along with the mortgage application process, but by paying your bills on time and staying on top of your payments, you can avoid negatively impacting your approval.   To start your home search, give me a call – J.P. Cook – 602-320-4253.

Click Here to See What Your Home is Worth

27874 E Mount Ord Drive Fort Mcdowell, AZ 85264

$805,000
3 Beds
2 Baths
2,400 SqFt
Status Active
MLS # 6698023
Property Type Single Family Residence
Price Type --
This 3 bedroom 2 bath, with loft, custom home sits on a large lot, 2.31 acre horse property in the very desirable, gated, Whitney Ranch Estates. The home has unbelievable charm and detail throughout with an open floor plan. The great-room has an amazing 22ft ceiling with a large fireplace that spans floor to ceiling (wood or gas). Large master suite with his and her closets, double sinks and walk in shower. There is a loft upstairs that has the ability to be converted to two additional bedrooms and bathroom. The designer open kitchen features white cabinets, granite countertops and high-end Bosch appliances. Outside, a perfect, covered wrap-around porch (2,120 sq.ft) to take advantage of the beautiful 360-degree mountain views. $50K Solar System installed March2022

2320 E Shangri La Road Phoenix, AZ 85028

$805,000
4 Beds
2 Baths
2,294 SqFt
Status Active
MLS # 6726316
Property Type Single Family Residence
Price Type --
Prized Location! Introducing a fully updated, move-in ready home featuring neutral, modern tones and a spacious layout. This property boasts a brand-new kitchen, updated flooring, and includes a diving pool and heated spa (propane). Contemporary fixtures throughout add to the home's appeal. This residence offers ample square footage, including a living room, dining room, family room, and a generously sized master bedroom. The completely renovated kitchen features new cabinets, quartz countertops, and all-new stainless steel appliances. Quiet Neighborhood, next to Phoenix Mountain Preserve, Trail 100. Close to the 51, Dreamy Draw, Piestewa Peak, and all the good food and entertainment and shopping. Huge Lot with ample parking and NO HOA!

8538 E Rovey Avenue Scottsdale, AZ 85250

$805,000
4 Beds
2 Baths
2,272 SqFt
Status Active
MLS # 6729964
Property Type Single Family Residence
Price Type --
Great price for sought after Scottsdale location where homes are being updated &remodeled, making this neighborhood, close to downtown Scottsdale and NO HOA very desirable w/ Flexibility for vacation rental too. Corner lot w/ covered courtyard entry. Open concept design w/beamed ceilings and French doors from the great room that opens to the backyard and pool. 4 Bdrms PLUS a Large Bonus room! Primary Suite w/ updated bathtroom & another bedroom have access via French doors to the nicely landscaped backyard w/ artificial turf, patio, and a recently resurfaced pool w/ new tile & extended decking. Perfect floorplan for owners working remote. Built in planters and fruit bearing trees! Kitchen w/newer appliances & Brand New gas cooktop. Freshly painted w/ new baseboards. 2 car garage Extra Large laundry room/pantry off of the kitchen. New exterior paint in 2024 and brand new interior paint and baseboards! Wood flooring added to all the bedrooms recently. Enjoy the spacious Primary suite bathroom that was remodeled with a deluxe free standing tub and large spa like shower. Soft water system and drinking filtration system too. Home is near the canal trail system, Scottsdale trail system, and numerous parks. The location is close to downtown Scottsdale where you can enjoy all the shopping, restaurants, entertainment, festivals, and events. Close access to the 101 too!

13819 N 30th Street Phoenix, AZ 85032

$805,000
5 Beds
2.5 Baths
3,050 SqFt
Status Active
MLS # 6741284
Property Type Single Family Residence
Price Type --
Beautiful single-family home featured in Sonoran Hills in Phoenix, AZ. As you enter the double doors of this spacious home, the expansive foyer and elegant curved staircase invite you in for more. Incorporating a subtle balance of sophisticated styling with a modern design, this home features 5 bedrooms and 2.5 baths in a 3,050 sq. ft. open-flow floor plan. The upgraded eat-in kitchen boasts granite countertops, a center island, raised panel cabinetry, desk area, and pantry, all in a layout ideal for large families or for those who like to cook and entertain. Additional features include vaulted ceilings, surround sound, a formal dining room, downstairs formal and informal living areas with fireplaces, upstairs loft area, a balcony offering captivating views of the McDowell Mountains, and a dedicated master retreat featuring spacious sleeping quarters, walk-in closet, and ensuite bathroom with garden tub, large shower, and dual sinks. Lastly, the home features a 3-car garage, low maintenance landscaping, and a private backyard retreat with covered patio space, Pebble Tec style pool, and no neighbors from behind for added privacyperfect for entertaining guests and family. Located within minutes of top-rated schools, hiking, shopping, restaurants, major highways, and the world-renowned Mayo Clinic, this is the house that's waiting for you.

16847 S 13th Way Phoenix, AZ 85048

$805,000 - 4Br/3Ba -  for Sale in Parcel 6a At The Foothills, Phoenix
Open House
New
$805,000
4 Beds
2.5 Baths
3,000 SqFt
Status Active
MLS # 6784704
Property Type Single Family Residence
Price Type --
This charming two-story home features four spacious bedrooms and 2.5 baths, making it perfect for families or those who enjoy having extra space for guests. As you enter, you're greeted by a bright and airy foyer that leads into an open-concept living area, complete with large windows that flood the space with natural light. The main level boasts a modern kitchen equipped with stainless steel appliances, granite countertops, and a large island that doubles as a breakfast bar. The adjacent dining area is perfect for family meals or entertaining friends. The cozy living room features a fireplace, creating a warm ambiance for gatherings. Main level master suite with large walk in closet. Upstairs, you'll find three bedrooms and a spacious loft.

3038 Dawa Ovi -- Flagstaff, AZ 86005

$804,994
3 Beds
2 Baths
1,947 SqFt
Status Active
MLS # 6744901
Property Type Single Family Residence
Price Type --
1+ Acre Beautiful Home in the in the Pines of Flagstaff. Ski Season, Year around AirB&B opportunity! This beautiful 1947 square foot home has 3 bedrooms and 2 bathrooms with a large common area and kitchen. Primary Suite features 3 closests, seperate Shower and Jetted Tub. The unfinished basement is a blank slate. Plenty of room for horses. Plenty of area to ride your horses in the pines, property adjacent to the green belt. The real story is this beautifully wooded lot with a picnic area and plenty of privacy. Add a couple of Horse Stalls and this would make a great AirBnB for Phoenix area horse families. Don't miss this one. Plan your escape today.

1823 Morning Star Court Forest Lakes, AZ 85931

$800,000
2 Beds
2 Baths
2,296 SqFt
Status Active
MLS # 6779235
Property Type Single Family Residence
Price Type --
Nestled in the picturesque Forest Lakes Estates, this charming 2-bedroom, 2-bathroom cabin at 1823 Morning Star Ct offers a tranquil retreat in the heart of Arizona's natural beauty. With 2,296 square feet of living space, this newly listed property combines comfort and functionality in a serene setting. Upon entering, you're greeted by a spacious mudroom featuring a built-in bench and a custom bear mural, setting the tone for the cabin's rustic charm. The interior boasts multiple living areas, perfect for entertaining or relaxing, centered around a two-way propane fireplace ideal for cool evenings year-round. The spacious kitchen is a chef's delight, equipped with hickory cabinets, a lazy-susan, pull-out trash, and a pantry with sliding shelves, a sink with a window view and a breakfast counter complete this inviting culinary space, which opens to a generous dining area. Convenience is key with an interior laundry room, including washer and dryer, and a tankless water heater for efficiency. The primary suite offers comfort and privacy, featuring an ensuite bathroom with a walk-in shower, quartz-top vanity, built-in linen storage, and a walk-in closet. The second bedroom is equally generous, with ample closet space. A guest bathroom with a large vanity and bath/shower combo serves this area well. A standout feature of this property is the expansive bonus living area, which can be transformed into an additional bedroom when needed. This versatile space showcases two queen murphy beds, a built-in window bench with storage, and a custom entertainment center with fireplace, making it an ideal teen room or guest quarters. The exterior of the property is equally impressive, situated on a flat, usable acre lot that offers endless possibilities. A circular driveway provides convenient access, while a horse corral caters to equestrian enthusiasts. A detached garage offers ample space for vehicles, boats, and recreational equipment, complete with a built-in workbench for DIY projects. Outdoor living is a dream on the extended patio, where you can unwind while taking in views of aspen groves and inhaling the sweet aroma of towering pines. The porch swing offers a perfect spot for quiet contemplation, with only the sound of hummingbirds to break the silence. Situated on a quiet cul-de-sac at the neighborhood's edge, this property is a short stroll into the Sitgreaves National Forest, providing unparalleled access to nature. Forest Lakes, at an elevation of over 7,500 feet, offers four distinct seasons and a plethora of outdoor activities, from hiking and biking to fishing in nearby lakes and endless utv trails. This fully furnished, move-in ready cabin presents an exceptional opportunity to own a slice of Arizona's natural paradise. Whether as a permanent residence or a vacation getaway, this property promises a lifestyle of comfort, adventure, and serenity in equal measure.

100 N Pleasant View Cornville, AZ 86325

$800,000
3 Beds
2 Baths
2,759 SqFt
Status Active
MLS # 6637479
Property Type Single Family Residence
Price Type --
Home on the Oak Creek! This home is on a private 1.88 acres of beach front on the Oak Creek! Sprawling ranch home w/ all the space needed. Combined living room & dining Room arrangement or switch it out with the family room that has a brick gas fireplace.Large Chef's kitchen w/ high end appliances including Viking Gas Stove,Bosch DW,Subzero Refrigerator, granite counter tops & a butcher block area by the walk-in pantry butler door. 3 bedroom,2 full baths plus a powder room. Master Bd has private patio, huge walk-in closet, separate jetted tub, walk in shower and sinks. The laundry room is equipped with Maytag washer/dryer water, a water basin and next to the craft room w/ endless storage and an attached 2 car garage. Tile Roof, front/back porch patios, fenced w/ well house and shed

9818 N 17th Street Phoenix, AZ 85020

$800,000
3 Beds
2 Baths
2,834 SqFt
Status Active
MLS # 6704850
Property Type Single Family Residence
Price Type --
BACK FROM TOM Freshly painted exterior paved walking path to your new home; Come discover this hidden GEM!! Artsy District in Ocotillo Hills Nestled in an incredible mountain range community. This stunning property with a beautiful setting! The combination of mountain views, designer walls, and outdoor amenities like a pool and outdoor shower creates a truly captivating atmosphere. The interior features such wood beams, brick walls with a fireplace adds a touch of elegance and charm to the home, making it a cozy and welcoming space.The spacious layout and various splits in the home offer flexibility and room for personalization to suit different lifestyles. Overall, it seems like a unique and artsy home that has a lot to offer to those looking for a special living experience.

17963 E Silver Sage Lane Rio Verde, AZ 85263

$800,000
2 Beds
2 Baths
1,948 SqFt
Status Active
MLS # 6745100
Property Type Single Family Residence
Price Type --
Welcome to Trilogy at Verde River Country Club, a Shea Home Community! Elegant and comfortable open floor plan sold fully furnished...So Convenient! The gourmet kitchen offers massive Granite Island, bar seating, and stainless GE appliances. The sunny dining space easily seats 10. The beautiful backyard is accessed through a large patio with two sets of glass sliding doors and retractable screens, allowing seamless outdoor enjoyment. Featuring two large bedroom suites, the primary suite offers W/I shower and well-organized closet. A flex-room/office offers numerous options and large laundry features extra storage!Come be a part of the VERDE RIVER GOLF & SOCIAL CLUB! Furniture package does not include art, accessories or household goods.

1022 W Las Palmaritas Drive Phoenix, AZ 85021

$800,000
3 Beds
2 Baths
1,783 SqFt
Status Active
MLS # 6751735
Property Type Single Family Residence
Price Type --
Welcome to your North Central Phoenix oasis! Situated on a third of an acre on one of the most desirable streets in the Royal Palm neighborhood, this beautifully maintained home offers the next owner an incredibly livable floor plan or an opportunity to make adjustments to make the home whatever you would like. The large, lush, irrigated corner lot offers north/south orientation and mature foliage. Steps away from Royal Palm Park and nestled in the heart of the neighborhood, this home is close to schools (including Sunnyslope High School), shopping, and dining. Don't miss your chance to make the classic North Central ranch home yours!

13060 N Palomino Road Maricopa, AZ 85139

$800,000
4 Beds
3 Baths
2,001 SqFt
Status Active
MLS # 6761974
Property Type Single Family Residence
Price Type --
Privacy and Tranquility on Palomino!! This Captivating Mountain Side ''Arizona Beach House'' is carved into an elevated 3.366 acre lot creating MILES of spectacular sunrises and awe inspiring unobstructed VIEWS!! Your own Mountain surrounds this Private Oasis perched above the Valley. The Custom Contemporary ''Restoration Hardware Flair'' 2001 Sq. Ft. 4 Bedroom, 3 Bath Home was built in 2021. Massive Gourmet Kitchen Island with butcher block style counters, integrated pop up electrical hub, with commercial style gas stove and hood! Farm Style Sink Perfect for entertaining friends and family! Crisp Blue cabinets galore roll outs and more!! The Kitchen is thoughtfully designed with a disappearing WALL of glass to extend AZ outdoor serene living, whether a dip in the ''One of a Kind'' Uni Pool signed by the Artist or watching the Hummingbirds, wildlife or the captivating views! The entire home has easy care stained concrete floors and soaring beams with industrial designed ceilings. The Primary suite with separate patio has respite Spa inspired retreat, soaking tub, open concept shower with dual rain shower heads, dual sinks and ample floor to ceiling closet with organizers. Split floorplan from secondary bedrooms with 1 En-suite Bath and both secondary baths offer low step upgraded showers, rain glass frameless style enclosures. EVERY bedroom with individual Mini Split HVAC units and private patio exits! Great Room Living has dual Mini Splits allowing for finger tip control cooling or heating. When the owner is ready to retire at the end of the day, ALL the windows and disappearing WALL of glass (with retractable screen) are on remote controlled NEW electronic shades allowing for complete privacy. Additional NEW features include the artificial turf, WALL of rocks for more privacy while sitting by the firepit or just enjoying the peace and quiet and the additional landscaping, and privacy screening. Whether Arizona Beach House is your future Primary residence, a second home to escape the cold winters up North/back East, Investment Airbnb, or subdivide and build- there are numerous opportunities for this special property!.

Leave a Reply

Your email address will not be published.