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.

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16018 N 17th Way Phoenix, AZ 85022

$745,000 - 4Br/3Ba -  for Sale in Paradise Hills Lot 1-88 Tr A-c, Phoenix
Open House
$745,000
4 Beds
2.5 Baths
3,061 SqFt
Status Active
MLS # 6739357
Property Type Single Family Residence
Price Type --
*NEW* Seller is offering a 2-1 buy down for an accepted contract before 11/15/2024. Situated in a prime location less than one mile from the Lookout Mountain Circumference Trailhead, this expansive home boasts over 3,000 sq ft of living space with no HOA restrictions.The oversized primary suite is a true retreat, featuring plenty of flexible space and the ability to convert into two bedrooms. The home also offers a beautiful formal dining room for hosting family gatherings and entertaining guests. Hardwood floors flow throughout the main living areas, giving the home a warm and inviting feel. The large kitchen is a chef's delight, featuring ample prep and storage space and a central island, while the cozy living room includes a charming wood-burning fireplace. Step outside to your private backyard oasis, complete with a 60' x 11' covered patio, pool and high privacy walls making it the perfect outdoor space to entertain. Energy-efficient and cost-saving solar panels were installed on 11-2-23, reducing utility costs by over $1,200 in the first year.

6132 N 11th Avenue Phoenix, AZ 85013

$745,000 - 4Br/3Ba -  for Sale in Del Monte Estates, Phoenix
Open House
$745,000
4 Beds
3 Baths
2,083 SqFt
Status Active
MLS # 6768974
Property Type Single Family Residence
Price Type --
This stunning 1,801 sf red brick home with a pool and 282 sf casita is nestled in a quiet neighborhood, reflecting the historic charm of the area. In a highly sought after neighborhood tucked up next to the Palo Verde Golf Course, this location lends itself to quiet strolls enjoying it's sheer beauty. Take a step inside and you'll find this home has been updated with today's style in mind. Wood look tile, upgraded bathrooms and quartz countertops accent the space with elegance. You will want to spend most of your time in this amazing outdoor space. An oversized covered patio, large pool and lawn rounds out the experience. The 1 bedroom 1 bath casita with fridge and stove make this home a dream come true!

5738 S Crowley Street Mesa, AZ 85212

$744,900
2 Beds
2.5 Baths
2,686 SqFt
Status Active
MLS # 6771438
Property Type Single Family Residence
Price Type --
Welcome to your new home in the 55+ Encore at Eastmark Community! This stunning 2 Bed +Den, 2.5 Bath, and 3 Car Garage home offers a perfect blend of both comfort and modern living. Featuring an open floor plan, spacious living areas, an updated Kitchen with stainless steel appliances, soft close cabinets with custom lower pullouts, tile backsplash, and a built in fridge. At 2,686 sqft this home is built for both relaxation and entertainment. Highlights: Gourmet Kitchen- Bright and Airy Living Spaces- Living room extended for more interior space- Custom Primary Shower- Custom Storage added in Laundry and Primary Bath/Closet- Beautiful wood-look tile - Massive 12k+ Corner lot- Artificial Turf in Backyard- HOA approved cover over side courtyard Plus many more! Don't miss out!

926 W Grand Caymen Drive Gilbert, AZ 85233

$744,800
5 Beds
3 Baths
2,526 SqFt
Status Active
MLS # 6730489
Property Type Single Family Residence
Price Type --
This beautiful property is located in the popular community of THE ISLANDS. This neighborhood is highly desirable because it is one of the few lake communities in Arizona. We think you will enjoy the spacious, bright and open floor plan. The oversized backyard, patio, pool and spa are perfect for entertaining. The best part is the kitchen and bathrooms are highly upgraded. Our favorite features are all of the natural light, brick fireplace, vaulted ceilings, 3-car garage and cul-de-sac lot. This home is 100% move-in-ready. This property has only had two owners and is very well cared for and loved. The Islands amenities include basketball courts, sand volleyball, bocce ball court, community dock, 30-acres of grass, 74-acres of lakes, facility rental, exercise track, playground, ramadas and special events. The location of this property is EVERYTHING! We think you will LOVE living in the Town of Gilbert right around the corner from DOWNTOWN GILBERT, not far from the new GILBERT REGIONAL PARK and only a short distance away from the SANTAN VILLAGE MALL. You will have endless options for shopping, dining, and entertainment.

6932 E 3rd Street Scottsdale, AZ 85251

$744,700
2 Beds
2 Baths
1,618 SqFt
Status Active
MLS # 6744102
Property Type Apartment
Price Type --
Conveniently located in Old Town Scottsdale and moments away from the best galleries, restaurants and shopping. The attention to detail & implementation of biophilic design elements is certain to exceed expectations. Natural light flows through this open concept while a magnificently exposed concrete ceiling connects the spaces. The primary suite offers 2 custom closets, floor to ceiling windows & a steam shower. The oversized secondary bedroom, doubles as a private office & offers a large custom closet. Full size W/D, quartzite countertops, custom cabinetry, smart light fixtures, natural looking oversized LVP flooring w/ zero transitions, level 5 finished walls, Low-E Milgard windows & more. Available fully furnished, inquire for details. Easy lock and leave lifestyle!

4007 N 86th Street Scottsdale, AZ 85251

$744,500
3 Beds
2 Baths
1,888 SqFt
Status Active
MLS # 6699720
Property Type Single Family Residence
Price Type --
Experience the charm of this beautifully upgraded 3-bedroom, 2-bathroom home with a spacious 2-car garage, all situated in a desirable part of the 85251 area—free from overhead power lines. This home boasts a host of modern upgrades, including a brand new HVAC system (2023), energy-efficient designer interior doors and windows (2024), and newly installed underground sewer and plumbing lines. The thoughtfully reconfigured floor plan features an expansive primary suite complete with a custom closet, an oversized laundry room/pantry, and a convenient dog wash/utility sink. Enjoy the ultimate Scottsdale lifestyle with easy access to the vibrant offerings of Old Town, including shops, dining, and entertainment. The home has been pre-inspected by a certified home inspector.

2716 N 216th Avenue Buckeye, AZ 85396

$744,276
6 Beds
5 Baths
3,232 SqFt
Status Active
MLS # 6748408
Property Type Single Family Residence
Price Type --
This is a to be built home -- 6/7 months build time. Welcome to your 6-bed, 5-bath home with a 3-car tandem garage in Sienna Hills, next to Verrado, nestled on The White Tank Mountains for privacy and views. This energy-efficient home, with North/South orientation, features SPRAY FOAM insulation and an electric car charger outlet. Highlights include granite countertops, a Chef's Executive Kitchen, pot filler, paver driveway, Walk-In Super Shower, 10' tray ceilings, 8' overhead garage door, and a double gate on a 10' side yard for off-road toys. The 12' sliding glass wall connects indoor/outdoor living, and the primary bedroom has a massive balcony with stunning mountain views. HOA includes a pool, jacuzzi, clubhouse, and gym!

6886 W Mazatzal Drive Peoria, AZ 85383

$744,000
4 Beds
2.5 Baths
2,909 SqFt
Status Active
MLS # 6680694
Property Type Single Family Residence
Price Type --
Beautiful Sonoran Mnt Ranch home with mountain views all around with North /South exposure. Home has 4 Bedrooms, 2.5 Bath a large kitchen with granite countertops which opens to family room. Flex room off family room perfect for an office or play room. Gated courtyard for privacy and large front sitting area and fountain. Owners Suite is oversized, large bath room with separate tub and shower and large walk in closet. Garage is a 2-1 split and no step to give them extra depth. The backyard has a play pool with waterfall and a built in BBQ. Home has Solar 2021 installed 17.6 KWp system.

4444 E Sharon Drive Phoenix, AZ 85032

$744,000
4 Beds
3 Baths
1,989 SqFt
Status Active
MLS # 6750516
Property Type Single Family Residence
Price Type --
Home is also For Rent. Check the Private Remarks for more information. Every detail of this 5 Star energy efficient 4 bed 3-bathroom home has been thoughtfully designed to provide an exceptional living experience. Beautifully appointed kitchen with backsplash and a pot filler, great for entertaining. Freshly painted interiors and brand-new carpeting throughout and dimmer switches added to create a modern and inviting atmosphere. The backyard is a private paradise with no rear neighbors. Complete with a sparkling propane heated pool, inviting firepit, and BBQ with convenient propane hookup. The property includes two RV gates accommodating your recreational vehicles and toys. The west side of the house features an RV plug-in and dump station for added convenience.

26860 N 102nd Lane Peoria, AZ 85383

$744,000 - 3Br/3Ba -  for Sale in Northlands, Peoria
Open House
$744,000
3 Beds
2.5 Baths
2,356 SqFt
Status Active
MLS # 6762152
Property Type Single Family Residence
Price Type --
Immaculate, Move-In Ready Home with Stunning Mountain Views. Step into this almost brand-new, meticulously maintained home in the desirable Tierra Del Rio community, where style, comfort, and convenience come together in perfect harmony. The chef-inspired kitchen is a true showstopper, featuring gleaming white cabinetry, sleek quartz countertops, and top-of-the-line stainless steel appliances—all complemented by abundant storage space to keep things organized. With updated bathrooms and gorgeous flooring throughout, this home exudes modern sophistication, making it effortlessly move-in ready. The spacious 3-bedroom, 2.5-bath layout includes a dreamy master suite with a spa-like bath, complete with a large walk-in shower and a soaking tub for ultimate... relaxation. Relax and entertain in the open, flowing floor plan that seamlessly connects the kitchen to the airy great room. Upgraded light fixtures add an extra touch of elegance, while the three-car tandem garage offers ample space for both vehicles and toys. Enjoy the outdoor beauty of your private backyard retreat, featuring an extended pergola, synthetic grass for easy maintenance, a cozy fire pit, and an RV gate for added convenience. Backing to miles of scenic hiking trails, you'll savor breathtaking mountain views from your own backyard. Located just minutes from local amenities, this exceptional home combines luxurious living with a serene, nature-filled lifestyle. Plus, the home is available fully furnishedmaking it an ideal choice for those looking to settle in quickly. Close to ... EVERYTHING: Loop 303 NEW & UPCOMING shopping and dining, AMAZING SCHOOLS, PLUS EASY ACCESS TO TSMC!! RARE opportunity to own a stunning home in Tierra del Rio, backing to miles of hiking trails. Gorgeous white kitchen with beautiful quartz countertops and backsplash. Brand new stainless steel appliances, ready for your culinary adventures. Abundant storage throughout, ensuring a clutter-free environment. Updated bathrooms with modern fixtures and finishes. Elegant tile flooring adds a touch of luxury and ease of maintenance. Spacious open floor plan with no wasted space, perfect for entertaining. Expansive great room that seamlessly connects to the kitchen. Inviting master suite featuring a large tiled walk-in shower and soaking tub. Dual vanities and generous walk-in closets in the master bath. Private backyard oasis with an extended pergola for outdoor enjoyment. Lush synthetic grass and rock landscaping, low maintenance and beautiful. Fire pit area, perfect for cozy evenings with family and friends. 3-car tandem garage providing ample parking and storage options. Minutes away from Loop 303 for easy access to shopping and dining - PLUS EASY ACCESS TO TSMC!!

370 E Ranch Road San Tan Valley, AZ 85140

$744,000 - 3Br/2Ba -  for Sale in S8 T2s R8e, San Tan Valley
Open House
$744,000
3 Beds
2 Baths
1,645 SqFt
Status Active
MLS # 6757192
Property Type Single Family Residence
Price Type --
Dreaming of wide-open spaces and country living? Just over 2 ACRES This exceptional horse property in the heart of San Tan Valley, offers everything you need for your equestrian lifestyle! Plenty of room for your horses and all the toys! The property is fully fenced and includes multiple stalls, horse washing station. and tack room. Great room with open kitchen Vaulted ceilings, Newer roof all located minutes from freeways and shopping

550 S Emerson Street Chandler, AZ 85225

$743,000
3 Beds
2.5 Baths
2,561 SqFt
Status Active
MLS # 6743033
Property Type Single Family Residence
Price Type --
Beautiful upgraded home in highly sought neighborhood of Campo Verde. Open Concept with new large 4 panel slider that slides both ways open to yard. Large flat screen tv in living room. Gourmet kitchen with granite counters, island, stainless appliances, new pendants, backsplash and led lighting. Master bath has dual vanities, new led mirrors, upgraded tile walk-in shower, large garden tub with new tile surround. Large master closet is upgraded. Secondary bedrooms with jack and Jill bath. Upgraded bath with walk-in shower. Large den. New flooring and recessed lighting. Large yard with heated pool and spa. 3 car tandem garage with epoxy floors. Great Chandler location close to the 202 freeway, downtown Chandler, many shops and restaurants

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