If 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. Â To start your home search, give me a call – J.P. Cook – 602-320-4253.
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27152 N 71st Ave -- Peoria, AZ 85383
Open House
$743,000
3
Beds
2.5
Baths
2,452
SqFt
Status
Active
MLS #
6764570
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the Aloravita community ! This 3 bed, 2.5 bath and office/Den with 3 car garage residence is built on $30k premium lot. offers a specious open layout and split floor plan. all stainless still appliance. Beautiful back yard with artificial golf putting green and no house behind back wall. Perfect home for you and your family. COME TAKE TOUR !!!
29414 N 223rd Drive Wittmann, AZ 85361
$740,000
3
Beds
2.5
Baths
2,526
SqFt
Status
Active
MLS #
6624080
Property Type
Single Family Residence
Price Type
--
FINAL OPPORUNITY! FINANCE INCENTIVES RATE BUYDOWN! JUST UNDER ONE-ACRE! NEW HOME, MOVE IN READY! 2526sqft single level home, 3-bedroom, Flex, 2.5 bath. 3 car tandem plus attached RV garage 15x52 w/ 14FT door at RV garage insulated and air conditioned! All tile no carpet! Open kitchen, beautiful white cabinets to the ceiling at kitchen, black door hardware, extended kitchen island, gourmet stainless steel appliances, impressive walk-In shower all tile and more! Privacy, privacy, privacy! Surprise Estates the ultimate sanctuary. We are located just outside the city of Surprise, with quick access to major freeway. Live better why wait!
18405 W Denton Avenue Litchfield Park, AZ 85340
$740,000
4
Beds
3
Baths
2,927
SqFt
Status
Active
MLS #
6743916
Property Type
Single Family Residence
Price Type
--
Your dream home is waiting for you! Discover this exquisite 4-bedroom, 3-bath residence equipped with a 3-car garage, an RV gate, and a welcoming courtyard., a soothing palette, blinds for privacy, and a blend of plush carpeting and tile flooring. The great room offers a cozy setting for intimate gatherings with loved ones. The delightful kitchen features granite counters, Cherry wood type cabinetry with crown 4'' molding and pull out drawers, recessed lighting, stainless steel appliances, a pantry, and an island with a breakfast bar for casual dining. You'll also find a den, perfect for an office or lounge. The serene main bedroom boasts direct backyard access, an ensuite with dual sinks, and a convenient walk-in closet.Play Pool with Travertine Tile, Synthetic grass, And Gazebo . Venture outside to an enchanting backyard, complete with a covered patio, travertine pavers, a charming gazebo, pristine artificial turf, and a refreshing pool. Make this gem yours now!
10472 W Alex Avenue Peoria, AZ 85382
$740,000
5
Beds
3
Baths
3,074
SqFt
Status
Active
MLS #
6758159
Property Type
Single Family Residence
Price Type
--
This wonderful 5 bed, 3 bath residence now on the market is for you! Great curb appeal, a manicured landscape w/natural turf, a 3 car garage w/built-in cabinets, and an RV gate are just the beginning. Discover a spacious dining & living areas w/elegant wood-look flooring, plantation shutters, and warm palette throughout. The family room showcases a fireplace to keep you warm during the coming winter months! The kitchen is comprised of wood cabinetry w/crown moulding, SS appliances, a pantry, and a peninsula w/a breakfast bar. Upstairs you'll find a cozy loft w/soft carpet, where you can spend a relaxing evening. The primary bedroom boasts a walk-in closet and a full ensuite w/dual sinks for added convenience. Lastly, the expansive backyard includes a covered patio, extended seating area, a built-in BBQ, and a refreshing pool! Don't let this incredible opportunity slip by!
22632 N 73rd Avenue Glendale, AZ 85310
$740,000
4
Beds
2
Baths
2,242
SqFt
Status
Active
MLS #
6772281
Property Type
Single Family Residence
Price Type
--
This gorgeous 4 bed, 2 bath residence in Hillcrest Ranch is looking for its new owners! Great curb appeal, a low-care landscape, 3 car garage, and an RV gate are just the beginning. Discover a sizeable dining & living area w/vaulted ceilings, elegant wood-look flooring, and neutral palette throughout. Right next to the spacious family room is the fabulous kitchen, comprised of white cabinetry w/crown moulding, quartz counters, a pantry, subway tile backsplash, pendant lighting, SS appliances, and a prep island. Relax & unwind in the primary bedroom, showcasing soft carpet, a walk-in closet, and a lavish ensuite w/dual sinks. Also including an expansive backyard w/a covered patio, lush natural turf, and a sparkling blue pool, this home is a dream come true!
17014 S 34th Street Phoenix, AZ 85048
$740,000
4
Beds
2.5
Baths
3,269
SqFt
Status
Active
MLS #
6780679
Property Type
Single Family Residence
Price Type
--
Lovely & large home situation in the exclusive Lakewood area of Ahwatukee. Nestled near the base of the South Mountain close to the 202 South loop and exceptional dining and shopping. This home boasts vaulted Ceilings, open floor plan, and two wood burning fire places. The oversized Primary Suite features a wood burning fireplace, wet bar, large bath, walk-in shower & closet. The owners have updated the bathrooms with neutral tile. Roof was replaced in 2015. Owners do not use the pool and are open to refinishing credit. Stop and see this beauty today!
4053 S Skyline Court Gilbert, AZ 85297
$740,000
5
Beds
3.5
Baths
3,115
SqFt
Status
Active
MLS #
6780871
Property Type
Single Family Residence
Price Type
--
Beautiful home in Power Ranch. 5 Bedrooms with a loft area. Two of the bedroom's /office space downstairs. Perfect for a guest suite. Step into soaring ceilings with a separate dining and living room, followed by a cozy family room that opens up at a large eat in kitchen. The kitchen complete with stainless steel appliance, an island, granite countertops, and a pantry-perfect for any home chef! The master bedroom retreat awaits you with a double-door entry, a bathroom featuring a separate tub and shower, and dual vanities. Outside your very own backyard oasis with a large, covered patio, a sparkling pool, and plenty of space to play. The garage comes equipped with storage cabinets, White plantation shutters and laundry cabinets add the extra touches, of convenience and style.
23392 S 209th Place Queen Creek, AZ 85142
$740,000
5
Beds
3
Baths
3,177
SqFt
Status
Active
MLS #
6728050
Property Type
Single Family Residence
Price Type
--
Assumable loan for lower interest rates! Owned Solar practically no elec bill! Nestled against the serene backdrop of a lush greenbelt, this stunning 5 -6 bedroom 3 full bathroom single level home in Hasting Farms. Energy-efficient solar panels practically eliminating the electric bill with an RV gate. Step inside and discover a beautifully appointed interior featuring archways, a mix of carpet and wood-look tile floors, and neutral palette. The formal dining area could also be an office or study, while the great room, recessed lighting, provides a spacious setting for creating lasting memories. The home's thoughtful design includes windows with special tinting to reduce heat. Another bonus room could be home office or 6th bedroom! Great porches front and back and LUSH green grass! The delightful kitchen is a chef's dream, boasting staggered beautiful upgraded cabinets, stainless steel appliances with double wall ovens, a stylish tile backsplash, granite counters, a walk-in pantry, and a center island with a breakfast bar. A massive walk in pantry! Retreat to the main bedroom, a serene sanctuary featuring an ensuite with dual sinks, a soaking tub, shower and a walk-in closet. The laundry room is equally impressive, complete with ample cabinets and a utility sink. 5 full bedrooms and a den that could be a 6th bedroom and 3 full bathrooms. Outside, the lush backyard features a covered patio and ample space for a pool or various outdoor activities, making it an ideal spot for relaxation or entertainment. Owned Solar offsets upto 95% of your electric bill! This home is a smart home with smart thermostats, a security system, water softener, a doggie door, fresh paint inside and outside, professionally cleaned carpets and entire home cleaned and so much more! You will absolutely love this beautiful home!
6564 W Lone Cactus Drive Glendale, AZ 85308
$740,000
4
Beds
2.5
Baths
3,020
SqFt
Status
Active Under Contract
MLS #
6767671
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the highly sought-after Arrowhead Ranch community. This impeccable four-bedroom, 2.5-bath home offers the perfect blend of elegance, comfort, and modern updates. New Exterior/Interior paint. Situated on a private cul-de-sac, the home features an oversized, sparkling pool in a beautifully landscaped backyard, providing a true oasis for relaxation and entertainment. The spacious interior showcases a recently updated kitchen with granite countertops, stainless steel appliances, perfect for the home chef. The open-concept living area includes a cozy wood-burning fireplace, while the remodeled bathrooms add a touch of modern sophistication. Additional upgrades include a brand-new Trane AC system, a new roof, and an RO filtration system and water softener system for peace of mind. Outdoors, you'll find a built-in barbecue for hosting gatherings, Built-in chimnea, sunshade sails and a three-car garage offers plenty of storage. Citrus and blood orange trees, sprinkler/drip system, Located in the heart of Arrowhead Ranch, with easy access to parks, golf courses, shopping, and dining, this home is a rare gem in a serene and desirable neighborhood. Don't miss the opportunity to make this exceptional property yours!
4698 Eagle Nest Court Pinetop-lakeside, AZ 85929
$740,000
3
Beds
2.5
Baths
2,481
SqFt
Status
Active
MLS #
6713517
Property Type
Single Family Residence
Price Type
--
Luxury Waterfront property with best view in the neighborhood ** Brand New Roof ** Beautiful log sided home surrounded by tall pines ** Oversized picture windows and large deck overlooks the pond & streams flowing directly behind ** 3 bedrms split + DEN **Tongue & groove ceiling in the great room ** Granite counters ** upgraded cabinetry ** Gorgeous stone fireplace ** Split bedrooms with oversized primary suite ** large walk-in closet ** en-suite bathroom ** dual sinks ** jetted soaker tub ** oversized walk-in shower ** 3 private decks - 2 in back plus large front deck off the entry ** private cul-de-sac location. See features in more remarks: Luxury Waterfront property with best view in the neighborhood ** Brand New Roof ** Beautiful log sided home surrounded by tall pines ** Oversized picture windows and large deck overlooks the pond & streams flowing directly behind ** 3 bedrms split + DEN **Tongue & groove ceiling in the great room ** Granite counters ** upgraded cabinetry ** Gorgeous stone fireplace ** Split bedrooms with oversized primary suite ** large walk-in closet ** en-suite bathroom ** dual sinks ** jetted soaker tub ** oversized walk-in shower ** 3 private decks - 2 in back plus large front deck off the entry ** private cul-de-sac location. See features in more remarks: ADDITIONAL FEATURES: COMMUNITY: * Gated Community with streams throughout community, 7 ponds with walking trails HOME FEATURES: 3 bedrooms - split - Plus Den **NEW ROOF 5/2024** Pre-wired for Alarm system Water softener Floor outlets in den and great room for center room lighting needs Recessed lighting throughout Secondary bathroom is a split bathroom with shower and toilet for privacy Rain shower glass shower Recently painted interior walls with Sherwin Williams paint 2 large, covered patio deck with stained floors front & back + master deck Rain Gutters in all the right spots Energy Efficient home Tankless water heater Dual pane windows Bedrooms/Den with ceiling Fans with light Kits most rooms have dimming lights Wood blinds on All windows and French Doors Picture windows KITCHEN: Separate beverage refrigerator in kitchen Upgraded lite kitchen cabinets with lazy susan and roll out shelves Built in wine rack Highly upgraded cabinetry Beautiful granite countertops MASTER/PRIMARY BEDROOM: Walk-in shower Double sink vanity. Medicine Cabinet Private Covered Patio Deck from the Master Bedroom Heated Lamps at the Shower Entry for those cold winter days Enclosed toilet for privacy Jacuzzi Tub with beautiful Raindrop windows. Large Walk-in Master Closet with high/low clothes rods and shoe shelves. GARAGE: Painted/finished garage. LiftMaster Garage Door Opener Garage Service Door LAUNDRY: Laundry Room with Cabinets over Washer/Dryer laundry sink with lower cabinets and upper cabinets and clothes rod Enclosed Supply Closet WHITE MOUNTAIN LIVING: 4 Seasons - cool summers! 40 lakes 600 miles of rivers and streams Extensive hiking, biking trails Horseback riding Quad riding Winter skiing at Sunrise Ski Resort Fishing in lakes and streams throughout 7 Golf courses - 3 public courses Craft Shows Hot air Balloon festivals Music Festivals Car shows Antique stores Coffee shops Home decor stores
8725 W Sequoia Drive Peoria, AZ 85382
$740,000
3
Beds
2.5
Baths
2,451
SqFt
Status
Active Under Contract
MLS #
6775125
Property Type
Single Family Residence
Price Type
--
STYLE AND SOPHISTICATION CAN BE YOURS! Enter the gated community within Westbrook adult community, to an entertainer's dream! Spacious floorplan with tons of light. Roof underlayment 2023- Newer custom glass doors and windows 2023, AC 2016, High quality stone floors, Custom 42''in'' staggered cabs w 2''in'' crown molding in kitchen. Gas 5 burner stove, Profile ovens. Gorgeous granite counters. Wet bar. Interior decoctive brick is STUNNING! Split floorplan, large master has wonderful closet organizer. Unique laundry/craft room has sleek built-ins. Full length backyard patio over looks large pool - new cool decking, & pop-up cleaning system. Fruit trees too! Complete with 3 car garage & low HOA. Golf, pickle ball, gym, activities galore,2 rec centers, both with new heated pools. MUST SEE!
4315 N 16th Avenue Phoenix, AZ 85015
$740,000
3
Beds
3.5
Baths
2,000
SqFt
Status
Active
MLS #
6734515
Property Type
Single Family Residence
Price Type
--
NEW in October: Added a 2 CAR CARPORT!! This 1948 home has been fully reconstructed with an added touch of modern flair. Located in a cul-de-sac in the desirable Bel Air neighborhood, this home was rebuilt from studs including an addition, creating a 3 bedroom / 3.5 bath modern home with a private ensuite in every bedroom. The massive kitchen features custom teak cabinets, a generous pantry, extra large island, stainless steel appliances, and a 36'' gas range. The home features a presidential ceiling in the living room, lvp flooring thoughout, custom pocket doors, an office, laundry room, and a huge back yard ready for you to create your dream oasis. There is no HOA and this home is located mins away from 2 major freeways, downtown, light rail, shopping and hospitals.