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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314 W Patrick Street Gilbert, AZ 85233

$739,900 - 5Br/3Ba -  for Sale in Rancho Del Verde Unit 4, Gilbert
Open House
$739,900
5 Beds
3 Baths
2,682 SqFt
Status Active
MLS # 6775616
Property Type Single Family Residence
Price Type --
Walk into a beautiful, freshly painted, well maintained 5-bedroom home with vaulted ceilings and a scrolling staircase to the second floor that overlooks the living space below. Wood-look tile flooring and carpet throughout main. The family room opens into kitchen area that boasts Silestone countertops, kitchen island, painted maple cabinets and slate SS appliances. Enjoy dining in the formal dining area, at the island breakfast bar or kitchenette with bay window view of the backyard oasis. Relax or entertain outside on the travertine tile patio complete with a gas fireplace stone wall or take a dip in the beach front, walk-in saltwater pool with rock feature and travertine tile decking. Grass, fruit trees and new irrigation system 2021 complete the outside landscaping, new pool pump motor 2023 with DE filter. Upstairs master bedroom overlooks the backyard, master bath has been updated with a larger tiled shower, double bowl sinks and a separate oversized bath with large walk-in closet. Three more upstairs bedrooms and second bathroom has double bowl sinks and custom tile shower/bath. Downstairs 5th bedroom and the guest bathroom is complete with a corner shower. Home has new insulation in 2024 for improved energy efficiency. 3-car garage, EV plug-in and RV-hook-ups. Open the door to your new home and endless possibilities in the popular Rancho Del Verde subdivision. Park, walking path & children's playground within walking distance. Chandler Unified School District. Prime location close to everything.

884 W Whitten Street Chandler, AZ 85225

$739,900 - 3Br/3Ba -  for Sale in Campo Verde, Chandler
Open House
$739,900
3 Beds
2.5 Baths
2,600 SqFt
Status Active
MLS # 6774478
Property Type Single Family Residence
Price Type --
Beautiful 3 Bedroom, 2 ½ bath, 2600 SF home in highly desirable Campo Verde. Sits on a large 9800 SF lot and backs up to the community park. Includes a formal living room, dining room, office space, great room and eat in kitchen. Surround sound throughout. The 2nd and 3rd bedrooms share a Jack-and-Jill bathroom. 3 car tandem garage. This one owner home has been proudly maintained with custom draperies, fresh paint throughout, professionally cleaned tile floors and new carpet. Desert landscaping in the front and a large backyard that is a blank slate for whatever the new owner wants to create!

2055 S Marble Street Gilbert, AZ 85295

$739,500
4 Beds
3 Baths
2,493 SqFt
Status Active
MLS # 6713621
Property Type Single Family Residence
Price Type --
Reduced: This amazing Home has tons of Upgrades! Motivated seller. If you have seen this home before, take a look again. All-tile saltwater pool with a custom waterfall and spa. 5 bedrooms (1 room is set up for an office), 3- bathrooms, a cute loft, and a 3-car garage. Separate living and family rooms gives you lots of extra room to spread out and relax. The backyard Paradise has a custom grill island, an automated patio cover, a beautiful grass area, and mature landscaping. The side area has an RV gate, firepit, and room for your trailer or toys. I could go on and on about this home, but the pictures tell it all. Lots of automation also; Pool, AC, garage, and misters are all controlled from your phone. This home is a must-see and your clients will not be disappointed. thank you. This property has everything you desire and more: - Heated saltwater pool and spa with Elevated Stone Edge. - Waterfalls and Cobalt Blue Glass Tile (no need to resurface every 12 years as you would with pebble tech or plaster). - Kitchen Black cabinets and marble countertops - Newer GE Microwave and KitchenAid dishwasher - Recently installed laminate flooring in the master bedroom, upstairs hall, and another bedroom. - Newer carpet on the stairs and an additional bedroom - Equinox louvered roof that can be adjusted - BBQ Travertine stone tile grill island with round table seating - Whole Patio Mist system and outdoor fans - Plantation Shutters throughout the home - Lion BBQ Grill and Lion Fridge. - Additional lighting beneath the barbecue island - Natural gas Travertine fire pit - Outdoor backyard lighting - Water softener and R/O system - Laundry chute, a convenient feature that simplifies the chore of laundry. - Doggie doors - Outdoor Holiday designated lighting outlets. - A garden area with irrigation - Newer drip system - The mature backyard with grassy area, Palm trees and bushes. - Ashland Ranch - Stunning community with parks and more. - Light and bright with a very open floor plan. - Window coverings (shutters) throughout the home. - The kitchen looks out to the pool and backyard paradise. - Amazing grass yard with flowering bushes, palm trees. - Walking distance to Ashland Elementary School - restaurants, shopping, and entertainment districts are just minutes away.

5807 N 18th Street Phoenix, AZ 85016

$739,500
3 Beds
2 Baths
1,509 SqFt
Status Active
MLS # 6764835
Property Type Single Family Residence
Price Type --
Located in the highly sought-after Wrigley Terrace neighborhood, this beautifully remodeled 3 bedroom, 2 bathroom home with a one car garage offers w modern charm and convenience. The kitchen has been thoughtfully updated with stainless steel appliances, sleek cabinetry, and stylish exposed brick accents. Polished concrete floors flow throughout the home, creating a clean and contemporary feel. The open floor plan is perfect for entertaining, while the spacious bedrooms provide plenty of natural light. Outside, you'll find a detached workshop space ideal for hobbies or storage. Nestled on a quiet street, yet just minutes from some of Phoenix's best shopping, dining, and entertainment, this home offers the perfect combination of style and location. Do not miss out on this rare find Appointed with modern finishes. Nestled in a quiet, tree lined street, this home is ideally located near some of the best dining, shopping, and entertainment Phoenix has to offer. Don't' miss your chance to live in this desirable neighborhood!

1775 N 133rd Drive Goodyear, AZ 85395

$739,500
3 Beds
3.5 Baths
3,017 SqFt
Status Active
MLS # 6770750
Property Type Single Family Residence
Price Type --
Welcome to this spacious, elegant, move-in ready home. The inviting great room boasts a fireplace and seamlessly connects to the formal dining room, perfect for entertaining. The kitchen, equipped with an island, a breakfast bar and an adjacent breakfast room which offers an additional option for everyday meals. The primary bedroom is a true retreat, large enough for a cozy seating area and offering beautiful views of the backyard, with its own private exit. One of the additional bedrooms features is ensuite, providing privacy and convenience for guests. The laundry room is generous in size, and the 3-car garage includes extra storage space and an epoxy-finished floor for a polished look. Don't miss the opportunity to own this beautiful, well-maintained property! Recent updates and upgrades within the past two years enhance the home's appeal, including a new hot water heater, dishwasher, microwave built-in oven combo, a refreshed kitchen window, interior paint, and an updated HVAC system. The patio roof has also been recoated for longevity. Outdoors, you'll find a built-in BBQ island, two discretely placed storage buildings, and mature landscaping that creates a serene environment. All appliances convey with the property, making this home truly turnkey.

17864 E Fort Verde Road Rio Verde, AZ 85263

$739,000
3 Beds
2 Baths
1,752 SqFt
Status Active
MLS # 6716782
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of Trilogy at Verde River a premier Luxury Gated Community! This stunning single-level Luxury Home has it all! The spacious split North/South facing Acacia floor plan with 2 upscale bedrooms and a LARGE DEN boasts a gourmet kitchen with GE Monogram SS appliances, and a large island that's perfect for entertaining. You'll appreciate the attention to detail and luxurious touches throughout that make this home truly special. Custom finishes throughout including wood look tile floors, built in custom wood accent wall in the Great room, hand painted accent wall in the dining and kitchen area, stunning lighting fixtures, and custom window treatments. The primary is a true oasis of comfort and sophistication, featuring Wood Accent wall, custom mirrors, dual vanities, and a large walk-in closet. True privacy and convenience abound - this home is fit for comfort and luxury, and includes spectacular spaces, including extended covered patio, beautiful desert landscaping and your private Putting Green. All this and more set in one of the valley's most scenic locations in the world class Trilogy community.

3113 E Boston Street Gilbert, AZ 85295

$739,000
4 Beds
2 Baths
2,524 SqFt
Status Active
MLS # 6779270
Property Type Single Family Residence
Price Type --
Welcome to this inviting 4-bedroom home (plus a flexible bonus room) nestled in one of Gilbert's most sought-after neighborhoods, just minutes from Agritopia, San Tan Village, and popular restaurants and shopping. The gourmet kitchen opens to a bright family room, complete with a gas fireplace. Enjoy cooking with new Bosch stainless steel appliances, including a new microwave (2024) and new double ovens (2021). The primary suite provides a relaxing retreat with a jetted soaking tub, spacious shower, dual sinks, and a generous walk-in closet. Recent updates include: Two new 14 SEER Carrier A/C units (2020), New water heater (2021), New family room carpet (2024), & Universal car charger in the garage. Step outside into the south-facing backyard, where the play pool invites you to unwind and enjoy the Arizona sunshine. With plenty of space for outdoor fun and relaxation including a large covered patio, the backyard offers great potential to make it your own. The home is located in a neighborhood designed for outdoor living, with sidewalks, parks, and a variety of amenities for everyone. Enjoy the basketball court, covered play structure, and ramada with picnic tables, perfect for gatherings with family and friends. Awesome location with easy access to the 202, shopping, restaurants, and golf! A must see!

2430 E Winston Drive Phoenix, AZ 85042

$739,000
-- Bed
1 Bath
378 SqFt
Status Active
MLS # 6734867
Property Type Single Family Residence
Price Type --
Interested in tiny home living? A Great location at the bottom of South Mountain! Wake up to Mountain views every day. the property is just a block away from the Mormon trail head, offering fantastic hiking and mountain biking opportunities. This charming 378-square-foot home might be perfect for you. Nestled on 1.46 acres, it features a spacious patio, a detached garage/workspace. Alternatively, you can build your dream home and use the tiny home as a guest house. The possibilities are endless! The home is on city water. Currently on septic but city sewer is a 100ft away.

851 N Pineview Drive Chandler, AZ 85226

$739,000
4 Beds
2 Baths
2,111 SqFt
Status Active
MLS # 6779932
Property Type Single Family Residence
Price Type --
This renovated 4BR/2Bath/3CG home with custom tile is on a lot just shy of a 1/4 acre (.241 acres) w/ additional 2-car driveway, 12' RV Gate & huge side yard large enough for an RV, boat or trailer. With stone accents outside, you also find stack stone & custom wood touches inside the home. The dining room was expanded and the kitchen (2 pantries) has granite counter tops, stunning backsplash, custom raised panel cabinets & a breakfast area. Expanded laundry area has cabinets matching the kitchen. A new roof (2024), Lennox HVAC system (2022) & built-in air filtration system were installed. The shady, east-facing back yard feels like a Resort with a large, self-cleaning pool & spa & flagstone patio (optional pool/spa gas heater in place). Snail shower, laundry sink, water softener & more.

17571 N Havasupai Drive Surprise, AZ 85374

$739,000
3 Beds
2.5 Baths
2,406 SqFt
Status Active
MLS # 6763091
Property Type Single Family Residence
Price Type --
Well cared for 3 BR / 2.5 BA with many updates situated in the middle of the fairway on #12 Granite Falls South Golf Course. Watch the golfers from the massive picture window in the Master Bedroom. This model is not your typical Jasmine as the interior has been reconstructed. The open concept Great Room w/ Gas Fireplace and Kitchen is such a delight for entertaining as the view of the golf course is so soothing. The Water Feature is comforting as you enjoy your morning coffee or evening beverages on the covered patio. If you are a project person the full 3 car air conditioned garage will be your haven. Look no more...........make this you new home TODAY!

2341 W Shadow Glen Court Anthem, AZ 85086

$739,000
3 Beds
3 Baths
2,454 SqFt
Status Active
MLS # 6765590
Property Type Single Family Residence
Price Type --
Unparalleled privacy on this expansive corner lot in Anthem Country Club! This single-level home has breathtaking sunset/city light views, perfect for luxurious desert living. With 2 bedrooms, an office & a casita featuring a new mini-split system, this home offers flexibility & comfort. The open floor plan is ideal for entertaining with a spacious great room & an updated eat-in kitchen with island seating. Recent upgrades include newer HVAC, roof & hot water heater. The extended 2-car garage provides ample storage & has room for a golf cart. Embrace outdoor living in the resort-style backyard, complete with a 600sf 5-hole putting green & solar lighting for evening enjoyment. This home offers the perfect blend of luxury and practicality in a serene setting. Main house is 2186; casita 268.

1455 E Tuckey Lane Phoenix, AZ 85014

$739,000
3 Beds
2 Baths
1,531 SqFt
Status Active
MLS # 6775976
Property Type Single Family Residence
Price Type --
Central Phoenix living at its best! This charming 1950's ranch home is located in Madison Manor, a quaint community with only 26 homes and no HOA. Nestled on a spacious, irrigated lot, this property offers stunning mountain views of Piestewa Peak, creating a picturesque backdrop. As you step inside you will be greeted by an open and spacious family room that seamlessly flows into the kitchen and dining area creating a great space for both entertaining or casual family living. The home features 3 bedrooms and 2 bathrooms that have been updated and sure to please! You will love the freshly painted interior, the modern updated lighting, and the newly installed luxury vinyl flooring! An interior laundry room with washer and dryer included! You will enjoy spending time in your grassy backyard relaxing under the covered patio. You will feel like you have taken a step back in time in this enchanting community, where leisurely strolls are a cherished daily ritual. Welcome to Madison Manor!

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