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

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.   To start your home search, give me a call – J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

2515 N 10th Street Phoenix, AZ 85006

$707,000

3 Beds

3 Baths

1,900 SqFt

Status Active

MLS # 6755891

Property Type Single Family Residence

Price Type --

Welcome to one of the most desired neighborhoods in phx. Two houses: One historic Spanish style home with Carriage Casita in back. Walking distance to restaurants, parks, and quick access to highways, Phoenix International Airport and all downtown has to offer (chase field, Footprint Center, bars, etc.), yet nestled in a quiet historic neighborhood with tons of character. Thoughfully remodeled to maintain the historic charm. Main house is 2bdrm 1 bath w/ 2 great patios and separate yard. Carriage house is a one bedroom, 1.5 baths with additional office space and private yard. Rent carriage house, air bnb or keep as additional guest house. $1900 of proven additional long term rental income for back carriage house. Potentially $2,500-$2700 mo. If you chose to

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21777 S 197th Street Queen Creek, AZ 85142

$706,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6693019

Property Type Single Family Residence

Price Type --

Welcome to West Park Estates! This open Cassandra home features 3 bedrooms, 2 and a half bathrooms as well as an oversized study. The kitchen has been fully upgraded and allows a luxurious view from the multi slide door to the rear covered patio. You will find upgraded interior selections throughout- Outside, you will discover a 3 car garage with an RV gate. All homes located within this community are single story. Home is currently under construction.

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22657 E Happy Road Queen Creek, AZ 85142

$706,889

4 Beds

3.5 Baths

3,077 SqFt

Status Active

MLS # 6733054

Property Type Single Family Residence

Price Type --

This is a brand new Quick Start Home under construction in Queen Creek, with a Desert Modern Elevation. The Mint plan includes 4 bedrooms, 3.5 baths, 4 car garage. Gourmet Kitchen appliances that include a gas cooktop with a built-in oven/microwave and dishwasher. Move-in anticipated for October/November. Included in the Emerald Collection are 10 foot ceilings, 8 foot interior doors and paver driveway and paver courtyard. Please ask about our special financing incentives with Mattamy Home Funding.

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573 E Citrus Hollow Way Queen Creek, AZ 85140

$706,228

2 Beds

2 Baths

1,928 SqFt

Status Active

MLS # 6567505

Property Type Single Family Residence

Price Type --

Indulge in the epitome of refined living with this exquisite 2 bed, den, 2 bath home, boasting over 1,900 sq. ft. of luxury and elegance. From the moment you step inside you'll notice this Nice plan has detail found throughout. The heart of the home is a culinary enthusiast's dream - a gourmet kitchen that exudes sophistication with its pristine white cabinets and an impressive array of high-end stainless steel appliances. Whether you're whipping up a quick breakfast or preparing a lavish feast, this kitchen is sure to inspire your inner chef. The thoughtfully upgraded baths elevate your daily routine to a spa-like experience, featuring tasteful finishes and modern fixtures. Imagine unwinding in the serene ambiance of your master bath after a long day. This home is ready for you!

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44533 N 44th Drive Phoenix, AZ 85087

Open House

$706,122

4 Beds

2.5 Baths

2,745 SqFt

Status Active

MLS # 6723527

Property Type Single Family Residence

Price Type --

This gorgeous split foor plan with entry courtyard boasts 4 bedrooms/2.5 baths. Gorgeous grey plank flooring with white cabinets, modern backsplash and quartz countertops. Open floor plan with retreat and flex room. Ready for move in. Must see!!

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2967 E Cherry Hill Drive Gilbert, AZ 85298

$705,990

5 Beds

3.5 Baths

2,938 SqFt

Status Active

MLS # 6746041

Property Type Single Family Residence

Price Type --

This two-story home features an open floor plan with an 8-ft. entry door and 9-ft. first floor ceilings. The spacious great room opens to a charming covered back patio, perfect for entertaining. The kitchen boasts a large center island, quartz countertops, a gorgeous tile backslash, and sleek KitchenAid® appliances. The first level includes an open den, powder room and bedroom with full bath. Moving upstairs, the spacious loft is the perfect spot for family movie nights. The primary suite boasts an expansive closet, and the primary bath features a walk-in shower, extended dual-sink vanity, and two linen closets. Please note: The photos displayed are of a model home and may not represent the actual property. Please verify specific features and details.

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13567 W Steed Ridge Road Peoria, AZ 85383

Open House

$705,982

4 Beds

3.5 Baths

2,952 SqFt

Status Active

MLS # 6738906

Property Type Single Family Residence

Price Type --

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3131 N Central Avenue Unit 5018 Phoenix, AZ 85012

Open House

$705,917

2 Beds

2 Baths

1,419 SqFt

Status Active

MLS # 6568565

Property Type Apartment

Price Type --

*Construction completed* 5% buyer incentive! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom+ den condo is one of the larger two bedroom floor plans and offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Spacious balcony to capture the amazing views while outside as well. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

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23148 E Carriage Way Queen Creek, AZ 85142

$705,615

5 Beds

4 Baths

2,767 SqFt

Status Active

MLS # 6701318

Property Type Single Family Residence

Price Type --

BRIGHT GREAT ROOM, LOFT PLAN WITH MASTER DOWN, 5-BEDROOM, BEAUTIFUL FINISHES! SPA SHOWER IN MASTER, UPGRADED CABINETS, GRANITE KITCHEN TOPS W/ TILE BACKSPLASH, GOURMET KITCHEN LAYOUT, UPGRADED VANITIES IN BATHS, PLANK TILE FLOORING EVERYWHERE, EXCEPT BEDROOMS AND LOFT. ALL THIS, IN THE NEW PREMIER MASTER PLAN COMMUNITY, IN QUEEN CREEK, FEATURING A 22 ACRE LAKE. THIS IS THE CENTERPIECE OF THE COMMUNITY. KAYAKING AND CANOEING, AQUATIC CENTER WITH LAP AND SPORT POOL SPLASH PAD, BOCCE BALL, PICKLE BALL, BOARDWALKS AND RAMADAS THROUGHOUT AND MUCH MORE.. THE HOME INCULDES 2'' FAUX WOOD BLINDS, CEILING FANS, TANKLESS WATER HEATER+++ KATHERINE MECHAM BARNEY SCHOOL IN THE COMMUNITY.

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27824 N 256th Avenue Wittmann, AZ 85361

$705,000

4 Beds

3 Baths

2,571 SqFt

Status Active

MLS # 6777584

Property Type Single Family Residence

Price Type --

Beautiful 4Bd/3Ba home. Modern white exterior paint and gorgeous low maintenance desert front landscaping. Tile throughout house with quartz countertop. Large open floor plan with plenty of cabinets and kitchen island. 50 solar panels on roof with lots of space on 1 acre lot for activities and horse corral in backyard. 220 volt at back SW corner block wall fencing with power along whole block wall. 17-foot RV gate on side.

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3798 E Latham Court Gilbert, AZ 85297

$705,000

4 Beds

3 Baths

3,070 SqFt

Status Active

MLS # 6661352

Property Type Single Family Residence

Price Type --

Final Price Reduction! Former Model Home, Original Owner, Pride of Ownership, Look No Further! Located on a Cul De Sac Street with N/S Exposure in the Wonderful Community of Coronado Ranch. This Property includes many upgrades including Granite Countertops, 2 Fireplaces, Upgraded Flooring, Stair Railing, Cabinets, Tile, Fixtures, Vaulted Ceilings, Paint, Large Master Bedroom with Walk in Closet, Kitchen with Walk in Pantry, Breakfast Nook, Dining Room, Family Room, French Doors, Surround Sound, Window Treatments and so many more. Home has Oversized 3 Car Garage and Courtyard with plenty of room for parking or for the kids to play. Outstanding Opportunity to Own this Wonderful Home!

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7537 N 83rd Drive Glendale, AZ 85305

$705,000

4 Beds

3.5 Baths

3,240 SqFt

Status Active

MLS # 6752114

Property Type Single Family Residence

Price Type --

Stunning single story home that's located in a gated community, Orangewood Ranch! Spacious home offers, 4 bedrooms plus activity room, 3.5 bathrooms, and an open den. Designer finishes throughout such as 42'' cabinets, upgraded flooring, stainless steel appliances, and granite countertops and fresh paint throughout. The open concept floor plan has a natural feel, with 10 ft ceilings and 8 ft tall doors. An entertainer's dream with a luxury 15 ft multi slide glass door in the living room leading to the patio for indoor-outdoor living. The oversized lot provides plenty of room for your imagination with lots of space to build a pool. Great location close to entertainment and shopping including Cardinals Stadium, WestGate, Desert Dimond, and ParkWest.

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