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

2227 W Chisum Trail Phoenix, AZ 85085

$692,990
4 Beds
3 Baths
2,646 SqFt
Status Active
MLS # 6776972
Property Type Single Family Residence
Price Type --
Welcome to this beautifully designed Pinnacle plan, offering 2,646 square feet of luxurious living space including 4 bedrooms, 3 bathrooms and a loft with a bedroom and bathroom on the first floor. With its charming farmhouse exterior elevation and upgraded front yard landscape with artificial turf, you are invited to step into the home through a covered entry with elegant pavers.The heart of this home is the stunning kitchen, featuring stainless steel GE appliances, including an under-cabinet hood, built-in gas cooktop with five burners, and a built-in wall oven and microwave with a sleek trim kit. The kitchen is a chef's dream with white painted shaker cabinetry which is all is accented by stylish satin nickel hardware which perfectly complement the 42'' upper cabinets and 3'' crown molding. Enjoy the beauty of Della Terra quartz countertops and a contemporary white herringbone 2x6 backsplash. The large single basin stainless steel sink, paired with a Moen Sleek spot resistant stainless kitchen faucet, adds both functionality and style. Retreat to the luxurious bathrooms featuring white painted shaker cabinets, white cultured marble countertops with rectangular sinks and Moen Gibson brushed nickel premium 8 widespread faucets. Upgraded Meridian polished nickel vanity lights illuminate your space. The Dal Tile Oregon Rovere 8x36 Natural wood look tile flows seamlessly throughout the downstairs and into bath 2 and the laundry room upstairs. The primary bathroom showcases exquisite Dal Tile Memoir 12x12 Jewel Grey tile, providing a spa-like experience. Upstairs, a tasteful paint grade mission stair rail and is complimented by plush Shaw Kennfield carpet in the shade Ecru adding warmth and comfort, all trimmed with upgraded 4 ¼ baseboards. Throughout, the 8' interior doors adorned with Tavaris Lever satin nickel door hardware throughout, adding a touch of sophistication. The side yard is perfect for entertaining, featuring a convenient gas stub for a BBQ, making outdoor gatherings a breeze. This home also includes a soft water loop for added convenience. Located in Union Park at Norterra this home offers not just a living space, but a lifestyle. Don't miss the opportunity to make this your forever home and experience the epitome of modern farmhouse living! Tree-lined streets, pedestrian-friendly sidewalks and a 5,500 sf recreation center with resort style pool an kiddie pool, shaded ramadas, parks, gathering areas, pickelball courts and basketball. Close to I-17, 101 and 303. Walking distance to restaurants, movies, entertainment and shopping.

7228 E Crimson Sky Trail Scottsdale, AZ 85266

$692,500
2 Beds
2 Baths
1,734 SqFt
Status Active
MLS # 6752863
Property Type Townhouse
Price Type --
GORGEOUS FURNISHED VILLA IN WINFIELD RESORT COMMUNITY available turn key, furniture, kitchenware, linens. This 2 bedroom + office/den Moondance floor plan features great room living, expansive kitchen that opens to the great room w/ a gas fireplace. The kitchen has newer appliances and a breakfast bar. The back patio has incredible VIEWS to Black Mountain, an elevated patio, canterra stone water fountain, fireplace, bar- b-que, mature desert landscape and saltillo tile. Inside you will find a warm and cozy SouthWest design, an office/den that can work as a temporary third bedroom w/ a pull out couch. Winfield offers resort style Clubhouse w/ community heated pool, therapy spa, 8 tennis courts (2 clay), pickleball courts, fitness center, hiking & biking trails, and many social programs.

22514 E Saddle Court Queen Creek, AZ 85142

$692,089
5 Beds
3.5 Baths
3,340 SqFt
Status Active
MLS # 6773965
Property Type Single Family Residence
Price Type --
Last opportunity to own a Tri Pointe Home in Madera, featuring a remarkable, new, two-story home loaded with designer selections. The kitchen has a gourmet appliance package with 30'' gas cooktop and wall oven, a 12' center pull sliding glass door, concrete gray honed countertops. custom backsplash, upgraded Delta touch faucet in matte black, Benton birch burlap cabinets with upgraded knobs, and more! Other highlights include a Diamond super single bowl sink in Cinder, a frameless walk-in shower with tile surrounds, a downstairs en-suite with a walk-in shower, upgraded stainless steel plumbing fixtures and rectangle sinks at all baths, upgraded maple mission stained stair rail, 2 inch faux wood blinds throughout, upgraded interior paint in Snowbound, and square drywall corners.

26428 N 22nd Avenue Phoenix, AZ 85085

$692,045
3 Beds
3.5 Baths
2,272 SqFt
Status Active
MLS # 6775288
Property Type Single Family Residence
Price Type --
Inventory home under construction with estimated completion in late 2024 . Our Serene Plan 491 features an open-concept great room, kitchen, and dining area, a spacious utility room and den downstairs, and private outdoor veranda. Upstairs, there are 3 bedrooms, including an owner's suite, with an expansive walk-in closet and 2 full baths. This home is professionally designed with quartz countertops in the kitchen and owner's bath, wood look tile floors, upgraded carpet and pad, gas cooking, and satin nickel faucets and hardware. The Retreat collection at Union Park features multiple parks, community pool, and rec center. Conveniently located with quick access to schools, shopping, restaurants, all the conveniences of urban living.

1020 N Lakepoint Way Flagstaff, AZ 86004

$690,999 - 3Br/3Ba -  for Sale in Lakeside Acres, Flagstaff
Open House
$690,999
3 Beds
2.5 Baths
2,028 SqFt
Status Active
MLS # 6771472
Property Type Townhouse
Price Type --
Enjoy elegance and tranquility in this Lakepoint townhouse. Remodeled in 2012, new roof in 2023, freshly painted outside 2024. A quaint community of 25 townhouses in a cul-de-sac. 3 bedrooms upstairs, 1 full guest bath, 3/4 bath in primary, & a half bath downstairs, AC, forced air gas heat, composite deck, engineered hard wood flooring in entryway, living room, and loft, with tile flooring in kitchen & upstairs baths, with carpeting in all bedrooms. Plantation shutters on most windows with plenty of windows to allow the abundant Arizona sunshine in.

44619 N 44th Drive New River, AZ 85087

$690,792
4 Beds
2.5 Baths
2,745 SqFt
Status Active
MLS # 6756292
Property Type Single Family Residence
Price Type --
Welcome home to the popular Martina floorplan. This home welcomes you with an inviting courtyard, inside you'll find a split floorplan with 3 generously sized secondary bedrooms and walk in closets, a retreat in nestled in between these secondary bedrooms to use as an office, den, playroom or second living space. This home is architecturally upgraded with a gourmet kitchen, owners bath oasis featuring a drop in soaking tub, and a 12 foot center sliding glass door drawing you into the backyard. Designer features create a clean and timeless feel, such as warm wood plank tile flooring, neutral light gray colored cabinets, bright white subway backsplash and quartz countertops to finish off this highly upgraded home.

5100 E Rancho Paloma Drive Unit 2070 Cave Creek, AZ 85331

$690,000
3 Beds
2 Baths
2,074 SqFt
Status Active
MLS # 6772385
Property Type Apartment
Price Type --
Nestled in the secluded luxury enclave of Rancho North Condos, this exquisite FULLY FURNISHED 3 bedroom, 2 bathroom corner unit on the upper level offers unparalleled elegance and comfort. EVERYTHING IS INCLUDED except the vehicle in the garage!! Step inside and be greeted by the spacious open concept floor plan, adorned with soothing neutral tones and wood-like plank tile flooring in all the right places. The bright and airy great room features a double glass slider leading to the desirable balcony, where you can relax and enjoy views of the courtyard and distant resort-style community pool, all with the convenience of automated shades. The chef's eat-in kitchen is a culinary delight, boasting top-of-the-line stainless steel appliances, including a gas cooktop, elegant white cabinets, gorgeous granite countertops, and an oversized center island with a breakfast bar. Entertain guests effortlessly in the adjoining dining area and great room. Retreat to the primary suite, offering a lavish ensuite bathroom with dual sinks, a glass-enclosed walk-in shower with custom tile surround, private toilet, and a large walk-in closet. Two spacious secondary bedrooms, one currently being used as a game room, and a full guest bath provide ample space for family or guests. Convenience meets luxury with the well-equipped laundry room, complete with cabinets and a utility sink, and the attached 2-car garage featuring an exotic epoxied floor and plenty of built-in storage cabinets. Located within the highly desired Cave Creek Unified School District, this residence offers not just a home, but a gateway to spectacular mountain and Sonoran desert views. Nearby, you'll find world-class shopping, golf courses, hiking trails, horseback riding, and a variety of outdoor recreation opportunities. Community amenities abound, featuring a resort-style pool and spa, shade structures, barbecues, scenic walking paths, and a fitness center. Experience the epitome of luxury living at Rancho North Condos. Seller is motivated and will consider all offers!

3058 E Spring Wheat Lane Gilbert, AZ 85296

$690,000
3 Beds
2 Baths
1,694 SqFt
Status Active
MLS # 6738556
Property Type Single Family Residence
Price Type --
This beautifully sought after Warner Groves at Morrison Ranch residence is an upgraded 3-bedroom, 2-bathroom home that offers a perfect blend of modern upgrades and comfortable living. As you step inside, you'll immediately notice a warm and inviting atmosphere. There is a massive amount of storage everywhere. You will love the gourmet kitchen that includes cappucino stained Maple staggered cabinets, granite counters and backsplash, and stainless appliances. The bedrooms are cozy with like new carpeting, while the rest of the home features tile flooring. The primary bedroom boasts a huge walk-in shower and closet. The perfect entertaining backyard boasts with a large built-in BBQ, bar area, pergola, relaxing firepit, and putting green. Located in the highly rated Highland School District You'll also appreciate the convenience of being close to freeways, shopping, and top restaurants at the Epicenter at Agritopia. Don't miss out on this exceptional home in Warner Groves at Morrison Ranch. Schedule a showing today and experience all it has to offer!

8620 E Northland Drive Scottsdale, AZ 85251

$690,000
3 Beds
2 Baths
1,290 SqFt
Status Active
MLS # 6739219
Property Type Single Family Residence
Price Type --
Experience the charm of this delightful 3-bedroom, 2-bath home situated in the historic district of Scottsdale. This inviting residence boasts elegant tile flooring throughout, modern stainless steel appliances, and stylishly updated countertops. Spacious backyard with RV gate, and covered back patio! Ideally located near the 101 freeway, downtown Scottsdale, and a variety of shopping and dining options, this home combines historic character with contemporary convenience.

7228 E Buena Terra Way Scottsdale, AZ 85250

$690,000
2 Beds
2 Baths
1,620 SqFt
Status Active
MLS # 6756177
Property Type Townhouse
Price Type --
Discover the charm of this newly UPDATED, single-level townhome featuring spacious rooms & a 2 car garage, perfect for a second home retreat or year-round living. Step into a modern oasis with BRAND-NEW kitchen cabinets, counters, fixtures, lighting, a NEW AC unit, new carpeting throughout & more. The family room is a cozy haven with its wood-burning fireplace & vaulted ceiling, creating an inviting & open atmosphere. Spend your evenings unwinding on the private covered patio w/beautiful outdoor lighting to add to the ambiance. This GATED community features nice amenities: heated pool, spa, & tennis court. Centrally located near UPSCALE shopping, FINE dining, & SCENIC outdoor recreation paths, find your dream lifestyle here! Can be purchased FURNISHED w/ separate bill of sale.

4321 E Desert Sky Court Cave Creek, AZ 85331

$690,000
4 Beds
3 Baths
2,412 SqFt
Status Active
MLS # 6776147
Property Type Single Family Residence
Price Type --
Beautiful family home (or rental) in gated community of Dove Valley Ranch. Enjoy the private resort style backyard backing to a wash, covered patio, sparkling pool with water fall and hot tub. Interior features wood laminate flooring, carpeting in 2 bedrooms. Stone Creek built in desks & Murphy bed for your home office. Granite kitchen counters, stainless steel appliances & beautiful chandeliers, vaulted ceilings with beautiful CROWN MOLDING in all the right places. Enjoy golf in the public golf courses of Dove Valley Ranch. Leased SOLAR PANELS. Built in garage cabinets. New Water heater 2022. equipment on built in desks is for the solar panel.

2608 E Elk Run Court Payson, AZ 85541

$690,000
2 Beds
3 Baths
1,484 SqFt
Status Active
MLS # 6773123
Property Type Single Family Residence
Price Type --
Single Level, NO STEPS !! Built In 2013 ,FULLY FURNISHED Two Split Master Suites Both With Stunning Views Of The Forest. Open Great Room Floor Plan With Vaulted Ceilings And A Stone Fireplace. The Rear Yard Backs To A 10 Acre Park Setting Of Tall Ponderosa Pine Trees And Lush Green Grass All Maintained By The Golf Club Owner. Scraped Hickory Wood Floors In The Great Room Along With 8 Ft. Tall Stained Knotty Alder Doors Thru Out & Matching Knotty Alder Cabinetry Give This Home A Feeling Of Rustic Elegance. Granite Tops, Ceramic Tile Walk In Showers And Large Walk In Closets In The 2 Master Suites Provide You With All The Comforts You Expect. A Powder Room For Your Guests And A Walk In Utility Room Provide Great Fashion & Function. The Attached 2 + Car Garage Has Room For Your Golf Cart . Additional Storage Needs Are Provided By Way Of The Pull Down Attic Stair System With A Large Plywood Floor Storage Space . Walking Distance To The 1st Tee , Golf Practice Facility , Clubhouse Dining & Lounge. Low Maintenance Exterior Concrete Siding. Extremely Well Insulated Walls, Ceilings And Windows Help Keep Utility Bills Affordable. Words Cannot Properly Describe This Offering, Please Come See For Yourself!

Leave a Reply

Your email address will not be published.