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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7445 W Quail Track Drive Peoria, AZ 85383
Open House
$670,250
3
Beds
2.5
Baths
2,051
SqFt
Status
Active
MLS #
6734111
Property Type
Single Family Residence
Price Type
--
Corner lot, no back neighbor-ready to call home in October 2024. Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'El Dorado' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes Burlap Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 9' ceilings, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Photos of similar spec home, options may vary-home is under construction**
13827 N Wendover Drive Fountain Hills, AZ 85268
$670,000
3
Beds
2
Baths
1,732
SqFt
Status
Active
MLS #
6748069
Property Type
Single Family Residence
Price Type
--
Flawlessly maintained pristine home nestled in serene residential neighborhood. NO HOA! Be captivated by Mountain Views & Four Peaks. Recently treated to a fresh exterior paint w/ unparalleled level of protection against the elements w/ a special waterproof coating, standing apart from other available homes. Embrace worry-free living w/ the installation of brand-new, highly efficient HVAC, ensuring optimal comfort & performance for years. Added comfort & energy savings w/ all-around window shade screens, allowing for coolness & cost-efficiency. Step inside this beautifully split-plan home. The full primary bedroom suite offers a sanctuary of serenity. The kitchen boasts stunning granite countertops. backsplash, granite sink, top-notch appliances, super large panty. Superb backyard w/shed. Move-in ready, this residence leaves nothing to be desired. Stepping outdoors, be greeted by an expansive backyard with a custom-built shed for all your additional storage needs. Additional storage cabinets & worktable in garage! Convenience is at your doorstep, w/ retail & restaurants just a leisurely stroll away. Imagine the joy of living within a mile of the iconic Fountain and Lake. This home is sure to please!
10835 E Tesla Avenue Mesa, AZ 85212
$670,000
3
Beds
2.5
Baths
2,462
SqFt
Status
Active
MLS #
6737188
Property Type
Single Family Residence
Price Type
--
MUST SEE TODAY! Gorgeous property in the growing La Mira! This home offers excellent curb appeal with a low-care front yard, a 2-car garage, and an RV gate. The interior boasts a large open concept with tall ceilings, ceramic tile flooring, plush carpet, and abundant natural lighting. The fabulous white kitchen showcases staggered cabinets, SS appliances, granite counters, a large island with breakfast bar, and a walk-in pantry. The split owner's suite allows great privacy, and its immaculate bathroom with a huge dual vanity & an oversized shower makes it a perfect retreat to unwind after a long day. The secondary bedrooms share a Jack & Jill bathroom. Additionally, you'll find 2 dens, one perfect for an office & a larger one for a game/entertainment center. Discover a spacious backyard with covered patio and artificial turf, making an ideal spot for fun & entertaining. This fabulous community features a lush park with playground and a pool. What's not to like? Hurry to see this amazing residence before it's too late!
11445 E Paloma Avenue Mesa, AZ 85212
$670,000
4
Beds
2.5
Baths
2,951
SqFt
Status
Active
MLS #
6756927
Property Type
Single Family Residence
Price Type
--
Amazing mountain views the master bedroom, loft, and front porch. This stunning home is recently remodeled with quartz kitchen counter tops, large 24x48 tiles throughout the first floor, LVP flooring on stairs and loft, carpet in all bedrooms, fresh paint inside and outside, and epoxy garage floors. This house features 4 BR, 2.5 baths, plus a den and loft. Two story ceiling in family room. Well-manicured backyard with pebble tech play pool & flagstone flooring outside covered patio area. Surround sound with built-in speakers. Truly a great neighborhood in Gilbert school district.
2742 W Wayne Lane Anthem, AZ 85086
$670,000
5
Beds
3
Baths
2,648
SqFt
Status
Active
MLS #
6764184
Property Type
Single Family Residence
Price Type
--
Seller may consider buyer concessions if made in an offer. Welcome to your dream home, where timeless elegance meets modern convenience. The interior boasts a fresh, neutral color paint scheme, complemented by partial flooring replacement. The primary bedroom features a walk-in closet and an en-suite bathroom with double sinks, a separate tub and shower for ultimate relaxation. The kitchen is a chef's delight with a center island, accent backsplash, and all stainless steel appliances. The exterior fenced-in backyard with a private in-ground pool and a covered patio perfect for entertaining. This home is a true gem, ready to provide a comfortable lifestyle.
12427 N 38th Street Phoenix, AZ 85032
$670,000
3
Beds
2
Baths
1,264
SqFt
Status
Active
MLS #
6769033
Property Type
Single Family Residence
Price Type
--
Come & see this amazing property located in the highly sought after area of 40th St. & Cactus, near the 51 & shopping! This gorgeous home boasts charming curb appeal, low maintenance gravel landscaping, 2-car enclosed carport, RV gate (paved area behind gate), neutral paint, new laminate floors, cozy fireplace & lots of storage areas! The lovely kitchen offers matching stainless steel appliances, Silestone- Quartz countertops, tile backsplash & a pantry. The master suit features a private exit, bathroom with his & her sinks & a nice walk-in closet. The expansive backyard boasts a large covered patio, 2-8x10 Tuff Sheds, 1-10x16 Tuff Shed Workshop & tons of potential for you to personalize it & make this house your own.
7232 E Maverick Road Scottsdale, AZ 85258
$670,000
3
Beds
2
Baths
2,581
SqFt
Status
Active
MLS #
6780712
Property Type
Single Family Residence
Price Type
--
3 BEDROOMS (COUNTING THE LOFT) MAKES THIS HOME A GREAT BUY FOR ANY FAMILY LOOKING FOR LOTS OF SPACE! HOME ALSO FEATURES A HUGE OPEN KITCHEN WITH JENN-AIR APPLIANCES and WINDOWS LOOKING OUT INTO YOUR VERY PRIVATE YARD. BEAUTIFUL GAZIBO SURROUNDED BY PLUSH LANDSCAPING. MAIN BEDROOM IS HUGE WITH WALK-IN CLOSET AND LARGE PRIVATE BATH. ENJOY THE BUILT-IN BBQ GRILL JUST OUTSIDE THE KITCHEN WITH FIRE PIT AND REMOTE CONTROL AWNING. NEED AN OFFICE SPACE? THE 13X20 LOFT WOULD BE PERFECT! THIS PET SAFE HOME IS ENTIRELY SURROUNDED BY A 7' STUCCO WALL FOR SAFETY and PRIVACY. THE POOL HAS BEEN FILLED IN BUT CAN BE RECOVERED. EXTRA STORAGE IN THE CUSTOM ATTIC ENTRY. COMPARE SIMILAR SQ FTGE HOMES IN 85258 AND YOU'LL SEE THE REAL VALUE HERE. REMEMBER: LOCATION LOCATION LOCATION? THIS IS SUCH AN EXAMPLE
2821 W Libby Street Phoenix, AZ 85053
$670,000
5
Beds
3
Baths
2,636
SqFt
Status
Active
MLS #
6713274
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home, a one-of-a-kind custom-built masterpiece that exudes elegance and sophistication. Built in 2019, this is the newest two-story house on the block, featuring a grand entry with a stunning wood door that sets the tone for the luxury within. This exceptional residence offers unparalleled luxury and modern amenities, ensuring a lifestyle of comfort and convenience. With five generously sized bedrooms, there's ample space for family, guests, or even a home office. Each bedroom is designed to provide maximum comfort and privacy, complemented by three beautifully appointed full bathrooms with high-end fixtures and finishes, offering a spa-like retreat for your daily routine.The heart of the home features custom cabinets and top-of-the-line stainless steel appliances, perfect for the home chef. Granite countertops add a touch of elegance to the kitchen's open layout, which is ideal for entertaining and family gatherings. The living spaces are adorned with stunning wood floors, and the grand wood staircase adds warmth and charm to the interior. Vaulted ceilings create an airy and spacious ambiance, while double wide patio glass doors seamlessly connect the indoors with the outdoor living areas. For those with a passion for travel, the RV gate provides convenient storage and access for your recreational vehicles, making it easy to embark on your next adventure. The home is equipped with two high-efficiency air conditioning units, ensuring comfort throughout the year. Energy-efficient windows by Milgard and foam insulation enhance the home's sustainability and energy savings. Recessed lighting throughout the home provides a modern touch and brightens every corner. The garage features an 8-foot door with extended height, perfect for larger vehicles. Additionally, the oversized water heater ensures that you'll never run out of hot water. The extended back patio is perfect for outdoor living and entertaining, complete with electrical wiring for up to three ceiling fans. The backyard also features a full-size shed for extra storage and is enclosed by a block stucco wall for added privacy and security. The home also boasts a comprehensive salt water filtration system for clean and healthy living. The exterior of this custom-built gem boasts a stylish stucco finish, adding to its unique architectural design. Every detail of this home has been thoughtfully designed to offer the utmost in modern living. From the open-concept living spaces to the high-quality materials used throughout, this home is the epitome of luxury. This property is not just a house; it's a lifestyle. Don't miss the opportunity to own this extraordinary home that combines unique design, luxurious features, and modern amenities. Schedule a private tour today and experience the beauty and elegance of this exceptional property.
7451 W Crystal Road Glendale, AZ 85308
$670,000
3
Beds
2
Baths
2,111
SqFt
Status
Active
MLS #
6729565
Property Type
Single Family Residence
Price Type
--
This beautiful 3 bedroom + Den, 2 bath home features a 3 car garage, a RV gate, & an immaculately maintained front & backyard. The living/dining room showcases vaulted ceilings, a soothing color palette, plantation shutters, & wood look flooring. The great room includes a large sliding door for ample natural light. The newly refreshed kitchen is equipped w/ a breakfast nook, granite counters, abundant wood cabinetry, track lighting, SS appliances, a pantry, and an island w/ a breakfast bar. Double doors lead to a versatile den, ideal for work or relaxation. The serene primary bedroom offers backyard access, an ensuite w/ dual sinks, and a walk-in closet. The backyard boasts a covered patio, stylish pavers, pristine artificial turf, and a refreshing pool.
507 E Wesleyan Drive Tempe, AZ 85282
$670,000
4
Beds
2
Baths
2,086
SqFt
Status
Active
MLS #
6727308
Property Type
Single Family Residence
Price Type
--
This beautiful home has been remodeled from top to bottom. Turnkey house that is upgraded to the max. New Electrical, new light fixtures, completed repainted. New front and back landscape with paver driveway extensions and front paver patio. Completely new kitchen with new appliances. New Master bathroom with his and her shower. Features a mud room and large pantry. All new upgraded tile throughout the house. New drywall, new windows, new doors and hardware and a new roof! This home is close to the University and in a great family neighborhood. Come make this your new home!
968 S Western Skies Drive Gilbert, AZ 85296
$670,000
5
Beds
3
Baths
3,102
SqFt
Status
Active
MLS #
6731733
Property Type
Single Family Residence
Price Type
--
Price Reduction! Sellers open to concessions towards buyer costs w/ approved offer. Upgrades including Fresh Paint, Brand New flooring, & more! GOLF COURSE LOT!** Experience luxury living in this 5 bedroom, 3 bath home overlooking the 10th hole of the Western Skies Golf Course. Pebble tech pool & scenic golf course views. Updated kitchen, features custom cabinets, granite countertops, massive island, stainless steel appliances, & a walk-in pantry. Home comes with an enhanced & transferable, Home Warranty Protection plan, which covers ALL Appliances, Plumbing, HVAC equipment, & much more! Tile flooring, vaulted ceilings, & a formal dining area. The spacious Owners suite has 2 walk-in closets & soaking tub. Home also boasts 4 large bedrooms upstairs. The den downstairs can be a 5th bedroom
728 W Thunderbird Road Phoenix, AZ 85023
$670,000
3
Beds
2
Baths
1,935
SqFt
Status
Active
MLS #
6767036
Property Type
Single Family Residence
Price Type
--
Experience the perfect blend of luxury and tranquility in this stunning 3-bedroom, 2-bathroom home backing up to a scenic golf course. Wake up to breathtaking views, enjoy vaulted ceilings that add spaciousness and light, and relax in a beautiful home with fresh paint inside and out. The brand-new roof ensures peace of mind for years to come. Whether you're a golfer or just love beautiful surroundings, this home offers the perfect escape. Don't miss the opportunity to own this slice of paradise. Hurry and make it yours! Seller will give $10,000 credit towards appliances or closing cost!!!!!