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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656 W Johnson Drive Gilbert, AZ 85233

$674,900
4 Beds
2 Baths
2,374 SqFt
Status Active
MLS # 6739611
Property Type Single Family Residence
Price Type --
Discover your dream home in this exceptional property, boasting a spacious three-car garage and a host of upscale features. The beautifully designed primary bathroom offers a tranquil retreat, while the expansive kitchen is a chef's delight, featuring a wine cellar and a high-end Sub-Zero refrigerator/freezer. Set on a generous lot, this residence includes a sparkling pool with a diving board, perfect for entertaining and relaxation. Plus, enjoy the benefits of a solar savings! This home seamlessly combines luxury, comfort, and efficiency, making it a must-see!

13324 W Crown Ridge Drive Sun City West, AZ 85375

$674,900
2 Beds
2 Baths
2,254 SqFt
Status Active
MLS # 6766407
Property Type Single Family Residence
Price Type --
This beautifully designed 2-bedroom, 2.5-bathroom home offers 2,254 square feet of luxurious living space in a quiet and highly sought-after neighborhood. With an abundance of custom features, this home is the perfect retreat for relaxation and entertainment. The main living areas feature vaulted ceilings, custom lighting, and an inviting ambiance, perfect for hosting or relaxing. The spacious master bedroom features a private fireplace, and gorgeous pool views. The spa-like en-suite bathroom includes a 2-person Kohler Vibracoustic tub and walk-in shower. Versatile bonus room can be used as a home office, craft room, or studio. The chef's kitchen is equipped with high-end stainless steel appliances, Scottsman ice maker, granite countertops, and a large island, making it ideal for prepari preparing meals and entertaining. Dive into your own private HEATED saltwater pool, perfect for year-round enjoyment. The backyard is an entertainer's dream with a mini-golf course featuring three different styles of holes, shuffleboard court, and a covered patio with a built-in outdoor bar. OWNED solar panels significantly reduce energy costs significantly.

18213 N 46th Street Phoenix, AZ 85032

$674,900
4 Beds
3 Baths
2,409 SqFt
Status Active
MLS # 6770709
Property Type Single Family Residence
Price Type --
Unleash the potential of this well-maintained original home, offering the perfect canvas for your dream renovation! Located in the very desirable IMAGES neighborhood, this property provides a rare chance to customize & modernize to your exact vision, creating the home you've always dreamed of. With solid bones, spacious rooms, and a prime location, this house is ready for a complete transformation. Spacious feel w/ soaring vaulted ceilings, the main floor has family room, kitchen & dining - the primary bedroom & 2 other bedrooms are upstairs - and a very large bonus room w/ fireplace & 4th bedroom are on the lower level. Remodel with confidence as this property has a Newer Roof and HVAC system. One of the best values in the area, close to 101/51 & shopping / dining at Desert Ridge Mall.

3060 N Ridgecrest -- Unit 142 Mesa, AZ 85207

$674,900
3 Beds
2 Baths
2,226 SqFt
Status Active Under Contract
MLS # 6754733
Property Type Single Family Residence
Price Type --
Price adjustment! VIEWS of Red Mountain and city lights with amazing sunsets await you. This single story 3 bedroom, 2 bath, 2.5 car garage sits on a premium golf course lot (3rd hole) in the gated community of Las Sendas. This single story home features a desirable split floorplan, and is finished with plantation shutters, granite slab countertops in the kitchen and baths. The kitchen finished with stainless appliances, gas cooktop, wine refrigerator/beverage center, pantry, island, tiled backsplash and under cabinet lighting. The owners suite has exterior access with two walk in closets providing plenty of storage space. Owners bath with oversized tub, tiled glass shower, and updated mirror and lighting with granite slab countertops. Family room has gas fireplace and built i entertainment center. Laundry room w/ sink and plenty of storage space and shelving.Extended covered patio with roller shades, outdoor BBQ with decorative tile finish. The backyard is complete with easy to care for xeriscape plantings, paver patio and walkways and a raised elevated sitting area for enjoying the evenings and watching the sunset views. Garage has epoxy flooring and built in cabinetry. Home has been well cared for with new roof (2023), solar panels (owned), back up generator, AC (2013). Three custom made stainless glass windows in DR and front LR convey with home.

3629 W Amerigo Court Anthem, AZ 85086

$674,850
5 Beds
3 Baths
3,389 SqFt
Status Active
MLS # 6760593
Property Type Single Family Residence
Price Type --
COVETED UPGRADED GEM IN PRIME LOCATION WITH POOL!!! Featuring a flowing floor plan w/ wide open kitchen boasting quartz counters, upgraded cabinetry, stainless and black appliance ensemble & walk-in pantry, upgraded flooring throughout, full bedroom/ bath (w/ shower) downstairs, amazing speak easy bar area as you enter the home, huge primary suite w/ impressive spa-like bath boasting double sinks, separate glass enclosed shower/ soaking tub & massive closet, low maintenance backyard w/ incredible oversized pool with waterfall, extended pool decking & room for additional touches. Ideally located in award winning Anthem community w/ awesome parks, schools, shopping, dining & entertainment options nearby! COME CHECK IT OUT TODAY!!!

935 Ponderosa Trail Prescott, AZ 86303

$674,500
5 Beds
4 Baths
2,510 SqFt
Status Active
MLS # 6777536
Property Type Single Family Residence
Price Type --
Imagine waking up to the serene sounds of nature, with sunlight filtering through the tall pines. The main floor boasts an open-concept design, where the kitchen seamlessly flows into the living and dining areas, making it perfect for family gatherings or cozy evenings by the fireplace. Upstairs, the primary suite is a true retreat, complete with an updated en-suite bathroom and a walk-in closet. The additional bedrooms and bathrooms offer flexibility for a growing family, guest accommodations, or even a home office. The private backyard is a haven for nature enthusiasts, with plenty of room for gardening, play, or simply relaxing under the stars. With its ideal location and charming features, this home truly offers the best of both worlds less than 5 minutes from downtown.

21320 N 56th Street Unit 1199 Phoenix, AZ 85054

$674,000
2 Beds
2 Baths
1,884 SqFt
Status Active
MLS # 6747324
Property Type Apartment
Price Type --
Welcome to your dream condo in the resort-style community of Bella Monte! This rare first-floor gem features 2 bedrooms, plus an office/ or guest room, making it the largest floor plan in Bella Monte. Step inside and experience the open-concept layout and charming stone fireplace. The upgraded kitchen boasts solid wood cabinetry and sleek brand new stainless steel appliances. Step outside to a spacious and private back patio, perfect for outdoor living. A 2-car garage adds convenience and keeps your car cool. Located near Highway 101 and High Street, you're just minutes away from fantastic dining, shopping, and Paradise Valley. Experience the ease of low-maintenance living without compromising on luxury. Bella Monte boasts 3 pools, spas and workout rooms! Photos virtually staged.

10649 E Hawk Avenue Mesa, AZ 85212

$674,000
4 Beds
3 Baths
2,284 SqFt
Status Active
MLS # 6763179
Property Type Single Family Residence
Price Type --
You'll LOVE this gorgeous 4-bed, 3-bath home in Eastmark! Displaying a manicured landscape & a 2-car garage w/paver driveway. Home exudes elegance with vaulted ceilings, chic light fixtures, plantation shutters, neutral paint, and Berber carpet & wood-look tile flooring. The inviting open layout is paired with a fireplace & multi-sliding doors to the back! The gourmet kitchen boasts granite counters, a pantry, subway tile backsplash, a prep island, white staggered cabinetry, and SS appliances w/cooktop gas & wall ovens. Main bedroom has barn doors that open to the ensuite with dual sinks, separate tub/shower, & a walk-in closet. PLUS! The large den can be an office. Enjoy the entertainer's backyard with a covered patio, artificial turf, firepit, built-in BBQ, & a sparkling pool! Just WOW!

2726 S Rita Lane Tempe, AZ 85282

$674,000
5 Beds
3 Baths
2,481 SqFt
Status Active
MLS # 6771207
Property Type Single Family Residence
Price Type --
This beautiful home located in the heart of Tempe boasts five bedrooms and three full bathrooms in a split floor plan. As you walk into an open living room there is a formal dining room off to the side. It has a spacious updated kitchen with plenty of cabinets and a premium induction range and double oven among other state of the art appliances. This home has two master bedrooms, one with a large soaking tub. All bathrooms are updated, and all the bedrooms are large with plenty of closet space, plus 2 hall closets and additional cabinet storage along the hallway.There is a sun/Arizona room that has A/C giving you more space and living area. The home has large front and back yards with easy to keep irrigated landscaping. The home is close to ASU and downtown Tempe, and sits in a good neighborhood for walking and with nearby parks. This home is perfect for any lifestyle but would also make an excellent investment property with close proximity to ASU, and Tempe dining and retail. It is also conveniently near Mesa shopping and Asian grocery markets, and with Scottsdale just a short drive away. Welcome to your Next Home!

8413 E Jackrabbit Road Scottsdale, AZ 85250

$674,000
3 Beds
2 Baths
1,722 SqFt
Status Active
MLS # 6765157
Property Type Single Family Residence
Price Type --
This meticulously maintained 3-bedroom, single-story residence is a rare find with no HOA. With a brand-new roof, new A/C, and fresh exterior paint, this home is ready for you to move in and enjoy. Located in a prime location, you'll be just moments away from the beauty of Chaparral Park, the vibrant energy of Old Town Scottsdale, and shopping at Fashion Square. Plus, you're close to spring training facilities and Talking Stick Resort, making it easy to enjoy all that Scottsdale has to offer. Step inside to discover a warm and inviting living space that flows seamlessly. Don't miss your chance to own this exceptional home in a fantastic location!

9223 W Running Deer Trail Peoria, AZ 85383

$674,000
3 Beds
2.5 Baths
2,650 SqFt
Status Active
MLS # 6713470
Property Type Single Family Residence
Price Type --
Best value in West Wing. Great split floor plan open kitchen great room with gorgeous upgrades. Large master suite with separate tub and shower double sinks and envious walk-in closet.

8901 S Dateland Drive Tempe, AZ 85284

$674,000
4 Beds
2 Baths
2,066 SqFt
Status Active
MLS # 6751031
Property Type Single Family Residence
Price Type --
WESERV Best Home on Tour winner!!! This beautiful single level 4 bdrm home with heated salt water pool/spa is truly move in ready. The owner replaced the following since purchase 2 yrs ago: new salt water system in the pebble-tec pool/spa, water heater w/recirculation system, soft water and RO system, dishwasher, kitchen countertops, back landscaping & paver areas, interior/exterior paint, tile floors and carpet! From the patio entrance, custom front door, vaulted ceilings, wood burning fireplace in family rm, laundry rm with upper and lower cab's with full countertop. Primary bdrm has door to backyard. Note: behind wood fence is where a built-in BBQ was planned (gas lines, power, water available & cement). You'll have peace of mind living here with many of the big $ items done

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