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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22769 E Orion Way Queen Creek, AZ 85142

$625,000
4 Beds
3 Baths
2,635 SqFt
Status Active
MLS # 6727430
Property Type Single Family Residence
Price Type --
Wait for the Builder? No need with this upgraded ready to go beauty! 4 bedroom 3 bath home with tandem 3 car garage, finished backyard with artificial turf and great landscape. Home is highly upgraded and move in ready now! 12x8 sliding glass door that leads out to the extended covered patio. Pavers at drive, walk and entry, garage service door and an 8' garage door. Stainless steel gas appliance package with a 30'' cooktop/canopy hood. Tahoe Cherry slate cabinets through out with 42'' upper kitchen cabinets with 4-1/4'' crown. AZT Della Terra Quartz ''Linen-Off white'' quartz countertops. Upgrade floor includes Aura Cream 20x20 tile and Neutral color carpet. White Matte 4x12 ceramic tile at the shower/tub surrounds in owner's bath. Water softener and gas stub finish off the perfect home.

26563 W Cat Balue Drive Buckeye, AZ 85396

$625,000
2 Beds
2 Baths
2,337 SqFt
Status Active
MLS # 6739292
Property Type Single Family Residence
Price Type --
Don't miss this Stunning Serenity model on a Premier Golf Course Lot with beautiful lake mountain views! Entering through a charming gated front courtyard, you will notice the custom security glass/screen door. This amazing home features an open layout with Tres ceilings, elegant luxury vinyl plank wood look flooring, custom shutters and top-down bottom-up shades. A gourmet kitchen with SS appliances, quality granite, large island w/seating, wall mount oven, hooded cooktop, marble tile backsplash, lighted cabinets with glass doors. Private master suite with added bay window, spacious tile shower, granite counters and large walk-in closet. Guest room with an adjacent bath. Flex room which could be a 3rd bedroom. Den, laundry with sink, tankless water heater, extended patio, see list in documents tab.

4402 W Goldmine Mountain Drive San Tan Valley, AZ 85144

$625,000
4 Beds
3.5 Baths
3,007 SqFt
Status Active
MLS # 6760727
Property Type Single Family Residence
Price Type --
This stunning 4 bedroom home with a den & a loft is nestled in the scenic beauty of San Tan Valley. This well maintained property offers breathtaking mountain views from both the front & backyard, adding to its serene atmosphere. The open floor plan with 9' ceilings allow for comfortable living, whether you're hosting friends or spending time with family. The kitchen is beautiful & features an island, granite countertops, pull outs & a ton of storage. Upstairs you'll find all 4 bedrooms, the loft, 3 full bathrooms & the laundry room. The owner's suite has gorgeous views of the backyard & mountains as well as a separate shower & tub, dual vanities & a large walk in closet. When you step outside into the backyard, you'll discover a deep pool perfect for cooling off in the Arizona heat. Enjoy movie nights under the stars in the pebble tech pool with a built in pull down projector screen. The pool also features a Baja step, a water feature, colorful LED lighting & it's extra deep. The covered patio & pergola is the ideal space for entertaining & outdoor dining. You'll love the beautiful backyard landscaping which includes a tangelo tree. Both the front & back have a yard watering system that can be controlled from your phone & there's also solar lighting. The backyard is absolutely spectacular! Pride of ownership is evident from the moment you walk in the front door. Within the past year a new AC unit, water softener & RO system were all installed. All appliances are also included with the sale. Located in a quiet & friendly neighborhood, this home is in the popular 85144 zip code on the Queen Creek/San Tan Valley border & it's just 15 minutes from Queen Creek Marketplace. The community of San Tan Heights features a ton of amenities such as a community center with a heated pool with lap lanes, a fitness center, a play area as well as several parks & playgrounds, & multiple volleyball & basketball courts. San Tan Heights is close proximity to San Tan Mountain Preserve for hiking and backpacking & minutes away from Golf Club at Johnson Ranch. You'll have easy access to shopping, dining, & entertainment while enjoying the tranquility of this lovely community. This home is the perfect blend of convenience, space, & charm & it's ready for you to call home!

6764 W Firebird Drive Glendale, AZ 85308

$625,000
4 Beds
3 Baths
2,327 SqFt
Status Active
MLS # 6763127
Property Type Single Family Residence
Price Type --
Wonderful home in highly desirable Arrowhead Ranch community. This 4 bedroom 3 bath home features an open floorplan and vaulted ceilings. Upgraded kitchen with granite counters, stainless appliances and recessed lighting. Maple floors in entry, kitchen, walkways, landing and stairs. New Carpet in all other rooms. Plantation shutters throughout. Fabulous master with his and her closets, a huge walk-in shower w/ bench, double sinks on vanity with upgraded granite. Home has been just freshly painted throughout. 4th bedroom is a den with double doors, original option included having a closet for a bedroom. Nice backyard with sparkling pool and covered patio. Great location- close to beautiful lakes, walking and biking trails. Close to freeways, shopping and restaurants.

10520 W Patrick Lane Peoria, AZ 85383

$625,000
5 Beds
2.5 Baths
3,094 SqFt
Status Active
MLS # 6764118
Property Type Single Family Residence
Price Type --
Get ready to make this beautifully maintained home in a well sought after Peoria neighborhood your new home! Priced below appraised value, featuring a 3 car garage & RV Gate, this unique layout will not disappoint. Walk into your open floor plan with upgraded granite kitchen counters. Relax in your downstairs master suite with a deep closet & custom master bath. Upstairs boasts a well laid out floorplan to include a landing that can be used as a second family or game room. 4 oversized bedrooms with walk in closets, access to the above attic with standing room & a roomy full bath make this second floor feel custom built! Did I mention the solar that is paid in full, the brand new AC's or that there is no HOA?! One of the largest homes in the neighborhood is move-in ready & priced to sell!

12409 N 60th Lane Glendale, AZ 85304

$625,000
5 Beds
3 Baths
2,644 SqFt
Status Active
MLS # 6770245
Property Type Single Family Residence
Price Type --
This is it! This gorgeous home is on a quiet street in a well maintained subdivision. You'll be close to highly sought after schools & parks, and only minutes from the 101 and the I-17. Notice the fantastic curb appeal and low maintenance lawn and rv gate. There is wood-like tile flooring in all the main living areas, separate living & family rooms, spacious bedrooms with one bedroom and full bathroom downstairs. Your new kitchen offers custom countertops, island with breakfast bar, tile backsplash, and contemporary cabinets with lots of storage space. It has vaulted ceilings, and open floor plan, and ceiling fans in all the right places. You'll definitely spend a lot of time in the oasis of a backyard with above ground spa, pool, covered patio, built in bbq, fireplace and bar. no maintenance landscaping. You will love so much about this gem of a home so hurry and come take a look. It won't last long on the market. Thanks for stopping in.

4046 E Del Rio Street Gilbert, AZ 85295

$625,000
4 Beds
2 Baths
2,268 SqFt
Status Active
MLS # 6766936
Property Type Single Family Residence
Price Type --
Welcome to this stunning single-level home built by Shea Homes, featuring a desirable split floor plan with 4 spacious bedrooms and a versatile bonus room perfect for a home office, workout space, or even a mother-in-law suite. The gourmet kitchen is a chef's dream, boasting custom cabinetry, sleek quartz countertops, and top-of-the-line appliances. With tile flooring throughout, a recently replaced roof, AC and a brand-new water heater, this home is move-in ready.. Step outside to your serene, private backyard complete with flagstone walkways, and enjoy the convenience of an RV gate. Located near the 202 freeway and close to local favorites like Joe's Farm Grill, you'll never be far from great dining and shopping. This home offers the perfect blend of luxury, comfort, and convenience!

36021 N 32nd Drive Phoenix, AZ 85086

$625,000
5 Beds
3 Baths
2,669 SqFt
Status Active
MLS # 6771722
Property Type Single Family Residence
Price Type --
This fantastic home is where your future memories are sure to be made. This beautiful two-story home offers 5 bedrooms 3 baths and an inviting open floorplan. Great room with high ceiling. Open kitchen with Island and Stainless steel appliances. The large primary bedroom has a sitting area and On suite includes Separate Shower & Tub, Double sinks and a Huge Walkin Closet. One bedroom and full bath downstairs. Large lot with easy to maintain back and front yards. Extended covered patio, 3 Car Garage, upstairs laundry, double sinks in secondary bath. Great Community includes heated pools, spas, play areas, tennis courts, walking paths and much more. Conveniently located near restaurants and Shopping. Come and see your new home.

17850 N 68th Street Unit 2097 Phoenix, AZ 85054

$625,000
2 Beds
2 Baths
1,814 SqFt
Status Active
MLS # 6769240
Property Type Apartment
Price Type --
Prime location and luxury living! This stunning home boasts premium interior upgrades with no detail overlooked. Nestled beside Reach 11 hiking trails, 1,000 ft from Lifetime Fitness, and within 2 miles to 3,000,000sf of premier shopping/dining at Desert Ridge, Kierland Commons, Scottsdale Quarter, and Scottsdale/101. The home shines with granite countertops, tile backsplash, upgraded kitchen cabinetry with slide-out drawers, herringbone imported Italian tile, upgraded high end stainless kitchen appliances, Toto toilets, custom $2,000 office wallpaper, primary suite walk-in closet organizers, ADA-compliant bathrooms, laundry room cabinets and more!. Ample natural light through out, with community elevators for single-level living. Private 2-car garage and extra storage included Additional features include RO system, upgraded USB electrical outlets, 2 private balconies, European White Oak office floor.

820 N 8th Avenue Unit 22 Phoenix, AZ 85007

$625,000
2 Beds
2.5 Baths
1,476 SqFt
Status Active
MLS # 6772690
Property Type Townhouse
Price Type --
Step into a former model home in a gated community, just blocks from Roosevelt Row District. Urban convenience meets a quieter atmosphere. Walk to downtown Phoenix. • Diverse Dining • Lively Concerts • ASU Downtown Campus • Sports & Concert Stadiums A 10-min drive to Sky Harbor or hop on the light rail for easy city living. The Home:Built in 2017, with upgraded finishes: quartz counters, glass tile, designer lighting, 9-ft ceilings, 2-car garage. Private courtyard with pavers, turf perfect for relaxing. Versatile flex room for office or more.Second floor: open living area, kitchen with pull-out shelving, sliding doors to deck with skyline views. Top floor: two ensuite bedrooms. Primary suite: glass-doored shower, dual sinks, walk-in closet. Guest ensuite shower tub combo Community: Gazebo, grill, ample street parking, top construction. Don't miss this exceptional home!

22647 E Avenida Del Valle -- Queen Creek, AZ 85142

$625,000
5 Beds
3 Baths
2,799 SqFt
Status Active
MLS # 6773273
Property Type Single Family Residence
Price Type --
This beautifully designed 5-bed, 3-bath home in the Meridian community offers 2,799 sqft of modern living space, built in 2018. Featuring tile throughout the main areas, with carpet in the bedrooms, a massive family room, and a 3-car garage, this home blends style and functionality. Plus, the paid-off solar provides excellent energy savings! Enjoy Meridian's 5,000 sqft pool, parks, and scenic trails, along with the nearby Frontier Family Park offering playgrounds and picnic areas. This stylish, move-in ready home is a must-see in one of Queen Creek's most desirable communities!

5055 S Clancy -- Mesa, AZ 85212

$625,000
4 Beds
2 Baths
2,142 SqFt
Status Active Under Contract
MLS # 6766078
Property Type Single Family Residence
Price Type --
Gorgeous 4-bedroom, 2-bathroom home with a 3-car garage located in the highly sought-after Keighley Place subdivision of Mesa. Move-in ready and filled with upgrades, this home welcomes you with an oversized living room and formal dining space. The remodeled kitchen boasts granite countertops, refinished cabinets, a stainless steel sink and appliances, new fixtures, and a custom pantry door. The open-concept family room features a charming wood accent wall and offers easy access to the resort-style backyard, complete with a travertine patio, heated pool, lush landscaping, a built-in gas firepit, and a BBQ island, perfect for outdoor entertaining. The primary suite is a retreat of its own, featuring hardwood floors, an oversized walk-in shower, granite countertops, vessel bowl sinks, and updated fixtures. Additional highlights include updated flooring throughout, fresh exterior paint, garage cabinets with a workbench and storage, an RV gate, and low-cost fixed solar. Don't miss out on this incredible opportunity....request a private tour today!

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