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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10195 S Bickwell Trail Apache Junction, AZ 85120

$602,368
5 Beds
4 Baths
3,094 SqFt
Status Active
MLS # 6739955
Property Type Single Family Residence
Price Type --
Discover a unique home and buying experience at Laurel at Blossom Rock! This 2-story Heritage design is currently under construction and features a spacious, open-concept floorplan. The inviting kitchen flows seamlessly into a bright great room that opens to a private, covered outdoor space, perfect for relaxing or entertaining. The 3-car garage includes a convenient drop zone, and the home offers 5 bedrooms, 4 bathrooms, a great room, and a kitchen with an island. Plus, $42,000 in premium upgrades are already included, and special financing options are available. The home is anticipated to be completed by September. Blossom Rock is designed for outdoor living, with community parks, miles of scenic trails, beautiful lakes, and signature events that bring the community together.

15002 S 46th Place Phoenix, AZ 85044

$601,000 - 4Br/3Ba -  for Sale in Monarch Lot 1-215 Tr A-d, Phoenix
Open House
$601,000
4 Beds
2.5 Baths
2,095 SqFt
Status Active
MLS # 6749101
Property Type Single Family Residence
Price Type --
Seller may consider buyer concessions if made in an offer. Welcome to your dream home! This beautifully renovated property features neutral colors throughout for an elegant touch. The remodeled kitchen is a chef's delight with shaker cabinets, stainless steel appliances, a stylish backsplash and a center island. The primary bedroom includes a spacious walk-in closet. The primary bathroom offers a custom tile shower and double sinks for added conveniece. Enjoy the covered patio in the fenced backyard. Don't miss out on this beautiful home!

264 E Citrus Hollow Way Queen Creek, AZ 85140

$600,741
2 Beds
2.5 Baths
1,678 SqFt
Status Active
MLS # 6659762
Property Type Townhouse
Price Type --
This brand new Valletta model is move-in ready! It features a spacious layout with plenty of natural light. The kitchen is fully equipped with stainless steel appliances and granite countertops. It has a gourmet kitchen, gas cooktop and will be the perfect place to entertain your guests. Both bathrooms are highly upgraded with tile surround and upgraded fixtures. The resort collection at Encanterra offers you the perfect balance if you are a seasonal owner or full time. Book your tour today and start living the good life at Encanterra now!

11620 N 170th Avenue Surprise, AZ 85388

$600,539
3 Beds
2.5 Baths
2,467 SqFt
Status Active
MLS # 6720741
Property Type Single Family Residence
Price Type --
MLS#6720741 January 2025 Completion! The Appaloosa floorplan at Paradisi offers 2,467 sq. ft. of living space, featuring 3 bedrooms, 2.5 bathrooms, a 2.5-car garage, and a study. Upon entering the foyer, you'll find secondary bedrooms on one side and a study on the other. Moving further, a stunning courtyard surrounded by your home offers privacy for relaxing or hosting. The open-concept gathering room, kitchen, and dining area form the heart of the home. The owner's suite is separate from the secondary bedrooms, boasting split vanities and a walk-in closet. Enjoy a perfect blend of functionality and elegance in this thoughtfully designed home. Structural options include: paver courtyard, 15' x 8' sliding glass door, upgraded square corners, and rain shower in primary bath.

28205 N 213th Drive Wittmann, AZ 85361

$600,000
4 Beds
2.5 Baths
2,142 SqFt
Status Active
MLS # 6680644
Property Type Single Family Residence
Price Type --
A home to bring your toys and horses! NO HOA! One Plus Acre Lot - 4 Car Drive Through Garage w/ EV Charger for Electric Cars w/ a BONUS Dog Wash Station! This 4 bedrooms - 2.5 bath home comes w/ Beautiful Quartz Countertops in kitchen and bathrooms! Large Center Island plus extra counterspace - Walk-in Pantry and Stainless Steel Appliances! The Primary Suite has a Freestanding Soaking Bathtub - Walk-in Shower - Separate Toilet - Walk in Closet and Exit Door to the Covered Patio. Enjoy the Wide Open Spaces and Clear Skies Amazing Sunsets of Country Living w/ easy access to Grand AVE (Hwy 60), the 303, and all the amenities of Surprise and Wickenburg! WHEN USING GOOGLE MAPS USE 213TH AVE.

2095 W Harbour Drive Chandler, AZ 85248

$600,000
3 Beds
2 Baths
1,755 SqFt
Status Active
MLS # 6770630
Property Type Single Family Residence
Price Type --
Welcome to your dream home! Nestled in the highly sought after Harbour Club in the Ocotillo Lakes community, this stunning property offers a perfect blend of luxury and comfort. You will love all the MANY upgrades that include: a BRAND NEW HVAC installed in 2023, fully remodeled bathrooms, saltwater pool, new energy efficient windows in the bedrooms, new sliding glass door and many more (see full list below!)! As you step inside, you'll be greeted by an expansive open floorplan with vaulted ceilings and lots of natural light. The gourmet kitchen is a chef's delight, featuring granite countertops, stainless steel appliances, and a spacious area perfect for entertaining. The master suite is a true retreat, complete with a spa-like bathroom featuring a jetted tub, dual vanities and a walk-in closet. Additional bedrooms are generously sized, providing ample room for family or guests. Step outside to your private oasis where a sparkling pool and lush landscaping await. The covered patio is perfect for alfresco dining and enjoying Arizona's beautiful weather year-round. Located in the heart of Chandler, this home is just minutes away from top-rated schools, shopping, dining, and entertainment. Nearby attractions include Ocotillo Golf Club, Chandler Fashion Center, and a variety of eateries such as the Living Room Wine Cafe & Lounge and CHoP Chandler. Don't miss an opportunity to make this exquisite property your forever home. **LIST OF UPGRADES BRAND NEW! HVAC system installed in 2023 Freshly painted Landscaped front and backyard Brand new fans and lighting throughout Front door electric code entry and new door handles Electric fireplace installed in living room New sliding glass door to backyard in 2018 Replaced windows in bedrooms with energy efficient windows in 2019 Stainless steel kitchen appliances (fridge, microwave, dishwasher, and stove) 2018 Replaced all cabinet handles New disposal system (Oct. 2024) Hall/Guest Bathroom had complete remodel in 2020 with a Walk-in shower, new flooring, new vanity, fixtures, mirror, and new lighting, Added energy efficient exterior door to patio from master bedroom in 2019 Complete remodel of master bathroom in 2020 which included a new jetted tub, tiled shower, replaced shower glass, new vanity, fixtures, mirrors, lighting, and new chandelier. New side entry door installed in the garage New garage door opener Kinetico soft water system installed in 2018 Garage Storage shelves built Landscaped/added plants around pool in backyard Stone fire pit added Replaced wood on side gate Sprinkler system installed and maintained New stack stone added to patio (in 2023) and grill area (in 2018) Cool decking around pool replaced in 2018 Upgraded to a salt water pool in 2022 New LED pool light 2019 Updated code-approved water returns in pool 2018

1640 S Spruce Lane Show Low, AZ 85901

$600,000
3 Beds
2 Baths
1,540 SqFt
Status Active
MLS # 6775134
Property Type Single Family Residence
Price Type --
This adorable 3 bedroom, 2 bath home is the perfect fit for a weekend getaway or a long term solution to escape the AZ heat. The open kitchen with stainless appliances makes entertaining easy as it opens into the family room overlooking the back porch and tall pines. The master bath has a large shower with double sinks. Add a cul-de-sac lot and charming front porch to the long list of amenities this home has to offer! Enjoy the amenities that Torreon has to offer - golf, pool, family center, fishing pond, etc!

11265 E Watering Hole Street Sierra Vista, AZ 85635

$600,000
3 Beds
3 Baths
1,882 SqFt
Status Active
MLS # 6717957
Property Type Single Family Residence
Price Type --
COMPLETE OFF THE GRID 1880 SF 3 bdrm 3 bath two-story home. The house is brilliantly designed for passive solar gain through hundreds of windows on the south side of the home. On the north side there is covered parking for 4 vehicles. Conveniently located between Bisbee and Sierra Vista, the home is surrounded by vacant 40 acre parcels and State land. All new kitchen appliances, counters, wiring and plumbing. Brand Downstairs features brick flooring throughout, 2 bedrooms with lofts and hand-crafted ladders. One bedroom comes with an exterior door. There are 2 bathrooms downstairs, one with a tub and travertine tile shower. Propane tank is owned and full. The exterior rock work in retaining walls and custom-built bookcases are reflective of the skill and care that went into the home's creation. As in the rest of the house the emphasis is on the majestic 360 views-- hence the solar gain windows. Upstairs is the master bedroom and bath. A completely redone bathroom features; 24 X 12 ceramic tiles, custom bathtub and separate shower. The large master offers views that mesmerize, and the star gazing is surreal. Not by accident, the subdivision is designed with light pollution in mind for astronomical pursuits and of course horses. 5 STRAND BARBED WIRE FENCE SURROUNDS THE 40 ACRES. The $35,000 solar system is an EG4 and will serve all your electrical needs. Recent mini-split AC-Heat unit was installed. The registered well 55-546933 hits water at 151 feet, the well is drilled to 350 feet. Newer washer/dryer are conveniently located. A 1999 Ram pick-up goes with the property if wanted. A nesting pair of Screech Owls visit the carport in the early summer to raise their owlets. Tame and fun to watch!

1411 E Campus Drive Tempe, AZ 85282

$600,000
3 Beds
2 Baths
1,597 SqFt
Status Active Under Contract
MLS # 6761153
Property Type Single Family Residence
Price Type --
Discover the perfect blend of rentability and livability in this beautifully updated 3-bedroom, 2-bath home, ideally situated in the highly sought-after 85282 zip code. Conveniently located near ASU for students, yet offering the peace and proximity that families and young professionals desire, this home provides easy access to all that Tempe and the East Valley have to offer. The kitchen features sleek quartz countertops and stainless steel appliances, while luxury vinyl plank flooring runs throughout the home. The backyard is designed for low-maintenance enjoyment, complete with turf, pavers, and a gas fire pit for cozy evenings.

3850 N 12th Avenue Phoenix, AZ 85013

$600,000
2 Beds
1 Bath
1,000 SqFt
Status Active
MLS # 6749359
Property Type Single Family Residence
Price Type --
Beautifully remodeled home in central Phoenix near Encanto Village! Step inside to discover a spacious open floor plan, including a large kitchen equipped with all-new appliances, and a modern interior that seamlessly blends style and functionality. Outside you'll find a professionally landscaped yard with turf in both the front & back. Imagine enjoying low-maintenance outdoor spaces that are perfect for gatherings or simply relaxing in your own private oasis. Sitting on a generous lot, this property offers plenty of room for expansion. The detached single-car garage is connected to power & has potential to be converted into a casita or Airbnb. Great location, enjoy quick access to downtown, shopping/dining at Biltmore, parks, schools, & everything the valley has to offer!

4338 E Foundation Street Gilbert, AZ 85234

$600,000
4 Beds
2.5 Baths
2,195 SqFt
Status Active
MLS # 6730209
Property Type Single Family Residence
Price Type --
Welcome to Morrison Ranch, where even the cows are contemplating moving in for the sheer charm of this place. Gilbert's quirkiest and most delightful enclave has just what you're looking for - and probably a few things you didn't know you needed. As you step onto Foundation St, you're greeted by a 2-car garage that says, ''Yes, I can fit two cars, and maybe even a unicycle if you're feeling adventurous.'' The tasteful stone facade is like a well-dressed gentleman at a party, standing out just enough to impress without stealing the spotlight. This stunning 4-bed, 2.5-bath palace of practicality offers a whopping 2200 sq ft of living space, ensuring you have all the room you need for activities you'll never get around to. Click on ''more'' for additional fun!! With high ceilings that practically scrape the sky, a neutral palette that's the Switzerland of color schemes, and durable tile flooring that can survive everything from toddler tantrums to your clumsiest adult moments, this home has it all. The kitchen is the heart of the home, or in this case, the granite-countered, recessed-lit, stainless steel-applianced wonderland. The pantry is so spacious it could moonlight as a hide-and-seek champion, and the island with a breakfast bar is perfect for those mornings when you just can't decide if you're a cereal or a toast person. Upstairs, you'll find a quaint loft with a built-in desk for all your home office needs, or as we like to call it, the procrastination station. The main bedroom offers new carpeting that feels like walking on a cloud and a large walk-in closet where you can store your hopes, dreams, and an impressive collection of mismatched socks. The backyard boasts a refreshing pool that's just begging for a cannonball contest. And with the house just two doors down from the neighborhood park, it's the perfect spot to unleash the kids or the dogs - or the kid that thinks they're a dog. Location-wise, you're within walking distance to Cactus Yards Sports Complex, where you can watch local heroes hit home runs or possibly just hit the ground. Commuting is a breeze with proximity to Loop 202 & US 60, making your travel time as smooth as your favorite morning coffee. Now, for the nitty-gritty: this house has appraised at list price, because of course it has! Roof & AC inspections have been performed and given a clean bill of health, so you can sleep soundly knowing your new abode isn't about to spring a surprise leak or turn into a sauna. Why just read about this gem when you could be living in it? Schedule a visit today and see why Foundation St is the foundation of your next great adventure. Don't wait - homes like this are snatched up quicker than free samples at Costco!

42926 N 10th Street New River, AZ 85087

$600,000
1 Bed
1 Bath
860 SqFt
Status Active
MLS # 6738120
Property Type Single Family Residence
Price Type --
Would you like to build your dream home on the top of a mountain? This cozy home is your gateway to your dream house. One bedroom, one bath, open great room with a surprisingly roomy kitchen. Fantastic Views of the West Valley from your covered porch, oversize garage and large well-built storage shed round out the lower portion of this 2 acre property. Up the path to the top of the hill where spectacular views of the NE and SW valleys await you, and the perfect opportunity for that one-of-a-kind home.

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