Planning to Get a Mortgage in 2017? 4 Reasons Why It’s Time to Start Paying Down Other Debts Now

Getting a Mortgage in 2017? 4 Reasons Why It's Time to Start Paying Down Other Debts NowBuying a home is an ideal investment for many people because not only is it a place that belongs to them, it can also be very beneficial financially. While you may be strongly considering buying a home for these reasons, it’s also important to be in good financial health so that your ideal home purchase is within reach. If you’re currently perusing the market for prospects, here are some reasons you should pay down debt before taking the leap into home ownership.

Good Credit History

The amount of your debt load and whether or not you’re paying off your minimum monthly payments has a considerable impact on your mortgage approval, so ensuring that you have good credit history going into the process is important. If you’ve had hiccups with your credit, make sure you go through your credit report prior to submitting your application to determine where you’re at.

Lowering Your Debt-to-Income Ratio

Whether or not you’ve heard the term, your debt-to-income ratio (DTI) has a significant impact on how much house you can afford. Made up of the amount of your monthly debt payment and current house payment, your DTI should be below a certain percentage as this will enable you to afford a higher home payment each month.

Shifting Interest Rates

Getting a mortgage is one thing, but interest rates add more to the monthly amount you’ll owe. A fixed-rate mortgage can seem like a good idea, but if interest rates are low you may end up paying more than you would on a variable rate, which can be hard to predict. As interest rates are a part of home ownership, having lower debt will enable you to deal with these additional costs.

Finding The Right Home

Putting your money into a home can be one of the best purchases you’ll make, but if you’re unable to afford the home you love, it can be a disappointing fact to face. While there are no assurances that paying down debt will enable you to afford your dream home, it can go a long way towards giving you more options that will fit your budget.

Buying a home can be a money saver in the long run, but if you’re struggling to keep up with your debt payments buying into the market can be more of a burden than anything else. If you’re currently paying down debt and considering a home purchase, give me a call and let me help start the planning process – J.P. Cook – 602-320-4253.

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11450 E Utopia Avenue Mesa, AZ 85212

$599,990
4 Beds
3.5 Baths
2,800 SqFt
Status Active
MLS # 6785998
Property Type Single Family Residence
Price Type --
''Welcome to this stunning 4 bedroom, 3.5 bathroom home with 2 dens located in the East Valley's newest community, Destination at Gateway! Step into the spacious home with 10-foot ceilings, adorned with elegant 8-foot interior doors and 4 1/4 inch baseboards. The home boasts 6 x 36'''' wood look tile in main areas, exuding a sense of luxury and warmth. Prepare exquisite meals in the gourmet kitchen, featuring a 36-inch gas cooktop and canopy hood, complemented by beautiful 42-inch white shaker cabinets with cabinet hardware. The kitchen dazzles with quartz countertops, a stylish kitchen backsplash, an Undermount sink, and a sleek matte black faucet. The bedrooms offer a peaceful retreat, while the bathrooms showcase upgraded lights and elegant matte black faucets. This home is a testament to modern elegance and attention to detail, offering a harmonious blend of style and functionality.

2220 W Chisum Trail Phoenix, AZ 85085

$599,990
3 Beds
2.5 Baths
1,846 SqFt
Status Active
MLS # 6786825
Property Type Single Family Residence
Price Type --
Located across from Heirloom Park, welcome to this beautifully designed Papago plan, offering 1,846 square feet of luxurious living space. With its charming Craftsman exterior elevation and inviting covered entry paved with elegant pavers, this home is designed for both style and comfort. The heart of this home is the stunning kitchen, featuring stainless steel GE Cafe appliances which compliment the white painted shaker cabinetry on perimeter and on the kitchen island. All is accented by stylish champagne bronze cabinet hardware which perfectly complements the 42'' upper cabinets and 3'' crown molding. Enjoy the beauty of Hana Sky colored Della Terra Pilar countertops, and a contemporary white mosaic backsplash. The large single basin stainless steel sink, paired with a Moen Align matte black 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 matte black premium 8 widespread faucets. Upgraded Meridian brass vanity lights illuminate your space. The Dal Tile Vicinity 6x36 Natural wood look tile flows seamlessly throughout the downstairs and into bath 2 and the laundry room upstairs. The primary bathroom showcases exquisite Paros Whie Hex 14x16 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 matte black 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 and electric car charger package 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! 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.

2991 N 200th Drive Buckeye, AZ 85396

$599,990
4 Beds
3 Baths
2,598 SqFt
Status Active
MLS # 6783432
Property Type Single Family Residence
Price Type --
Ask about special financing with preferred lender. This single-level home features an attached private suite with its own entrance, living room, kitchenette, bedroom, bathroom and garage. The main home offers a den off the foyer, an open living area and two bedrooms, including the lavish owner's suite with a spa-inspired bathroom and walk-in closet. Photos are renderings of a model home, not the actual home. A public report is available on the Arizona Department of Real Estate website.

3035 W Thurman Drive Laveen, AZ 85339

$599,990
4 Beds
2.5 Baths
2,628 SqFt
Status Active
MLS # 6742953
Property Type Single Family Residence
Price Type --
This beautifully upgraded single-story home offers 9-ft. ceilings and an open concept, split floor plan. The modern kitchen features 42-in. upper cabinets, a large center island with pendant light pre-wiring and sleek quartz countertops, a walk-in pantry, and Whirlpool® appliances - including built-in microwave, electric range, and French-door refrigerator. You'll find stunning vinyl plank flooring throughout common areas and plush carpet in the bedrooms. The private primary suite includes an oversized closet, and the primary bath boasts a walk-in shower, dual-sink vanity with modern square sinks, and an enclosed water closet. This home also includes a 40-gal. gas water heater and A/C unit with Wi-Fi-connected ecobee smart thermostat.

7617 W Smoketree Drive Peoria, AZ 85383

$599,990
3 Beds
2.5 Baths
1,953 SqFt
Status Active
MLS # 6751349
Property Type Single Family Residence
Price Type --
Brand new community in North Peoria! This stunning single story home offers 1,953 sq ft of functional living space. It features 3 bedrooms, 2.5 bathrooms, den, and a 2 car garage. The open concept kitchen is perfect for entertaining and features an Island, a walk-in pantry and stainless steel appliances. It also offers our Harmony Palette which includes gray painted 42'' cabinets, slate gray quartz kitchen countertops, 4x8 kitchen backsplash, and 6x24 wood looking plank tile in all the common areas. The great room offers a 4-panel center sliding glass door so you can step out into your covered patio to enjoy indoor/outdoor living in your backyard with friends and family. The primary suite has a spacious walk-in closet, double sinks, walk-in shower, and an additional linen closet for extra storage. This home also features a paver driveway, 8 foot interior doors, soft water loop and much more! Great location close to dining, freeways, parks, and entertainment!

31953 N 117th Avenue Peoria, AZ 85383

$599,990
3 Beds
2 Baths
1,921 SqFt
Status Active
MLS # 6755502
Property Type Single Family Residence
Price Type --
It's the beautiful Clover in the beautiful community of Mystic. 3 bedrooms + flex space to use as you wish. Multi slide door that leads out to the covered patio. Large walk-in shower at owner's bath with tile. Stainless steel gas appliance package with 36'' cooktop, wall oven, microwave, glass canopy hood. Barnett Maple Latte cabinets with 42'' kitchen uppers, pull out trash drawer. AZT Ripieno quartz countertops in kitchen and both baths. Mohawk REV wood laminate Casita court in all areas except beds/closets. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop. PICTURES ARE FROM THE CLOVER MODEL HOME.

16355 W Desert Mirage Drive Surprise, AZ 85388

$599,990
4 Beds
3 Baths
2,623 SqFt
Status Active
MLS # 6710584
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN HOME! MOVE INTO YOUR NEW HOME BEFORE THE HOLIDAYS! SPECIAL FINANCING WITH BELOW MARKET INTEREST RATES AVAILABLE! MOVE-IN PACKAGES AVAILABLE! PLEASE INQUIRE ABOUT THESE SPECIALS ON THIS QUICK MOVE-IN HOME AND OTHERS. ACT SOON BEFORE IT IS TOO LATE! It's the Topaz - with 4 bedrooms + study and 3 full baths. Multi slide door that leads out to the extended covered patio. Pavers at drive, walk and entry. Stainless steel gas appliance with 30'' built in cooktop and wall oven. Tahoe Maple Boulder cabinets with 42'' kitchen uppers and a pull out trash drawer. AZT Hana Sky quartz countertops in kitchen with stainless steel under mount single bowl sink. 8' tall interior doors. Upgrade flooring includes DT Broxburn Gray 6x24 plank tile in all areas of the home except bedrooms and closets. 5'' base boards and 3 1/4'' door casings throughout. 8' tall garage door for those high profile vehicles with garage door opener and much more. Please verify all information with onsite agent. Thank you!

16411 W Desert Mirage Drive Surprise, AZ 85388

$599,990
3 Beds
2.5 Baths
2,224 SqFt
Status Active
MLS # 6784447
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN HOME! MOVE INTO YOUR NEW HOME BEFORE THE HOLIDAYS! SPECIAL FINANCING WITH BELOW MARKET INTEREST RATES AVAILABLE! MOVE-IN PACKAGES AVAILABLE! PLEASE INQUIRE ABOUT THESE SPECIALS ON THIS QUICK MOVE-IN HOME AND OTHERS. ACT SOON BEFORE IT IS TOO LATE! Crimson floor plan with 3 bedrooms, 2.5 baths and a 3 car garage. North/South exposure and no two story homes on either side and landscaped behind. Barnett maple boulder -gray cabinets with 42'' kitchen uppers. AZT Hana Sky quartz countertops in kitchen and both full baths. EMS 2x6 tiled backsplash in kitchen. Stainless steel gas appliance package with a 30'' cooktop and wall oven for the cook in the family. 5'' base boards and 3 1 /4'' door casings throughout the home. Upgrade flooring includes DT Broxburn gray 6x24 plank tile in all areas of the home except for bedrooms and closets. Interior two tone paint ''Whiskers'' and so much more. Please verify all information with onsite agent. Thank you!

1471 W Saddle Run Apache Junction, AZ 85120

$599,990
5 Beds
3.5 Baths
3,027 SqFt
Status Active
MLS # 6750829
Property Type Single Family Residence
Price Type --
Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 2% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. The Prato floor plan is an elegant two-story home featuring five bedrooms, an upstairs loft, and a spacious flex area perfect for an office, TV room, or study. Complete with front yard landscaping, this home will be ready for occupancy by October or November. It is conveniently located near community parks, grocery stores, and restaurants.

2451 W Rowel Road Phoenix, AZ 85085

$599,990
3 Beds
2.5 Baths
1,964 SqFt
Status Active
MLS # 6782097
Property Type Single Family Residence
Price Type --
Welcome to your NEW HOME at Aster in Union Park! This home offers 1,964 sq ft of living space with 3 bedrooms, 2.5 bathrooms, and a 2-car garage. The primary bedroom has dual walk-in closets and a private deck. The Design features are the Enhanced C package of upgrades including 42'' stone gray cabinets, quartz countertop, custom backsplash, large island, stainless steel gas range and tile flooring. HOA includes Union Park Amenities, front yard landscaping & maintenance along with concierge trash pickup. Union Park residents will enjoy amenities that include, resort styled pool and lounge areas, a 5800 sq ft clubhouse, pickleball courts, basketball courts, 11 parks, playgrounds and walking paths. Easy access to 3 freeways within 10 minutes and 25 minutes to Airport.

5831 E Rose Garden Lane Phoenix, AZ 85054

$599,990 - 3Br/3Ba -  for Sale in Desert Ridge Superblock 1 Southwest Phase 3, Phoenix
Open House
$599,990
3 Beds
2.5 Baths
1,743 SqFt
Status Active
MLS # 6725515
Property Type Townhouse
Price Type --
IGNORE DAYS ON MARKET HOMES ARE ALMOST DONE PICTURES COMING SOON! Like the beaches in Hawaii, this home will ruin all other homes for you with how gorgeous it is. With no neighbors behind and a North/South facing orientation you will be able to enjoy the beautiful sunrises and sunsets every day. But let's not forget about the interior! 3 bedrooms and 2.5 baths with a spacious loft upstairs makes this house a home!! Quartz countertops, white cabinets and wood-like flooring only add to its allure. This home is estimated to be completed in September so do not hesitate! Actual Home photos coming soon

6765 W Molly Lane Peoria, AZ 85383

$599,990 - 3Br/3Ba -  for Sale in Aloravita North Phase 3 Parcel 10, Peoria
Open House
$599,990
3 Beds
2.5 Baths
2,051 SqFt
Status Active
MLS # 6773969
Property Type Single Family Residence
Price Type --
North/South Exposure with scenic views! 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 White 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, Desert Backyard Landscaping and Smart Home Technology. Home is now complete and ready to call home, photos of actual home!

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