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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1061 S Annie Lane Gilbert, AZ 85296

$505,000
3 Beds
2.5 Baths
1,982 SqFt
Status Active
MLS # 6692061
Property Type Single Family Residence
Price Type --
Charming 3 bed/ 2.5 bath home in the popular Gilbert location of Cooley Station North. 1,982 sq ft, functional floor plan with an open concept kitchen; ample counter space, cabinets, RO drinking water system, a large pantry & a window over the sink facing the front yard. Main living space is well-designed with a four panel sliding glass door providing abundant natural light and a seamless transition of indoor/outdoor living & entertaining. Double door entrance into the primary suite featuring a gorgeous bathroom including oversized shower, standalone tub, dual sinks & a spacious closet. Also upstairs is the laundry room & additional two bedrooms with room in between for a small home office. The best of low maintenance living in a vibrant community with tons of amenities at a great value. Resort style heated pool, spa, ramadas & BBQ grills, greenbelts & a basketball court just a 2 min walk away. Come check out this fantastic community with convenient access to shopping, dining, entertaining, award winning schools & a 2 min drive to the 202 freeway.

8023 S 42nd Drive Laveen, AZ 85339

$505,000
4 Beds
2.5 Baths
2,522 SqFt
Status Active
MLS # 6700120
Property Type Single Family Residence
Price Type --
A beautiful ranch-style home with stone accents, desert landscape, & a 3-car tandem garage is awaiting its new owner! Inviting hallway leads to the open floor plan offering patio access and a sizeable living room. Tray ceilings, stylish tile flooring, plantation shutters, and a formal dining room w/a lovely chandelier are features you'll love. Stunning kitchen is equipped w/recessed lighting, black SS appliances, granite counters, a mosaic tile backsplash, a breakfast nook, a large island w/a breakfast bar, and handsome wood cabinets w/crown molding. Oversized main retreat enjoys an immaculate ensuite with two vanities. Amazing backyard displays an enclosed covered patio w/multi-sliders, a huge gazebo, pavers, artificial turf, a storage shed, & incredible mountain views! Call today!

4077 S Sabrina Drive Chandler, AZ 85248

$505,000
3 Beds
2.5 Baths
1,496 SqFt
Status Active
MLS # 6704184
Property Type Townhouse
Price Type --
Savor modern luxury at Chandler's prestigious Echelon at Ocotillo. This gated, turnkey, lock & leave has an efficient layout with abundant natural light & sleek contemporary stone flooring. Captivating waterfront views from the chef's kitchen, great room & master suite. Relax on the patio oasis, amid lush landscaping & serene water views. Dive into heated pools, unwind in the spa, & enjoy tennis and pickleball courts steps away from scenic walking paths. Convenient to nearby shopping, dining, & downtown Ocotillo's vibrant social scene. Enjoy effortless commuting around metro Phoenix with quick access to major freeways. Recent updates to this turnkey gem, including frameless glass shower, epoxied garage floor, and insta-hot tankless water heater/softener, elevate your living experience.

4608 E Desert Drive Phoenix, AZ 85044

$505,000
2 Beds
2 Baths
1,596 SqFt
Status Active
MLS # 6645498
Property Type Townhouse
Price Type --
Single level Garden Home in the Pointe South Mountain. Situtated in back of the community on a cul-de-sac. Home features 2 bedroom split for plan with a den/office. Both bedrooms have walk in closets. Both bathrooms updated. Flooring is 16x16 Travertine in all main living areas and carpet in bedrooms. Fireplace has been converted to gas. Relax in the spacious outdoor patio area with views of south mountain. Pointe community features 4 pools, 2 of them are heated. Walking path to South Mountain just steps away.

7256 W Park Street Laveen, AZ 85339

$505,000
4 Beds
3 Baths
2,833 SqFt
Status Active
MLS # 6678382
Property Type Single Family Residence
Price Type --
IS A 13,992 SQUARE FOOT LOT big enough for you? And YES it has an RV GATE . 4 Bedrooms 3 bathrooms and a 3 Car Garage. Nice loft space for upstairs living. MASTER BEDROOM is on the first floor and it has a GINORMOUS walk-in closet. Master Bathroom has TWO sinks and SEPARATE tub and shower. Also a second bedroom on 1st floor. KITCHEN has large sit-down ISLAND, Tile floor, PENDANT LIGHTS, STAINLESS STEEL APPLIANCES and custom tile backsplash. YES the house has SOLAR. AND YES the SOLAR will be PAID OFF at close of escrow. & YES we are ready for your offer today!

6547 E Sierra Morena Street Mesa, AZ 85215

$505,000
3 Beds
2 Baths
1,618 SqFt
Status Active
MLS # 6684384
Property Type Single Family Residence
Price Type --
Welcome home to a one of a kind real southwestern home where the outdoors has been brought inside to help you feel close to nature indoors while being surrounded by nature in the east valley. Located in prestigious Red Mountain Ranch, home to parks, lakes, a restaurant, and for an additional fee a membership to the clubhouse, swimming pool, tennis courts, and a Pete Dye designed 18 hole championship golf course! The current owner's upgrades to this home can now be enjoyed by you for years to come. Experience a charming rustic custom interior with colors that provide a relaxing environment, reclaimed barnwood wainscoting for a cabinesque feel, tiled walls and showers, real stone backsplash walls in the kitchen, ceilings bordered with wood for an outdoorsy feel, lots of windows that provide natural lighting, upgraded wood-grain porcelain floors plus bamboo flooring in the master bedroom, sliding barn door in the master bathroom, and 12 foot tall ceilings that make every room feel extra spacious. Enjoy homemade meals in your country kitchen with beautiful granite countertops and room for an herb garden in your big bay window. Feel like a rodeo king and queen in your gorgeous master bathroom and your buckaroos will feel pampered in their bathroom with colorful tiled walls, shower, and countertop. There is even porcelain tile on the front and back porches making a beautiful setting for entertaining guests. So much storage in the garage cabinets, attic, wood-enclosed areas, pantry, and 2 sheds! The 10x20 shed is large enough to become your workshop, game room, man cave, or she shed. Plus enjoy 3 bedrooms And an office! The floor plan includes 2 living areas offering flexible uses. A whole home water softener makes housekeeping easy. And a reverse osmosis water filtration system in the kitchen provides healthy, good-tasting water conveniently. The back yard has room for fruit trees and a garden. Sunscreens on bedroom and master bathroom windows helps the summers to be more comfortable. You will love being in a picturesque area near mountains, hiking trails, off-road trails, the Salt River, and lakes with the convenience of being near the freeway for easy access to all the Phoenix valley has to offer. And the Beeline highway is nearby also - travel north for a change of scenery and exploration. Come see why people love living in the east valley that offers a rural feel while being close to amenities. Watch a video on youtube: search for Rustic custom Red Mountain Ranch home. On zillow under Facts & Features click on View Virtual Tour.

1231 E Helena Drive Phoenix, AZ 85022

$505,000
3 Beds
2.5 Baths
1,852 SqFt
Status Active
MLS # 6684833
Property Type Single Family Residence
Price Type --
Beautifully maintained low maintenance home including backyard turf in great location - Conveniently located within minutes to SR101, SR51 and I-17 for easy access around town - Upgraded cabinets with child locks, granite, tile backsplash - loads of storage - inside laundry room with cabinets and pantry - extensive tile throughout except stairs and bedrooms - large loft perfect for home office, gym, playroom, etc - Views of Lookout Mountain from the primary bedroom - No neighbors behind you - backs greenbelt - Oversize extended garage with overhead racks - Schools, shopping, parks, golf, hiking within minutes - Desert Ridge and Norterra just minutes away - Best of All -* WE HAVE OWNED SOLAR* - No qualifying or pymt required - Low utility bills for the summer heat! Call with questions! Seller will payoff solar at closing with full price offer. Seller installed solar in summer 2020. 25 panels in total.

1628 E Villa Theresa Drive Phoenix, AZ 85022

$505,000
3 Beds
2.5 Baths
1,846 SqFt
Status Active
MLS # 6688566
Property Type Single Family Residence
Price Type --
This amazing 3 bedroom, 2.5 bath home, 2-car garage offers stunning mountain views that will take your breath away. As you step inside, you'll be greeted by beautiful slate floors and a cozy fireplace, perfect for those chilly evenings. The vaulted ceilings add a sense of grandeur, while the formal dining area is ideal for entertaining guests. The kitchen is a chef's dream, featuring stainless steel appliances, granite counters and backsplash, a convenient breakfast bar, and ample oak cabinets for all your storage needs. The bedrooms are spacious and comfortable, with the main bathroom boasting double sinks, a separate shower and tub, and a large walk-in closet. Washer/dryer included. Located in Paradise Valley School District, close to shopping, dining, hospitals, and freeway access!

3401 W Crocus Drive Phoenix, AZ 85053

$505,000
4 Beds
2 Baths
2,110 SqFt
Status Active
MLS # 6691161
Property Type Single Family Residence
Price Type --
Seller offering $10K in buyer concessions. This charming, energy-efficient residence in a great Phoenix location. Providing 4 beds, 2 baths, RV gate, low-care landscape, & a 2-car garage w/carport extension. Inviting interior showcases a designer palette, recessed lighting, and tasteful flooring - plush carpet & tile t/out. You'll love the formal living room and a separate dining/family room w/a fireplace & French doors to the back! The kitchen boasts SS appliances, quartz counters, white shaker cabinetry, & a breakfast bar. Main bedroom has a walk-in closet & a private bathroom for added ease. Moving outdoors, the entertainer's backyard awaits! With a covered patio, artificial turf, & a sparkling diving pool w/ upgraded pool equipment. This space promises year-round enjoyment!!!

2059 E Adobe Street Mesa, AZ 85213

$505,000
3 Beds
3 Baths
1,620 SqFt
Status Active
MLS # 6693344
Property Type Single Family Residence
Price Type --
Complete remodel! 3 Bed 3 bathroom home in Mesa Arizona. This lovely property features a 2-car garage, a convenient RV gate, tasteful stone accents, and a welcoming porch with charming trellis. Discover a lovely living room with vaulted ceilings, a neutral palette, and wood-look flooring. Enjoy the great room with stone-clad fireplace for cozy evenings. The kitchen comes with quartz counters, pristine white shaker cabinets, black stainless steel appliances, and a peninsula with a breakfast bar for casual dining. The master bedroom offers plush carpeting, sliding door access to the backyard, walk-in closet, and private bathroom. Venture outside to the backyard that boasts a big covered patio and a perfect canvas for your dream oasis, offering endless potential for personalized landscaping.

444 E Vesper Trail Queen Creek, AZ 85140

$505,000
2 Beds
2 Baths
1,433 SqFt
Status Active
MLS # 6699188
Property Type Single Family Residence
Price Type --
The community is nestled near the San Tan Mountains, providing beautiful views and a tranquil environment just about 45 minutes from downtown Phoenix and Scottsdale. Encanterra offers extensive amenities that cater to a luxurious and active lifestyle. These include two clubhouses, multiple dining options, state-of-the-art fitness centers, tennis and pickleball courts, and an 18-hole championship golf course. There's also a full-service spa named Alvea Spa, which has been recognized as one of the best in the area. For social activities, the community offers various clubs, events, and classes. With no rear neighbors the home offers great privacy with and extended 15 foot lush backyard with a pergola, sun shades and a fire pit to enjoy the outdoor living. Home has owned solar.

624 E Piping Rock Road Phoenix, AZ 85022

$505,000 - 2Br/2Ba -  for Sale in Hillcrest 8, Phoenix
Open House
$505,000
2 Beds
2 Baths
1,340 SqFt
Status Active
MLS # 6698499
Property Type Single Family Residence
Price Type --
Beautifully renovated single-level home in Hillcrest is ready for its new owner! Centrally located in beautiful Moon Valley. Entering through your private courtyard to the newly updated home of your dreams! The kitchen boasts new stainless steal appliances, quartz countertops, and updated flooring throughout. Step into your master retreat with new vanity, tile shower and 2 master closets!

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