If 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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5025 W Desert Cove Avenue Glendale, AZ 85304
$503,900
3
Beds
2
Baths
1,772
SqFt
Status
Active
MLS #
6668886
Property Type
Single Family Residence
Price Type
--
''Welcome to Your Spacious Oasis in Established Glendale Neighborhood!'' Discover the allure of this spacious and beautiful home nestled in a well-established Glendale neighborhood. Boasting 3 bedrooms and 2 bathrooms, this residence offers ample living space with large living, dining, and family rooms. Step inside to find a home adorned with all-tile flooring throughout the main living areas, creating a seamless flow and easy maintenance. The heart of the home is the great kitchen, featuring an island, granite countertops, and stainless steel appliances - perfect for culinary adventures and entertaining guests. Outside, the backyard beckons with a covered patio and a sparkling pool, offering a private retreat for relaxation and enjoyment. This home is conveniently located within close proximity to schools, dining, shopping, entertainment, and major highways, providing easy access to all the amenities the area has to offer. Don't miss the opportunity to make this your new home sweet home! Embark on the next chapter of your life in this inviting oasis.
7413 W Gardenia Avenue Glendale, AZ 85303
$503,652
5
Beds
3
Baths
2,465
SqFt
Status
Active
MLS #
6696005
Property Type
Single Family Residence
Price Type
--
Welcome to Alto by K. Hovnanian Homes, this popular Tenor floorplan includes an upgraded 5 bedroom and full bath on the first floor. The kitchen is beautifully appointed with Meridian Grey Quartz counters, White recessed panel Cabinets and GE Stainless-steel appliances. The great room is ideal for relaxing and entertaining. Upstairs includes a large loft with 2 additional bedroom and the Primary Suite. This amazing home will be ready for an August 2024 Move-in! ^^^Up to 4% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply. ***Prices subject to change, photos may be of a model home or virtually staged, actual home will vary.
25635 N 185th Drive Surprise, AZ 85387
$502,995
3
Beds
2
Baths
1,690
SqFt
Status
Active
MLS #
6672296
Property Type
Single Family Residence
Price Type
--
Explore this elegant Bronze home, ready for Summer move-in! Included features: a generous great room with center-meet doors leading onto an inviting covered patio; a dining area; an impressive kitchen showcasing 42'' cabinets, quartz countertops, a center island, a walk-in pantry and stainless-steel appliances, including a gas range; two secondary bedrooms with a shared bath; and a lavish primary suite boasting an oversized walk-in closet and a private bath with double sinks. This home also offers 6'' x 35'' stone tile flooring, cultured marble bathroom countertops, ceiling fan prewiring, front yard landscaping and a concrete-paver driveway and walkway
16802 W Desert Mirage Drive Surprise, AZ 85388
$502,935
4
Beds
3
Baths
2,358
SqFt
Status
Active
MLS #
6702505
Property Type
Single Family Residence
Price Type
--
Up to 2% of total purchase price towards closing costs incentive offer. Additional eligibility and limited time restrictions apply. MLS#6702505 September Completion! The Paisley at Paradisi Discovery offers a two-story layout spanning 2,358 square feet, complete with 4 beds, 3 baths, a 2-car garage, and a loft. This stunning home features a first-floor bedroom, ensuring privacy and convenience for guests. The expansive open gathering room, casual dining, and kitchen area with quartz countertops create a spacious environment, complemented by an adjacent outdoor living area for seamless indoor/outdoor living. Upstairs, the loft provides versatility as a play area, study, or secondary living space. The owner's suite boasts a walk-in closet and double sinks, adding a touch of luxury.
27079 N 167th Drive Surprise, AZ 85387
$502,801
5
Beds
4
Baths
2,531
SqFt
Status
Active
MLS #
6699666
Property Type
Single Family Residence
Price Type
--
Can't find what you want on the resale market, look no further. This spacious 5 bedroom, 4 bathroom home, featuring an office space, open concept living and dinning room area with beautiful site line views backing the Sonora desert !! If your looking for a tech equipped, spacious, beautifully finished single story home offering 2 non primary rooms that have en suites and a work space this is the home for you !!
4482 W Mountain Laurel Drive San Tan Valley, AZ 85144
$502,565
3
Beds
2
Baths
2,000
SqFt
Status
Active
MLS #
6688553
Property Type
Single Family Residence
Price Type
--
This gorgeous Ginger plan is estimated to complete in July. It is surrounded by other single level homes offering ample privacy. The north south exposure highlights the mountain views. This home has been fully loaded with all of the most popular options and upgrades; white shaker cabinets, natural wood-look tile, custom backsplash, matte black plumbing fixtures, and beautiful granite countertops.
16861 W Fetlock Trail Surprise, AZ 85387
$502,396
4
Beds
3
Baths
2,644
SqFt
Status
Active
MLS #
6700364
Property Type
Single Family Residence
Price Type
--
Can't find what you want on the resale market, look no further. This 4 bed, 3 bath home features a 3 car garage split, loft space, 1 bedroom and bathroom downstairs, a beautiful gourmet kitchen, a study with double doors, perfect for an office and or work space ! And huge backyard ! This house is ready to become your HOME !
207 S Beaver Street Flagstaff, AZ 86001
$502,260
1
Bed
1
Bath
800
SqFt
Status
Active
MLS #
6632520
Property Type
Apartment
Price Type
--
DON'T MISS THIS OPPORTUNITY! This 1-Bedroom Condo has a covered patio's, and is Move-in-ready! This 5-story community was tastefully designed to accentuate the views off each deck of the 32 luxury units! Living the high life at 7000' feet is a breeze at The Views at Butler, just a step from Northern Arizona University & the nightlife in downtown. Watch the sunset reflect off the San Francisco Peaks while BBQ'ing on the oversized Roof-Top View Deck & lounge area. Convenience & ease are built into the community w key fob elevator, a trash shoot on every level & standard A/C. Beyond the aesthetic & downtown life vibe! Location, Convenience, Views & Community. It's the perfect home for you!
17332 W Corrine Drive Surprise, AZ 85388
$501,990
4
Beds
3
Baths
2,280
SqFt
Status
Active
MLS #
6687543
Property Type
Single Family Residence
Price Type
--
SELLER IS OFFERING CLOSING COST AND RATE BUYDOWN SPECIALS. This home is on a very deep lot! It is 4 bedrooms, 3 baths plus a loft and a 2-car garage on a large lot. The guest suite is located on the bottom floor and 3 bedrooms plus a loft on the second floor. This home has a beautiful kitchen with an island, Staggered upgraded cabinets, Upper-level Quartz countertops and stainless-steel appliances. The kitchen opens up perfectly to the great room and the covered patio. Master suite has a large bedroom, tiled master shower, large walk in closet and double sinks. All interior doors are 8'!
16745 W Cortez Street Surprise, AZ 85388
$501,251
4
Beds
3
Baths
2,140
SqFt
Status
Active
MLS #
6473905
Property Type
Single Family Residence
Price Type
--
Up to 3% of total purchase price towards closing costs incentive offer. Additional eligibility and limited time restrictions apply. MLS#6473905 December Completion! The Sterling offers a single-story design encompassing 2,140 sq. ft., 4 bedrooms, 3 bathrooms, and a 3-car tandem garage. Upon entering through the foyer, you encounter a seamless blend of an open-concept kitchen, casual dining, and gathering room—a perfect setting for entertaining. The outdoor living space enhances the overall livability, allowing you to relish the Arizona sunshine throughout the year. Structural options include: Additional bedroom, study, 8' Interior Doors, Garage Service Door.
1653 Middle Creek Lane Sierra Vista, AZ 85635
$501,051
3
Beds
2
Baths
1,804
SqFt
Status
Active
MLS #
6614413
Property Type
Single Family Residence
Price Type
--
New In-Town Community! 1804 sf, 3br/2ba home with 3-car garage on over 1/4 acre in-town lot and walking distance to stores & schools. Kitchen features Off-White painted cabinets with hardware and granite countertops throughout with under cabinet lighting, pendant lights over peninsula island. Bathrooms feature executive height cabinets, tile shower and bath surrounds. Wood look tile throughout with upgraded carpet and pad in the bedrooms. Primary suite has large walk-in closet and double sinks. Pre-wires and bracing for ceiling fans & wall mount tv, plumbed for soft water with fridge/freezer outlet in garage. Front yard irrigation with timer, wide rear patio with gas stub for future outside cooking. Energy Star Certified, HERS Rated & Environments for Living Guaranteed Home.
12206 W Levi Drive Avondale, AZ 85323
$500,813
5
Beds
3
Baths
2,648
SqFt
Status
Active
MLS #
6703068
Property Type
Single Family Residence
Price Type
--
*Agents, please read private remarks* Wonderful new Shea Home in the popular Master Planned Community known as Alamar. This beautiful home features 4 bedrooms, 3 bathrooms and an upstairs laundry room. Upgraded features include Quartz Countertops, Urban White Cabinets, Stainless Steel GAS Appliances, Designer Flooring, Garage Service Door and Front Yard Landscaping. Estimated completion is 30-45 days.