4 Things You Absolutely Should Not Do After You Apply for a Mortgage

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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3864 E Fruitvale Avenue Gilbert, AZ 85297

$500,000

3 Beds

2 Baths

1,692 SqFt

Status Active

MLS # 6666977

Property Type Single Family Residence

Price Type --

This lovely single story home features 3 bedrooms and 2 full baths with an additional den (including a closet!) that could easily be converted into a 4th bedroom. The home is located in the quiet community of Coronado Ranch with beautiful tree-lined streets, affordable HOA fees, and close proximity to Gilbert Regional Park. Coronado Ranch is a ''buy and hold'' community and homes like this don't come up on the market often especially at this price. With the right offer, the seller will also include the washer, dryer, and refrigerator. Come see this gem for yourself!

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7606 S Lone Pine Place Gold Canyon, AZ 85118

$500,000

3 Beds

2.5 Baths

1,776 SqFt

Status Active

MLS # 6668598

Property Type Single Family Residence

Price Type --

Beautiful 3 Bedroom, 2.5 Bath Home in PERALTA Canyon**This well cared for home shows like a model home backing up to the desert & no home in front of you. As you enter in thru the custom iron security door, the home has 9' ceilings and a beautiful entry to display your art. Open Kitchen & Great Room w/ multi-sliding door to ENJOY the AZ Weather & Sunsets. Kitchen has white Shaker cabinets, quartz counter tops, gas range, stainless steel appliances & pantry. Primary Bedroom has walk in closet & beautiful En-suite w/ dual sinks, large shower & separate toilet room. Home also features crown molding, plank tile floors t/o, soft water system, tankless hot water, 3 car garage, expoxy garage floors, extended patio, view fencing, gas stub for BBQ grill plus much more! Hurry before this home is go

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17398 W Superior Avenue Goodyear, AZ 85338

$500,000

4 Beds

2.5 Baths

2,525 SqFt

Status Active

MLS # 6669321

Property Type Single Family Residence

Price Type --

Gorgeous single-story home with a pool, view fence, 3-car tandem garage and solar! This floor plan creates an open living concept, with a large living room tying into a gourmet eat-in kitchen with double wall ovens, granite countertops, a farmhouse sink and gas stove. The primary bedroom features an en-suite bathroom with a large soaking tub, separate shower and dual sinks. There are also 3 additional bedrooms, a den, full bathroom with tub/shower, as well as a half bath for the main living area, or your guests. Close proximity to shopping, dining, schools, freeway access and more!

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3809 W Misty Willow Lane Glendale, AZ 85310

$500,000

3 Beds

2.5 Baths

1,818 SqFt

Status Active

MLS # 6683177

Property Type Single Family Residence

Price Type --

Location, location, come expecting and be amazed! Starting with gorgeous curb appeal, lush grass, curbing, and mature landscaping. Upon entering the living room, you'll be in awe with the huge, vaulted ceilings, new carpet, custom paint, wood shutters & updated lighting. To the open kitchen, you'll see new cabinets, granite counter tops, granite sink, plus updated black stainless appliances. You'll love the inviting family room with a built-in fireplace and a custom glass slider to view the enormous backyard & extended covered patio set up for entertaining. The oversized owner's suite has vaulted ceilings, a walk-in closet, dual sinks, & remodeled shower. This home has a full 3 car garage, loads of storage space, new roof underlayment 2022, with solar purchase assumable, Come & see today!

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606 S Fountaine Street Flagstaff, AZ 86001

$500,000

2 Beds

1 Bath

1,150 SqFt

Status Active

MLS # 6688896

Property Type Single Family Residence

Price Type --

This charming fixer-upper with endless potential, sold ''AS IS'' for your creative vision to flourish right next to Northern Arizona University. This come has a comfortable living space that would be ideal for students or professionals. Don't miss out on this great opportunity.

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3761 E Thornton Avenue Gilbert, AZ 85297

$500,000

4 Beds

2 Baths

1,647 SqFt

Status Active

MLS # 6688799

Property Type Single Family Residence

Price Type --

Rare opportunity to own in Coronado Ranch. Located in 85297 near Gilbert Regional Park, this 4 bed 2 bath 1647 sqft home has vaulted ceiling and spacious back yard, great for gardening and entertaining. Neighborhood is family friendly, has two parks, and a splash pad. Built in 2001 this home has only had 2 owners. Grocery, gas, pharmacy, and other shopping all within 1-2 miles. In 2023 Higley Unified School District rated ''A'' by AZ Dept of Education. Owner/agent listing Home is being sold AS-IS.

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1920 N 140th Avenue Goodyear, AZ 85395

$500,000

3 Beds

2 Baths

1,931 SqFt

Status Active

MLS # 6691390

Property Type Single Family Residence

Price Type --

Elegant, Modern & Energy Efficient. 2021 New, 1 Level, 3 Bed, 2 Bath, 2 Car Garage home with over $50K in builder upgrades! Located a mile north of i10, in the 'The Vistas' a exclusive, gated community of Palm Valley, in the A+ Agua Fria School District of Millennium High & Great Hearts, this open-floor plan home is designed around an amazing kitchen overlooking the Dinning-Great Room with 2 large sliding glass doors theres an abundance of bright, cheery natural light! Relax & unwind in your private backyard under the cover patio or have fun enjoying your beatiful community pool & grilling area, which this home butts up to! (Yes, this home has one of the best lot locations in The Vistas!). A tankless hot water heater and water softener are included with this must see home.

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1914 N 140th Avenue Goodyear, AZ 85395

$500,000

3 Beds

2.5 Baths

1,983 SqFt

Status Active

MLS # 6691426

Property Type Townhouse

Price Type --

Elegant, Modern, Energy-Efficient, 2021 New, 1 Level, 3 Bed, 3 Bath (2.5), 2 Car Garage home with over $50K in builder upgrades! Located 1 mile N. of i10, in 'The Vistas' a exclusive gated community of Palm Valley'. Top Rated Schools, Great Hearts Charter & Millennium High, shopping, dining, and golf. This open floor plan home is designed around an amazing kitchen overlooking the Dinning-Great Rooms with 3 Lr sliding glass doors theres an abundance of bright, cheery natural light! Relax in your private backyard under the cover patio or have fun in your beatiful community pool & grilling area, which this home butts up to! Yes, this home does has one of the best lot locations in The Vistas! Tankless hot water heater & water softener are included in this must see home!

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1924 E Monte Vista Road Phoenix, AZ 85006

$500,000

2 Beds

2 Baths

1,089 SqFt

Status Active

MLS # 6693409

Property Type Single Family Residence

Price Type --

In 1935, amidst the dust storms and Great Depression, one resilient home emerged from the arid landscapes of the American Southwest: the Adobe Home. Step into the timeless allure of Southwest living with this captivating Adobe Home, a masterpiece of rustic elegance nestled in the heart of Downtown Phoenix. Built in 1935, this meticulously maintained residence seamlessly blends historic charm with modern comfort. The thoughtfully designed floor plan encompasses 2 bedrooms and 2 bathrooms, providing ample space for relaxation and entertaining. The kitchen, adorned with hand-painted cabinets and equipped with modern appliances. Perfect for culinary adventures inspired by the flavors of the Southwest. Don't miss your chance to own a piece of history in this iconic Adobe Home.

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62 Tanager Lane Sedona, AZ 86336

$500,000

2 Beds

2 Baths

1,239 SqFt

Status Active

MLS # 6623000

Property Type Apartment

Price Type --

Here's a chance to enjoy worry-free living in Sedona! This ground-floor condo is close to Sunset Park and hiking trails, making it a haven for outdoor enthusiasts. The open layout includes an upgraded kitchen with high-end maple cabinets, granite countertops, and a tile backsplash. With remodeled bathrooms, a new electric Heat Pump & AC, and luxury vinyl plank flooring, you can move in without the expense and challenge of dealing with contractors. Step onto your open patio to enjoy the scenery while you grill up dinner and kick back and relax, or head to the community pool and clubhouse for socializing in your new community!

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11229 S Tomah Street Phoenix, AZ 85044

Open House

$500,000

2 Beds

2 Baths

1,716 SqFt

Status Active

MLS # 6683790

Property Type Single Family Residence

Price Type --

Beautifully remodeled home w/pool on a golf course! Spacious living room w/large windows provide views out to the covered patio, pool & golf course. Plus an area for a piano, office or formal dining. Remodeled kitchen w/granite counters, breakfast bar open to casual living space (or dining room) w/fireplace .Coffee bar/drop zone & large laundry room. The primary bedroom has 2 large closets, vanity area, & separate shower/toilet area & door to the patio. The 2nd bedroom w/door to the 2nd bath. The backyard w/low maintenance landscape, irrigation, covered patio, pool Plantation shutters, newer roof, AC, water heater, 2 car garage w/built in storage, 55+ community w/plenty of activities. Close to Ahwatukee rec center w/indoor/outdoor pool, clubhouse, pickle ball, exercise facility +more.

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11807 S 53rd Drive Laveen, AZ 85339

Open House

$500,000

4 Beds

3 Baths

1,970 SqFt

Status Active

MLS # 6694215

Property Type Single Family Residence

Price Type --

Assumable existing loan possible under $2.4% for qualified buyers! WOW! 4 bedrooms, 3 full bath, 3 car garage, built in 2020 Taylor Morrison Beauty with no neighbor behind! Owner added so many upgrades to builder standard home, added tile floor in master bedroom and front bedroom, tankless water heater, soft water, pavers, RV gates, 3 hole putting green, service door out from garage, upgraded granite and cabinets. Surround sound and holiday package and a security door was added. Home also comes with custom sunscreeens and has a huge walk-in pantry! This is a must see!!

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