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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25905 N 53rd Drive Phoenix, AZ 85083
$495,000
4
Beds
2.5
Baths
2,297
SqFt
Status
Active
MLS #
6689570
Property Type
Single Family Residence
Price Type
--
Inspiration At Stetson Valley! Rare opportunity to live in this beautiful gated community 4 bedroom, office & 2.5 baths. Very well cared for home, with lots of upgrades- Kitchen has upgraded newer appliances, granite counter tops, beautiful new back splash, new shelving in the cabinets, new lighting, new fans, new apoxi garage flooring, exterior paint, paved patio with great location next to additional guest parking, end location, Mountain views all around, Formal dining room, Primary bedroom bath has a huge walk in closet, separate tub and shower- mountain views, Community offers heated pool& splash pads. Great access to soccer fields, dogs parks, hiking, bilking in the Sonoran desert. HOA covers the water, sewer, garbage collection front yard maintenance- hurry this home will not last updated stove, microwave and refrigerator
871 N Cheri Lynn Drive Chandler, AZ 85225
$495,000
3
Beds
2
Baths
1,835
SqFt
Status
Active
MLS #
6673667
Property Type
Single Family Residence
Price Type
--
This home has been brought back to full potential, NEW everything from a licensed general contractor! Absolutely gorgeous and completely remodeled 3 bedroom, 2 bathroom home on a very desirable Chandler corner lot with NO HOA! As you enter the home, you will find all new tile floors, neutral paint throughout, upgraded lighting, and an open concept perfect for entertaining. The kitchen boasts white quartz countertops with a large island and breakfast bar, new white cabinetry, and is open to both the dining and living room, perfect to fit all friends and family! The large master suite has an en-suite with new dual vanity and walk-in WetWall shower. The other two bedrooms share a hall bathroom with upgraded vanity. Step outside to the backyard, and you can enjoy the low maintenance yard from the covered patio which is perfect for entertaining in this Arizona weather! Do not forget to check out the laundry room AND spacious garage for your storage needs. Additional upgrades include: new plumbing, new electrical, new roof, new flooring, new lighting, new cabinetry, new landscaping, new paint (interior and exterior), new HVAC and water heater. Schedule today!
18333 N Kokopelli Court Surprise, AZ 85374
Open House
$495,000
2
Beds
2
Baths
2,021
SqFt
Status
Active
MLS #
6684060
Property Type
Single Family Residence
Price Type
--
Welcome to refined elegance in the sought-after active adult golf community of Sun City Grand, affectionately known as The Grand. Poised on a generous cul-de-sac lot, this impeccable home integrates luxurious living with the serenity of a private oasis. Spanning over 2000 sq ft, the residence reveals an open-concept design that exudes an inviting atmosphere ideal for both tranquil relaxation and spirited entertaining. Discover two well-appointed bedrooms complemented by a versatile den, perfect for crafting your secluded retreat or an engaging hobby space. Celebrate culinary excellence in the expansive island kitchen, offering a grand eating bar and commodious nook, designed to inspire your finest dining experiences. The living area, crowned with an airy ambiance and abundant natural light, flows seamlessly to the outdoors where an oversized patio offers a sublime setting amidst the fragrant allure of citrus trees and the tranquil whispers of nature. Recent enhancements include fresh paint indoors and out, newly installed appliances, and the timeless charm of engineered wood floors gracing the bedrooms and denno detail has been overlooked in curating a space of supreme comfort and style. The home benefits from a 2.5 car garage, providing ample space for vehicles and golf carts alike. This is more than a home; it's a gateway to an enviable lifestyle. Residents of The Grand are privy to an array of amenities including four championship golf courses, five swimming pools, and a diverse selection of clubs catering to nearly any interest imaginable. Seize this dream opportunity and transform the way you celebrate life's moments.
517 E Manhatton Drive Tempe, AZ 85282
Open House
$495,000
3
Beds
2
Baths
1,446
SqFt
Status
Active
MLS #
6646349
Property Type
Single Family Residence
Price Type
--
Step into modern comfort and style with this updated home that seamlessly combines sophistication and functionality. The open kitchen concept invites you to explore your culinary creativity while enjoying the glow of abundant natural light that fills the space. This solid block built single-story residence has three bedrooms and two bathrooms, offering convenience and a touch of luxury. The well-thought-out design extends beyond the kitchen, with separate living areas providing versatility for various activities and lifestyles. Situated in a prime location, the property not only offers a great place to call home but also the convenience of being in close proximity to parks, schools, shopping and the freeway. Additionally, the home is on a larger lot, providing outdoor space
2418 W Ellis Street Phoenix, AZ 85041
$494,999
5
Beds
3
Baths
2,644
SqFt
Status
Active
MLS #
6634090
Property Type
Single Family Residence
Price Type
--
This well maintained, 5-bedroom 3-bathroom, 3-car garage home, nestled in a quiet neighborhood at Copper Creek is a must see! It features an open floorpan with vaulted ceilings and abundance of natural light throughout. Chef's kitchen with white cabinets, granite countertops and a large island/breakfast bar. Four bedrooms upstairs including a spacious primary suite and a loft. One bedroom and full bath located downstairs. Neutral paint, flooring and finishes throughout. The spacious, low maintenance backyard, complete with a large pergola and artificial grass turf, is perfect for relaxing or entertaining.
17618 W Crocus Drive Surprise, AZ 85388
$494,999
4
Beds
3
Baths
2,341
SqFt
Status
Active
MLS #
6644814
Property Type
Single Family Residence
Price Type
--
BOM with a fresh coat of paint! Gorgeous contemporary-style home with open plan includes 2 living areas, 4BD/3BA, &upgraded Jack-and-Jill suite. Updates added since 2023: appliances, flooring, counters, lighting, plumbing valves. and hardware. Enjoy bonus rooms including a den and flex-office space near the entry. Kitchen features granite counters, plenty of cabinet storage, and pantry. Primary suite features quartz counters, geometric floors, and Carrara tile walls. Bedrooms are thoughtfully located for plenty of privacy. Enjoy a spacious, hardscaped, low-maintenance backyard and large 4-car driveway. Located minutes from the highway for a quick commute for your daily needs with Costco nearby. Buyers to verify all details: schools, measurements, material facts, etc..Owner/ Agent
9814 N 50th Drive Glendale, AZ 85302
$494,999
5
Beds
2
Baths
2,378
SqFt
Status
Active
MLS #
6676449
Property Type
Single Family Residence
Price Type
--
Almost 2400 square feet of living space. One large bedroom above the garage is perfect for a private rental, next to the laundry and off the right of the kitchen. The rest of the home is ideal for a growing family, with a large open kitchen and dining room. Front entry opens to an open large living room, with a den, perfectly outfitted for a large home office. Three additional bedrooms on the north side of the home. The backyard has pavers to compliment the fantastic pool and peaceful backyard. This will not last. Be in your home before the heat hits to relax in your new pool! The seller has already completed a FULL inspection. Call me for details on how to get your FREE appraisal and $1000 guaranteed close!!!
6363 W Muirfield Way Florence, AZ 85132
$494,990
3
Beds
2
Baths
2,010
SqFt
Status
Active
MLS #
6659978
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.'' Lifestyle is around every corner of this community. Enjoy all the amenities that you have come to expect in 55+ living. This home is a must see with an estimated completion date of March 2024.
15758 W Kendall Street Goodyear, AZ 85338
$494,990
5
Beds
3
Baths
2,233
SqFt
Status
Active
MLS #
6689440
Property Type
Single Family Residence
Price Type
--
Below Market Financing Available!!!!!!!!! This single-level home showcases a spacious open floorplan shared between the Great Room, kitchen and dining area, with access to the covered patio for outdoor lounging and entertaining. The owner's suite enjoys a private location at the back of the home, complemented by an en-suite bathroom and walk-in closet. The four secondary bedrooms are comfortable and private retreats for household members and overnight guests. Photos are renderings of a model home, not the actual home.
40870 W Agave Road Maricopa, AZ 85138
$494,990
3
Beds
2
Baths
1,987
SqFt
Status
Active
MLS #
6399861
Property Type
Single Family Residence
Price Type
--
THIS HOME IS READY FOR MOVE-IN! It's the popular Belice - 3 bedrooms, 2 baths and 3 car tandem garage. We're building this home with an 8' garage door, garage service door, 12x8 sliding glass door off of the great room that leads out to your extended covered patio. Gas appliance package with microwave. Lausanne Espresso cabinets with 42'' upper cabinets in kitchen. Himalaya white granite countertops in kitchen and the enhanced kitchen island with matching backsplash. Upgrade flooring includes 12x24 Linden Pointe Grigio tile in all areas of the home except bedrooms/closets. Owners bath has separate tub and shower with Artic white tile surrounds. Dual sinks at bath 2. Interior two tone Gray paint throughout and so much more. Water Company is Santa Cruz Water Company and Sewer.
15023 N 55th Drive Glendale, AZ 85306
$494,990
2
Beds
2.5
Baths
1,918
SqFt
Status
Active
MLS #
6609101
Property Type
Single Family Residence
Price Type
--
2 Bedroom, 2.5 Bath, Sitting Room Primary Bed, 2 Car Garage. KITCHEN: 42'' upper basalt maple cabinets, Moon White upgraded granite counters, Gas GE Profile stainless appliances, tile backsplash. FLOORING: 5'' x 48'' Wood-Look LVP w/carpet in bedrooms. Luxury Primary Bathroom w/ door to Laundry, frosted pantry door, shower Bath 2, Gas stub BBQ and more
3527 E Jasmine Way San Tan Valley, AZ 85143
$494,980
4
Beds
2.5
Baths
2,343
SqFt
Status
Active
MLS #
6682075
Property Type
Single Family Residence
Price Type
--
Move-in Ready, view fence homesite with no neighbors behind and an excellent location, within walking distance to the pool! This 4-bedroom single-story layout features an open concept placed for entertaining your family and guests. The home boasts white cabinets, granite countertops and large tile throughout. Last chance to own at Bella Vista Farms; one of the largest master-planned communities in San Tan Valley with a pool, sport complex and many parks. Each home comes standard with features that go beyond helping you save on utility bills, they allow your whole family to live better and breathe easier too. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.