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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372 W Nikita Drive San Tan Valley, AZ 85140
$499,890
5
Beds
3
Baths
2,586
SqFt
Status
Active
MLS #
6630546
Property Type
Single Family Residence
Price Type
--
On 4-18-24 Carpets were cleaned and ready for a new owner. Don't wait any longer, as the seller is highly motivated. This is your chance to own a stunning McKinley floor plan with a 5-bedroom, 3-bathroom that includes a loft in the coveted Meadows community. The house is close to a new shopping complex, restaurants, a hospital, and grocery stores. You'll love the spacious and well-designed floor plan, which features an open concept on the main floor with access to a covered patio. The kitchen is a chef's dream, with plenty of cabinet and counter space and a walk-in pantry. With one bedroom and a full bath downstairs, you'll have plenty of space for your family and guests. Upstairs, you'll find the laundry room, three additional bedrooms, and a split primary bedroom, each spacious and perfect for relaxation. The primary suite is the ideal retreat, with a large, secluded room, a private ensuite bathroom with dual sinks, and a walk-in closet. The loft is suitable for movie nights or a separate space to unwind. The house is fully landscaped and ready for you to move in. The lot is large enough for a future pool/spa/spool. Take advantage of this opportunity to own your dream home!
5160 W Village Drive Glendale, AZ 85308
$499,800
3
Beds
2
Baths
1,622
SqFt
Status
Active
MLS #
6692890
Property Type
Single Family Residence
Price Type
--
WOW!! This immaculate,ultra clean 3 Br/2 Bath, 3 CAR GARAGE home is located on a Cul-De-Sac lot. New natural color painted inside. Eat-in kitchen has GRANITE COUNTERTOPS, decorative backsplash, plenty of cabinets, stainless steel KitchenAid appliances. Spacious master suite has a bay window, dual sinks, & separate shower& soaking tub. Tile in all the right places, new carpet in bedrooms, plank flooring in Living Room. The covered, tiled Patio has sunscreens. Enjoy the beautiful and immaculate desert landscaping in this inviting backyard with manicured bushes, fruit trees, & a raised garden. A CUSTOM-BUILT FIREPLACE is the Focal Point. LOCATION! Easy access to 101 & 17 freeways, Arrowhead restaurants and Shopping Mall. Beautifully maintained subdivision with acres of trails & parks.
25229 W Rockaway Hills Road Morristown, AZ 85342
$499,800
3
Beds
2
Baths
1,801
SqFt
Status
Active
MLS #
6639688
Property Type
Manufactured Home
Price Type
--
Your new home away from the crowds awaits in Morristown! Santa-Fe-style residence sitting on a more than 1-acre lot on a desired corner! This property is fully fenced w/an RV gate for all your toys. Beautiful interior has tile floors, a cozy fireplace in the living room, gorgeous light fixtures, and neutral paint. Cook gourmet dishes in the eat-in kitchen showcasing SS appliances, center island, a walk-in pantry, white cabinetry, and ample counter space. Split main retreat has a walk-in closet and a full bathroom with a dual sink vanity and a jetted tub for a spa-like feel. In the backyard, discover a fenced covered patio w/a Ramada, a greenhouse, a detached garage w/a small workshop attached, a fire pit, and natural desert landscaping. Don't miss the AZ sunsets and mountain views! Hurry!
18326 N Gila Springs Drive Surprise, AZ 85374
$499,800
2
Beds
2
Baths
1,782
SqFt
Status
Active
MLS #
6673887
Property Type
Single Family Residence
Price Type
--
Beautifully designed home in the highly sought-after Sun City Grand community! Versailles pattern travertine flooring extends through the living area with a stone fireplace & additional sitting area off the kitchen ideal for a conversation or game table. The open kitchen boasts granite countertops, stainless steel appliances, drawer pull-outs, & RO. All bathrooms have been elegantly crafted with travertine & gorgeous vanities. Den area complete with custom built-in desk & shelving. The backyard offers a covered patio with a built-in BBQ ideal for hosting & citrus trees. Also featured, a 2-car garage with built-in cabinetry, water softener, & heat shield. You'll love the Sun City Grand community with amenities like a pool, spa, gym, clubhouse, sports courts, & fun community events!
10778 W Mckinley Street Avondale, AZ 85323
$499,775
3
Beds
2.5
Baths
2,269
SqFt
Status
Active
MLS #
6655230
Property Type
Single Family Residence
Price Type
--
New home ready for move in this spring. Two-story Tisdale floorplan with sought after Craftsman style exterior. The first floor features a flex room with elegant double glass doors. This room can serve as a home office, game room or sitting area. The second floor features a loft, the owner's suite and two additional bedrooms. The spacious kitchen features stainless steel appliances with gas range and a large island with ample sitting space, overlooking the dining and sitting areas. The stylish cabinetry is a gray tone which is complemented by upgraded quartz countertops, subway tile backsplash, and wood color plank tile. Great home with spacious sitting and socializing areas. Home warranty included.
4809 E Fire Opal Lane San Tan Valley, AZ 85143
$499,700
3
Beds
2
Baths
2,228
SqFt
Status
Active
MLS #
6677812
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the Village at Copper Basin Community of San Tan Valley! This stunning 2019-built residence boasts 3 bedrooms and 2 bathrooms, offering a perfect blend of modern design and functionality. The kitchen is complete with granite countertops, a large island, and a stainless steel appliance package. It seamlessly flows into the spacious great room, creating an ideal space for family gatherings and entertaining guests. The oversized primary suite is a true retreat, featuring ample room for a sitting area or home office with views of the pool, dual sinks in the en-suite bathroom, and a generous walk-in closet. The original 4th bedroom has been ingeniously merged to create an oversized double master feel, perfect for accommodating guests, setting up a home gym, or creating a cozy man-cave. Step outside through the glass sliding doors to discover your private backyard oasis. Enjoy lazy afternoons under the covered patio, take a refreshing dip in the PebbleTec SHASTA pool, or let the kids and pets play freely on the lush turf area. Plus, benefit from added privacy as the home backs to a park. This home offers not just a place to live but a lifestyle of luxury and comfort. Don't miss the opportunity to make it yours!
1335 W Monroe Street Phoenix, AZ 85007
$499,600
3
Beds
2
Baths
1,628
SqFt
Status
Active
MLS #
6652210
Property Type
Single Family Residence
Price Type
--
Imagine residing in a home drenched in historical charm in Phoenix's Woodland Historic District. This abode is more than just a dwelling; it's a gateway to yesteryears, yet infused with contemporary comforts. Greeting you is an inviting front porch, leading to a living area where the original fireplace kindles tales of old. Across, the dining space reverberates with stories of grand meals past. Venturing further, you'll discover bedrooms that murmur ancient secrets, alongside a master suite that epitomizes today's opulence. The upper level hosts a generous bedroom, a blank slate for your creativity. Just a stone's throw from the Arizona Capitol, this location offers swift access to governmental hubs, entertainment arenas, and the lively downtown scene. Seize the chance to claim a slice of Phoenix's heritage in a neighborhood buzzing with renewal and rejuvenation.
2480 S Pinegrass Road Show Low, AZ 85901
$499,500
2
Beds
2
Baths
1,492
SqFt
Status
Active
MLS #
6684591
Property Type
Single Family Residence
Price Type
--
BRAND NEW HOME TO BE BUILT! This virtual listing is an example of what we will build for you. Let's build you this beautiful custom home in Torreon for under $500,000 with standard features like stainless steel appliances, granite, soft close cabinets, LVP floors, walk-in shower, great room, LP Smart Siding (no staining), Trex deck, iron railing, AC, gas heat, covered back deck and more. Some interior & exterior selections can be made by the buyer. Great pine trees on this lot. To be built with buyer's cash or construction loan. We have lenders to accommodate this lot/home package. Estimated build time is 12 months from permits. We can also help design a custom home if you prefer. Other lots available. Call for details.
7219 E Kramer Street Mesa, AZ 85207
New
$499,500
4
Beds
2.5
Baths
1,790
SqFt
Status
Active
MLS #
6697684
Property Type
Single Family Residence
Price Type
--
Renovated! This property is in stunning condition and has had plenty of work done as of late. This includes but is not limited to - New interior Paint, AC Unit, Water Heater, Flooring, Carpet, A fully loaded kitchen, Master Bath, and upstairs bathroom, new master closets, and synthetic turf. This home is extremely welcoming and ready. Ideal for families as it is gated and boasts a community pool.
2817 E Hidalgo Avenue Phoenix, AZ 85040
$499,500
3
Beds
2
Baths
1,744
SqFt
Status
Active
MLS #
6695528
Property Type
Single Family Residence
Price Type
--
Don't miss this former Model from the award-winning home builder Ca-Atlantic Homes. This former model home has all the builder upgrades all put into one of their most popular floor plans. This open great room flow creates a dynamic of comfort and ease for family and guests. The 16' wall of glass opens to a spectacular indoor/outdoor experience. This home interior is loaded with designer touches and upgrades like 42'' upper cabinets, Kitchen Aid S/S appliances, Under cabinet lighting, upscale, Recessed lighting, Plank Tile flooring, Crown molding, Security System, Surround sound, Designer flooring, upgraded Shower, designer touches and designs explodes the minute you walk in this home. Exterior touches include Full paver patio, Professional landscape design, Fire pit, amazing patio.
20434 W Meadowbrook Avenue Buckeye, AZ 85396
$499,500
2
Beds
2
Baths
1,657
SqFt
Status
Active
MLS #
6625864
Property Type
Single Family Residence
Price Type
--
VICTORY living is yours in this stunning 2022 build Lennar home! 1657 SF of living space gives you 2 beds, 2 bath with a huge bonus room that can be used as a formal dining room or a spacious office/den! Tile floors everywhere but bedroom 2 and closets! Stunning white theme kitchen with stainless steel appliances, quartz counters and under cabinet LED lighting! Spacious main living area is an entertainers dream! Let the fun spill out into the backyard where your oversized covered patio is paired with a professionally installed hardscape patio just perfect for a outdoor dining set and BBQ! Views of the White Tank Mountains from your back yard and a beautiful wash/greenspace between you and your back neighbor! Enjoy the tankless gas water heater for UNLIMITED hot water!
9807 E Axle Avenue Mesa, AZ 85212
$499,500
3
Beds
2.5
Baths
2,100
SqFt
Status
Active
MLS #
6681954
Property Type
Single Family Residence
Price Type
--
Welcome to this lovely 3-bedroom, 2.5-bath residence in Eastmark! You'll be greeted by a spacious great room with high ceilings, efficient recessed lighting, plantation shutters, a cool color palette, and attractive wood-look flooring. The kitchen is equipped with quartz counters, ample cabinetry with crown molding, a brick backsplash, sleek stainless steel appliances, a pantry, and an island with a breakfast bar for casual dining. You'll also find a versatile den ideal for an office or study, but could be converted to another bedroom. The master bedroom is spacious with a custom bathroom, equipped with walk-in shower, a relaxing soaking tub, and a walk-in closet. Outside, the backyard is an enchanting haven featuring a paver patio and low-maintenance artificial turf.