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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

13128 W Avenida Del Rey -- Peoria, AZ 85383

$469,000

3 Beds

2 Baths

2,213 SqFt

Status Active

MLS # 6678584

Property Type Single Family Residence

Price Type --

Gorgeous former model home, clean and move in ready! Upgraded carpet and tile flooring. Kitchen is equipped with granite countertops , large island, gas range, pantry, and extended cabinetry. Living/formal room and Office! Split floor plan, large Primary suite and 3 car Tandem Garage. Refrigerator, washer and dryer convey. Large covered patio and beautifully landscaped front and backyard with great Privacy.

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20100 N 78th Place Scottsdale, AZ 85255

$469,000

2 Beds

2 Baths

1,116 SqFt

Status Active

MLS # 6614306

Property Type Apartment

Price Type --

This 2-bedroom 2 bath home features 1116 sqft of living space and is located on the 3rd floor for great views! Nestled the gated community of Edge at Grayhawk, this property boasts a carport space for your convenience. Inside you'll discover stainless steel appliances, NEW Quartz countertops, and gorgeous custom dark blue cabinets. The bathrooms have been updated and there is an electric fireplace that you can luxuriate by on those chilly nights. You'll simply fall in love when you take in the large balcony with sweeping mountain and pool views. Amenities include 2 pools, lounge, theater, tennis, fitness center and more! Enjoy access to the amenities to the Venu at Grayhawk as well! Live like you're always on vacation!

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17923 W Porter Lane Goodyear, AZ 85338

$469,000

3 Beds

2 Baths

1,735 SqFt

Status Active

MLS # 6621309

Property Type Single Family Residence

Price Type --

Large Corner lot on a Cul De Sac with RV gate. Open floor plan, vaulted ceilings, covered patio, irrigation system front and back, house is conveniently located a block away from South Lake and close to North Lake. 2 members only club houses, with gyms, libraries, restaurant and bars in both club houses as well as yacht club, water park, basket, tennis and volley ball courts. Plenty of biking and hiking trails plus a Golf Course in the community! Stainless steel fridge, range, microwave and dishwasher (BRAND NEW) OWNER IS A LICENSED ARIZONA REALTOR Owner offers $10k towards closing costs

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8011 S 23rd Drive Phoenix, AZ 85041

$469,000

4 Beds

2.5 Baths

2,527 SqFt

Status Active

MLS # 6633722

Property Type Single Family Residence

Price Type --

Builders Model Home and it has lots of upgrades, including a Premium Elevation. Features: Surround sound speakers/recessed upgraded lighting/ceiling fans. Bedrooms have walk-in closets. Kitchen has beautiful cabinets/a large walk-in pantry/hi end appliances with 2 ovens(Convection feature) & there's an island with brick trim. Primary bedroom has a large deep tub with brick accents & a walk-in shower.The backyard has a mature tree that produces limes & lemons and there is a raised garden planter with sprinklers. The 3 car tandem garage has an 8 ft door to accommodate hi profile vehicles. The energy efficient HVAC system has a unique 3 zone feature for your convenie

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42833 W Mallard Road Maricopa, AZ 85138

$469,000

2 Beds

2.5 Baths

1,945 SqFt

Status Active

MLS # 6636635

Property Type Single Family Residence

Price Type --

Split floor plan, 2 bedrooms with ensuites and a den/office/workout room. Kitchen with under-cabinet lights, gas appliances and gas double oven range. Butler's pantry and walk-in pantry, cabinets have crown molding and dual pull-outs. Granite countertops, oversized island with additional storage. Laundry with counter space and cabinets.10' ceilings and 8' doorways. Primary bedroom has an extended bay window bump-out for additional space. Tile flooring throughout the home. Backyard has gated side yards with bunny fencing. Extended pergola patio, with outdoor BBQ. Extended patio with pavers. The home has foam insulation, energy-efficient windows with sun-screens, and a powered attic ventilator. Ceiling fans in all rooms. A 25' extended and insulated garage with sink and 5' storage extension Items to convey - back patio TV, cabinet under back patio TV, covers for both, garage TV and sound bar, King platform bed with mattress in Primary bedroom, and desert scape artwork above bed.

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25615 N Bolero Bend Rio Verde, AZ 85263

$469,000

3 Beds

2 Baths

1,718 SqFt

Status Active

MLS # 6635756

Property Type Townhouse

Price Type --

FURNISHED turn-key townhome with spectacular view of the Mazatzal Mtns.-Four Peaks and the 4th hole of the White Wing golf course. This end unit has great space with 2 bedrooms and 3rd bedroom/Den/Office. Kitchen with casual dining and front patio access. Great room with dining, wood burning fireplace, vaulted ceiling and sliding door access to the back patio and views. Primary suite has walk in shower, soaking tub, dual vanities and walk in closet. Guest bedroom is spacious, guest bath has shower/tub. Den/Office/3rd bedroom gives you options! Back patio with Saltillo Tile and plenty of space to enjoy the views. Wooden shutters in all rooms. 2 car garage and roof recoated Nov. 2023! Move right in and start enjoying the Rio Verde life!

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374 S Verdad Lane Casa Grande, AZ 85194

$469,000

5 Beds

3 Baths

2,725 SqFt

Status Active

MLS # 6655302

Property Type Single Family Residence

Price Type --

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18134 W Maui Lane Surprise, AZ 85388

$469,000

4 Beds

2 Baths

1,737 SqFt

Status Active

MLS # 6645154

Property Type Single Family Residence

Price Type --

Explore this splendid 4-bedroom, 2-bathroom energy-efficient home, boasting impressive curb appeal with a 2-car garage, extended driveway, additional RV parking space, and low-maintenance landscaping. Step inside to find a luminous interior adorned with high ceilings and stylish wood-like flooring throughout. The kitchen is a chef's delight, outfitted with chic countertops, a mosaic tile backsplash, fine wood cabinetry, a central island, and stainless steel appliances. Each bedroom is carpeted for comfort and includes a ceiling fan, with the primary suite boasting a walk-in closet and an en-suite bathroom. The backyard is an oasis, featuring a covered patio, a a shimmering swimming pool, well-maintained landscaping, grass, and an expansive patio ideal for sunbathing.

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5603 N Wilshire Drive Williams, AZ 86046

$469,000

3 Beds

2 Baths

1,590 SqFt

Status Active

MLS # 6656887

Property Type Single Family Residence

Price Type --

Energy efficient mountain home on a treed acre with views, just North of I-40 on the way to the Grand Canyon. Temperature controlled 2 car garage, huge loft bedroom, large kitchen and two more bedrooms and a great room complete the house. Vaulted ceilings, clerestory windows up top. Grounds include a deck shaded in the summer, patio, even a play house for little ones. Passive heating and dual paned windows make this super efficient in the Winter. 7000 foot elevation makes it cool in the summer. Small changes will make it your own! Make it your retreat, or make it your vacation rental to help pay for it. Call for more information.

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13137 W Stella Lane Litchfield Park, AZ 85340

$469,000

4 Beds

2 Baths

2,040 SqFt

Status Active

MLS # 6662083

Property Type Single Family Residence

Price Type --

Check out this great 4-bedroom, 2-bath home situated in a welcoming community with an excellent location. This well-maintained property showcases a low-maintenance backyard, a newer AC unit, and water heater. Smoke/Pet Free, with a spacious 3-car garage, the residence offers both practicality and style. Its proximity to schools, restaurants, and shopping centers enhances the convenience of modern living, making it an ideal choice for homeowners seeking comfort and accessibility.

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6919 E Boise Street Mesa, AZ 85207

$469,000

3 Beds

2.5 Baths

2,220 SqFt

Status Active

MLS # 6670863

Property Type Single Family Residence

Price Type --

Embark on suburban magic in Mesa, AZ, with this 3-bed, 2.5-bath solar-powered gem! Spanning 2200 sq ft, revel in sleek tile on the main floor, a chef's kitchen, and a master suite fit for royalty. Step into an eco-luxury paradise inside and a solar-powered sanctuary outside. Seize the keys to this stylish, sustainable dream in the heart of suburbia!

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5414 W Desert Cove Avenue Glendale, AZ 85304

$469,000

3 Beds

2 Baths

1,656 SqFt

Status Active

MLS # 6680434

Property Type Single Family Residence

Price Type --

Beautiful remodeled home in a great neighborhood! Home comes with an Open floor plan with a spacious kitchen with all new cabinets. Stunning remodeled master bathroom with beautiful vanities and large walk in shower. New Carpet in the bedrooms and new Luxury vinyl throughout high traffic areas of the house. Upgraded fixtures along with Delta Faucets throughout! Large, beautiful backyard with a pool and new grass area. Property comes with a two car garage and a new roof. Must see home!

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