As a homeowner, you may have heard the term re-financing without being aware of exactly what it means, but there are a lot of pros and cons associated with what it can do for your financial situation. While getting a different new loan for your mortgage can be a good financial decision in certain situations, here are some things you should consider before you decide that this is the right choice for you.
Getting A Lower Rate
One of the main reasons that re-financing can be a popular option for many homeowners is that it can provide the opportunity for considerable money savings. Since you will be acquiring a new loan with a lower interest rate, this will be an opportunity to reduce your monthly payments, increase your equity at a faster rate and invest the extra funds into something else. While a lower rate can definitely mean money savings, it’s important to consult with a mortgage professional so you’re aware of any associated fees and can make a decision that will be financially beneficial.
Consolidating Your Debt
It is often the case that people will choose to refinance their mortgage with a lower-interest rate in the hopes of paying off the debt they’ve accumulated, but with the cost of refinancing this is not necessarily the best financial decision. While consolidating debt can be great if you go into it with a budget that you plan on sticking too, if you’re leaning too much on the idea of a lower interest rate meaning instant savings, it may be a good idea to take a look at the numbers.
Investing In Your Home
For many people, re-financing their mortgage is a good opportunity to renovate their home and increase its value. However, while renovating your home can be a good idea for resale, there are many home renovations that will not necessarily increase the value of your home and make up for the amount you’ve invested. If you’re making forward-thinking renovations, refinancing is one thing, but ensure you’ve seriously considered what will add value.
There can be a number of financial benefits when it comes to refinancing your mortgage, but it’s important to work out your tentative budget and crunch the numbers before you make a final decision. If you’re currently looking into re-financing your home and are curious about what it entails, give me a call for more information – J.P. Cook – 602-320-4253.
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4412 E Sells Drive
Phoenix, AZ 85018
$1,880,000
4
Beds
4.5
Baths
2,731
SqFt
Status
Active
MLS #
6700680
Property Type
Single Family Residence
Price Type
--
Experience the allure of this exquisite, newly built single-level sanctuary meticulously designed by Signature Homes, nestled in the vibrant heart of Phoenix Arcadia with awe-inspiring views of Camelback Mountain. Spanning 2,731 square feet, this home offers an enchanting blend of elegance and functionality, featuring 4 spacious bedrooms, each boasting ample walk-in closets and 4 luxurious en-suite full bathrooms, complemented by a convenient powder room and a dedicated office space. The gourmet kitchen is a culinary haven, seamlessly flowing into a grand great room adorned with a cozy fireplace, creating an inviting ambiance for gatherings and relaxation. A separate dining area, elegantly connected through a stylish butler's pantry, sets the stage for entertaining guests. Outside, the rear of the home unveils a covered seating area, ample yard pace, a gas line for a BBQ set up, and a large pool with seperate spa. Perfectly situated near top-tier dining establishments, premier shopping destinations, and esteemed schools, this home embodies the epitome of luxurious contemporary living, offering a lifestyle of unparalleled comfort, style, and sophistication.
10801 E Happy Valley Road Unit 133
Scottsdale, AZ 85255
$1,875,000
4
Beds
3.5
Baths
3,944
SqFt
Status
Active
MLS #
6769638
Property Type
Single Family Residence
Price Type
--
Do not miss this exceptional opportunity to reside in the exclusive guard-gated community of Glenn Moor, one of the most sought-after, well-managed, and friendly neighborhoods in North Scottsdale, often considered the crown jewel of Troon Village. This exquisite home is surrounded by the lush fairways of Troon Country Club and has breathtaking views of Pinnacle Peak and Troon Mountain. The location offers an ideal backdrop for living a private and peaceful lifestyle while being conveniently situated in the heart of all that Troon has to offer. Upon arrival, you'll be greeted by a grand circular drive, elevated setting, and lush landscaping, creating a charming yet regal frontage. The living and formal dining area features elegant lofty ceilings with intricate detailing, a custom media wall, a striking stacked stone fireplace, complemented by floor-to-ceiling windows that invite the natural Sonoran beauty indoors. The gourmet kitchen boasts top-of-the-line appliances, custom cabinetry, granite counters, a tile backsplash, an oversized island, casual dining area and views through every window. Glass sliders lead to the property's unique outdoor space, featuring a central area with multiple tiered patios, embraced by stunning mountain vistas, forming an open-air, amphitheater-like oasis. For those whose wish list includes a private pool, this area invites the opportunity to add your personal touch to this home. Well considered updates include ceramic wood-like flooring, a marble tiled entrance way, a primary suite transformed to a private sanctuary, complete with a flexible office/workout room, breathtaking views, and a spa-like ensuite featuring a standalone soaking tub, steam shower, dual vanities, a tiled walk-in shower, and two spacious walk-in closets. Car enthusiasts will appreciate the side-entry four car garage, space for additional parking, 3 spacious storage rooms, an electric car charger, and the added convenience of an elevator leading to the main living level. Come and experience for yourself how this extraordinary property can become your dream home in the heart of Troon Village.
11457 E Blanche Drive
Scottsdale, AZ 85255
$1,875,000
4
Beds
3.5
Baths
2,806
SqFt
Status
Active
MLS #
6747568
Property Type
Single Family Residence
Price Type
--
Magnificently remodeled home is located 1.1 miles up the mountain on a peaceful cul-de-sac, in prestigious 24 hour/day guard-gated Cimarron Hills - within the highly desirable master planned community of McDowell Mountain Ranch. Upon entering the gated courtyard is a tranquil waterfall and entrance to the beautiful and private attached guest casita with en-suite bath. The luxurious custom Water-Jet Marble floor in the foyer, welcomes you as enter this spacious, open floor plan. Upgrades include White Oak Hardwood Flooring throughout the home, Thermador kitchen appliances, gas cook-top, custom oversized island, new Hunter Douglas automated blinds, 54'' linear fireplace, custom floor to ceiling blackout drapes in the spacious primary bedroom with high-end plumbing and fixtures, freestanding tub, marble vanities & shower in the spa-like primary retreat. The breakfast nook overlooks the waterfall of the lagoon style aqua, pool/spa. The outdoor resort-like retreat also includes mountain views from the patio, new BBQ, firepit, synthetic grass, and new power retractable awning off the primary bedroom for a cabana like feel. NEW A/C unit 8/24. Amazing MMR amenities, Community Center with workout room, pool, tennis courts, pickleball courts, Aquatic Center. Conveniently located to walking trails, MMR golf, shopping, restaurants, freeway and 27 minutes to Sky Harbor Airport. MUST-SEE!
24235 W Pinnacle Vista Lane
Wittmann, AZ 85361
$1,875,000
6
Beds
5.5
Baths
6,299
SqFt
Status
Active
MLS #
6750049
Property Type
Single Family Residence
Price Type
--
Arizona RANCH ESTATE... Spectacular five- plus acre property with main house, guest house and four-plus car garage. Fully fenced and landscaped, this home offers so much to you. The main house is four bedrooms and three- and one-half baths, with two office/dens, large living room, dining room and spacious kitchen. Totaling 4,760 square feet. The adjacent guest house, 1,539 square feet, offers two bedrooms, two baths and a spacious great room. Large, storage ready garage, accommodates four cars, plus extra space. Add to all this, the covered patio area, basketball court, gardens, paved circular drive and fencing and you have an estate. Bring your horses! Or Airbnb? Or family estate?
17340 E Hidden Green Court
Rio Verde, AZ 85263
$1,875,000
3
Beds
3.5
Baths
2,956
SqFt
Status
Active
MLS #
6765377
Property Type
Single Family Residence
Price Type
--
Through the gates of prestigious Trilogy at Verde River, lies this stunning residence of perfection! Sitting on an impressive 21,533.00 sq. ft homesite this beautiful semi-custom home built by Monterey Homes is something to behold. This elegant Milan plan features an open layout with 3 ensuite bedrooms, plus a powder room, office, living room, beautiful wet bar that serves the spacious great room with fireplace, a gourmet kitchen, a side courtyard, and an expansive wraparound patio which creates the perfect outdoor space to entertain family and friends. Beautifully upgraded Chef inspired kitchen opens to Great room. The backyard features stunning Swimming Pool and Spa, and lots of seating for outdoor entertainment. All this and more set in one of the valley's most scenic locations in the world class Trilogy community. Trilogy at Verde River offers upscale Resort living at its finest and the very best of all possible worlds, close to the conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert. The amenities are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickle ball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails. Whether you're seeking a second, winter home, or will live here year-round, Trilogy at Verde River is an ideal distance from the hustle and bustle of North Scottsdale. Attitudes here are different; there's a sense of community. You'll love the Resort living! What memories will you make?
13331 E Parkview Lane
Scottsdale, AZ 85255
$1,875,000
3
Beds
3.5
Baths
3,208
SqFt
Status
Active
MLS #
6769549
Property Type
Single Family Residence
Price Type
--
ABOLUTLEY SPECTACULAR HOME w/STUNNING VIEWS & AN ABUNDANCE of UPGRADES! Near Tom's Thumb w/ hiking/biking/riding trails for miles. This 2 year new HOME is a symphony of LUXURY & COMFORT! Step inside the modern iron door to view the MAGNIFICENT floorplan & expansive corner opening wall of glass that blurs the lines between in & outdoor living w/INCREDIBLE VIEWS from this MAJESTIC lot! CHEF's kitchen boasts 6 burner gas stove, pot filler, double ovens, add'l built-in icemaker, huge quartz island, cabinets to ceiling w/LOVELY glass uppers & lighting, 2 pantries. NEW CUSTOM cabinets throughout! Master is a spacious SANCTUARY! All bedrooms are ENSUITES w/walk-in closets. COVETED 4 car garage.SPLENDID backyard w/extended patios, GORGEOUS pool, putting green, built-in gas BBQ,opt spa.Owner/Agent
17821 N 93rd Street
Scottsdale, AZ 85255
$1,875,000
4
Beds
3.5
Baths
3,592
SqFt
Status
Active Under Contract
MLS #
6780998
Property Type
Single Family Residence
Price Type
--
Welcome home!! This stunning, custom-upgraded home in the heart of DC Ranch has all you could ever need! Elegantly designed & meticulously maintained, this residence boasts a spacious, versatile layout w/ 4 bedrooms + large bonus room (easily converted to 3 bedrooms + den & bonus room) w/ 3.5 beautiful bathrooms. Step inside & discover an open-concept living & dining area, complete with gourmet kitchen, sophisticated wet bar & custom wine cellar, perfect for entertaining. The breathtaking gourmet kitchen is the heart of the home w/ all newer cabinets, hood, Mont Blanc Satin Quartzite Countertops, butler's pantry & so much more. The primary suite offers luxurious finishes w/ large bedroom & bathroom featuring steam shower, soaking tub & expansive his/hers closets. Outside, unwind in your newly resurfaced pool & spa (pebble tec), outdoor BBQ, surrounded by lush landscaping backing to a wash, all in a tranquil backyard setting that feels like your own private oasis. Escape to one of two private patios directly adjacent to dining space or off the formal living (wine room) to enjoy indoor/outdoor living in this beautiful Arizona weather. This home truly combines elegance and functionality, blending indoor and outdoor living for a true Arizona lifestyle. DC Ranch's amenities are endless. Enjoy their multiple community centers including brand new Desert Camp and The Homestead community center with fitness room, pool, basketball/pickleball/tennis courts, outdoor heated recreational and tot pools, playgrounds, ramadas for events & everyday use, built in BBQ's, indoor and outdoor event facilities, community theatre, splash pad. DC Ranch also consists of 47 parks interconnected by over 50 miles of landscaped paths and trails backing the McDowell Sonoran Preserve. Market Street Park is a half-acre public open space with a firepit, grills, play area, natural stage that hosts the Starlight Concert Series, & more all next to the well-known Market Street with delightful option for restaurants & shopping. DC Ranch also offers a multitude of events & celebrations including concerts, food truck nights, learning activities, speaker series, comedy nights, dive-in movies, game nights, social hours, holiday celebrations, & more. Fitness & wellness includes yoga, strength & balance, aqua fitness & pickleball clinics. Arts & Education includes creative art classes, performing arts series, kids classes & more. Youth programs are available with the summer series, back to school celebrations, field trips, kids cuisine & more. Lastly, resident-led clubs are present including social clubs, hiking clubs, pickleball clubs, wine clubs & more. Don't miss your chance to own this exceptional property in one of North Scottsdale's most desirable neighborhoods!!
7180 E Kierland Boulevard Unit 1015
Scottsdale, AZ 85254
$1,875,000
2
Beds
2
Baths
1,698
SqFt
Status
Active
MLS #
6697955
Property Type
Apartment
Price Type
--
Experience elevated living in this sophisticated 2-bed 2-bath condo at Optima Kierland! Boasting 10-ft ceilings & floor-to-ceiling windows, this meticulously maintained residence offers breathtaking views of the McDowell Mountains. The kitchen features sleek natural stone countertops, Bosch appliances, wine fridge, & counter-height breakfast bar perfect for entertaining. As part of Optima Kierland, you'll enjoy world-class amenities: heated lap pool, cold plunge, hot tubs, outdoor kitchens with BBQ areas, state-of-the-art fitness center, rooftop running track & sports courts.This is your chance to own a lock-&-leave oasis located just steps from Kierland Commons & Scottsdale Quarter. This home offers unparalleled convenience & the best of Scottsdale's vibrant lifestyle.
7137 E Rancho Vista Drive Unit 7008
Scottsdale, AZ 85251
$1,875,000
2
Beds
2.5
Baths
1,955
SqFt
Status
Active
MLS #
6711208
Property Type
Apartment
Price Type
--
***PENTHOUSE WITH SPECTACULAR VIEWS** Welcome to your dream condo, a completely remodeled contemporary gem featuring floor-to-ceiling windows that showcase stunning views of Camelback Mountain and the vibrant interior of Optima's pool area. This spacious retreat offers 2 large split primary suites and 2.5 baths, all complemented by superior finishes and an expansive open floor plan. Beautifully remodeled kitchen equipped with quartz countertops, Thermador appliances and ample storage space. Experience the beauty of nature from three private balconies adorned with gorgeous plant life, including a stunning 25-foot tree, perfect for soaking in breathtaking sunsets. Enjoy the condo's many convivences like a spacious laundry room, two premium parking spots with a 110V charging station, eco-friendly Wi-Fi-enabled HVAC controls, and automatic irrigation system. Recent upgrades include dimmers on every light, specialized art lighting, and large rain showerheads with massage wands. Indulge in a wealth of Optima's amenities which included two outdoor pools and spas, a newly remodeled state-of-the-art fitness center (2023) with an indoor heated pool, basketball and racquetball courts, and luxurious locker rooms with steam rooms. Enjoy yoga sessions with free mirror technology and host events in a spacious community party room. Additional perks include Metropolis restaurant and bar, a putting green for golf enthusiasts, and concierge service. Prime location. Just minutes away from Scottsdale Fashion Square Mall, Old Town Scottsdale, premier dining options, theaters, and the new Caesar's Republic Hotel, this condo is at the heart of Scottsdale's vibrant lifestyle. Don't miss your chance to own this exceptional property that combines luxury, convenience, and unparalleled views.
35435 N Windmill Road
Scottsdale, AZ 85266
$1,875,000
4
Beds
3
Baths
3,910
SqFt
Status
Active
MLS #
6715184
Property Type
Single Family Residence
Price Type
--
If you're looking for Privacy and Views then this is it!! For the first time ever on the market, this spectacular 3910sqft, 4 bed, 3 bath residence sits on 2 acres and offers WOW mountain views and jaw dropping vistas! You'll feel like you're in your own Scottsdale Resort! This great room floor plan is perfect for entertaining and comfortable living. The amazing backyard and pool make for a perfect retreat. Don't miss the opportunity to come see beautiful home before it's gone! Horses are allowed here. NO HOA!
4206 E Earll Drive
Phoenix, AZ 85018
$1,875,000
4
Beds
4.5
Baths
3,188
SqFt
Status
Active
MLS #
6694743
Property Type
Single Family Residence
Price Type
--
Welcome to your dream oasis in Arcadia Lite! This stunning 4-bed, 4.5-bath boasts an open living space, perfect for entertaining. Elegant hardwood flooring flows throughout, enhancing the ambiance. Each bedroom features an ensuite for privacy and a walk-in closet for ample storage. An expansive laundry room adds convenience. Outside, enjoy a beautiful pool with travertine and mature palm trees. Don't miss this gem! Experience luxury living in an amazing location Owner is a licensed real estate agent in Arizona.
4051 W Falling Leaf Road
Show Low, AZ 85901
$1,875,000
3
Beds
4.5
Baths
3,910
SqFt
Status
Active
MLS #
6719135
Property Type
Single Family Residence
Price Type
--
Retreat to the luxury of the cool White Mountains in Show Low's Torreon! One of the premier custom Cambric built homes on the Cabin golf course hole twelve. Nestled against a dreamy pond setting with fairways and water in both directions. This thoughtfully designed home has two large primary bedrooms on the main level with walk-in closets and spa retreat bathroom suites graces with gorgeous tile, stone and custom lighting. Both suites have decks with private access, see through fireplaces and ambient LED lighting. Entertain guests in this chef's kitchen with La Cornue gas range, Sub Zero refrigerator, wine steward and built-in microwave & dishwasher. Enormous kitchen pantry and additional storage under staircase. Gorgeous granite countertops with bar seating for 10 and breakfast room that boasts room enough for large dining table for dinner with family & friends! Extend your parties out to the deck overlooking the golf course. Bar-b-que on the patio or nestle up to the fireplace and roast a s'more. Upstairs is a large loft with fireplace and wet bar. Large bunkroom with four full-sized bunks. Two full bathrooms with showers for kiddos or guests and large balcony for star-gazing in the evenings. Torreon offers many country club amenities including fitness room, heated pool & spa, walking paths and two course. Invite guests to join you at one of the two restaurants or spend time at the kids club, tennis or pickle ball courts. Several memberships offered.