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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7113 N 183rd Avenue
Waddell, AZ 85355
$1,850,000
4
Beds
4
Baths
4,122
SqFt
Status
Active
MLS #
6771288
Property Type
Single Family Residence
Price Type
--
Move-in ready, luxury 1.86-acre horse property with solar in Romola - updated from floor to ceiling! With too many upgrades to list (check documents tab for details), this stunning property is an entertainer's dream. The home features newer exterior paint, a spacious 3-car garage, and lush landscaping front and back. Step into the large living room with a fresh palette, decorative wood beams, and an Urbana Bay Fireplace, creating the perfect ambiance for hosting guests. The updated gourmet kitchen is designed for the modern chef, with stainless steel appliances, tall cabinets, granite counters, a stylish tile backsplash, pantry, and a large center island with a breakfast bar. This property also offers a cozy family room, breakfast nook, and a den that serves as an ideal home office. The grand main retreat is your personal sanctuary, complete with patio access, a walk-in closet, and a lavish ensuite featuring dual sinks and granite countertops. The resort-style backyard is a true highlight, boasting an Olympic lap pool, built-in bar and BBQ, oversized patio, and lush green areas with irrigation. For horse lovers, there are five horse stalls, and the yard includes a gazebo and putting green. Additional amenities include a fire pit, dry sauna, and the impressive XL Cold Plunge. Don't miss the opportunity to own this luxurious horse property!
27601 N 110th Place
Scottsdale, AZ 85262
$1,850,000
3
Beds
3.5
Baths
3,518
SqFt
Status
Active
MLS #
6774221
Property Type
Single Family Residence
Price Type
--
Introducing the Quisana model, a luxurious home set on the largest premium corner lot with all top-of-the-line finishes. The expansive floor plan spans 3,518 square feet and includes a separate-entry casita along with all ensuite bedrooms. The resort-style backyard is an entertainer's dream, featuring a lounge pool with stunning multiple water features, a built-in BBQ, a covered patio, a fire pit, artificial turf, and a private view deck to take in breathtaking mountain and sunset views. The gourmet kitchen is a chef's delight, outfitted with high-end, furniture-grade alder cabinetry, granite countertops, a Wolf/Subzero stainless steel appliance package, a wine fridge, a spacious island with counter seating. Design touches throughout the home include arched niches, dome ceilings, plank and Versailles pattern travertine floors, cantera stone columns, designer paint, wood-beamed ceilings, and custom wood doors. The opulent master retreat offers a serene sitting area, a walk-in shower with multiple heads and settings, a negative-edge soaking tub with a ceiling-fill spout, designer cabinetry, dual sinks, two refrigerator drawers, and the warmth of two fireplaces. With so many extraordinary features, this home must be seen to be truly appreciated.
14629 E Shadow Canyon Drive
Fountain Hills, AZ 85268
$1,850,000
3
Beds
3.5
Baths
4,164
SqFt
Status
Active Under Contract
MLS #
6764578
Property Type
Single Family Residence
Price Type
--
Looking for your dream home nestled in the exclusive Shadow Canyon community? Look no further! This remarkable SINGLE LEVEL home offers a perfect blend of elegance, comfort, soft contemporary feel and functionality, making it the ideal retreat for the pickiest buyers. As you step inside you are greeted by a charming interior atrium featuring a cozy gas fireplace for relaxing and entertaining. This space has a layout that seamlessly connects all of the living areas, ensuring an effortless flow throughout the home. The kitchen is a culinary enthusiast's paradise, boasting modern appliances, including 2 dishwashers and double ovens. Elegant custom cabinetry provides ample storage, while a large walk-in pantry offers practicality for all of your culinary needs. The kitchen has a reverse osmosis system, ensuring pure fresh water at your fingertips. Watch for the oversized laundry room when you view this home! Adjacent to the kitchen is an eat-in kitchen, family room with fireplace and an library/office all with the MOST AMAZING MOUNTAIN VIEWS. The entertainment room has an oversized bar, two large subzero wine coolers and plenty of custom cabinetry. This is the perfect place for hosting gatherings, just open the slider to the atrium and your guest will be able to move freely from indoors to outdoors. The large primary bedroom has a special seating area to take in the beautiful views or if your tired after a long day, you can soak in the oversized tub. Step outside onto the patio to discover your private oasis which backs to serene natural landscaping providing both beauty and privacy. Enjoy the breathtaking sunrises from your cozy outdoor patio off the dining room. The backyard is designed for relaxation and leisure, featuring a negative edge pool and invites you to unwind and soak up the sun. The meticulously maintained grounds help make outdoor entertaining simply enjoyable and the perfect way to take in the tranquility of your surroundings. Off the living and dining area is another outdoor space features its own gas fireplace. Sit outside with a cup of coffee and take in the beautiful sunrise and views of four peaks mountain range, all while have a fire to keep you warm. There are unobstructed views from almost every angle of the home. Needless to say, it is move-in ready, showcasing the absolute pride of ownership evident in every detail. Located in a gated community, this property offers peace of mind and security, allowing you to enjoy your home with confidence. Shadow Canyon is known for its picturesque landscapes and friendly neighborhood atmosphere, making it a sought-after location. Don't miss this opportunity to own this stunning home that perfectly balances luxury and comfort in a desirable neighborhood. The lifestyle at Shadow Canyon awaits you! You will have to see this home to be able to appreciate all that it has to offer. The lot next to the home is 1.5+ acres is owned by the sellers and is available for sale. It is an easily buildable lot and would not impede your views. Pease see documents tab for upgrades.
2201 E Bethany Home Road
Phoenix, AZ 85016
$1,850,000
5
Beds
5
Baths
3,743
SqFt
Status
Active Under Contract
MLS #
6763608
Property Type
Single Family Residence
Price Type
--
Exceptional Cul-de-sac Lot with Mountain Views in Exclusive Bel Aire Estates! Experience a unique opportunity to own a property in one of the area's most desirable enclaves—a private community of premier homes that combines seclusion with easy access to 24th Street, Camelback Road, and the 51 freeway. Nestled on a sprawling 27,000+ square foot lot, this inviting ranch-style home offers 3,743 square feet of living space with endless potential for customization. The light-filled, open floor plan features 4 generously sized bedrooms and 3 bathrooms in the main house. A detached guest house adds versatility, with its own bedroom, one & a half bath, and laundry area—perfect for accommodating guests, multi-generational living, or a private home office.
6502 N 25th Way
Phoenix, AZ 85016
$1,850,000
3
Beds
3
Baths
3,315
SqFt
Status
Active Under Contract
MLS #
6763568
Property Type
Single Family Residence
Price Type
--
PRICED BELOW MARKET! Beautifully located in 24hr Guard-Gated Community. Just 15mins. to airport, Downtown PHX. & Scottsdale. Mountain & City Lights Views. On cul-de-sac & backs to mountain preserve w/ hiking trails. Thoroughly refreshed throughout. Engineered Wood, Satin finish Travertine & Bamboo floors. Custom 8ft wood interior doors & gorgeous Zebrawood, Brazilian Walnut railing. Kitchen updated w/ customized cabinets, Bosch Stainless appliances, built-in Ref & wine cooler, & Waterfall counters. Open Loft for office, den or fitness area. Interior painted in 2024 & exterior in 2022. Very private wrapped backyard w/ covered patio & large fountain - great for entertaining & outstanding sunsets. Solar panels. 3 car Epoxy Garage w/ EV charger. See Feature Sheet in documents tab
7511 E Woodsage Lane
Scottsdale, AZ 85258
$1,850,000
4
Beds
2.5
Baths
2,606
SqFt
Status
Active
MLS #
6786108
Property Type
Single Family Residence
Price Type
--
Experience luxury living at 7511 E Woodsage Ln where no expense was spared! Nestled just south of Gainey Ranch in the quiet enclave of Eastwood, this fully remodeled home boasts designer finishes coupled with impeccable functionality. The main house features 3 spacious bedrooms and 2.5 bathrooms with a bonus attached 4th guest bedroom that can double as the perfect work from home office or workout space. Upon walking up, you are immediately greeted by the cozy front pavered patio, custom steel french doors, white oak wood flooring throughout, and soaring vaulted ceilings in the living room. Just past the formal dining, you'll find the chef's kitchen which features SOLLiD cabinetry, Taj Mahal quartzite countertops, GE Monogram built-in appliances, Delta champagne bronze hardware, and a hidden walk-in butler's pantry you won't want to miss! This kitchen flows seamlessly into the open family room with the custom fabricated limestone fireplace front and center. The expansive master suite offers a spa-like bathroom with a freestanding tub, walk-in rain shower, double vanities, and a vast walk-in closet. Step outside to enjoy the private and tranquil landscape with a sparkling pebbletec pool, two covered patios, built-in BBQ kitchen, astroturf, and large format slate tiles. Located near the newly renovated Grand Hyatt and upscale dining, shopping, and golf, this home perfectly blends elegance and convenience. Additional features include: a brand new roof with warranty, newer HVAC, dual pane windows, custom steel gates, ethernet & cable drops throughout, all new landscaping, new red cedar wood garage door, epoxy garage floors, & modernized pool equipment.
6028 E Joan De Arc Avenue
Scottsdale, AZ 85254
$1,850,000
4
Beds
3
Baths
3,400
SqFt
Status
Active
MLS #
6787338
Property Type
Single Family Residence
Price Type
--
SELLER FINANCING AVAILABLE!!! This stunning TURN KEY single-story home offers 4 bedrooms, 3 bathrooms, and an open floor plan filled with natural light. Enjoy the luxury of two master suites on opposite ends of the home, a fully upgraded kitchen with high-end appliances, and a backyard paradise featuring a new sports court for basketball and pickleball, a pool, spa, outdoor dining with a bbq kitchen area & TV, and tons of space to expand or add a casita. Located in a quiet neighborhood near great restaurants and shopping, this home comes fully furnished and ready for you to enjoy. Paradise Valley School District A rare find in North Scottsdale—don't miss out! **Seller Financing with a minimum of 25% down (serious inquiries only please) $1,850,000
8530 E Pepper Tree Lane
Scottsdale, AZ 85250
$1,850,000
5
Beds
3.5
Baths
3,819
SqFt
Status
Active
MLS #
6784607
Property Type
Single Family Residence
Price Type
--
Amazing Opportunity - Builder's Dream - cul-de-sac lot in highly desirable central Scottsdale neighborhood comprised of large lots w/ custom renovated and new-build construction. Spacious home with open floor plan features 3,819 SF on 37,800 SF Lot, 4 BR + Den, 3.5 BA, 16' vaulted wood ceilings, skylights, dual fireplace, 3-car garage w/ storage closets, ±1,000 SF covered rear patio, pool, semi-circular driveway, RV gate, attractive landscaping, and surplus land area w/ potential for ancillary expansion (i.e. ADU/guest, office, sport court, play zone, RV/boat storage, etc.) Located near Pima and Indian Bend Rds. Excellent proximity to public/charter/private schools and rapidly growing retail/hospitality/entertainment district w/ Loop 101 access. Built in '82 with NO HOA, Sold ''AS IS' AC Units were updated in 2019 and 2021
8497 E Montello Road
Scottsdale, AZ 85266
$1,850,000
4
Beds
4
Baths
3,517
SqFt
Status
Active
MLS #
6765966
Property Type
Single Family Residence
Price Type
--
Experience the perfect blend of elegance and functionality in this meticulously designed home. The open floor plan creates a seamless flow between living spaces, making it ideal for both everyday living and entertaining. Enjoy vaulted ceilings and beautiful porcelain wood flooring throughout, with no interior steps leading to your backyard oasis. The gourmet kitchen boasts stunning quartz countertops, a custom travertine mosaic backsplash, and a built-in breakfast bar featuring a unique copper sink and faucet. Equipped with a Thermador double oven, gas cooktop, stainless-steel appliances, and a spacious walk-in pantry, this kitchen effortlessly connects to the family room, complete with a cozy gas fireplace. Retreat to the expansive primary bedroom, which offers direct access to the backyard. The luxurious primary bath features a large walk-in shower, a soaking tub, a dual vanity with maple cabinets, and a generous walk-in closet with double doors. Each additional bedroom has its own private bathroom for added convenience. Step outside to your backyard sanctuary, where you can unwind while enjoying breathtaking sunset and mountain views. The rooftop deck provides 360-degree vistas and is accessible via a spiral staircase. The outdoor space also features a sparkling pool with a grotto fountain, a sunken swim-up bar, and a 6-hole synthetic grass putting green. Complete with a covered patio and an inviting seating area with a gas firepit, this home is perfect for relaxation and entertaining alike.
10592 E Horizon Drive
Scottsdale, AZ 85262
$1,850,000
3
Beds
3.5
Baths
2,544
SqFt
Status
Active
MLS #
6751378
Property Type
Single Family Residence
Price Type
--
FULL GOLF MEMBERSHIP AVAILABLE!!! Beautiful Hacienda home at Desert Mountain. The home offers a wonderful courtyard entry with fireplace that leads to an open great room floor plan. There are two en-suites in the home and a separate loft complete with a full bath. The kitchen has dual Viking ovens, Viking Range and Viking refrigerator, microwave and generous sized island that opens up to the great room that is ideal for entertaining. The owner's suite features two closets, soaking tub and fireplace. The Hacienda Village has a community pool, spa, and exercise room.
37031 N Mirabel Club Drive
Scottsdale, AZ 85262
$1,850,000
3
Beds
3.5
Baths
3,366
SqFt
Status
Active
MLS #
6751900
Property Type
Single Family Residence
Price Type
--
Great home in the gated Mirabel Club. Situated on a quiet premium homesite with beautiful landscaping surrounding the home. The open kitchen with top of the line appliances has been tastefully updated and overlooks the great room. From the great room you enter a large covered outdoor patio area with pool, spa, fire pit and built in BBQ. Enjoy great views of mountains, natural desert and stunning Arizona sunsets. Additionally the home offers two bedrooms both ensuite, den and half bath on the main level and an attached loft with bedroom, full bath and outdoor patio.
10477 N 101st Place
Scottsdale, AZ 85258
$1,850,000
4
Beds
3
Baths
3,196
SqFt
Status
Active
MLS #
6771580
Property Type
Single Family Residence
Price Type
--
CAPTIVATING WATER/MOUNTAIN VIEWS! Located in highly sought after gated ''Island at Scottsdale Ranch''. Beautifully renovated with the finest finishes & upgrades. Popular Marquesa model offers 1 bedroom/office down w/full bath; upstairs you will find a spacious primary bedroom w/balcony & spiral staircase to pool area overlooking Lake Serena & mountains. Primary has 2 walk-in closets, new walk-in shower/tub. 2 generous guest rooms up with bath. Designer kitchen w/new cabinetry, Jenn-Air appliances, Wolf Induction cooktop that any Chef will love! Built-in bar for entertaining. Living room w/ soaring ceilings and romantic gas fireplace. NEW ROOF w/extended 10 year warranty. Cozy family room plus office/sitting room. Fabulous entertaining backyard w/pool & heated spa, private boat dock/boat with amazing indoor/outdoor living at its finest all on an over-sized lot. Pool recently resurfaced with new cool decking. Built-in BBQ on side patio convenient to the kitchen. Fresh epoxy floor in 2 car garage. Unique misting system (for bugs) covers the entire backyard so you can enjoy evenings sitting out. THIS IS A MUST SEE ... ONE-OF-A-KIND HOME! DON'T LET IT GET AWAY!