The Major Keys to Understanding When It’s Time to Refinance Your Mortgage

The Major Keys to Understanding When It's Time to Refinance Your MortgageAs 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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5223 W Encanto Verde -- San Tan Valley, AZ 85144

$1,749,997
4 Beds
4.5 Baths
4,311 SqFt
Status Active
MLS # 6759132
Property Type Single Family Residence
Price Type --
Magnificent property with incredible mountain views at Encanto Real is a dream come true! This gorgeous home sits on over a one-acre lot, offering an exquisite curb appeal complemented by a carefully designed desert landscape, paver patios & pathways, a 4 car garage, and two RV gates. The stunning interior will take your breath away with its massive open floor plan; from the impressive tall ceilings to the oversized tile floors and the sophisticated light fixtures, the sheer beauty & impeccable attention to detail of this sleek & contemporary design will leave you in awe. The living room has an accented wall with a recessed electric fireplace, adding warmth & comfort to the atmosphere. Elegance & modernity seamlessly mix in this refined white kitchen showcasing stacked shaker cabinets with crown moulding, glass door cupboards, granite counters, high-end Kitchen Aid Stainless Steel appliances, and an island with a porcelain farm sink. Multi-sliding glass doors connect the outstanding interior with the outdoor living. Generously-sized owner's suite hosts a luxurious spa-like ensuite with high-end details that'll make you feel in paradise. Freestanding double slipper tub, two vanity sinks, large glass shower with built-in bench & double rain heads, make-up vanity, and a massive walk-in closet are features that can't be left unsaid. In addition, this fabulous layout includes a spacious family room for movie nights and an entertainment room comprised of a large wet bar & an oversized waterfall bar with seating area and easy access to the back patio. The bountiful laundry room includes attached cabinetry, a utility sink, and abundant counter space. The big covered patio is ideal for relaxing while enjoying your favorite beverage and contemplating colorful sunsets behind the Mtns. The expansive backyard is a blank canvas waiting on its new owner's creative touch to transform into a desert Oasis. This value is a true wonder! You don't want to miss it. Act now!

10758 E Tamarisk Way Scottsdale, AZ 85262

$1,749,900
3 Beds
3.5 Baths
3,464 SqFt
Status Active
MLS # 6737024
Property Type Single Family Residence
Price Type --
Captivating contemporary residence in the Village of Cochise Ridge at Desert Mountain. This remarkable home boasts expansive living areas, four gas fireplaces, and two strategically positioned skylights infusing natural light for a crisp and clean aesthetic. The third bedroom showcases tall glass sliders, a closet, and a private bathroom with a shower. The Jr. suite offers privacy with its own exit, a spacious walk-in closet, & a bathroom featuring a shower. The primary bedroom provides easy access to the backyard from its private patio for seamless enjoyment of the spa and pool. Indulge in the wonders of the desert from the tranquil, sun-soaked south-facing patio, which offers breathtaking sunset views. The outdoor oasis includes a private pool, spa, and an inviting fireplace barbecue

18206 W San Miguel Court Litchfield Park, AZ 85340

$1,749,000
4 Beds
3.5 Baths
3,873 SqFt
Status Active
MLS # 6751277
Property Type Single Family Residence
Price Type --
This stunning home, with an assumable loan is located in the gated community of Russell Ranch. As you enter through the gated courtyard you will appreciate the bright open concept split plan residence that flows from the front to the rear of the home through the 12' sliding pocket door. The beautiful gourmet kitchen offers 2 dishwashers, 60'' wolf range, built in column refrigerator/freezer, extra-large quartzite island and counter tops. Separate area for coffee bar and large pantry, wet bar includes icemaker and beverage cooler with a bifold window that opens to the outdoor entertaining patio. The dining room features a 9' x 12' temperature-controlled wine display. Enjoy the relaxing and incredible master suite with elegant soaking tub, steam shower and marble counter tops. large bonus room. The extra deep 3 car garage with built-in cabinets and RV garage provides plenty of space for all of your vehicles and toys. Home was professionally designed and has top of the line features throughout. This home is an Entertainers Dream!!!

10598 E Tamarisk Way Scottsdale, AZ 85262

$1,749,000
3 Beds
3.5 Baths
3,500 SqFt
Status Active
MLS # 6761634
Property Type Single Family Residence
Price Type --
Welcome to your freshly painted immaculately maintained home in the prestigious guard gated community of Desert Mountain. With a large primary ensuite bedroom with gas fireplace and a second primary ensuite bedroom with a separate entry for privacy. The south facing wrap around patio has mountain, golf course and city lights views as well as a gas fireplace & BBQ grill and an in-ground spa with gas heater. Membership not included but available through the Desert Mountain Club, For details contact the Membership office. As a lock and leave home or your primary residence, this Cochise Village home provides a wonderful setting for your Arizona lifestyle. Seller is Owner Agent

17904 E Veit Springs Drive Rio Verde, AZ 85263

$1,749,000
3 Beds
3.5 Baths
2,912 SqFt
Status Active
MLS # 6684098
Property Type Single Family Residence
Price Type --
THIS EXQUISITE LUXURY HOME WITH CUSTOM UPGRADES THROUGHOUT AND MOUNTAIN VIEWS IS LOCATED AT THE PREMIER TRILOGY VERDE RIVER GOLF RESORT COMMUNITY. The home has a grand appearance due to the spacious Great Room with 10' ceilings, engineered white oak flooring, custom beams and lighting, plantation shutters throughout, a gourmet kitchen and a 20' multi sliding glass door that opens to the extended covered patio, pool, spa and outdoor kitchen. It's designed for entertaining with attention given to every detail and high-end finishes throughout. The custom kitchen is equipped with upgraded appliances, cabinets, custom walnut island, quartz counters, two ovens, amazing backsplash, beverage cooler, wine cooler, rollout shelves, oil rubbed pendants, undercabinet lighting and a large separate dining room; Luxurious primary suite with a custom beadboard ceiling, ceiling fan, spectacular bathroom with oversized shower, soaking tub and floor to ceiling tile; Two beautiful guest suites; Den/Office with beams, accent walls, built-in cabinet, French doors; Alcove with custom cabinets; Beautiful powder room with custom accent wall; Smart room with laundry sink and upgraded tile floors; Spectacular backyard with mountain views, heated pool with silver travertine surround, spa, firepit; Covered patio over 765 sq ft. with custom beadboard ceiling outdoor TV, speakers, 2 fans, built-in upgraded grill and refrigerator. 4-Car tandem garage with epoxy floor, air conditioning, electric charger; Plus, gorgeous landscaping, courtyard with sunscreens, outdoor lighting, 500 gal. propane tank, extra wide driveway, full house water filtration and softener. Experience Trilogy at Verde River, a stunning resort style community nestled against the beautiful Tonto National Forest. The amenities at Verde River are spectacular. The Community boasts an 18-hole Championship Golf Course with a picturesque driving range, putting green, and separate chipping/pitching practice areas. One visit and you will understand why the PGA Southwest Section selected Verde River Golf & Social Club to host the AZ Senior Open and AZ Match Play Championships in 2020, 2021 and 2022. The active lifestyle amenities continue with pickle ball and tennis courts, with Clubs designed for social or competitive play. Adjacent to the sport courts for your convenience are bocce ball courts and an open grass area for social gatherings. The Community Clubhouse is all encompassing including a critically acclaimed restaurant, Needle Rock Kitchen and Tap, with a hugely popular wine and beverage program, Helen's Kitchen, a chef's inspired kitchen designed for cooking classes, and The Market Place, a favorite of member's for grabbing a morning coffee or picking up a forgotten grocery item. Love the Arts? Spend time at the Art Loft, where classes are offered in a variety of disciplines. The Clubhouse has an Events Center, designed to manage the needs on any member event. Attached to the Community Clubhouse is Alvea Spa, complete with Spa and Salon services, and Afterburn Fitness, a state-of-the-art workout facility that offers a variety of group fitness classes. Following your workout, enjoy convenient locker room facilities, and steam rooms. Just steps away from the Clubhouse in the Resort Pool, Lap Pool, and Sauna, all of which are heated. Enjoy the view, with food and beverages at Eddy's Poolside. Have a dog? Experience a dog-friendly community with a 7.5-acre dog park, with canopy shading coming soon for those warm AZ days. Trilogy at Verde River's location provides residents with the tranquility of the Tonto National Forest and the convenience of a short drive to the heart of North Scottsdale. Get the best of both worlds and see why you could be calling the Community, Home!

12028 N 80th Place Scottsdale, AZ 85260

$1,749,000 - 4Br/3Ba -  for Sale in Scottsdale Country Club East 9, Scottsdale
Open House
$1,749,000
4 Beds
2.5 Baths
2,934 SqFt
Status Active
MLS # 6772749
Property Type Single Family Residence
Price Type --
Own an Updated Home in Beautiful Scottsdale Country Club East 9 gated community. Fabulous Sunset, Starfire Golf Course and Camelback Mountain views. Super convenient mid-Scottsdale Location. Superb Layout at almost 3000 sf. 4 Bedrooms with 4th being in a great location near primary bedroom, creating an owner's suite feel. 2.5 baths. One of the few 3 car garages on the smaller lots. High end kitchen cabinetry in a cook's kitchen with new quartz countertops. Thermador Built in refrigerator with co-ordinated Wine cooler. New large format porcelain tile throughout with new hardwood flooring in primary bedroom. Wonderfully large rooms. Laundry room includes small doggie shower that doubles as a laundry sink and a drop station for electronics! Don't miss this warm and welcoming renovation.

504 E Linda Lane Phoenix, AZ 85086

$1,748,500
4 Beds
4.5 Baths
3,530 SqFt
Status Active
MLS # 6689742
Property Type Single Family Residence
Price Type --
**33K ANNUAL INCOME FROM INTERNET LEASE, 3 YEAR CONTRACT, RENEWABLE. This magical 5-acre property sits high on the hill boasting epic mountain &/or City views in every direction. This high-quality luxury home was made to take in unobstructed mountain views from every window. The perfect Great Room-split bedroom floorplan- Kitchen open to the great room with massive wrap around island & ample cabinet/counter space. This gourmet kitchen includes a walk-in Pantry, granite counter tops, high-end stainless-steel appliances including double oven & built-in oversize refrigerator. The spacious owner's suite with separate walk-in shower & tub & large walk-in closet. & upgraded fixtures. This home has an enormous back patio with recessed lighting, propane patio heaters & fire tables. The views are endless & the Sunsets are EPIC. The garage can easily be converted to living space-complete with spray foam insulation, electrical & ceiling fan box. There is an additional 200amp breaker at the East side of the house so you can add whatever you like. Back-up generator runs on propane. The roof was recently recoated, 5 year warranty. PRIVATE WELL with 6,800 gallon holding tanks & 5 year warranty on the well pump. 2 water softeners with filter at the main line. Room to park 15 cars! Security gate with remote access. No one has a home like this on a large parcel like this one. Even though it is hillside, there is plenty pf space down below for another home, a horse set, a workshop/additional garage, whatever your dream is. The Maricopa Trail & Preserve is right outside your back door for adventure & exploration. Close to the new TSMC Chip manufacturing plant. Easy access to the I17 & Carefree Hwy, Grocery, Retail, banking & more. **Since every home has its own private bath & you have a private studio, this home would make a great Vacation rental, multigenerational home or full-time residence. **

8201 E Kalil Drive Scottsdale, AZ 85260

$1,745,000
4 Beds
3 Baths
3,681 SqFt
Status Active Under Contract
MLS # 6779262
Property Type Single Family Residence
Price Type --
Outstanding single level Monterey built home in the desirable community of Scottsdale Country Club East 9. Fabulous golf course views. 4 Bedroom split plan plus extremely large Office, 3 Baths with approx. 3681 square feet. Large kitchen open to the breakfast room and family room with dramatic fireplace. Large primary suite with a luxurious bath with separate tub and shower with 2 large walk-in closets. 3 Car Garage.

10722 N Skyline Drive Fountain Hills, AZ 85268

$1,744,000 - 4Br/4Ba -  for Sale in Summit At Crestview, Fountain Hills
Open House
$1,744,000
4 Beds
3.5 Baths
4,046 SqFt
Status Active
MLS # 6786367
Property Type Single Family Residence
Price Type --
Looking for breathtaking views? Discover some of the finest vistas available for new construction in The Valley! Nestled on hillside homesites, this exceptional property offers both stunning daytime panoramas and twinkling nighttime scenery. Designed for effortless single-level living, this home includes the added bonus of a walk-out basement. The main floor showcases an expansive great room with soaring 12' ceilings and oversized picture windows that frame the incredible views. A gourmet kitchen seamlessly connects to a spacious covered terrace, perfect for soaking in the beauty of Crestview Canyon and its surroundings. Ideally located near the Scottsdale border, this home offers unparalleled convenience to the best of the area. The main level also features a luxurious primary suite, a dedicated home office, and an elegant living area. Downstairs, the walk-out basement surprises with a spacious media room and two additional bedrooms. Don't miss the chance to explore this remarkable community.

7454 E Cochise Road Scottsdale, AZ 85258

$1,740,000
4 Beds
3.5 Baths
2,992 SqFt
Status Active
MLS # 6731909
Property Type Single Family Residence
Price Type --
This home is a hidden gem! Scottsdale Road and Shea. Secluded gated community offering private pool, spa AND community pool. Kitchen has GE Monogram DBL ovens, gas cook top and bar. Kitchen is perfect for entertianing friends and family. 2 gas fireplaces, 15 ft vaulted ceilings, north / south exposure. Corner lot. 3 car garage with built in storage cabinets. Split floorplan, numerous glass doors to pool, spa and back yard space. Open, bright and light. Warm and inviting with plenty of space to relax and enjoy. Close to numerous fantastic restuarants, theaters, resorts, spas, parks, green belt, golf, hospitals and freeway. ,Hyatt Resort. Gainey Ranch shopes and dining are minutes away. This property is truly a must see to appreciate!

17808 E Bear Wallow Way Rio Verde, AZ 85263

$1,740,000
3 Beds
3.5 Baths
3,004 SqFt
Status Active
MLS # 6688055
Property Type Single Family Residence
Price Type --
Spectacular mountain views set the tone for this luxurious modern 3,004 sqft home in Trilogy Verde River. Amenities include golf, tennis, pickleball, pools, fitness center, restaurant, and much more. All in a guard gated community. This Orion model home features 3 beds, 3.5 baths, great room, office, extra large laundry/hobby room, bonus room plus 3 car garage with many first class upgrades throughout the home. The back covered porch has a huge standing propane fireplace, other paver sitting area, synthetic grass and Beautiful views of Four Peaks. Don't miss your chance to enjoy living in this remarkable residence with rare, hard to find Mountain Views.

7114 E Pasadena Avenue Paradise Valley, AZ 85253

$1,739,900
4 Beds
2.5 Baths
2,640 SqFt
Status Active
MLS # 6684144
Property Type Single Family Residence
Price Type --
LOCATION LOCATION LOCATION. Walking distance to Fashion Square Mall & all entertainment/dining Old Town Scottsdale has to offer. Home has incredible views of Camelback Mountain & an open floor plan that you'll fall in love with. Beautiful private courtyard w/ room for a pool. Kitchen includes BlueStar oven range, Carrara marble counters & a natural soap stone counter island w/ so much space to make even the best of chefs jealous. The oversized master suite will blow you away. Master bathroom has separate tub w/ oversized remodeled shower. Other features include gorgeous private backyard, high end artificial turf & white lady banks rose bushes to give the home a high end California feel to it. Upgraded lighting throughout, quartz countertops in the laundry room.

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