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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7201 N 23rd Place Phoenix, AZ 85020

$4,200,000
4 Beds
4.5 Baths
5,645 SqFt
Status Active
MLS # 6754404
Property Type Single Family Residence
Price Type --
Tour Your Desert Jewel at ''House in the Rock'', a breathtaking architectural masterpiece nestled within a secluded canyon at Piestewa Peak. Set on a 13,522-square-foot lot with nearly 6,000 square feet of living space, this estate seamlessly blends modern luxury with the rugged beauty of the desert. Designed to appear as if it grew from the surrounding terrain, the home stands as a true fortress—the most expensive build on the mountain, requiring the mountainside to be blasted and reinforced with steel and concrete. Every detail, from the hand-fabricated steelwork to the raw materials, showcases exceptional craftsmanship and durability. A hand-laid curved driveway leads to a secure motor court for five luxury vehicles, setting the tone for the grandeur inside. Ascend to the main living spaces via an Otis Commercial Elevator or steel stairs, arriving at a dramatic pivot door crafted from steel and glass. Inside, you'll be greeted by 180-degree city and sunset views, though the showstopper is the linear wall of fire set against the backlit mountainside. The kitchen is equipped with top-of-the-line appliances, walnut cabinetry, and quartz countertops, while the great room offers a seamless indoor-outdoor living experience with automated glass doors. The second floor houses the owner's suite and two ensuite bedrooms, each with private balconies, as well as a stunning pool terrace carved into the rock, featuring a heated pool and spa. The top level is a true entertainer's dream, with a wet bar, full bathroom, and access to the expansive rooftop Sky Yard, a desert garden perfect for gatherings. Combining impeccable craftsmanship, unparalleled views, and cutting-edge construction, House in the Rock is a one-of-a-kind desert sanctuary built to stand the test of time. This house is not for just anyone, its for those with a keen eye and a taste for the extraordinary.

3933 E Rancho Drive Paradise Valley, AZ 85253

$4,200,000
6 Beds
5.5 Baths
7,655 SqFt
Status Active
MLS # 6757463
Property Type Single Family Residence
Price Type --
The property boasts stunning, uninterrupted views of Camelback and Praying Monk Mtns. The previous home was demolished, leaving an oversized 3-car garage and a 884 +/- sq.ft. guest home sitting on over 1.2 acres. You can live in the guest home while building your dream house. The modern guest home has one bedroom but can be converted into a two-bedroom home, with one bathroom, a full kitchen, laundry, and separate parking (built in 1994). This beautiful corner lot, featuring desert landscaping, has a heated pebble tech lap pool & spa, a labyrinth, & a lovely lounging area to enjoy the breathtaking Arizona sunsets. The property is located in the heart of P.V, close to major shopping, dining, hiking and biking trails &commute routes.

14202 N Territory Trail Fountain Hills, AZ 85268

$4,200,000
4 Beds
3.5 Baths
4,787 SqFt
Status Active
MLS # 6773542
Property Type Single Family Residence
Price Type --
Enveloped by sweeping mountain and canyon views in Adero Canyon, this highly-customized single level and not one stair, in this luxury design by Toll Brothers is situated on three-quarters of an acre, embodying sophistication and serene desert living with contemporary stacked stone finishes accentuated by custom metal entrances. A private gated front courtyard with travertine hardscaping welcomes, inviting relaxation by a stone water feature morning or evening. Soaring lines draw your attention to the custom metal and glass front door, opening to modern finishes and neutral backdrops whispering of dramatic, elegant overtones with a 20-foot tongue and groove wood ceiling outlined by clerestory windows and disappearing patio doors welcoming in abundant natural light and views. The outdoor oasis speaks to you with an expansive covered patio, complete with built-in cooking area including barbeque, seamlessly connecting to a stunning living space offering a private pool with stacked stone water feature, separate spa with custom surround, putting green, fire pit and spacious turf scaping enveloped by lush vegetation. Custom iron view fencing welcomes private desert views, making this an ideal spot for al fresco dining, evening cocktails or simply unwinding under the stars. The open-concept interior centers around the great room, with floor-to-ceiling custom stacked wall and marble surround dual-sided gas fireplace, and chef's kitchen, each perfectly positioned for intimate gatherings and relaxed ambiance for entertaining. The modern kitchen with 8-foot-wide quartz island offers additional seating and storage, ideal for watching chefs create delectable meals with premium Wolf and SubZero stainless appliances including dual ovens and 6-burner gas range. A bar with dual beverage drawers and wine refrigerator is tucked away nearby. Offering a split floorplan design, bedrooms are positioned for privacy. The primary suite captures private views of mountains and the backyard, finished with his and hers walk-in closets to accommodate the most discerning wardrobe. The primary bath is a tranquil retreat with custom wall paper finishes, dual vanities with quartz counters and freestanding soaking tub for rejuvenation. Two ensuite guest bedrooms offer a separate entrance from the second garage, perfect for multi-generational living, with an office/den nestled nearby. The storage opportunities are endless offering custom cabinetry at the key drop entry from garage, abundant storage in the expansive laundry room, walk in pantry and an interior temperature controlled large storage room. Adero Canyon residents are walking distance to Adero Canyon hiking trails as well as a short drive to nearby Adero Club, with the conveniences of both Fountain Hills and Scottsdale in close proximity including the Mayo Clinic and top-rated Basis School. This tranquil sanctuary celebrates the natural beauty of Arizona while offering the ultimate in modern luxury living, an opportunity to embrace.

2652 E Pelican Court Gilbert, AZ 85297

$4,200,000
5 Beds
6.5 Baths
7,018 SqFt
Status Active
MLS # 6768273
Property Type Single Family Residence
Price Type --
Exceptional Entertainer's Dream Home with Multi-Generational Living in Gilbert, AZ Welcome to this stunning resort-style residence that offers the ultimate in luxury living and entertainment, while also being perfectly suited for multi-generational living. Nestled in the heart of Gilbert, this one-of-a-kind property, located in a gated and guarded community, is designed for those who love to entertain, relax, and create lasting memories with family and friends. Key Features: ●

31002 N 56th Street Cave Creek, AZ 85331

$4,200,000
4 Beds
3.5 Baths
3,046 SqFt
Status Active
MLS # 6777013
Property Type Single Family Residence
Price Type --
Seamless Blend of Elegance and Function will Amaze when you walk into this Sophisticated Home. Completely Remodeled in 2020 with carefully chosen appointments crafted for a one of a kind living experience. Kitchen features extra large island where your guests and family will love gathering next to the great room. Downstairs Master has retractable door to patio and private Spa. It's bath has a huge steam room/shower. Custom hanging rods in the closet. Tasteful ambient lighting sets off the double sinks. This artist owned and designed home continues the sophistication up the modern stairway to three additional bedrooms, two bathrooms and a large fully functional art studio. This could be an extra guest bedroom or office area. Large balcony enhances upstairs lifestyle. SEE MORE Your horses will appreciate their new insulated barn with padded flooring, radiant heating lights & oscillating fans in every 20 x 24' stall. They also have walk outs on all 5 stalls. There is a large 1500 sq ft Casita with office, workout area, bedroom and kitchen, plus bonus storage with washer and dryer. That's not all. Huge covered parking for your big rigs & motor home. Plenty of turn around space with a large open driveway. All the facility is security locked behind a privacy gate.

3921 E San Miguel Avenue Paradise Valley, AZ 85253

$4,200,000
5 Beds
4 Baths
4,359 SqFt
Status Active
MLS # 6776168
Property Type Single Family Residence
Price Type --
Updated Paradise Valley Southwestern-Modern home offering relaxed elegance with all the features you desire! Split floorplan includes stunning updated primary suite-a designer showcase! Updated cook's kitchen will satisfy ANY chef with professional design and top-tier appliances including 3 ovens, Teppanyaki side-plate, warming drawers & espresso maker. A home for entertaining, you'll find a generous dining room, separate detached guest house, courtyards, patios, plus an amazing view of Camelback Mountain. PV Acre+ lot offers recently updated pool & spa, showcasing mature landscape w/ample entertaining areas! Wine cellar, prep kitchen, oversized laundry...living is easy; 4 car garage is a rare find at this price point! Refined Arizona Elegance in the Heart of PV! NEW TO MARKET Features: Praying Monk Stunning Views Near Phoenix Country Day School & Aquatic Center Fabulous PV Location near all things Camelback Corridor, Arcadia & PV Cool AZ Block Ranch House with Large Shade Overhangs Watch every Sunset turn red on the Mountain Detached EnSuite Guest House Heated Pool & Spa with Mountain Views Large Over-Acre Lot, Privacy and More Huge Mesquite Trees for Shade and Desert Surround Single Level Home, No Stairs at all Windows and Doors literally all around home Indoor Out Wrap-Around Feel Kitchen is a Chef's Dream & Entertaining Space Breakfast Bar goes on for a Mile & Seats ALL Commercial Vent Hood w/ 6 Burner Gas Wolf Stove Teppanyaki Grill will surely delight Scotsman Ice Maker for all the parties Beverage Center for all the drinks 3 Wall Ovens & a Warming Drawer Miele Microwave & Espresso Maker w/ Cup Warmer Motion Sensor Water Faucet 2 Bosch Dishwashers Stainless Steel, Stone & Quartz Column Fridge & Full Freezer in the Pantry Cabinets all Soft Pull & Drawers where you want them Living Room/Family Room Corner Gas Fireplace Wall of Doors to Outside Integrated Picture Frame TV (7 TV's may convey) Control 4 System w/ 3 TV's & Music Incorporated Surround Sound in wall system Skylights and Exceptional Lighting throughout Dining Room Seats 12+ for all Holiday Gatherings Wine Cellar holds 700+ Bottles and Has Dual Refrigeration Units Courtyard Entrance Greets w/ Fountain & Pergola Primary Bedroom EnSuite is Massive Gas Fireplace and Sitting Area plus Exterior Doors to Pool Wake up to Daily Camelback Mountain Primary Bath is beyond gracious in Space & Storage Soaking Tub, Open Air Shower with Wood Seat Vanity for All, Separate Water Closet LED Mirror, Under-lit Cabs, & Skylights Enormous Walk In Closet with Dresser & Built-Ins Home has 4 Beds & 3 Baths Main House and 1 Bed & 1 Bath in Guest 4359 SF Total; Main House 3988 SF; Guest House 371 SF Pristine Lot is 45,274 SF lot or 1.039 Acres of Landscaped AZ Desert Guest House has a Large Bedroom EnSuite & is Detached Bed 2 is a true 2nd Master with EnSuite, Dual Vanity & Exterior Exit Bed 3 is also ample and has Exterior Exit Bed 4 currently has Bunk Beds & Room for more Built In BBQ and Lovely Grounds Pavered Driveway with 4 Car Garage 80 Gallon Gas Hot Water Heater w/ pump 3 Gas Heaters, 3 HVAC's plus 1 Mini Split for GH Laundry has Storage Galore & Front Load W/D This is AZ Living in Paradise Valley at it's Finest!

3830 N 54th Court Phoenix, AZ 85018

$4,200,000
4 Beds
3.5 Baths
3,149 SqFt
Status Active
MLS # 6781486
Property Type Single Family Residence
Price Type --
Nestled in the heart of Arcadia, this tastefully designed home exudes elegance and sophistication. With its open spaces and thoughtful layout, it offers the perfect setting for both comfortable living and entertaining. The property boasts stunning views of Camelback Mountain, providing a picturesque backdrop for everyday enjoyment. Upon entering, you'll be greeted by the seamless blend of modern and classic elements that define this home. The interior features four bedrooms, 3.5 bathrooms, a luxurious master suite, and private den. The wood flooring throughout adds warmth and charm, complementing the custom tiles that adorn the bathrooms and kitchen. The kitchen itself is a culinary enthusiast's dream, featuring top-of-the-line appliances and a spacious island for gathering with loved ones. Wooden beams grace the ceilings, adding character and a sense of architectural distinction, while the neutral palette enhances the home's chic aesthetic. Additionally, a wine cellar is the perfect place to store and showcase your collection. Stepping outside the entertaining areas are thoughtfully designed, featuring a pool, spa, putting green and unobstructed Camelback mountain views. This charming property offers a seamless fusion of modern comfort and classic elegance. With its open living spaces, stunning mountain views, and luxurious amenities, it provides a truly exceptional living experience in the heart of Arcadia.

6715 E Montecito Avenue Scottsdale, AZ 85251

$4,200,000
5 Beds
6.5 Baths
4,540 SqFt
Status Active
MLS # 6658706
Property Type Single Family Residence
Price Type --
This stunning Scottsdale home nestled one street over from Exeter. This custom home features an abundance of space and elegance provided by this meticulously designed home. The main house boasts four bedrooms and four and a half bathrooms, offering ample room for relaxation and privacy. The tastefully decorated interiors create an atmosphere of refinement and comfort throughout. Experience unrivaled comfort with ceiling fans and remote blackout blinds throughout the property. The main house features a stylishly appointed gourmet kitchen equipped with best-in-class stainless steal appliances, Stunning quartz countertops, an oversized island perfect for entertaining. This beautiful open concept living area offers luxury at its finest. Exquisite resort-like amenities: Step into your private oasis. Lounge by the shimmering swimming pool, sit around the state-of-the-art firepit, and enjoy alfresco dining on the expansive patio. Fire up the BBQ grill for a delightful cookout or simply savor the tranquility of the beautifully landscaped backyard. The attached casita is adjacent to the main house, the casita Living area offers a separate haven for additional privacy. It features a private entrance, a well-appointed bedroom, a fully equipped kitchenette, and a bathroom. Perfect for couples or those seeking extra space, the casita ensures a tranquil and exclusive retreat. spacious bathroom w/ 2 vanity sinks + an expansive walk-in rainfall shower and separate soaking tub

7175 E Camelback Road Unit 1201 Scottsdale, AZ 85251

$4,200,000
3 Beds
3.5 Baths
3,627 SqFt
Status Active
MLS # 6752000
Property Type Apartment
Price Type --
Welcome to your dream penthouse—an extraordinary three-bedroom residence that epitomizes luxury and sophistication, offering panoramic city lights and breathtaking mountain views. Nestled atop one of the most coveted buildings in Scottsdale, this penthouse is a true gem in the sky. The gourmet kitchen is a chef's paradise, with state-of-the-art appliances, beautiful cabinetry, and elegant granite countertops. The primary suite is a private retreat, offering a serene escape. It includes a generous walk-in closet and a private oversized patio. Residents enjoy a host of exclusive amenities, including a fitness center, a rooftop pool, clubhouse, a dedicated concierge, and valet service. The beautifully landscaped grounds provide a tranquil retreat, while the location ensures you are just... steps away from the best dining, shopping, and entertainment Scottsdale has to offer. Whether you're seeking a serene escape or a vibrant urban lifestyle, the Scottsdale Waterfront Residences offer the perfect blend of both. Experience unparalleled comfort and sophistication in one of Scottsdale's most sought-after addresses.

10801 E Happy Valley Road Unit 108 Scottsdale, AZ 85255

$4,200,000
4 Beds
4.5 Baths
5,350 SqFt
Status Active
MLS # 6679843
Property Type Single Family Residence
Price Type --
This stunning Terry Kilbane-designed home sits on an interior, acre+ corner lot w/city light & mountain views in guard gated Glenn Moor at Troon. Excellent curb appeal w/stucco, copper, & natural stone accents along w/gorgeous landscaping. Step into an ideal layout w/large great room w/butt glass windows that highlight the city light views along w/3 ensuite bedrooms plus an office, a casita, & 4.5 baths. Formal dining w/b-in buffet, wine room, & gourmet kitchen w/subzero fridge, Miele steamer, warming drawer, double ovens, gas cooktop, dual sinks, & additional wine fridge. Custom touches throughout such as tongue & groove ceilings, Vega poles, concrete floors w/custom stone inlays, knotty alder cabinets w/brushed nickel hardware, pocket door in kitchen, 3 fireplaces, & tons of built-ins. Back yard was designed for outdoor living w/negative edge pool & spa, b-in heaters, bbq, fireplace, tons of covered patio & decking, & tremendous city light views. This home has been very lightly lived in as a second home and feels both warm and modern. Rare to find this combination of quality, views, & functionality. All this within 10 minutes os tons of golf courses, hiking/biking trails, shopping, dining, & all of the other amenities Scottsdale has to offer

8408 E La Senda Drive Scottsdale, AZ 85255

$4,200,000
5 Beds
6 Baths
6,191 SqFt
Status Active
MLS # 6740273
Property Type Single Family Residence
Price Type --
Experience the pinnacle of sophistication with this meticulously designed Hacienda-style residence, strategically located on the 18th fairway of the prestigious Pinnacle Peak Country Club Estates. This North-South facing home embraces the North Scottsdale lifestyle with its seamless integration of high-end finishes and architectural elegance. Upon entering through the gated courtyard, you are welcomed by a serene stone fountain, inviting fireplace and lush, well-established vegetation that enhance the home's refined character. Inside, the grandeur of the space is evident with elegant chandeliers, towering wood-beamed ceilings, and custom wood doors. The residence features reclaimed hardwood and manganese Saltillo floors, along with five meticulously designed fireplaces featuring, more custom ironwork, creating a warm and inviting ambiance. Spanning an impressive 6,191 square feet including detached casita and rare four car garage with storage, the open floor plan effortlessly balances expansive communal areas with private, luxurious bedroom suites and solar. The primary suite offers a private retreat with its dramatic wood-beamed ceiling, a cozy gas fireplace, and a spa-like bathroom complete with a pedestal soaking tub, dual vanities, and a custom walk-in closet. The open kitchen is a culinary dream, featuring custom cabinetry, rich stone wood butcher block countertops, a large center island with seating, and premium appliances including a Viking 6-burner gas range, copper farm sink, and built-in Viking refrigerator. Adjacent to the kitchen, a custom bar with a wine refrigerator and seating at sleek concrete counters offers convenience and style, seamlessly connecting to the covered patio through an accordion window. The great room, enhanced by a stone-surround fireplace and French doors, opens to the backyard oasis. This outdoor haven includes an expansive covered patio with a stone fireplace, multiple lounging areas, and an elevated patio overlooking a custom heated pool and spa with captivating water features. The lush, private backyard, complete with paver patios and walkways, features a built-in barbecue and ample space for outdoor dining and relaxation, all framed by serene views of the golf course. Residing in Pinnacle Peak Country Club Estates combines exclusivity, offering proximity to upscale shopping, fine dining, and top-rated schools. This residence is not merely a home but a tranquil sanctuary where elegance meets comfort.

4613 E Desert Park Place Paradise Valley, AZ 85253

$4,200,000 - 4Br/5Ba -  for Sale in Tatum Canyon, Paradise Valley
Open House
$4,200,000
4 Beds
4.5 Baths
5,214 SqFt
Status Active
MLS # 6751720
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Tatum Canyon, Paradise Valley. Where luxury living meets breathtaking natural beauty. Nestled on a sun-drenched hillside, this exquisite estate offers panoramic vistas reminiscent of a Santa Barbara retreat. Crafted by renowned luxury homebuilder Dave Hansen, this 5214 sqft masterpiece is a testament to meticulous craftsmanship and refined taste. As you step inside, you're greeted by a sense of grandeur, with marvelous views beckoning from every corner. 3 oversized car garage with a fantastic moderate driveway for hillside.

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