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

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.

Click Here to See What Your Home is Worth

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

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

1170 N 87th Place Scottsdale, AZ 85257

Open House

$619,000

3 Beds

2 Baths

1,592 SqFt

Status Active

MLS # 6784005

Property Type Single Family Residence

Price Type --

Exciting news for Scottsdale home buyers! A new property is hitting the market that combines modern comfort with incredible value. This charming home features a completely redone kitchen, spacious bedrooms, 2 bathrooms, as well as a 2 car garage; making it a fantastic choice for families, professionals, or anyone looking to settle in this vibrant area. With its open layout, ample natural light, and tasteful finishes, this home offers a welcoming and versatile space for entertaining or relaxing. Not only does it have everything you need, but it's also priced competitively—making it a great opportunity to secure your place in one of Scottsdale's most desirable neighborhoods. Don't miss the chance to tour this stunning property!

View Property

651 W Orchard Way Gilbert, AZ 85233

Open House

$619,000

4 Beds

2.5 Baths

2,836 SqFt

Status Active

MLS # 6740366

Property Type Single Family Residence

Price Type --

Sellers will offer incentive with the right offer! Perfect for the NEW YEAR ''2025'' This amazing home awaits you in the highly sought-after Neely Ranch community. Upstairs, newer carpet, four spacious bedrooms with an extra-large loft space. Updated primary bath with quartz double sinks and a tiled walk-in shower with privacy barn door. Lower level offers epoxy flooring and updated half bath, den is off the kitchen. Kitchen has updated quartz countertops, an island plus an extra-large walk-in pantry including laundry (Appliances included). Updated electrical, recessed LED lighting and dimmers throughout the entire smart-home. Salt Water pool, x-large backyard w/ privacy greenbelt behind home. Gilbert School District. Minutes away from Gilbert Town Square- Entertainment for everyone.

View Property

317 W Ivanhoe Street Gilbert, AZ 85233

$618,500

3 Beds

2 Baths

2,042 SqFt

Status Active Under Contract

MLS # 6777032

Property Type Single Family Residence

Price Type --

Coming Soon! Prime Location in Gilbert! Discover this beautiful, single-story home on an expansive lot, just steps away from a massive park. This home offers three spacious bedrooms, a versatile den that could serve as a fourth bedroom, two bathrooms, and a roomy three-car garage. Inside, enjoy a formal living and dining area, along with an open-concept great room that flows into a beautiful kitchen, that boasts stylish white cabinetry, stainless steel appliances, including stainless steel appliances and sparkling quartz countertops. The large island provides bar seating with views of the lush, grassy backyard. Outside, unwind under the covered patio, surrounded by mature trees and a vast backyard with endless possibilities for creating your ideal outdoor space. This home also features newer flooring and AC system for added comfort. Perfectly situated near Gilbert's best entertainment, shopping, dining, parks, and schools, don't miss out on this incredible opportunity!

View Property

1253 W Golden Ore Pass Apache Junction, AZ 85120

$618,253

5 Beds

3 Baths

2,760 SqFt

Status Active

MLS # 6740168

Property Type Single Family Residence

Price Type --

Discover the exceptional difference in your home-buying experience! Welcome to Mariposa at Blossom Rock, where our single-story Lily design is under construction now. Imagine an open-concept floor plan featuring a warm and welcoming kitchen that flows into a bright, airy great room. This space opens up to your private, covered outdoor room - perfect for relaxing or entertaining. Convenience of the 3-car garage that leads directly into the drop zone, making organization a breeze. With 5 spacious bedrooms, 3 luxurious baths, a great room with a dining area, and a flexible office space, this home has everything! Plus, we're including $55,000 in stunning upgrades to make this home truly special, and we're offering special financing to help. Home completion is estimated in October 2024.

View Property

1252 W J Waltz Way Apache Junction, AZ 85120

$618,007

4 Beds

4 Baths

2,575 SqFt

Status Active

MLS # 6781072

Property Type Single Family Residence

Price Type --

Experience the unique offerings of this home and buying journey. Welcome to Mariposa at Blossom Rock. The single-story Agave design, presents an open-concept floorplan featuring an inviting kitchen and a bright great room with a separate dining area that seamlessly connects to the private, covered outdoor room. The 2-car garage leads to a convenient drop zone, flex room/office, and more. $59,000 in upgrades are included. ***Special financing options are available.***Blossom Rock's amenities are designed to inspire outdoor living, including community parks, miles of trails, beautiful lakes, signature events, and more. Moreover, perfect blend of tranquility and adventure to enrich your everyday life.

View Property

2326 W Gloria Lane Phoenix, AZ 85085

$618,000

4 Beds

3 Baths

2,154 SqFt

Status Active

MLS # 6782146

Property Type Single Family Residence

Price Type --

Located in the highly sought-after GATED Community of Sonoran Foothills - 24 North. This Beautiful Home sits upon a Premium Corner Lot. NO direct neighbors to the side or back! Cul de Sac with Mountain & Desert Wash Views. Low Maintenance Backyard with View Fence & Covered Patio. This Home boasts UPGRADES THROUGHOUT - Perfect for Entertaining! Stunning open floor plan with HIGH Ceilings. GOURMET Kitchen that features Stainless Steel Appliances, UPGRADED Cabinetry w/ Pull-Outs, GORGEOUS Granite Countertops & CUSTOM Backsplash. PREMIUM Engineered HARDWOOD Flooring throughout - NO CARPET. Upstairs has a Spacious En-Suite Master, 3 more Bedrooms, a Big LOFT, and Separate Laundry room with W/D INCLUDED. BRAND NEW Water Heater. Water Softener. Community pool/spa, fenced dog park, and BBQ Ramada PREMIUM Upgrades & Features: Shea Homes - The Polaris Model 4 Bedrooms / 2.5 Baths The Light & Bright, OPEN FLOOR PLAN - perfect for entertaining or just relax & unwind North / South Facing Premium Engineered Hardwood Flooring - Throughout (no carpet) Shared Parking Groups For 3 Properties - other properties share with 6 groupings Cul De Sac Mountain Views Wash Adjacent View Fence Premium Hand Selected Upgrades - throughout Kitchen is RO-Ready Upstairs Laundry Room Washer & Dryer - included **Buyer to verify all information. Listing Agent is related to Seller.

View Property

21654 N 106th Lane Peoria, AZ 85382

$618,000

5 Beds

3 Baths

3,074 SqFt

Status Active

MLS # 6770888

Property Type Single Family Residence

Price Type --

Motivated Seller will buy down the interest rate for the buyer with a good offer. .House vacant on lockbox. Beautiful 5 bedroom 3 bath, plus a loft/game room, front living/dining room combo, family room, breakfast bar, stainless steel appliances, oak 42 inch cabinets, 3 car garage with cabinets in both 2 car and single car garage, covered patio, ceiling fans throughout, separate tub and shower in master, great neighborhood, easy to show, move-in ready, all new carpet

View Property

1240 E Kramer Circle Mesa, AZ 85203

$618,000

4 Beds

2 Baths

2,318 SqFt

Status Active

MLS # 6766889

Property Type Single Family Residence

Price Type --

This spacious floor plan features a living room and dining room, along with a separate family room. The fabulous open kitchen includes an island and pantry, perfect for all your cooking needs. The large master bedroom boasts an expansive master bath with a separate shower, and there's also a dedicated laundry room. The extended cabinets in the kitchen provide ample storage space for your cookware and countertop appliances. The backyard is an entertainer's dream, complete with a Pebble Tec pool/spa, a water feature, a covered patio, and numerous upgrades. Experience resort-style living in this beautiful gated community!

View Property

4300 W Prince Road Mcneal, AZ 85617

$617,000

3 Beds

2 Baths

2,150 SqFt

Status Active

MLS # 6721687

Property Type Single Family Residence

Price Type --

Welcome to your dream country property, nestled on 75 acres with almost 360 mountain views. With 36 acres of grandfathered irrigation rights, it's just waiting for you to grow your own hay or run livestock. The property includes a large hay barn, equipment shed, and workshop, plus fenced pastures ready for horses. This fully functioning farm features a domestic well and irrigation well which supplies water to the house, lawn, orchard and fields. The stunning three-bedroom, two-bathroom home features open-plan living. Vaulted ceilings create a bright and airy atmosphere. A spacious kitchen is at the heart of the home. French doors open onto a BBQ and entertainment area where you can host family and friends. (NRCS subsidy for 25 acres of sprinkler irrigation and certain farm implements are also available.) This is more than just a home. It's a one-of-a-kind gem that provides an unparalleled lifestyle for you and your family. Don't miss out on the opportunity to own a piece of desert paradise. Owner is Listing Agent.

View Property

947 W Saddle Run Apache Junction, AZ 85120

$616,990

4 Beds

2.5 Baths

2,468 SqFt

Status Active

MLS # 6778925

Property Type Single Family Residence

Price Type --

Welcome to Blossom Rock! The east valley's newest master planned community. With views of the Superstition Mountains and a wealth of amenities currently in the making including three community parks, dozens of neighborhood parks, a community school, miles of trails, beautiful lakes, and indoor and outdoor gathering spaces all meant to serve as the backdrop of the calendar of signature events and annual celebrations currently being created. A public report is available on the Arizona Department of Real Estate website.

View Property

19201 W Missouri Avenue Litchfield Park, AZ 85340

$616,070

5 Beds

4 Baths

3,475 SqFt

Status Active

MLS # 6741966

Property Type Single Family Residence

Price Type --

COMPLETED NEW HOME! This amazing 5 Bedroom, 4 bath home with a 3-car garage home is on a large lot with a large, covered patio and plenty room for a wonderful pool. It has a full bedroom & bath downstairs, with 4 bedrooms, 3 baths & loft upstairs. Gourmet Kitchen has a large island with Quartz countertops and a custom backsplash, walk in pantry & butler's pantry. Kitchen is open to a large Great Room and has a formal dining that could also serve as a den. All bedrooms are spacious and have walk in closets and connected with a wonderful upstairs loft. Master suite has his & her closets, separate tub & shower along with separate vanities. Come see us. SOME PHOTOS ARE OF THE ACTUAL HOME & SOME PHOTOS ARE OF THE MODEL HOME TO GIVE DECORATING IDEAS! SEE NOTES!

View Property

11129 E Ulysses Avenue Mesa, AZ 85212

$615,995

3 Beds

2 Baths

1,907 SqFt

Status Active

MLS # 6780602

Property Type Single Family Residence

Price Type --

With an idyllic blend of comfort and elegance, this move-in ready home perfectly fits your lifestyle. The stunning kitchen is highlighted by a designer backsplash, modern maple Latte and white linen cabinets, and upgraded quartz countertops. The open-concept kitchen flows effortlessly into the great room and dining room, making this floor plan ideal for entertaining. The home is complete with designer curated finishes throughout. Don't miss this opportunity to own your dream home!

View Property