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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5912 W Bushwood Way Florence, AZ 85132

$569,900
2 Beds
2 Baths
2,039 SqFt
Status Active
MLS # 6755790
Property Type Single Family Residence
Price Type --
ENJOY THE STUNNING VIEWS OF THE 8TH FAIRWAY of Poston Butte Golf Course with this gorgeous ''Pursuit'' model in Sun City Anthem at Merrill Ranch. This meticulously maintained home offers an abundance of upgrades that includes an outdoor living space that offers a paver entry w/sitting area, extended paver patio w/putting green, where all putts are good, and surrounded by beautiful landscape. Your new home is just as stunning inside with details that include upgraded LVP flooring throughout , reclaimed WY fence wood accent walls, French doors and Murphy bed for optional 3rd bedroom, simulated wood beam accents in great room and surround sound. Take advantage of the tremendous SOLAR SAVINGS w/23 panels producing 8.5kw of OWNED SOLAR and mini-split A/C in the garage. The Chefs kitchen... features true staggered upgraded cabinetry w/pull out shelves, pots/pans drawers, gas cooktop French door refrigerator, tiled backsplash, under cabinet and pendent lights over the spacious island. Additional features include a Roman walk-in shower with floor to ceiling tile in the primary en-suite, 4' extended garage and cabinets, epoxy garage floor, insulated garage, water softener, tankless water heater and a service door that leads to the exterior garbage corral. Some furniture available on a separate bill of sale...A MUST SEE HOME!! Merrill Ranch also offers the Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.

20314 N Wagner Wash Drive Buckeye, AZ 85396

$569,900
2 Beds
2.5 Baths
2,342 SqFt
Status Active
MLS # 6733834
Property Type Single Family Residence
Price Type --
**PREMIUM DESERT VIEW HOMESITE** This extended popular Refuge model includes the 4' garage extension and a 2' rear extension. Wonderfully appointed with a chef's kitchen, large pantry and two dens, each with glass French doors. Also, this home has 2 bedrooms, each with its own en-suite bath, plus a powder room for guests. Other add-ons include plantation shutters throughout, pre-wired surround sound, built in storage in garage, fully enclosed backyard, custom designed lighting and so much more!. Do not let this opportunity pass you by. Elegant French doors enhance the home's aesthetic appeal, adding a touch of sophistication to your living spaces. Step outside to your large covered patio, perfect for outdoor dining and relaxation. The electric sun screen provides shade and comfort, allowing you to enjoy the outdoor space year-round. Experience the best of active adult living in this exceptional home. Don't miss out on this opportunity!

4043 N Smithsonian Drive Florence, AZ 85132

$569,900
3 Beds
2.5 Baths
2,467 SqFt
Status Active
MLS # 6762591
Property Type Single Family Residence
Price Type --
LOCATION, LOCATION, LOCATION! Enjoy the tour and views of this stunning 3 bedroom, 2.5 bath ''Endeavor'' model. The PREMIUM WASH LOT and outdoor living space offers gorgeous sunrises and private Sonoran desert views from the extended paver patio, surrounded by beautiful mature landscape. The home is just as beautiful inside with details that include a gourmet kitchen featuring upgraded staggered cabinetry w/roll-out trays, gas cooktop, beautiful granite countertops, tile backsplash, pendant lighting, RO system, water softener, tankless hot water, NEW A/C unit, impressive entry door, laundry/garage cabinets, entertainment center, solar and MUCH MORE! The primary suite features matching granite and cabinets, soaking tub w/separate shower and a large walk in closet. A MUST SEE HOME! Enjoy our Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.

2044 W Trotter Trail Phoenix, AZ 85085

$569,900
3 Beds
2.5 Baths
1,942 SqFt
Status Active
MLS # 6770717
Property Type Single Family Residence
Price Type --
Modern home located in the highly sought after north Phoenix community of Union Park At Norterra. Home is only 5 years old w/ desirable open floor plan & great room feel. Upgraded gourmet kitchen has breakfast island, gas cook top & walk-in pantry. Large primary suite features dual vanities, oversized shower and spacious walk-in closet w/access to laundry room located on 2nd floor and the low maintenance yard has artificial turf & water fall. Conveniently located near DVUSD K-8, shopping & dining at Shops at Norterra, close to TSMC and has easy access east to Scottsdale or north to Sedona/Flagstaff via nearby I-17 & 101 Hwys. Friendly community w/resort-style heated pool & kids play pool, playgrounds, dog park, pickle ball & basketball courts too.

4196 E Bonanza Road Gilbert, AZ 85297

$569,900
4 Beds
2.5 Baths
2,257 SqFt
Status Active
MLS # 6772058
Property Type Single Family Residence
Price Type --
This is it folks very well maintained lovely two story home in Popular Power Ranch. Formal Living and Dining with a Family room kitchen area. Kitchen has stainless appliances with beautiful dark cabinets. 4 bedrooms plus a loft area, 2.5 bathrooms. Primary Bedroom ensuite with a separate tub and shower, double sinks and walk in closet. Low maintenance front and back yards with auto drip system. Power Ranch offers Elementary School across the street from subdivision, Tennis courts, pickle ball, heated pool, spa, 2 catch and release lakes, two club houses, playgrounds and walking trails and so much more. SO MANY COMMUNITY AMMENITIES.......

744 E Laddoos Avenue San Tan Valley, AZ 85140

$569,900
2 Beds
2 Baths
1,855 SqFt
Status Active
MLS # 6772857
Property Type Single Family Residence
Price Type --
Fabulous Alexandria model on large corner lot! Welcome to this beautifully designed home featuring an open and functional floor plan, 10' ceilings perfect for modern living. The expansive great room seamlessly integrates a gourmet kitchen with a large island, a cozy breakfast nook, and a dining area, ideal for both casual meals and formal gatherings. The spacious living room offers ample room for relaxation, while an additional flexible space can serve as a home office, library, or den. The home boasts two generously sized BRs, including a luxurious primary suite complete with double sinks w/new fixtures, and walk-in closet. Cozy rear patio with fireplace, ideal for those cool AZ evenings, allows for outdoor living! All of this plus solar and a 4' extended garage, new paint in and out!

913 S Del Rio Court Apache Junction, AZ 85120

$569,900
5 Beds
3.5 Baths
3,193 SqFt
Status Active
MLS # 6699419
Property Type Single Family Residence
Price Type --
You've just discovered the most beautiful ready-to-move-in 5-bedroom home in the east valley. This is one, of the rather hard-to-find, Daylight VIP Finished Basement homes with super Solid 2X6 construction providing years of strength & durability. This rare and wonderful home is nestled in Sonoran Wells, a quiet, well established smaller community, super close to the Superstition Mountains offering views, trails, and hiking galore. There are a great many amenities providing convenience & comfort that come with this home in particular. Here are just a few of the convenient benefits & features: 1) A Fully updated remodeled gourmet GAS kitchen with all easy to maintain stainless steel appliances, Dual cooking Ovens, a professional 5-burner GE Profile cooktop, a Super quiet KitchenAid ... dishwasher, a GE Profile Side-by-Side 36-inch Refrigerator Freezer, a GE Profile Microwave & with built-in Hood Fan, a magnificent wrap-around granite island & breakfast bar, a cozy eat in kitchen breakfast nook, rich mahogany 42-inch custom staggard cabinets with ultra handy pull-out cabinet drawers, gorgeous granite counters, a large food storage pantry, a commercial style flex faucet and oodles of extra storage. 2) Another very special aspect of this home is of course the spacious fully finished Day-Light basement with windows! There are 2 additional bedrooms, a large rumpus room for just about anything you can conceive (Office, game room, theater, business, yoga/workout), a full bath & shower, safety escape ladders in the window wells, and the essential basement sump-pump to keep things dry & protect the home. 3) One of the more obvious reasons to consider this home in particular is that it has 5 wonderful bedrooms. 2 bedrooms downstairs, 2 more main floor bedrooms with a Jack and Jill bathroom, and finally, the expansive main floor owner's quarters with a soaring vaulted ceiling, a private en suite bathroom featuring a large luxurious day-lite soaking tub, a spectacular gleaming glass block snail type walk in shower, two sinks, a separate facial station with lower counter, a large walk-in clothing closet, and a separate storage closet as a bonus. With rooms to spare, this home could be the answer to a multitude of ordinary or special circumstances: multi-generational, live-work, shared living, family, and/or just enjoying and having the space to spread out and relax. Other worth mentioning amenities include: An HVAC Cooled spacious 3-car garage with insulated garage doors and ceiling storage racks, an Ultra Quiet 55+ Ownership golf course community behind the home so there is plenty of peace and quiet to enjoy, plantation blinds and ceiling fans throughout the home, sunscreens, washer/dryer, soft water system . . . and more! if you have read this far, you may want to have a close look at the current comps - this home is priced beautifully. Please stop by today and see how wonderful life can be.

4340 E Park Avenue Gilbert, AZ 85234

$569,900
4 Beds
3 Baths
2,556 SqFt
Status Active Under Contract
MLS # 6783894
Property Type Single Family Residence
Price Type --
Discover the charm of this home in Highland Groves at Morrison Ranch! Step inside to an inviting interior bathed in natural light, featuring two-tone paint, elegant archways, recessed lighting, and a blend of wood and carpeting throughout. The expansive living/dining area flows seamlessly into the cozy family room, complete with a fireplace and a built-in media niche. The gourmet kitchen is a chef's dream, offering stainless steel appliances, sleek granite countertops, a stylish mosaic tile backsplash, a pantry, a central island, and cabinetry with crown molding. A versatile den and a full bath are conveniently located downstairs, while a spacious loft awaits upstairs. The luxurious master suite boasts a spa-like ensuite with dual vanities, a separate tub and shower, and a generous walk-in closet. Step outside to the backyard, where you'll find a covered patio, a putting green, and beautifully arranged pavers for a perfect outdoor retreat.

17334 E San Marcus Drive Fountain Hills, AZ 85268

$569,900
3 Beds
2 Baths
1,354 SqFt
Status Active
MLS # 6769056
Property Type Single Family Residence
Price Type --
WOW! Don't miss out on this gorgeous, remodeled 3 bed 2 bath home steps away from Four Peaks Park in Fountain Hills. Walking in, you will be greeted by a fully renovated kitchen & a beautiful open floor plan. Enjoy all new flooring throughout the entire home that creates a perfect flow. Additional updates include; NEW AC, NEW water softener, NEW RO water system, NEW exterior and interior paint, raised ceilings and so much more! In addition to all the interior updates, you will love spending time outside on this oversized private lot that backs to a wash giving added privacy. This backyard has new artificial turf & pavers that allow for a year-round beautiful look, that is conveniently low maintenance. Another amazing feature of the backyard is the RV gate and RV parking with NO HOA

322 E La Diosa Drive Tempe, AZ 85282

$569,900
3 Beds
2 Baths
2,035 SqFt
Status Active Under Contract
MLS # 6780028
Property Type Single Family Residence
Price Type --
Beautiful spacious Tempe home with mature trees on a large corner interior lot! Just 1.5 blocks from ASU. This home is ready to become whatever you envision, is livable and could us some serious updates. Larger a/c unit replaced this last June, plumbing work done a few years ago too. Alley entry 2 car garage with extra storage space and a covered space to park out front of the home too. Possibilities are endless and this one won't last long once it goes active.

5414 N Scottsdale Road Eloy, AZ 85131

$569,900
3 Beds
3.5 Baths
2,709 SqFt
Status Active Under Contract
MLS # 6653533
Property Type Single Family Residence
Price Type --
Updated home with Guest Casita, private bath & entrance. This home is spacious and comfortable with an updated courtyard at front entrance. The house has 3 bedrooms, 3.5 baths, den and a mud room off the laundry/garage entrance. Entertainers and chef's dream kitchen, open floor plan, tons of granite counter and Maple cabinet space, full wall natural gas fireplace and upgraded tile. Newer stainless-steel appliances. Matching granite back splash. Garage has epoxy floors, AC and a custom golf cart space hidden inside (can easily park 2 golf carts in this space) with golf cart charger for easy use & extended garage. Outside on the oversized Patio you will find a built-in fire pit with seating & pavers. The patio has open views with stunning western sunsets. Patio has gas hook up for BBQ. New extended patio tile. All new PVC in front & back. Water feature is included. Patio/yard lights on a timer. Fridge in mudroom stays. Casita has its own heating/cooling system. Utility sink in the laundry room. Garage cabinets are negotiable as well as all furnishings. Garage has a utility door. New 8' doors added to the den for privacy. All new lights on the exterior. New mirrors and shower floor in the primary bath. Exterior and interior recently painted. All furnishings available for purchase on a separate bill of sale.

22633 W Yellow Bird Lane Wittmann, AZ 85361

$569,900 - 4Br/2Ba -  for Sale in N/a, Wittmann
New
$569,900
4 Beds
2 Baths
1,987 SqFt
Status Active
MLS # 6787326
Property Type Single Family Residence
Price Type --
A true desert dream, with Mountain views of the White Tank from your backyard. Over 52,000 square feet of land, bring your desert toys, this property offers privacy and tranquility.Split designed floor plan, offers four large bedrooms and an oversized walk-in closet in the Master Suite. The guest bathroom features dual sinks and tons of storage. A very welcoming open living area, spacious kitchen, as well as formal dining area, breakfast nook and bar seating. The soaring ceilings and full fresh interior paint create a bright and airy atmosphere with beautiful desert views. You will love the three car garage and additional parking, with plenty of room for all of your vehicles and off-road toys! The additional outdoor shed provides space for tools and storage, and the covered patio in the backyard is the perfect place to relax as the sun goes down. This home also has a brand new roof and no HOA!

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