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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5741 N 38th Place
Paradise Valley, AZ 85253
$2,500,000
4
Beds
3.5
Baths
2,671
SqFt
Status
Active
MLS #
6753536
Property Type
Single Family Residence
Price Type
--
This Paradise Valley home offers stunning 360-degree views of Camelback Mountain, downtown Phoenix lights, and the Phoenix Mountain Preserve, all complemented by modern upgrades throughout. The property includes a main house and an attached guest house, perfect for hosting visitors or extended stays. The open-concept living room features a wall of windows that bathe the space in natural light, anchored by a cozy fireplace. The chef's kitchen is outfitted with stainless steel appliances, a skylight, an eat-in area, and a formal dining space. The primary suite serves as a peaceful retreat with private backyard access, dual vanities, and a full bath. Designed for seamless indoor/outdoor living, the backyard is a true desert oasis, complete with a custom pool, expanded deck, covered patio, and lush desert landscaping that ensures privacy. Multiple seating areas provide ample room for lounging and entertaining. Situated in a highly desirable, private neighborhood, this home is just minutes from world-class resorts, golf courses, fine dining, and shopping. A rare gem, this property embodies the essence of luxury living in Paradise Valley.
13225 N 136th Place
Scottsdale, AZ 85259
$2,500,000
3
Beds
4.5
Baths
4,538
SqFt
Status
Active
MLS #
6744627
Property Type
Single Family Residence
Price Type
--
Views, Views, and more Views. This custom single level hillside residence is perched on 1.3 acres on one of the highest lots in the exclusive Scottsdale Mountain community. Enjoy both upslope mountain views from the private back yard and City lights from the two front patios. Community amenities include a 24/7 guard gate, hiking trails, and a tennis center with pickleball and hot tub. This exceptional home is on the market for the first time. The home features three en-suite bedrooms, 4 1/2 baths including a dedicated pool bath, an executive office, a three car garage with workshop, and over 4,500 sq feet of living space. The flowing floorplan offers both formal and informal spaces that are light-filled and spacious. The heart of the home is the open kitchen and family room area. The kitchen features a large island, cherry cabinets with Calacatta quartz countertops, and walk-in pantry. The adjoining family room features a stone fireplace and built-in entertainment center. The expansive primary suite includes a sitting room, fireplace, large shower and soaking tub, and large walk-in closet. The private backyard starts with a large covered patio with fireplace and built-in BBQ. The elevated pool and spa features multiple waterfalls exuding a tropical ambiance nestled in the majestic McDowell mountains. Conveniently located to Mayo Clinic and top rated schools including Basis Scottsdale charter school and Desert Mountain HS.
616 E Carver Road
Tempe, AZ 85284
$2,499,999
10
Beds
6.5
Baths
5,704
SqFt
Status
Active
MLS #
6779173
Property Type
Single Family Residence
Price Type
--
Welcome to this one-of-a-kind Victorian-inspired home that combines timeless elegance with modern comfort, situated in the heart of South Tempe. Known for its welcoming community feel and close-knit atmosphere, South Tempe offers the perfect blend of suburban tranquility and urban convenience. The main residence boasts charming Victorian architectural details, from the turret and gabled rooflines to large windows that fill the interior with natural light. The architectural details and uniqueness continue inside with expansive living areas ideal for both family living and entertaining. There is space for even the largest of families with 8 bedrooms and 5.5 bathrooms and beyond the main house, the detached guest house offers 2 additional bedrooms, a full bathroom, a full kitchen, laundry and a comfortable living area, creating a self-contained suite that provides both privacy and convenience. Step outside, and you're greeted by a true backyard oasis. The outdoor space is designed for relaxation and gatherings, featuring a sparkling pool and spa perfect for cooling off during Arizona summers or unwinding under the stars. A built-in BBQ area and pergola seating provide an inviting setting for alfresco dining and entertaining, surrounded by lush landscaping that enhances the private, resort-like ambiance. Living in South Tempe means you're close to top-rated schools, lush parks, and locally-owned eateries, all while being minutes from major highways for easy access to the greater Phoenix area. The neighborhood's abundance of green spaces and community events make it a highly desirable place for families and professionals alike. Do not miss this once-in-a-lifetime opportunity to make this one-of-a-kind home yours!
2068 E Tiffany Court
Gilbert, AZ 85298
$2,499,999
5
Beds
4.5
Baths
4,622
SqFt
Status
Active
MLS #
6753265
Property Type
Single Family Residence
Price Type
--
Located on nearly an acre, this Circle G remodeled custom home is a dream where you can enjoy small town living in the big city. The perfectly designed floorplan includes 5 bedrooms, office, 4.5 baths, large family room, bonus/teen room, oversized 3 car garage, extended driveway with electric security gate and huge new RV garage. The chef's kitchen features Thermador appliances with WIFI range hood, touch to open refrigerator and freezer, microwave, gas range & griddle, steam oven, warming drawer, oven, built in sub zero under counter ice maker with RO water, 4 ft Galley prep sink with dual touch Brizo faucets, and Cambria quartz counter tops. Perfect for entertaining, the kitchen is open to the large family room, the eat in nook and a large sitting area. Beautiful hand scraped hardwood flooring throughout, Lutron lighting with WIFI control, security cameras, security gate, RO water system, and 2 tankless water heaters. Huge owner's suite is a true retreat with tray ceiling, bay window and sitting area, and outdoor access. Ensuite includes two vanities, jetted tub, separate shower, and stunning walk-in closet w/built-ins. Two secondary bedrooms, each equipped with a private bathroom. Beautiful office with large French doors. Laundry room with a sink & cabinetry. Two more bedrooms with an additional bathroom are located near the bonus room with access to the backyard/patio. Step outside to the large extended patio, pergola and built in BBQ area, all equipped with a top of the line misting system. Diving pool with heated spa and water fall. Manicured lawn with irrigation to the perimeter trees. The 1250 sf climate controlled RV garage is the hidden gem of this home. 14 foot tall by 12 foot wide garage door, plumbing, RV hookup, epoxy floor. Centrally located by the 202, Gilbert Regional Park, San Tan Mall, Mercy Medical Corridor, entertainment and dining. This home is a rare find!
28254 N 95th Street
Scottsdale, AZ 85262
$2,499,900
3
Beds
3.5
Baths
4,048
SqFt
Status
Active
MLS #
6766949
Property Type
Single Family Residence
Price Type
--
Welcome to Troon North! This stunning, custom-built 4,000+ sq ft home, featuring 3 bedrooms, den and 3.5 bathrooms, is set on 6.64 acres in one of Scottsdale's most prestigious communities. Enjoy your private desert compound with unobstructed views of Pinnacle Peak, Lone Mountain, city lights, and surrounding mountain ranges. This never-lived-in home boasts energy-efficient features, including state-of-the-art appliances, advanced HVAC systems, extra insulation, low-E windows, an EV charging station, and epoxy flooring in the garage. The property offers incredible potential with the option to add a 22,000 sq ft shop or barn near Dynamite Rd, perfect for collectors or equestrians. HOA fees are a fraction of the cost compared to surrounding properties, at just a few hundred dollars annually. For the same price, other homes in the area offer less than half an acre, while this home sits on a sprawling 6.64-acre lot! Additional features include historic trailers at the rear of the property, with plans for gas line installation down the street. For $240K over the asking price, you can add a custom pool and extra landscaping based on the detailed drawings provided. Don't miss this rare opportunity to own a luxury desert estate with endless possibilities!
15418 E Bronco Court
Gilbert, AZ 85298
$2,499,900
5
Beds
5.5
Baths
7,369
SqFt
Status
Active Under Contract
MLS #
6781640
Property Type
Single Family Residence
Price Type
--
''Suburban Seclusion''. Rendezvous your friends and family in the desert sun at that special place you've always dreamed and planned to do it in. All the major amenities most are looking for but so hard to find. 9,300 sq.ft. of total interior finish and several thousand more sq.ft. of exterior covered patio and courtyards. Up to 8 bedrooms, 6.5 baths, 3 kitchens, 3 laundry centers, 3 attached garages (RV/BOAT, 10 to 26 car spaces with lifts), 20' x 50' resort style pool with all the bells and whistles. Main floor primary suite completely self-contained from the rest of the property and so much more. Casita is attached with its own private garage and on the main level. The community is gated, only 19 other neighbors join you to make the 20 lot development. Make the most of today!
2208 E Belmont Avenue
Phoenix, AZ 85020
$2,499,000
4
Beds
4
Baths
4,168
SqFt
Status
Active
MLS #
6765713
Property Type
Single Family Residence
Price Type
--
OFF for holidays. ACKING to the coveted Phoenix Mountain Preserve, own a piece of the mountain in the heart of metro Phoenix. Second driveway provides step-free access to downstrs bedrooms, family rooms and kitchen. Great in-law set up. Open white kitchen with both city skyline and mountain views. Gas fireplace in dining adjacent kitchen Quiet private backyard. Outdoor kitchen with 2 grills and pool under the awe-inspiring Mountain backdrop. Foyer opens to brushed chrome rail staircase to the loft game with full wet bar positioned under view portals perfectly framing the Phoenix skyline. Glass doors invite to south patio to stargaze & enjoy the dark sky and serenity of the best street in the coveted Biltmore Highlands. Upstairs master has view deck with views of mountain trails fro Bed, office or fitness room, large walk in closet, with portals throughout for mountain views, including views from the large walk-in shower. Private commode room, modern double lab. The backyard features paved covered patio and several removable sail coverings for seasonal comfort, and its own gate into the Mountain Preserve. Just steps from the 22nd Street Trailhead to Squaw Peak, this location offers both privacy and easy access to over 200 miles of hiking trails in the Phoenix Mountain Preserve. A second master bedroom is tucked away on the main floor with glass doors leading to the mountain. The secondary driveway provides step-free access to this bedroom door as well as to the back patio and patio door to kitchen and dining room areas. An oversized third bedroom (once two bedrooms) can be divided or create a large media room, game room, office, study or guest suite. Also downstairs is a spacious laundry room with mop sink and cabinets. Garage accommodates 3 to 6 cars depending on your vehicle, golf cart bay, workshop with sink. The storage areas are configured on either size of the primary parking spaces to accommodate those needing access to a van or ramped vehicle. Phoenix is renowned for its urban hiking, with the Phoenix Mountain Preserve (formerly known as Squaw Peak) weaving through the city and just minutes from Sky Harbor Airport. This national oasis invites visitors to immerse themselves in the stunning landscapes of the Sonoran Desert, exploring its diverse flora and fauna while enjoying the tranquility of this natural sanctuary. This home offers a unique chance to reconnect with nature, explore rugged terrains, and appreciate the resilience of desert ecosystems.
7845 E Dynamite Boulevard
Scottsdale, AZ 85266
$2,499,000
5
Beds
3.5
Baths
3,622
SqFt
Status
Active
MLS #
6786741
Property Type
Single Family Residence
Price Type
--
Step into the epitome of southwest luxury living w/this breath-taking mission-style estate. Nestled on 2.2 acres w/no HOA. This 5 bedroom single level sanctuary offers a seamless blend of elegance, privacy & functionality. The upgraded interior w/wine cellar, gourmet kitchen & newly enclosed den boasts a sophisticated living. The detached casita is perfect for guests or as a private retreat. Experience the ultimate in outdoor living w/an expansive covered patio w/professional misting system, heated pool, fire pit & grassy area along w/low maintenance synthetic turf. Perfect for cozy gatherings or lavish affairs. An extended 3 car garage w/ample space & height for a car lift. There is unmatched privacy w/the gated entrance leading down a circular paved driveway. Wake up to stunning McDowell Mountain views and enjoy Arizona's iconic breathtaking sunsets. Located just minutes from golf courses, hiking, horse facilities and fine dining.
8225 W Frier Drive
Glendale, AZ 85303
$2,499,000
6
Beds
6.5
Baths
5,147
SqFt
Status
Active
MLS #
6774208
Property Type
Single Family Residence
Price Type
--
Discover a rare gem in luxury living. TWO HOMES on ONE ACRE in an exclusive gated community, complete with a brand new heated pool & spa! This exceptional property seamlessly blends space, style & privacy to support multi-generational living at its finest. The main house, built in 2013, boasts 4,047 sf with 4 spacious bedrooms, each featuring an ensuite bathroom for complete privacy & a den/office perfect for working from home. The heart of the home, a grand Great Room, opens up with pocket doors to the expansive backyard, creating a stunning indoor/outdoor flow. The chef's kitchen is a culinary dream with granite countertops, a large walk-in pantry, premium stainless steel appliances, gas cooktop, dual sinks & an oversized island with breakfast bar seating. The home also includes a 4-car epoxy-finished garage, with overhead storage, providing ample space for vehicles and storage. The brand new guest house, completed in 2023, offers 1,100 square feet of private, modern living with two bedrooms and two full bathrooms, complete with its own electrical and air conditioning separate from the main house. It stands as a sanctuary of its own, complete with a separate entrance, contemporary kitchen, elegant bathrooms, laundry room, and its own 2-car garage equipped with an EV charger, ideal for multi-generational families or the ultimate guest retreat. Enhancing this luxury oasis, the newly installed (2023) heated pool and spa is a resort-style escape featuring serene waterfalls, built-in stools, and a cozy fire pit, perfect for year-round entertainment and relaxation. Set on a lush, irrigated lot with mature trees and extensive parking options, this property is designed to impress and accommodate. If you're looking for a residence that combines luxury, privacy, and flexible living spaces, this is it! Not to mention - close to the Westgate entertainment district, great restaurants, and The Arizona Cardinals stadium.
10284 E Filaree Lane
Scottsdale, AZ 85262
$2,495,000
4
Beds
4.5
Baths
4,244
SqFt
Status
Active
MLS #
6686113
Property Type
Single Family Residence
Price Type
--
Golf Membership to the Desert Mountain Club Available.This classic Spanish-inspired Santa Fe residence seamlessly blends traditional charm with modern comforts, boasting soft curves alongside contemporary lines and angles. Its hacienda shape offers a distinctive layout, with gathering spaces on one side, outdoor living in the center and private ensuites and a casita on the other. Located centrally within Desert Mountain, it enjoys convenient proximity to the Sonoran Fitness Clubhouse and quick access to town via the nearby back gate. The homes large picture windows capture sweeping vistas from south to northwest, showcasing vibrant sunsets, majestic mountain ranges and twinkling city lights, as well as up-close views of mature cacti. Step outside, and youll discover a haven of outdoor bliss. A meandering water feature flows gracefully through the Sonoran landscape, leading to a geometric-shaped pool where you can bask in the Arizona sun. The covered breezeway connects living spaces, offering seamless indoor-outdoor living. Whether youre dining Al Fresco, star gazing by the firepit, or taking a dip in the pool, every moment is accompanied by captivating views at every turn. Stepping inside, guests are greeted with a prominent rustic front door, leading the eye through glass French doors to the stunning outdoor space beyond. The open floor plan centers around the kitchen, a hub of activity with a spacious island, Wolf, Sub Zero appliances, and ample Alder wood cabinets. Adjacent, a cozy circular casual dining area with a kiva fireplace offers a picturesque spot to savor meals while soaking in the views. The great room invites relaxation with its panoramic vistas, fireplace warmth, and easy access to outdoor pleasures. For additional entertainment, a media room/den awaits with blackout shades, a mounted TV, and French door access to the outdoors. The primary ensuite is a luxurious retreat, showing off stunning views, a kiva fireplace, and a spa-like bath with double vanities, a soaking tub, walk-in shower and designer closet. Two generously appointed guest ensuites offer comfortable accommodations, each with carpeted floors, designer baths, and walk-in showers. A standalone guest casita provides additional privacy and convenience, complete with a breakfast bar, media entertainment and a luxury bath. Throughout the interior, hand-hewn vigas, latilla poles and wire brushed interior doors complement modern design elements like angular cut corbels, substantial picture and viga framed windows and high ceilings, creating a harmonious blend of authenticity and sophistication. Saltillo tile floors flow seamlessly indoor and out, while carpeted bedrooms offer cozy retreats. Beyond the home, Desert Mountain offers an unparalleled lifestyle, with access to 7 clubhouses, 7 golf courses, multiple dining options, and a 20-mile trail system bordering the Tonto National Forest. It promises years of diverse living experiences amidst the breathtaking beauty of the Sonoran Desert. Welcome home to Desert Mountain.
7801 E Davenport Drive
Scottsdale, AZ 85260
$2,495,000
5
Beds
4.5
Baths
3,246
SqFt
Status
Active
MLS #
6784583
Property Type
Single Family Residence
Price Type
--
Pre-Listing Home Inspection and repairs done!!!! Location, Location, Location! Air Park Corridor! The main house has 3 beds, 3 baths open to an East facing Oasis Back yard, with a 1,276 sq ft covered patio with misters, ceiling fans, outdoor kitchen, Fiberoptic saltwater pool and much more! Home also offers: 2 bed 1 bath casita, 2 full RV hook ups (50 amp and 110 volt) on concrete, this area could also be made into a picket ball court as well! Your clients will LOVE it!!!!
33504 N 87th Street
Scottsdale, AZ 85266
$2,495,000
3
Beds
3.5
Baths
4,345
SqFt
Status
Active
MLS #
6737808
Property Type
Single Family Residence
Price Type
--
Welcome to this beautiful home located in the gated community of Copper Sky. This new Taylor Morrison home is both elegance and comfort wrapped up in one. Situated on a private 1.2 acres this 3 bedroom with den/office boasts a large kitchen with granite countertops, double islands, a prep kitchen with extra fridge, double ovens, R/O system, stainless steel appliances and walk in pantry. The kitchen is open to the family and dining rooms. The family room has a 15 foot slider that opens to the extended back patio with motorized screens, bistro lights, built in bbq, a gas firepit, heated pool and spa, artificial grass, mature citrus, and the most stunning Arizona sunsets! There is a wine room with a wine fridge. The primary bedroom has a separate sitting or workout area 2 primary closets and a large bathroom with an oversized shower and standalone tub. The 2 extra bedrooms are ensuite and separate from the primary bedroom. There is a separate office/den located conveniently near the front door. The amenities go on and on. This home is a must see!