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
12230 N 78th Place
Scottsdale, AZ 85260
$2,450,000
4
Beds
4.5
Baths
3,397
SqFt
Status
Active Under Contract
MLS #
6756507
Property Type
Single Family Residence
Price Type
--
Calling all CAR ENTHUSIASTS, this home is a true ''CAR COLLECTOR'S DREAM'' with a detached 2400 square-foot RV garage with 14 foot doors to accommodate a motorhome and additional cars. The garage even has a loft and its own bathroom for added convenience. This luxurious 4-bedroom, 4.5-bathroom ranch-style home in Scottsdale, offering 3,397 sq. ft. of beautifully designed living space. With a freshly painted exterior and a timeless ranch-style architecture, this property offers both elegance and functionality. Step outside to the enormous yard, where you'll find a sparkling pool, perfect for Arizona summers. The backyard offers plenty of space for gatherings and outdoor fun. Located in a desirable Scottsdale community, this home offers the perfect blend of luxury living and convenience. PRE-INSPECTION W/ MOST REPAIRS ALREADY COMPLETED. Don't miss your opportunity to own this one-of-a-kind property!
15229 E Whisper Draw --
Fountain Hills, AZ 85268
$2,449,999
5
Beds
7
Baths
5,360
SqFt
Status
Active
MLS #
6772173
Property Type
Single Family Residence
Price Type
--
A rare opportunity to live in the guard gated community of Eagle Mountain! Breathtaking views overlooking miles of protected desert and sparkling city lights. This premium half acre lot sits at the end of a cul-de-sac, featuring 5 bedrooms, 7 bathrooms, a wrap around patio with built in BBQ and personal putting green below. The gourmet chefs kitchen features premium appliances and custom alder cabinets. The backyard offers complete peace and privacy. It is perfectly designed for entertaining with pool, spa, waterfall feature and multiple covered dining areas. Located just minutes from Scottsdales best golf, dining and shopping. Adjacent to Firerock Country Club and two miles from top ranked BASIS School and Mayo Clinic. Some improvements include, new roof 2020, new AC 2022, new epoxy, pool heater 2023, pool filter pump, new sliders in living room and basement, expanded putting green to name a few!
7878 E Gainey Ranch Road Unit 25
Scottsdale, AZ 85258
$2,445,000
4
Beds
4.5
Baths
4,488
SqFt
Status
Active
MLS #
6784641
Property Type
Single Family Residence
Price Type
--
Experience the Gainey Ranch lifestyle in this 4-bedroom, 4.5-bath home nestled along the picturesque Arroyo Golf Course. From the upgraded paver stone driveway to the custom garage door, every detail exudes elegance. The main floor bedroom/den boasts a carved stone fireplace, a remodeled en-suite bath, and a walk-in closet. Entertain effortlessly in the spacious great room with a wet bar, formal dining, or in the family room with built-in entertainment center. The chef's kitchen has stainless steel appliances and custom cabinetry, complemented by a versatile oversized laundry room/office. Retreat upstairs to the luxurious master suite with a built-in fireplace and upgraded bath, plus two additional en-suite bedrooms. Your private backyard oasis includes pool, spa, and lush landscaping. Enjoy resort-style living with access to sparkling pools, spas, walking trails, & an array of gourmet dining / shopping just steps away. Plus, the world-class Hyatt Regency is right around the corner for the ultimate five-star experience. Don't miss out on this extraordinary opportunity to live in one of Scottsdale's most coveted communities!
10931 E Whitethorn Drive
Scottsdale, AZ 85262
$2,425,000
3
Beds
3.5
Baths
2,825
SqFt
Status
Active
MLS #
6655790
Property Type
Single Family Residence
Price Type
--
Serene is brand new gated enclave of 21 cutting edge single level contemporary homes designed by Swayback Architects & Planners and built by Sonora West Development. Each Serene home brings a new definition to the ''Lock and Leave'' lifestyle with open Great Room floor plans perfect for both entertaining and everyday living. There are four different models to choose from with lavish interior finishes created by renown interior designers Est Est. This Model C has a 2 car garage and available only on lot 9. Price shown includes lot premium and 25K pool and a 25k landscape allowance, Sub-Zero & Wolf Appliances & BBQ. Backing to the North side of Pinnacle Peak Mountain in N Scottsdale, Serene is close to shopping, restaurants and over two dozen private and public golf courses. Don't miss.. your opportunity to take part in the Serene lifestyle.
10746 E Whitethorn Drive
Scottsdale, AZ 85262
$2,425,000
4
Beds
4.5
Baths
4,791
SqFt
Status
Active
MLS #
6758164
Property Type
Single Family Residence
Price Type
--
Experience timeless Mediterranean elegance in this one-of-a-kind Troon North gem. Located in gated Pinnacle Canyon at Troon North, this custom LaBlonde Homes residence features soaring ceilings and a light-filled, open floor plan where no detail has been overlooked. Plus, you will find an oversized 4 car garage complete with electric charging outlets to take advantage of your Tesla Solar system. The gracious master suite offers a perfect retreat with a large closet and workout room, while the oversized secondary bedrooms offer ensure comfort for your loved ones. The chef's kitchen is ideal for gathering and entertaining. Additional highlights include a charming courtyard pool, a private putting green, a spacious 4-car garage, and energy-efficient solar panels for enhanced sustainability.
11905 N 83rd Place
Scottsdale, AZ 85260
$2,420,000
4
Beds
3
Baths
3,097
SqFt
Status
Active
MLS #
6698056
Property Type
Single Family Residence
Price Type
--
Beautiful, highly desired Scottsdale Country Club East Nine. Great Location with McDowell Mountain Views, On Hole #7 of Starfire Golf Course backyard facing East, at the back of the neighborhood. Not enough sq. ft. in the house? Large lot will accommodate building an additional guest house/office/studio/adu. This 3097 sf, 4 bedroom 3 bath home has been remodeled top to bottom - inside and out! High end details and special attention paid throughout. Luxury finishes and thoughtful design. Wonderful Kitchen with great views and lights and huge island. Bathrooms are enviable!! Separate beverage/coffee bar with bev. frig and additional wine/wet bar with wine cooler. Extra touches such as separate doggie shower and charging station/drop zone for your electronics. Fabulous outdoor entertaining area. The list goes on and on. Come visit to appreciate it fully.
3550 W Chipmunk Road
Prescott, AZ 86305
$2,400,000
5
Beds
6
Baths
4,851
SqFt
Status
Active
MLS #
6769370
Property Type
Single Family Residence
Price Type
--
Welcome to this fully fenced, 4 acre property of endless possibilities and ultimate flexibility! This expansive estate offers everything you need for a truly grand lifestyle—bring your horses, farm animals, RV, and toys, as there is room for it all. The elegant gated entry and circular paver driveway set the stage for this impressive home. Perched on a gentle slope, the home captures stunning views of Granite Mountain, with easy access to both levels, no stairs required. While the county assesses the upper level at 4,850 sq. ft., an additional equal amount of livable space can be found on the lower level. The main level features 3 bedrooms, 3.5 bathrooms, and 2 kitchens, providing an ideal setup for multi-generational living or an in-law suite. The design is perfect for entertaining, with multiple dog runs, yards, and ample outdoor space. The lower level offers 2 additional bedrooms, a spacious game room and family room, an impressive 880 sq. ft. of clean storage, and another 3/4 bath. Constructed with foam core-filled cement blocks, this home is incredibly energy-efficient, supplemented by 45 owned solar panels and a private well for cost-effective maintenance. The lower level stays between 68-72 degrees year-round without the need for A/C or heat, while the upper level is equipped with forced air heating and A/C for year-round comfort. The oversized garage easily accommodates up to 6 cars with its 4 separate bays, including a 10x10 opening suitable for larger profile vehicles. The RV pad behind the garage includes hookups for added convenience. Zoned for horses or farm animals, the property features 3 stalls, shelters, and a workshop, making it the perfect family compound or ranchette to fulfill your country-living dreams!
5580 E El Sendero Drive
Cave Creek, AZ 85331
$2,400,000
4
Beds
4.5
Baths
4,795
SqFt
Status
Active
MLS #
6611984
Property Type
Single Family Residence
Price Type
--
Located perfectly between Cave Creek and Carefree, this new custom construction home will be built to suit the desires of even the most discerning buyer. With 4,795 of combined indoor and outdoor covered living spaces, you'll get the absolute most out of your home's oasis and the spectacular views of Black Mountain. The large sliding glass walls open the generously sized great room to the expansive covered patio that overlooks the pool & spa, built-in grill, and the natural desert landscaping behind. The split living plan offers bedrooms on both ends, with all living, entertainment and dining areas in the heart of the home. 10 and 12 foot ceilings throughout will give a grand and open feeling to this very well thought out plan... and with luxury appliances, lighting accents, and high-end custom cabinetry, you will fall in love as you see your dream home come to life. Buyers will have their choice of finish options and will have a great time working with this highly experienced, quality builder. Enjoy shopping, entertainment, dining and live music any day of the week, because Cave Creek, Scottsdale, Carefree and Desert Ridge are all within minutes. You'll get the best of the Sonoran Desert and the quaint lifestyle of a small town, but with all of the amenities of the big city. Don't miss your opportunity to create your very own oasis in the desert!
36031 N 24th Avenue
Phoenix, AZ 85086
$2,400,000
4
Beds
4
Baths
3,858
SqFt
Status
Active
MLS #
6679810
Property Type
Single Family Residence
Price Type
--
TO BE BUILT - NEW HOME CONSTRUCTION in the gated community of Tramonto Estates. With almost 2 acres in a prime location this can be your very own dream home! This new construction home is going to offer the very best of modern living and refined elegance in a gorgeous desert setting. Your dream home is waiting!
21279 W Black Rock Drive
Buckeye, AZ 85396
$2,400,000
4
Beds
4.5
Baths
4,942
SqFt
Status
Active
MLS #
6700059
Property Type
Single Family Residence
Price Type
--
Incredible single level custom home opportunity in Verrado. Buyer still has the opportunity to choose all interior finishes and exterior elevation design. Main house is 4,027 square feet and the attached guest quarters is 915 square feet, for a total of 4,942 square feet with a three car garage. Also includes a swimming pool and spa. This home features a captivating great room floor plan and is situated on an expansive 1.047 acre lot. Providing the perfect canvas for your vision of luxury living. this remarkable residence promises an unparalleled level of customization and sophistication. Click on More for more information: Step into the heart of this home, and be greeted by a kitchen that is as functional as it is beautiful. The buyer has the freedom to select their desired stone for the island, countertops, and backsplash, creating a kitchen that reflects their personal style and taste. Every cabinet in this culinary haven is equipped with slow-close drawers and doors, embodying the seamless blend of convenience and refine craftsmanship. Viking appliances and a pot filler adds an elegant touch to the culinary experience, while the presence of a butler pantry with a separate food prep area allows for seamless organization and efficiency. With 42 upper cabinets and 30 lower cabinets, ample storage space is provided, ensuring a clutter-free environment. The 3cm countertop edge profile adds a luxurious finishing touch to this stunning kitchen. The elegance continues throughout the home with a choice of 12x24 or 24x36 tiles in all wet areas, creating a cohesive and visually pleasing aesthetic. The 8 baseboards and solid core doors add an extra layer of sophistication and durability. Every bathroom in this custom home features custom stone and tile showers, exuding opulence and sophistication. The master shower is equipped with dual body systems, ensuring a spa-like experience in the comfort of your own home. Satin nickel Moen fixtures add a sleek and modern touch throughout. For effortless entertaining, a wet bar area is thoughtfully incorporated, complete with a sink, refrigerator, and icemaker, ensuring that refreshments are always close at hand. Indulge in the opportunity to create your dream home with this exceptional custom residence. From the meticulously designed kitchen to the luxurious outdoor oasis, every detail has been carefully considered to provide the ultimate in comfort, style, and functionality. Embrace the chance to curate a space that reflects your unique vision and experience the epitome of elegance and refinement in this remarkable custom home. Step outside and discover an oasis of relaxation and entertainment. An outdoor wood-burning fireplace sets the stage for cozy gatherings on cool evenings. The centerpiece of the outdoor area is the stunning 25x50 swim-up beach pool with a separate spill-over hot tub, providing a luxurious retreat for relaxation and recreation.
9233 S Krista Drive
Goodyear, AZ 85338
$2,400,000
4
Beds
4.5
Baths
4,759
SqFt
Status
Active
MLS #
6728156
Property Type
Single Family Residence
Price Type
--
Imagine, Estrella's finest, Custom Retreat, stargazing in your Cascading Waterfall, Saltwater Pool ~ Spa, Resort Backyard: Outdoor Kitchen, Travertine Covered Patio encompassing Panoramic Views w 2 Rooftop Decks! Breathtaking Courtyard entry adorned with Stone Fountain. Stunning Architecture, Exquisite Lighting & Chef's Kitchen boasts Custom Cabinetry, Thermador Appliances, Pot filler, 6 Burner Gas Cooktop w/ Griddle, Gorgeous Granite & Huge Island. Flooring w/ Inlaid Tile, Crystal Chandeliers, Central Vac, 3 Gas Fireplaces, Surround Sound. Primary En-Suite adorned with Luxurious Spa Bath. Thermador Espresso Machine. Designer Secondary Baths w/ Vessel Sinks, Gold Plated Faucets! Surround Sound. Incredible Custom Home located in the Summit of Estrella Mountain Ranch Consisting of 4 bedrooms, 4.5 baths, large office with fireplace, game room with wet bar. 2 roof top decks along with huge windows throughout the house provide breathtaking mountain views from every angle. Paved private drive with ample parking. Custom ironwork & lighting - gorgeous entry w/courtyard & stone fountain. Beautiful woodwork -Chef's Kitchen w/custom cabinetry & built-in Thermador appliances, pot filler, 6 burner gas cooktop w/ griddle, Level 6 granite, huge island. Remarkable flooring w/ inlaid tile - Luxurious spa master bath with jetted tub / built-in-media controls & Thermador espresso machine. Designer secondary baths w/ vessel sinks - central vac, 3 gas fireplaces, surround sound throughout. Spectacular Saltwater pool w/ spa & waterfall. Spacious covered patios w/ Travertine flooring & pool decking, built-in BBQ All of this within the exciting community of Estrella Mountain Ranch with its 72 acres of lakes, 3,000 sq ft fitness center overlooking the 12,000 sq ft water-park with water slides and heated lap pool. Estrella Mountain residents enjoy over 40 acres of parks that include pathways, pavilions, an amphitheater, basketball, tennis, pickle-ball and volleyball courts. On the lake north lake is the Yacht Club that offers sailboats, paddle boats, canoes, and kayaks. Over 50 miles of hiking and well-designed mountain biking trails. Estrella is also home to a par-72, 18-hole championship golf course designed by award-winning Nicklaus Design.
23907 N 83rd Avenue
Peoria, AZ 85383
$2,400,000
10
Beds
9.5
Baths
8,386
SqFt
Status
Active
MLS #
6738116
Property Type
Single Family Residence
Price Type
--
This energy-efficient Multi-Generational home now for sale in Peoria is the one for you! Nestled on an oversized 1.4 acre lot, this gem boasts 2 attached guest houses plus basement guest quarters and a detached casita, for a grand total of 10 bedrooms and 9.5 bathrooms! Tasteful stone accents, a lovely paver courtyard, and 3 garage spaces are just the beginning. The main house features a sizeable dining & living area w/soaring ceilings, tile flooring, graceful archways, and crisp palette throughout. Spend a relaxing evening in the spacious family room, equipped w/soft carpet and a fireplace to keep you warm during the winter months. The gorgeous eat-in kitchen is comprised of ample cabinetry w/crown moulding, a pantry, granite counters, and an island complete w/a breakfast bar. You'll love the primary bedroom, which includes private outdoor access, a walk-in closet, and a full ensuite w/dual sinks. Don't forget about the cozy den w/double doors, laminate flooring, and a 2nd fireplace! Each guest house showcases its own kitchen and many of the same features as the main house, so they're sure to make your friends & loved ones feel right at home! Finally, the backyard includes a large patio, rooftop deck, a convenient storage shed, and tons of extra space perfect for a pool! This is the opportunity of a lifetime, don't let it slip by!