On a Variable Mortgage? 3 Signs Your Mortgage Payment Is About To Increase

On a Variable Mortgage? 3 Signs Your Mortgage Payment Is About To IncreaseFor many homebuyers who are new to the market, it can be very comforting to be on a fixed rate mortgage where fluctuating interest rates cannot have an impact on your monthly payments. While a variable rate mortgage can sometimes lead to significant savings at the end of the day, there are a few ways you can tell if your monthly payment is on the upswing.

An Increase In Your Home’s Value

A marked increase in a home’s value is ideal for most homeowners who consider their home an important investment. However, the downside of an increase in the price of real estate is that your property taxes will probably be bumped up along with it. According to Josh Moffitt at Silverton Mortgage, “If your home value increases because of market conditions, taxes will follow, and it will cost more to insure the home.” In order to determine if a higher payment is on the horizon, you may want to take a look at the listings in your neighborhood.

A Miscalculation

Most people hope that a re-assessment of the value of their home will lead to a bump in its price, but if your monthly mortgage payments were calculated at a specific time during the transaction, this bump may mean a higher monthly payment for you. If there was some overlap between the assessment and the property transfer, or other fees were included in your payment, your tax professional should be able to advise you on the best course of action you can take come tax time.

Insurance Renewal Is Up

In the event that the homeowner’s insurance on your home is about to expire, there’s a possibility that you’ll be paying a bit more following renewal. Instead of leaving this to chance, ensure that your insurance company is communicating with you and keeping you abreast of changes. After all, while insurance is important to protect your investment, you have the option of looking into other insurance providers who may be able to give you a better rate.

It can be hard to plan for the increase in rates that can go along with a variable rate mortgage, but if your insurance is up for renewal and the value of the homes in your area has increased, a higher monthly payment will likely follow. Give me a call for more information. – J.P. Cook – 602-320-4253.

6708 E Juniper Avenue Scottsdale, AZ 85254

$599,900
2 Beds
2 Baths
1,428 SqFt
Status Active
MLS # 6780389
Property Type Single Family Residence
Price Type --
Experience the charm and elegance of North Scottsdale in this beautifully remodeled home, nestled in a highly sought-after neighborhood. This property boasts a prime location, providing convenient access to major freeways, an array of shopping options, and exquisite dining experiences. The thoughtful renovations enhance both style and comfort, making it the perfect retreat for relaxation or entertaining guests. Enjoy the vibrant lifestyle that North Scottsdale has to offer, where outdoor adventures and cultural experiences are just moments away. Don't miss the opportunity to make this stunning home your own!

721 E State Avenue Phoenix, AZ 85020

$599,900
3 Beds
2 Baths
1,490 SqFt
Status Active Under Contract
MLS # 6734998
Property Type Single Family Residence
Price Type --
Adorable updated North Central Charmer in the highly desirable Northwood neighborhood. Cute as a button, lovingly restored and refreshed. HUGE green irrigated lot with abundant room for pool, hardscape or addition for more square footage. Updates include new windows, new electrical panel and outlets, full kitchen and baths, interior and exterior paint, new laminate wood flooring. Please see supplement in document tap for full list. Highly desired Madison School district, within walking distance to Madison Simis. Conveniently located in the North Central corridor~ a quick walk or bike ride to Lucy's at the Orchard, Murphy Bridal Path, Uptown Farmers Market and many new restaurants. Minutes from downtown and easy access to freeways. A true move in ready gem ready for you to call hom New interior and exterior paint New flooring throughout New windows (except front grid window) New baseboards Fully remodeled kitchen cabinets, countertops, plumbing, appliances Fully remodeled bathrooms including plumbing Updated cabinet hardware throughout Added laundry room storage cabinets New exterior primary bedroom door New closet racks and shelving New ceiling fans + light fixtures Updated electrical panel New electrical at outlets Front exterior planter Updated irrigation leveling New exterior patio paint New patio fan, electrical outlets New exterior lighting

25031 S Desert Flower Court Sun Lakes, AZ 85248

$599,900
2 Beds
2 Baths
1,883 SqFt
Status Active Under Contract
MLS # 6750998
Property Type Single Family Residence
Price Type --
LOVELY residence in the private, GATED COMMUNITY of Oakwood. FIRST IMPRESSEIONS wrought iron front door greets you as you step into this REMODELED beauty! Gorgeous high-end STONECREEK, soft close, DOVETAIL kitchen cabinets w/GLASS doors, STUNNING QUARTZ countertops, sleek SUBWAY TILE backsplash & PORCELAIN APRON FARM sink. Tons of NATURAL light & PLANTATION SHUTTERS, neutral paint, spacious primary bdrm, lovely walk-in shower w/PEBBLE STONE accents & CUSTOM vanity cabinets. Hall bath also tastefully UPDATED! Huge laundry rm w/tons of storage & countertops. Private backyard w/LUSH landscape & real grass! PAVERED walkway & driveway. NEWER HVAC 2018, newer EXTERIOR paint 2022, newer water heater & patio ROOF 2023. This 40 & over ACTIVE ADULT community has tons of AMENITIES,clubs, events!

2234 E Donald Drive Phoenix, AZ 85024

$599,900
3 Beds
2 Baths
1,675 SqFt
Status Active Under Contract
MLS # 6771942
Property Type Single Family Residence
Price Type --
Beautifully upgraded 3-bedroom, 2-bath home in the desirable Redhawk community. This home offers an expansive open floor plan perfect for family and guests. Enjoy luxurious features like upgraded tile flooring, granite countertops, and new AC units (installed in 2022). Relax in the cozy family room by the fireplace, which opens to the kitchen featuring stainless steel appliances. The open backyard features a sparkling pool with upgraded landscape lighting, making it an entertainer's dream. The home also boasts low-maintenance artificial turf in all the right places. With a double-car garage and an expanded paved driveway, there's plenty of parking. Don't miss this opportunity to call this stunning home your own!

3622 E Columbine Drive Phoenix, AZ 85032

$599,900
4 Beds
2 Baths
2,098 SqFt
Status Active Under Contract
MLS # 6772794
Property Type Single Family Residence
Price Type --
Beautiful Slump Block Ranch home in Roadrunner Estates. Corner Lot and elevated! This lovely home is just waiting for it's new owners to create endless memories. The home has been freshly painted inside and out, and also boasts a new roof and newer A/C and newer dual pane windows and a 2 car garage. Open layout that offers endless possibilities and offers great living spaces. Can you say location? The location is steps away from Roadrunner park and just minutes away from the new reimagined PV Mall Development that will offer so many options for dining and shopping. Whole Foods, Lifetime and Flower Child just to name a few. Imagine walking to the famers market on Saturday or just biking around the park or feeding the ducks at the pond. Relaxing backyard and desert front & home is Turn-Key!

28107 N 123rd Lane Peoria, AZ 85383

$599,900
2 Beds
2 Baths
1,682 SqFt
Status Active
MLS # 6754195
Property Type Single Family Residence
Price Type --
JUST REDUCED! SENSATIONAL UPDATED HOME with POOL & SPA. You'll LOVE this BEAUTIFUL MONTIS MODEL in TRILOGY. LIGHT & BRIGHT KITCHEN Features SOFT GRAY CABINETS, QUARTZ COUNTERS, All NEW SS APPLIANCES in 2020. ENERGY EFFICIENT CARRIER 4 TON AC/HEATPUMP 2023. WINDOWS in MBR and DEN REPLACED 2023, CUSTOM LAUNDRY SPACE DESIGNED for GE WASHER/DRYER COMBO 2023, ABUNDANT STORAGE in KITCHEN & LNDRY AREA. NEUTRAL PAINT and TILE FLOORING THROUGHOUT, UPGRADED NEWER CARPET in BEDROOMS, NEW WINDOW COVERINGS TOO! PRIVATE BACKYARD FEATURES HEATED/COOLED PEBBLE TEC POOL, COVERED PATIO W/ MISTING FAN, MOUNTAIN VIEW, and NO NEIGHBORS BEHIND. NEW FRONT LANDSCAPING 2023. Garage BOASTS HEAVY DUTY SHELVING and NEW OPENER 2024. THIS METICULOUSLY MAINTAINED HOME is READY for NEW OWNERS. WELCOME HOME!

912 W 11th Street Mesa, AZ 85201

$599,900
4 Beds
3 Baths
2,382 SqFt
Status Active Under Contract
MLS # 6742745
Property Type Single Family Residence
Price Type --
Explore the possibility to convert Detached Garage (361sf) to ADU, Pool House or Casita! NO HOA. Updated 4 Bedroom(2 primary suites), 3 full bathroom with many high dollar updates located in highly sought after Established Mesa Neighborhood. Updates: roof (2016), HVAC 2020/2022, Flooring 2017, Drain line through out home 2023, New Primary Suite/Bathroom, Laundry & Huge Pantry addition in 2022, Windows 2017. Kitchen with double ovens, granite counters, island, induction cooktop, bay window dining nook, custom built-ins open to family room with library area and stepdown into extended family room. All bathrooms updated. Split floorplan. Fenced diving pool w/slide. near Mesa Country Club, Mesa Riverview shopping/dining, Riverview park & nestled directly between the Cubs/A's Spring Training.

4055 N Smithsonian Drive Florence, AZ 85132

$599,900
2 Beds
2.5 Baths
2,385 SqFt
Status Active
MLS # 6765379
Property Type Single Family Residence
Price Type --
AMAZING LOT, AMAZING HOME! Enjoy the affordable luxury and RESORT STYLE LIVING with this remarkable ''Journey'' model. Located on a spectacular PREMIUM WASH LOT with an abundance of outdoor entertaining space that offers an extended paver patio, gas fire-pit, built-in BBQ, hot tub, pergola and BEAUTIFUL DESERT VIEWS. Every detail has been masterfully added for your consideration starting with the chefs kitchen cabinet layout w/granite counter tops, roll-out trays, soft close drawers, stainless appliances w/ newer Bosch dishwasher and fridge, RO system and water softener. Enjoy the butlers pantry w/beverage cooler, entertainment/media center, surround sound, custom closet in primary, gorgeous wood flooring, golf cart garage, A/C in garage w/additional outlets and a 4ft garage extension. You can't build this home on this LOT, with all these UPGRADES and OPTIONS at this PRICE. STUNNING HOME THAT NEEDS TO BE SEEN TO APPRECIATE! 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.

2061 E Gary Circle Mesa, AZ 85213

$599,900
5 Beds
3 Baths
3,492 SqFt
Status Active
MLS # 6700499
Property Type Single Family Residence
Price Type --
BEAUTIFUL HOUSE WITH BASEMENT FOR EXTRA BEDROOM SPACE, 5+ BEDROOMS, 3 BATHS NESTLED IN A CULDESAC WITH LARGE BACK YARD, BEAUTIFUL SWIMMING POOL, FIRE PIT, AND PIZZA OVEN. ONE BEDROOM DOWN STAIRS, 4 UP STAIRS. LARGE FORMAL LIVING ROOM, FORMAL DINING ROOM, AND VERY FUNCTIONAL KITCHEN. LARGE STORAGE ROOM WITH NEW EXTERIOR PAINT AND PATIO PAVERS, POOL RECENTLY RESURFACED. PROPERTY ON 1/4 ACRE. OWNER EAGER TO SELL, WILL LOOK AT ALL OFFERS!

2783 E Tulsa Street Chandler, AZ 85225

$599,900
3 Beds
2 Baths
1,913 SqFt
Status Active Under Contract
MLS # 6737708
Property Type Single Family Residence
Price Type --
PRICE IS MORE THAN $20,000 UNDER RECENT APPRAISAL!! Tour this gorgeous, RECENTLY RENOVATED, SINGLE STORY Chandler home today! Nestled directly between Downtown Gilbert & Downtown Chandler (less than 10 minutes to each), you'll be surrounded by endless dining & shopping options, plus almost-daily local events & activities~ This home was remodeled with entertainment in mind, boasting a thoughtfully designed layout w/a TRUE SPLIT FLOOR PLAN, featuring 3 BEDROOMS, including a LARGE PRIMARY SUITE w/a direct access to the backyard, an UPDATED ENSUITE BATHROOM & SPACIOUS PRIMARY CLOSET~ 2 large guest bedrooms complete the home, w/one showcasing a CUSTOM SHIPLAP WALL & the other featuring added BOOKSHELF STORAGE~ The home offers 2 FULLY UPDATED BATHROOMS, including a RENOVATED MASTER BATHROOM with a CUSTOM GLASS SHOWER with RAINFALL SHOWER HEAD, and a FREESTANDING TUB~The UPDATED KITCHEN features a SOLID STONE ISLAND that opens to the living space, HIGH-END APPLIANCES like a 5-BURNER KITCHENAID OVEN and a MONOGRAM MINI DRINK FRIDGE, plus a BREAKFAST NOOK with shutters overlooking the beautifully landscaped backyard~ Open the SLIDING GLASS DOORS from your living room, and an entertainer's LUXURY BACKYARD awaits, with a partially covered patio equipped with an OUTDOOR HEATER for all-season enjoyment~ Invite your friends over for backyard movie nights with an OUTDOOR MOVIE SCREEN and PROJECTOR. Backyard also features over 800 SQ FT OF PAVER PATIO AND WALKWAYS with lighting, over 350 SQ FT OF ARTIFICIAL TURF, IRRIGATED GARDEN BEDS, MATURE TREES, and NATIVE PLANTS, with NO NEIGHBORS BEHIND for added PRIVACY~ Additional highlights of the home include CEILING FANS in all rooms, an open layout with unobstructed views from the kitchen to the living and dining areas (or flex space), DUAL-PANE WINDOWS with CUSTOM SHUTTERS opening to the backyard, front yard, and side yards~ The home boasts HIGH-END PORCELAIN WIDE-PLANK WOOD FLOORS, along with a NEMA 14-50 plug for EV CHARGING in the garage, a TANKLESS WATER HEATER, AUTOMATIC GARAGE DOOR OPENERS, a WATER SOFTENER, and a freshly REPAINTED EXTERIOR in 2024 (5-YEAR WARRANTY)~ Further improvements in 2024 include home being COMPLETELY REWIRED to be brought up to current safety standards, AIR DUCT CLEANING, and installation of an AIR PURIFIER and SCRUBBER for optimal indoor air quality~ The neighborhood is surrounded by FOUR LARGE PARKS and green spaces, with a playground right across the street~ Conveniently located less than a mile from Fry's Food & Drug, you're also just minutes from Trader Joe's, Target, Whole Foods, Sprouts, and other popular grocery options~ SAN TAN VILLAGE MALL is approximately a 7-minute drive~ Part of the CHANDLER SCHOOL DISTRICT, this home is only two blocks from CHANDLER TRADITIONAL ACADEMY - LIBERTY CAMPUS, with easy access to Gilbert, AZ, across the intersection~ This exceptional property offers an unbeatable location, thoughtful upgrades, and a welcoming atmosphere!

16022 S 11th Place Phoenix, AZ 85048

$599,900
3 Beds
2.5 Baths
1,558 SqFt
Status Active
MLS # 6753651
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Ahwatukee, where luxury meets tranquility! This beautifully updated residence boasts a complete renovation with modern finishes and meticulous attention to detail. Step inside to discover a fresh, contemporary vibe enhanced by brand new tile flooring and plush carpet throughout. The heart of the home, the kitchen, has been transformed with sleek modern shaker cabinets, elegant quartz countertops, and state-of-the-art stainless steel appliances, including a coveted wine fridge. Every detail, from the new electrical fixtures to the stylish new doors and paint, reflects quality craftsmanship and a commitment to comfort. The best part...the backyard opens directly onto a serene lake, offering breathtaking water views and a peaceful retreat at your doorstep. Additional updates include a brand-new roof, ensuring peace of mind and durability for years to come. Don't miss this rare opportunity to own a stunning, move-in-ready home with an unbeatable lakeside location.

5422 S Luiseno Boulevard Gilbert, AZ 85298

$599,900
4 Beds
2 Baths
2,108 SqFt
Status Active
MLS # 6758778
Property Type Single Family Residence
Price Type --
Check out this Beautiful Single Level Home Located in the Prestigious Community: The Bridges at Gilbert! This Great Room Floorplan Home Features 3 Bedrooms, 2 Baths, Den and 3 Car Garage. The Kitchen Includes an Island, Granite Countertops, Stainless Steel Appliances, 2 Built in Ovens, Gas Cook Top and Beautiful Raised Panel Cabinets with Crown Molding! Master Suite Includes a Spacious Bathroom with a Dual Vanity, Separate Shower/Tub and Large Walkin Closet! Step into the Backyard with New Artificial Grass and Large Covered Patio, Perfect for Entertaining or Enjoying as a Family! Do Not Miss Out!!