Buying a home is an ideal investment for many people because not only is it a place that belongs to them, it can also be very beneficial financially. While you may be strongly considering buying a home for these reasons, it’s also important to be in good financial health so that your ideal home purchase is within reach. If you’re currently perusing the market for prospects, here are some reasons you should pay down debt before taking the leap into home ownership.
Good Credit History
The amount of your debt load and whether or not you’re paying off your minimum monthly payments has a considerable impact on your mortgage approval, so ensuring that you have good credit history going into the process is important. If you’ve had hiccups with your credit, make sure you go through your credit report prior to submitting your application to determine where you’re at.
Lowering Your Debt-to-Income Ratio
Whether or not you’ve heard the term, your debt-to-income ratio (DTI) has a significant impact on how much house you can afford. Made up of the amount of your monthly debt payment and current house payment, your DTI should be below a certain percentage as this will enable you to afford a higher home payment each month.
Shifting Interest Rates
Getting a mortgage is one thing, but interest rates add more to the monthly amount you’ll owe. A fixed-rate mortgage can seem like a good idea, but if interest rates are low you may end up paying more than you would on a variable rate, which can be hard to predict. As interest rates are a part of home ownership, having lower debt will enable you to deal with these additional costs.
Finding The Right Home
Putting your money into a home can be one of the best purchases you’ll make, but if you’re unable to afford the home you love, it can be a disappointing fact to face. While there are no assurances that paying down debt will enable you to afford your dream home, it can go a long way towards giving you more options that will fit your budget.
Buying a home can be a money saver in the long run, but if you’re struggling to keep up with your debt payments buying into the market can be more of a burden than anything else. If you’re currently paying down debt and considering a home purchase, give me a call and let me help start the planning process – J.P. Cook – 602-320-4253.
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855 S Tall Timber Trail
Parks, AZ 86018
$1,899,000
6
Beds
3.5
Baths
4,075
SqFt
Status
Active
MLS #
6766887
Property Type
Single Family Residence
Price Type
--
Main home is 3,700 sq ft plus a separate Casita of 375 sq ft a total of 4,075 sq ft. Nestled on over 11 acres of pristine land surrounded by National Forrest with breathtaking views of Sitgreaves Mountain, this exceptional one-of-a-kind equestrian estate offers unparalleled privacy. Perched on a raised lot amidst towering pines, enjoy complete seclusion while being just 20 minutes from all of the amenities of Flagstaff. A short drive to popular attractions like Snowbowl, The Grand Canyon, Bearizona, Kaibab Lake, Kendrick Peak and Historic Route 66 in Williams, it's perfectly positioned for adventure. On-site, enjoy your own private sledding hill, fire pit, side-by-side track, while the property's updated barn, three corrals and round pen make it an ideal equestrian haven Step right off the property onto hiking and horse-riding trails in the national forest or explore over 300 miles of UTV trails. Fully remodeled with meticulous attention to detail, the home boasts a stunning kitchen featuring semi-custom Thomasville soft-close cabinetry, a vibrant kitchen island, 60-inch Italian Hallman gas range, GE Profile stainless steel appliances w/oversized walk-in pantry. Luxury throughout w/heated floors, high-end shutters, modern light fixtures, high-efficiency windows, smart thermostats and custom Roman shades. The inviting great room, complete with a cozy, high-efficiency fireplace, French doors and mountain views, leads to the back patio, a charming sitting room, a lavish ensuite w/natural stone flooring, jetted soaking tub w/view, and walk-in closet. Upstairs, you'll find four generously sized bedrooms, each outfitted with blinds and ceiling fans for comfort. The property continues to impress with a fully remolded barn/RV Garage/workshop w/200amp service that includes a studio apartment complete with a kitchenette & bathroom, plus a greenhouse for year-round gardening. This one-of-a-kind home combines luxury and nature, offering the ultimate retreat. Plus 14 security cameras covering the property including the interior and exterior barn/crawl space and garage! Hauled Water w/large 10,000-gallon cistern and oversized septic tank fully serviced in 2021.
1705 E Desert Mimosa Drive
Payson, AZ 85541
$1,899,000
4
Beds
4
Baths
4,477
SqFt
Status
Active
MLS #
6738346
Property Type
Single Family Residence
Price Type
--
Stately and magnificent, this mountain home features a charming guest casita adjacent to a welcoming courtyard. The main home boasts post and beam construction, vaulted wood ceilings, and Venetian plaster walls. The elegant master bedroom is complemented by an office with custom built-in cabinetry and shelving. The spacious lower level includes a guest bedroom and a wine cellar, perfect for hosting visitors. Designer touches abound in this unique home, with custom cabinets, hardwood flooring, slate flooring, and a sound system that spans the entire house. The private courtyard, enclosed by stone walls, features a fountain and an outdoor gas fireplace with its own sitting area, creating a perfect space for relaxation. Further enhancements include an additional patio area with a built-in BBQ and fire pit, ideal for entertaining guests and family while enjoying the crisp mountain air and panoramic views of the majestic Mogollon Rim. This home seamlessly blends luxury with the natural beauty of its surroundings. A NEW CONCRETE TILE ROOF WAS JUST INSTALLED IN SEPT!
8008 E Del Plomo Drive
Scottsdale, AZ 85258
$1,899,000
3
Beds
2.5
Baths
2,480
SqFt
Status
Active
MLS #
6758399
Property Type
Single Family Residence
Price Type
--
Stunning completely remodeled luxury dream home in prime McCormick Ranch! High ceilings spacious naturally bright layout with new open kitchen, light wood floor ceiling custom cabinetry with professional designer finishes throughout. Large folding accordion patio door for entertaining, French white oak wood floors, butlers pantry, custom fixtures/lighting, doors, stainless appliances,hardware,quality finishes throughout and attention to details! Split bedroom floor plan with extra den office and private primary bedroom with gorgeous bathroom, 2 walk in closets, opens to back patio w views of gorgeous backyard/mountains. Cul de sac serene rare location-In a class all its Own! Don't miss this wonderful well crafted designer fabulous home in desirable McCormick Ranch ** See today!
12357 E Black Rock Road
Scottsdale, AZ 85255
$1,899,000
4
Beds
3.5
Baths
2,810
SqFt
Status
Active
MLS #
6764680
Property Type
Single Family Residence
Price Type
--
Opportunity knocks! If you want new construction in a premier guard gated Scottsdale community, you will not want to miss this fully furnished, single level home with no steps, built in 2022. This home is move in ready with after market upgrades, landscaping, TVs & blinds installed and included.. Quality Toll Brother's construction with desirable great room floor plan that boasts plank tile flooring, a floor to ceiling tiled gas fireplace and stackable door to the patio for easy indoor/outdoor living. The upgraded kitchen will not disappoint with floor to ceiling cabinetry, Wolf/Sub-Zero appliance package and oversized center island. The Primary suite is split from the other 3 bedrooms. The ensuite has an attached sitting room and is perfect for short of long term guests. The backyard is low maintenance with synthetic grass and a deep covered patio that works perfect for Arizona indoor/outdoor living at its finest. There is a single and 3 car garage for a total of 3 spaces. There is an electronic charger already installed in the 2 car garage. Life the life you have always dreamed of surrounded by the beauty of the McDowell Sonoran Preserve with easy access to hiking and mountain biking trails as well as a state-of-the-art clubhouse with 2 pools, fitness center, steam room, and restaurant just minutes from your front door.
18841 N 94th Way
Scottsdale, AZ 85255
$1,899,000
4
Beds
3.5
Baths
2,906
SqFt
Status
Active
MLS #
6768392
Property Type
Single Family Residence
Price Type
--
MOUNTAIN VIEWS. Step into this beautifully renovated mountain view home, designed by award-winning LONDON PIERCE DESIGN in Scottsdale with meticulous detail and high-end finishes: Chef's Kitchen with an oversized Butler's Walk-In Pantry (hidden behind the kitchen wall). Wine Room. Two (2) Laundry Rooms, Upstairs and Downstairs. Dazzling Goblet Chandelier. Top-Of-The-Line Appliances. Frameless Soft Close Cabinetry. Bianca Fina Quartz Countertops. 60'' Ignite Linear Electric Fireplace. Downstairs Guest En-Suite. Vaulted Ceilings. Natural Lighting Throughout. Separate Guest Powder Room. See-Through Glass Railing. Floating Vanities With Under Sink Lighting. Custom Lighting In Expansive Shower. All New Windows. Wide Plank White Storm Hardwood Flooring. 16' Sliding Doors To Backyard Oasis. Ancient Stone Pavers. Built-In BBQ And Bar Top Seating. Large Sparkling Pool. Putting Green. New Exterior Paint. New Interior Paint. All New Fixtures And Hardware. All New Can Lights And Ceiling Fans. New Double Entry Front Door. Level-5 Drywall. New Sprinkler Heads. Epoxy Garage. Audio-Visual System Pre-Wired With Cat6 Ethernet. Front Door Has Network Doorbell Camera. All Designed by an award-winning firm in the Valley with exceptional detail and high-end finishes. IRONWOOD VILLAGE, highly regarded, highly sought after. Added Privacy on 3 sides. Conveniently located near fashionable restaurants and shopping as well as the 101 loop. Trane HVAC Units, Roof Underlayment replaced in 2023. Pool Filter New 2022. See Documents for a complete listing of upgrades and improvements. Warranties available. Permits by Licensed GC.
6413 N 31st Street
Phoenix, AZ 85016
$1,899,000
3
Beds
3.5
Baths
3,616
SqFt
Status
Active
MLS #
6761884
Property Type
Single Family Residence
Price Type
--
PRICED TO SELL! Welcome to this timeless, contemporary, and completely reimagined Biltmore Hillside Villa, boasting over $500K in interior/exterior renovations and premium upgrades. Step inside and be greeted by soaring ceilings that offer bright, natural light throughout the open living spaces. Discover the thoughtfully and totally reconfigured kitchen, featuring a massive center island, state-of-the-art appliances, gas cooktop, custom hood, and a window package with manual, remote, and smart-controlled operation. The elegantly designed wet bar with oversized wine fridge, ice maker and sink provide ample space for additional entertaining. An oversized walk-in butler's pantry has been added and includes a center island for additional storage and convenience. Oversized Belgian bluestone tile flooring leads you to the updated bonus room and completely transformed powder room. Upstairs you'll find additional, significant renovations and upgrades, including the conversion of a Jack and Jill bath into private en suites, and ample walk-in closet spaces. The conveniently located and oversized laundry room includes an abundance of floor-to-ceiling cabinetry and built-in storage. Enter the luxurious primary suite with its spacious walk-in closet and indulgent, spa-like bathroom, complete with coffee bar and beverage fridge. The jaw dropping oversized shower, soaking tub, vanities, and makeup station provide the ultimate retreat for relaxation and rejuvenation. The serene backyard has been completely transformed into a peaceful retreat with new pool, elegant limestone decking, turf accents, and newly built gas BBQ station, perfect for quiet relaxation or private outdoor entertaining. Recap the day, tell stories, and share memories by the new built-in gas firepit or under the covered patio. 24/7 guard-gated security; exclusive access to hiking trails on Piestewa Peak; minutes from the Biltmore Resort, golf courses and new clubhouse, and some of the Valley's hottest and world renown restaurants and retail destinations; adjacent to Paradise Valley, yet centrally located with easy access to SR-51, Downtown Phoenix, North Scottsdale, Old Town Scottsdale, and Phoenix Sky Harbor Airport. Just to name a few, these are some of the reasons this highly sought-after community is the ultimate in luxury living.
28602 N Summit Springs Road
Rio Verde, AZ 85263
$1,898,900
4
Beds
3.5
Baths
3,211
SqFt
Status
Active
MLS #
6786066
Property Type
Single Family Residence
Price Type
--
New gorgeous Mike Foster Custom Spec Home with all the extras at Trilogy at Verde River! This home offers 3211 sf. ft. w/4 Bedrooms, 3 1/2 Baths. and a 3 Car Garage. See amenities sheet in the listing for more details. Beautiful design elements are apparent from the moment you arrive and not a detail has been overlooked either inside or out. Exterior stone accents and 9 ft tall custom 3 panel steel door with acid etched glass provide a striking curb appeal and resort-style welcome. The spacious floor plan with 12 ft high ceiling is thoughtfully laid out with exquisite details including beautifully handcrafted wood beams, spectacular wood floors, and direct access to resort style back yard with your own private POOL and SPA. The kitchen has shaker cabinets, Monogram appliances with the quartzite countertops. The Great Room opens to an outdoor living room with Wall of Glass for optimal Arizona indoor-outdoor living where many great moments at home are spent outside. Resort living at its finest - enjoy breakfast on the patio, wine by the fire pit and all the amenities that Trilogy has to offer! Trilogy at Verde River offers upscale Resort living at its finest and the very best of all possible worlds, close to the conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert. The amenities are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickle ball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails. Whether you're seeking a second, winter home, or will live here year-round, Trilogy at Verde River is an ideal distance from the hustle and bustle of North Scottsdale. Attitudes here are different; there's a sense of community. You'll love the Resort living! What memories will you make?
8400 E Columbus Avenue
Scottsdale, AZ 85251
$1,895,900
4
Beds
3.5
Baths
3,254
SqFt
Status
Active
MLS #
6751625
Property Type
Single Family Residence
Price Type
--
This like new single level home just minutes to Downtown Scottsdale & Scottsdale Fashion Square shopping and restaurants! This boutique community features just 13 homesites and selling fast. This Spacious single level home has 4 bed + den, 3.5 baths, large bonus room or formal living/dining + Den/Office. The spectacular kitchen opens to the Great Room. Primary bedroom includes large soaking tub, separate large walk- in shower and 2 closets, Split ensuite Guest bed rooms .
10120 E Topaz Drive
Scottsdale, AZ 85258
$1,895,888
3
Beds
2
Baths
2,516
SqFt
Status
Active
MLS #
6768103
Property Type
Townhouse
Price Type
--
ENJOY THE PRIVILEGE OF LIVING IN SCOTTSDALES PREMIER WATERFRONT COMMUNITY WITH SPECTACULAR LAKE AND MOUNTAIN VIEWS.RELAX IN YOUR PRIVATE BACKYARD WITH COCKTAILS ON AN EVENING CRUISE ON LAKE SERENA WITH ACCESS FROM YOUR PRIVATE BOAT DOCK. GREAT ROOM HAS SOARING WOOD BEAM CEILINGS HIGHLIGHTED BY A WALL OF WINDOWS OVERLOOKING THE WATER.PLANTATION SHUTTERS,WOOD FLOORING, VAULTED CEILINGS, CUSTOM CABINETRY ARE JUST A FEW OF THE MANY AMMENITIES. SHOWN BY APPOINTMENT.
24453 S 202nd Court
Queen Creek, AZ 85142
$1,895,000
4
Beds
4.5
Baths
4,579
SqFt
Status
Active
MLS #
6763557
Property Type
Single Family Residence
Price Type
--
Nestled within the exclusive, gated community of The Pecans, this exceptional neighborhood is surrounded by thousands of mature pecan trees, offering a rare blend of natural beauty and ultimate privacy. Located on a quiet, private street, this home sits on an expansive 30,000+ square foot lot, just minutes from the lively center of Queen Creek and the Pecan Lake Entertainment Center, perfectly balancing tranquility and convenience. As you approach, a long pavered driveway and a grand entrance welcome you, hinting at the luxury within. Inside, soaring ceilings and expansive living areas create a sophisticated yet comfortable environment, ideal for both elegant entertaining and everyday living. The heart of this home is a chef's gourmet kitchen, a true culinary masterpiece featuring premium appliances and exquisite finishes, designed to inspire unforgettable dining experiences. The grand primary retreat offers a serene and lavish sanctuary with opulent finishes, while the additional spacious bedrooms provide private, peaceful escapes for family and guests. Outside, the resort-style backyard is an entertainer's dream, complete with lush landscaping, a sparkling pool, and a relaxing spaperfect for both hosting and unwinding. The property also features an oversized garage, an RV gate with room for a future RV garage, and plenty of space for all your outdoor needs. This estate defines luxury living in one of Queen Creek's most coveted neighborhoods.
2544 E Denton Lane
Phoenix, AZ 85016
$1,895,000
4
Beds
2.5
Baths
2,791
SqFt
Status
Active
MLS #
6759823
Property Type
Single Family Residence
Price Type
--
Welcome to your dream oasis nestled in the prestigious Biltmore Greens, just a short stroll from the renowned Arizona Biltmore Resort. This meticulously remodeled residence boasts a fantastic floor plan, offering both comfort and style. Step inside to discover exceptional architectural character and quality as you are lead through a beautifully appointed interior featuring gorgeous wide plank oak floors, new windows, and updated systems. The home is equipped with two Trane HVAC units, a modern electric panel, a water softening system, a durable foam roof, and a new water heater, ensuring peace of mind for years to come. The heart of the home is a chef's paradise kitchen, complete with a Sub-Zero refrigerator, Wolf cooktop and double oven, warming drawer, and Bosch dishwasher, as well as a spacious pantry. It's perfect for entertaining family and friends. The open layout flows seamlessly into a professionally landscaped, low-maintenance backyard oasis, featuring a sparkling pool and waterfall feature (1 yr old pump & filter)- ideal for relaxing or hosting gatherings. This 4-bedroom gem features a split plan with a fantastic primary suite, featuring an enormous walk-in closet. The home is situated within a guard-gated community, offering direct access to Biltmore Fashion Park, world-class golfing, and an array of amenities, including tennis and pickleball courts, playgrounds, and extensive walking trails. With the HOA maintaining the front yard, you'll have more time to enjoy the luxurious lifestyle this location affords and peace of mind whether this is a full time or seasonal home. Conveniently located for an easy commute to Sky Harbor Airport and all areas of the valley, this home combines elegance, modern living, and a prime location in one irresistible package. Don't miss your chance to call this stunning property your own!
3468 Lee Doyle --
Flagstaff, AZ 86005
$1,895,000
4
Beds
2.5
Baths
2,978
SqFt
Status
Active Under Contract
MLS #
6677023
Property Type
Single Family Residence
Price Type
--
Welcome to your peaceful mountain paradise in Forest Highlands! Set to the rear of an expansive .75 acre lot, this home has a sense of privacy, notably because it backs to National Forest land. Meticulously maintained, you will find great functionality in this well-designed floor plan. The great room boasts an inviting wood-burning fireplace and an expansive wall of windows, showcasing the ponderosa pines beyond the Trex Deck . A formal dining area and open-concept kitchen, complete with ample cabinetry and built-in appliances, makes for easy entertaining. There is also a large utility/laundry room and a powder room, just off the kitchen. Another great attribute is the dedicated office on this floor, complete with desks and additional storage. There are three large bedrooms on the main level too, with a full bath shared between them. Upstairs is the primary suite, nestled just off a cozy loft overlooking the great room. With a split ensuite, walk-in closet and gas fireplace, this restful retreat is a perfect spot to relax and unwind. The back deck has covered and uncovered spaces, with easy access through the oaks to the canyon just beyond--a perfect spot to enjoy the fresh mountain air. Finally, an extra special attribute is a stand-alone studio just off the back porch! The studio is not included in the overall square footage of the home. Equipped with electricity, this space will make an excellent workshop, craft room, game room, exercise space or kids' play house. Come enjoy all that makes Forest Highlands such a desirable community--two world-class golf courses, pickle ball, dining, hiking, social and family programs, tennis, and so much more! Tucked away amidst 1,100 acres of pristine alpine beauty, Forest Highlands exudes an unparalleled sense of exclusivity and serenity. With two championship golf courses designed by Tom Weiskopf and Jay Morrish, Forest Highlands sets the stage for unforgettable golf experiences. The community offers an array of exceptional amenities, including two clubhouses, multiple dining options, tennis courts, swimming pools, and miles of hiking and biking trails. Forest Highlands is a retreat where luxury meets nature, ensuring a harmonious lifestyle for its residents.