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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21470 E Orchard Lane
Queen Creek, AZ 85142
$1,795,000
5
Beds
6
Baths
5,061
SqFt
Status
Active
MLS #
6709367
Property Type
Single Family Residence
Price Type
--
Step into your dream oasis nestled within the prestigious Orchard Estates of Queen Creek. This magnificent home is a haven for those who relish outdoor adventures and luxury living. With 5 bedrooms and 6 bathrooms, including a basement, this estate offers an unparalleled level of comfort and space. As you arrive, you're greeted by a 3-car attached garage, perfect for storing your vehicles and outdoor gear. But that's just the beginning - the property boasts a 1,750 sqft insulated and cooled shop, complete with upgraded electrical service, ensuring ample space for all your outdoor toys and projects. Enter the grand great room, where a stunning fireplace serves as the centerpiece, accentuating the bright Mediterranean-inspired decor. The chef's kitchen is a culinary marvel, equipped with a double drawer beverage refrigerator, built-in double tap kegerator, warming drawer, gas stove, and a generously sized walk-in pantry, ideal for hosting unforgettable gatherings. Retreat to the master suite, where luxury knows no bounds. Indulge in the spa-like shower, his & her walk-in closets, and a romantic fireplace, creating a serene sanctuary to unwind after a long day. Descend into the basement, where possibilities abound. Whether it's a large craft room for your hobbies or a wet bar in the rec room for entertaining guests, this space offers endless opportunities for relaxation and recreation. Step outside into the expansive backyard, where paradise awaits. Take a dip in the sparkling pool, gather around the firepit for cozy evenings under the stars, or cultivate your own garden oasis. This home offers modern conveniences abound, with features like central vacuum, Control4 automation, and a tankless water heater, ensuring that every aspect of your home is both efficient and luxurious. Don't miss your chance to own this exceptional piece of paradise!
10401 N 55th Place
Paradise Valley, AZ 85253
$1,795,000
4
Beds
2.5
Baths
2,996
SqFt
Status
Active Under Contract
MLS #
6785012
Property Type
Single Family Residence
Price Type
--
Simply the best! Welcome to this stunning, move-in-ready Paradise Valley home where timeless elegance meets modern convenience, all set against the backdrop of breathtaking Mummy Mountain views. The thoughtfully designed master split floor plan offers spacious, comfortable living with stylish upgrades throughout. Inside, you'll find all-new features, including custom cabinetry, French oak flooring, porcelain tile, and a seamless blend of granite and quartz countertops. The large sliding doors flood the home with natural light, inviting the beauty of the lush backyard into your living space. Perfect for entertaining or quiet evenings, the indoor-outdoor flow sets the stage for memorable moments. The backyard is an oasis of relaxation with a newly resurfaced pebble-tech pool, updated pool equipment with a heater, and professional landscaping complete with irrigation and lighting. The home's energy-efficient updates include a new roof, HVAC systems, and an Energy Recovery Fresh Air Ventilator, ensuring a clean and comfortable environment year-round. Located in a prime Paradise Valley neighborhood, this home offers proximity to top-rated schools, trendy shops, and restaurants, with convenient access to the 51 and 101 freeways. Move right in and start enjoying the best of Arizona livingthis gem has it all!
5438 E Yolantha Street
Cave Creek, AZ 85331
$1,795,000
8
Beds
8
Baths
6,718
SqFt
Status
Active
MLS #
6617226
Property Type
Single Family Residence
Price Type
--
Nestled in scenic Cave Creek, this exceptional estate offers 8 bedrooms, 8 bathrooms, and an array of equestrian amenities. With 12 horse stalls w paddocks, a dressage arena, wash stalls and a training arena, it's a haven for horse enthusiasts. This home boasts a chef's kitchen, luxury appliances, split guest quarters with separate grand entrance, and captivating mountain views. Beyond the immaculate pool and lush landscaping, you'll find privacy and tranquility. Your equestrian dream begins here.
7117 E Rancho Vista Drive Unit 4011
Scottsdale, AZ 85251
$1,795,000
3
Beds
2
Baths
1,944
SqFt
Status
Active
MLS #
6705754
Property Type
Apartment
Price Type
--
Welcome to this truly special Optima Camelview 3 Bedroom 2 Bath 1944 SF showstopper! This breathtaking property underwent a complete remodel by the impressive Wild Development Design & Renovation team. Simply a must see in person, you will be awed from the moment you walk inside by the abundance of floor-to-ceiling glass windows, gorgeous & spacious open kitchen/bar and well laid out living/dining spaces. This property boasts a rare two private patios (one off of the living room & one off of the master) - both featuring lively city & lush landscaping views. The spacious master suite is separate from the two guest bedrooms and offers a custom closet, soaking bath & roomy shower. Both guest rooms have multiple walls of glass and are light & bright. Walk-in laundry room. Two side by side premium private parking spaces, one with tesla/electric vehicle charging. All found within the luxurious Optima Camelview Village, with it's unbeatable location & state of the art architecture/amenities. Amenities include: Two Outdoor Zen Pools, Spas & Bbqs One on each side of the community (heated year round). 24,000 sq. ft. Fitness Center (Recently Remodeled). Mens & Womens Locker Rooms w/ Steam Rooms, Showers and Private Lockers. Indoor Lap Pool & 2 Spas (Heated year round), On-site concierge, Putting green, Hybrid Basketball / Pickle-ball Court, Racquet ball court, On-site restaurant (metropolis), conference room, 24/7 Security, Reservable party room and multi-purpose fitness/yoga room.
6243 E Sunnyside Drive
Scottsdale, AZ 85254
$1,795,000
4
Beds
3
Baths
3,124
SqFt
Status
Active
MLS #
6763734
Property Type
Single Family Residence
Price Type
--
Here is a rare opportunity to own in the highly desired and gated Equestrian Manor. With slump block construction, this is a very solid build. The Roof was replaced in 2022. This functional floorpan offers 2 fireplaces, a wet bar and high ceilings in the family room, spacious eat in kitchen, wood shutters and more. Given this property is nestled at the end of a cul de sac on 0,81 acres, with a circular driveway, and sparking pool/ jacuzzi, it provides a great space for entertaining family and friends. This home is being sold AS-IS.
7180 E Kierland Boulevard Unit 308
Scottsdale, AZ 85254
$1,795,000
3
Beds
3
Baths
2,018
SqFt
Status
Active
MLS #
6759965
Property Type
Apartment
Price Type
--
Luxury Living starts here in N. Scottsdale's highly acclaimed Optima Kierland Tower! Urban walkability & State of the Art Amenities make this the ultimate find! Rare 3/bedroom, 3/bath, NE corner end unit of the 3rd Floor. Picturesque Mountain Views, Floor to Ceiling Windows & Sliding Wall of Glass open to a large Covered Terrace. The expanded 2018 sf floor plan offers a spacious design combining the kitchen, living and dining spaces seamlessly together for the ultimate in open concept high-rise living. Feature wall with linear gas fireplace and custom mantel. Sleek kitchen design with flat-panel cabinetry, custom sliding shelves, Bosch SS appliances, gas cooktop with custom vent hood, granite countertops and prep. island w/breakfast bar seating. Generous split floor plan enjoyed with two primary suites with en-suite baths; one oversized with seating area; both having spacious walk-in closets. The 3rd guest room offers a built-in Murphy Bed perfectly suited for an office/guest suite. Exceptional Extras Include: Sliding wall of glass, motorized shades throughout, primary suite blackout shades, primary bath spa shower, upgraded custom lighting, WiFi thermostats, outdoor tile patio, 2-gas stubs for outdoor bbq and firepit, and more. **Includes 2-parking spaces conveniently located just across from the elevator, as well as a separate Storage Unit.** Gorgeous views of the McDowell Mountains start from your unit and continue from the rooftop pool and patios with breathtaking views, rooftop running track, BBQ areas, TVs, spa, sauna, plunge pool, steam room, & entertaining areas large and small. On the main level, enjoy all the luxurious amenities you could ask for including state of the art fitness center, massage and spa, locker rooms, indoor sports courts including pickleball, basketball, and racket ball, plus party room, coffee bar, gaming room, ping pong and pool table, virtual golf, media area, numerous indoor and outdoor entertaining spaces, and even a shaded dog park with bathing and water stations. Urban walkability is ideally situated right across the street from Kierland Commons & Scottsdale Quarter for luxury shopping, dining and entertainment. Plus, you're minutes from the 101, Scottsdale Airpark, TPC Scottsdale, and WestWorld.
6311 E Monterosa Street
Scottsdale, AZ 85251
$1,795,000
4
Beds
3
Baths
2,287
SqFt
Status
Active
MLS #
6757604
Property Type
Single Family Residence
Price Type
--
***Quintessential Arcadia Ranch***Located in the ''sweet spot'' between Lafayette & Exeter. Large corner cul-de-sac lot with picturesque front yard curb appeal and broadside view of Camelback Mountain. Also known as Friendship Lane, you'll feel welcomed upon arrival. Inviting front patio sitting area leads to classic entry way, large island/eat-in kitchen, vaulted dining & great room, w/ wood burning fireplace, solid oak wood floors, w/ herringbone patterned brickwork, wainscoting & plantation shutters. Granite counters, custom cabinets, stainless Viking appliances, newer lights & fixtures, crown, split floor plan, w/ 2 master bedrooms, outdoor built-in BBQ, & sparkling swimming pool. Large primary master suite w/ jetted tub & big closet. Office off laundry room, side loading 2.5 garage.
7147 E Rancho Vista Drive Unit 4011
Scottsdale, AZ 85251
$1,795,000
3
Beds
2
Baths
1,922
SqFt
Status
Active
MLS #
6722919
Property Type
Apartment
Price Type
--
A true Optima Camelview renovation masterpiece. The attention to detail is unparalleled. From the moment you walk in you'll be awed by the very specious open floor plan which looks out towards the endless floor to ceiling glass windows and huge completely private terrace. Lavishly renovated from head to toe, no expense was spared in adding every luxury and feature to this breathtaking retreat. Exquisite custom cabinetry and countertops throughout. An extensive Wolf and Sub Zero appliance package, breathtaking custom quartzite slab gas fireplace, smart accent lighting controlled via Lutron Caseta, automated blinds through out +++ All found within the luxurious Optima Camelview Village, with it's unbeatable location & state of the art architecture/amenities. Amenities include: Two Outdoor Zen Pools, Spas & Bbqs One on each side of the community (heated year round). 24,000 sq. ft. Fitness Center (Recently Remodeled). Mens & Womens Locker Rooms w/ Steam Rooms, Showers and Private Lockers. Indoor Lap Pool & 2 Spas (Heated year round), On-site concierge, Putting green, Hybrid Basketball / Pickle-ball Court, Racquet ball court, On-site restaurant (metropolis), conference room, 24/7 Security, Reservable party room and multi-purpose fitness/yoga room.
28729 N 107th Street
Scottsdale, AZ 85262
$1,790,000
4
Beds
4.5
Baths
4,197
SqFt
Status
Active
MLS #
6787474
Property Type
Single Family Residence
Price Type
--
Nestled at the end of a quiet cul-de-sac in the coveted Candlewood Estates neighborhood of Troon North, this stunning Desert Contemporary custom home offers the perfect blend of luxury, comfort, and natural beauty. Spanning 4,197 square feet, this exquisite residence features 4 bedrooms and 4.5 bathrooms, each designed to maximize space and create a tranquil sanctuary amidst the breathtaking desert landscape. As you step inside, you're immediately greeted by an abundance of natural light pouring through large windows, filling the expansive interiors and offering sweeping views of the surrounding desert hills and rugged terrain. The seamless transition from indoor to outdoor living is evident at every turn, with the home's open-concept design connecting the spacious great room to the central courtyard, where a sparkling pool and spa create an ideal space for both peaceful relaxation and lively entertaining. The great room, with its inviting fireplace and ample seating area, strikes a perfect balance between luxurious finishes and casual comfort an ideal setting for family gatherings or quiet evenings. Adjacent to the great room is the chef-inspired kitchen, a true masterpiece of design. Outfitted with high-end stainless steel appliances, custom cabinetry, it is a space that effortlessly blends style with functionality, making it a true hub for both everyday meals and larger gatherings. The primary bedroom suite is a true retreat, a spacious and serene getaway that offers stunning desert views, a large walk-in closet, and a spa-like bathroom complete with a soaking tub and walk-in shower. Every detail of the home has been thoughtfully designed with relaxation and comfort in mind. Outside, the central courtyard is a hidden oasis, complete with a shimmering pool, relaxing spa, and lush greenery, creating a peaceful and private atmosphere for enjoying the Arizona sunshine. Whether hosting friends by the pool or unwinding in the evening with a glass of wine under the stars, this home offers an unparalleled blend of luxury, tranquility, and modern living. With its perfect balance of space, comfort, and natural beauty, this home in Candlewood Estates is more than just a place to live. It's a peaceful desert retreat that invites you to slow down, relax, and enjoy life's simpler pleasures.
30793 N 77th Way
Scottsdale, AZ 85266
$1,790,000
4
Beds
3.5
Baths
4,143
SqFt
Status
Active
MLS #
6752417
Property Type
Single Family Residence
Price Type
--
Beautiful home on one of the best lots in popular gated Bellasera. Open and airy floorplan with 4 bedroom/3.5 baths. Enter through front door and be greeted by a wall of windows overlooking backyard and pool and the awesome mountain views! Separate ''guest wing'' with two bedrooms, bath and flex room. Other features include island kitchen with gas cooktop, double ovens, and walk-in pantry, overlooking spacious family room with fireplace, shutters, tile flooring, and pre-wired for surround sound. Extra large Primary Suite that has custom closet organizer. Private backyard features private pool & spa, mature landscaping and oh those views! Enjoy the state-of-the art community center that has pool, spa, workout room and pickleball. All of this, close to shopping, restaurants and golf!
1206 N La Costa Lane
Flagstaff, AZ 86004
$1,786,000
4
Beds
5
Baths
3,965
SqFt
Status
Active
MLS #
6776912
Property Type
Single Family Residence
Price Type
--
Welcome to your gorgeous mountain home in Flagstaff's amenity-rich Continental Country Club neighborhood. Enjoy 2.17 private acres in town—minutes from outstanding schools, golf, and trails! This updated home has panoramic forest views, private patio and deck areas, and easy-maintenance landscaping. The main floor boasts vaulted ceilings, a primary suite, two living spaces with fireplaces, 2 half-baths, a dining area, and an open kitchen with views overlooking the acreage. Upstairs, a 2nd ensuite, a 3rd bedroom, and another full bath. Downstairs has a 4th bedroom, full bath, gym/flex space, and living space--with in-law quarter potential. The expansive floorplan is both elegant and functional. Newer roof (2023) and outside paint (2022). City utilities and services.
8155 E Thorntree Drive
Scottsdale, AZ 85266
$1,785,000
3
Beds
3.5
Baths
4,274
SqFt
Status
Active
MLS #
6780559
Property Type
Single Family Residence
Price Type
--
VIEWS, LOCATION, PRIVACY, MOVE-IN-READY describe this grand, quality-built North Scottsdale home in gated community of Verdante. Resort style backyard built in 2015. Inside this updated home is travertine flooring, 12ft ceilings & 8ft solid core doors w/ extra wide doorways and halls. The primary suite w/sitting area includes spa-like bathroom, two toilet rooms, oversized tub, large walk-in closet. Two offices with clear views of mountains and courtyard. Gourmet kitchen has ALL the bells and whistles, large Quartzite(TajMahal) island, 5-burner gas stove & walk-in pantry. Great room w/ gas fireplace & full bar w/ wine fridge, perfect for entertaining. Home is on ¾+ acre lot, surrounded by natural desert & stunning mountain views. Conveniently located between Pima & Scottsdale. Major updates include HVAC Trane XV18 units (2018), roof w/transferable warranty (2022) and windows (2021). Backyard renovation (2015) included adding pool w/stacked stone surround, firepit, BBQ, travertine pavers and landscaping. The pebble-tec, self-cleaning, heated pool includes two water features and a Baja shelf. Two orange trees in backyard.