Planning to Get a Mortgage in 2017? 4 Reasons Why It’s Time to Start Paying Down Other Debts Now

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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

411 W Galvin Street Phoenix, AZ 85086

$1,695,000

4 Beds

3.5 Baths

2,726 SqFt

Status Active

MLS # 6771487

Property Type Single Family Residence

Price Type --

Luxury Remodeled Farmhouse on 2.6 Acres - Horse Property with Resort-Style Pool & Guest Suite Step into the elegance of this completely remodeled farmhouse, sitting on 3 acres of pristine land, perfect for horse lovers. The property features a 2-mare hotel and an arena, catering to all your equestrian needs. Unwind in the 40,000-gallon saltwater pool—a true resort-style oasis right in your backyard. For those who need space to work or play, there's a 3,600 SF detached warehouse complete with a guest suite and bathroom. It's already prepped for a kitchenette, and includes a full gym, an inground cold plunge, and an infrared sauna for ultimate relaxation and wellness. Additionally, a 1,600 SF building on the property is fully outfitted as an office and schoolroom, perfect for homeschooling or remote work. With too many upgrades to list, this property is a rare find. Seller financing available.

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3174 E Marlette Avenue Phoenix, AZ 85016

$1,695,000

4 Beds

2.5 Baths

2,796 SqFt

Status Active

MLS # 6760989

Property Type Single Family Residence

Price Type --

Welcome to your perfect oasis in the guard gated Biltmore Greens. Ideally situated in the foothills of the Phoenix Mountain Preserve, this Biltmore pied et terre offers you both privacy and peace of mind. Allowing you to right size your life with the convenience of a lock and go lifestyle. Step inside to discover a bright, open-concept kitchen that boasts tons of countertop space, perfect for cooking and entertaining. The timeless design seamlessly flows into inviting living areas, creating a warm and welcoming atmosphere for family and friends. While the charming low-maintenance backyard provides a serene escape for outdoor gatherings or quiet moments of relaxation. Convenience is at your fingertips with an array of shopping, dining, and entertainment options just moments away.

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29048 N 53rd Street Cave Creek, AZ 85331

$1,695,000

4 Beds

3 Baths

2,392 SqFt

Status Active

MLS # 6755729

Property Type Single Family Residence

Price Type --

The ideal Arizona Ranch, This property features a beautiful single level home with 3 bedrooms 2 bathrooms a sparkling pool and private yard plus a new roof. The ranch area features a brand new 24 stall barn, large new arena 80x120 and property has room to add a round pen or more turnouts. The separate casita has a full kitchen studio style living space and full bath. This ranch is located at the end of 53rd street a very private, very equestrian friendly neighborhood and the best part...This property has CITY WATER and PAVED ROADS TOO!

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7705 E Doubletree Ranch Road Unit 46 Scottsdale, AZ 85258

$1,695,000

3 Beds

2 Baths

2,366 SqFt

Status Active

MLS # 6778656

Property Type Single Family Residence

Price Type --

PROFESSIONALLY DESIGNED & ARCHITECTED WITH LEVEL 5 FINISHED SMOOTHED WALLS-ALL MARBLE & QUARTZITE BACK SPLASHES & COUNTER TOPS W MITERED EDGES-FLOOR TO CEILING TILE & GLASS THRU OUT BATHROOMS W CURBLESS ENTRY-ENTIRE HOUSE HAS AMERICAN MANUFACTURED DELTA PLUMBING FIXTURES-ALL BRAND NAME HIGH END DESIGNED LIGHTING/CEILING FANS.NEW CUSTOM & LOCALLY MANUFACTURED ALDERWOOD INTERIOR DOORS-96'' WHERE APPLICABLE-BARN DOORS ARE ALL SOFT CLOSE-NEW TOP OF THE LINE CABINETRY THRU OUT ENTIRE HOME-ALL W SOFT CLOSE DRAWERS AND CABINETS -ALL FLOORING/TILE/MARBLE MATERIALS ARE ITALIAN OR SPANISH MANUFACTURED-NO DISCOUNT OUTLETS-ENJOY GAINEY RANCH AMENITIES-24-HR GUARD GATES-NEW ESTATE CLUB-TENNIS & PICKLE BALL COURTS-FITNESS CENTER-OLYMPIC SIZE POOL-THIS HOME IS TRULY MOVE IN CONDITION -THIS IS A MUST SEE

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24209 N 87th Street Scottsdale, AZ 85255

Open House

New

$1,695,000

4 Beds

3.5 Baths

3,770 SqFt

Status Active

MLS # 6787243

Property Type Single Family Residence

Price Type --

Welcome to North Scottsdale luxury living in Pinnacle Peak Estates. Situated on over 1.3 acres this spectacular home boasts a variety of upgrades including a 4 car extended length garage w/electric vehicle charging station & storage cabinets, RV parking, observation roof deck, mountain views, resort style backyard, massive circular drive and over 1,000 sq ft of pavers! Brand new roof in 2023 w/10 year warranty, remodeled master bath and new septic in 2021. Interior features include 2 fireplaces, 4 beds, 3.5 baths, separate office & den, split floor plan, stone & wood flooring throughout, kitchen island w/ granite countertops, breakfast eating area & formal dining. Amazing backyard amenities include a private pool, heated spa, built in BBQ, large covered patio, fire pit & mountain views!!

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10468 E Quartz Rock Road Scottsdale, AZ 85255

Open House

$1,694,900

4 Beds

4 Baths

3,691 SqFt

Status Active

MLS # 6746155

Property Type Single Family Residence

Price Type --

A true Troon oasis! This beautiful custom home was perfectly designed to gaze directly upon Troon Mountain. Enter through the front courtyard and imagine yourself relaxing in the pool, or sitting on the patio with one of Scottsdale's most picturesque mountains as your backdrop. Step inside, where you'll find a living room with a wall of windows, again designed with the specific goal of soaking in those majestic views, topped by clerestory windows for abundant light. Subtle southwest details add tons of charm, like saltillo flooring, soft-edge niches and fireplace surrounds, and vega beam accents inside and outside. Continue to the kitchen, with gorgeous granite counter tops, stone accent backsplash, stainless appliances, and a generous pantry. Here you'll also find the comfortable sitting room, with a second fireplace and warm wood accent ceilings. The bedroom layout is ideal. The primary suite has access out to a private patio and an ample ensuite bathroom with separate shower and tub, as well as two walk-in closets. Also within the main house are two large guest bedrooms, each with walk-in closet and ensuite bathroom. Don't miss the casita, this fourth bedroom is a complete setup for your guests, with plenty of space for a bed and seating/office area, a niche for the mini fridge, and of course full bathroom and walk-in closet. The garage is huge, with more than enough space for two cars plus almost one full-size car space on the side for storage, workshop, bikes, golf cart, and more. Imagine having all of this in a gated community within Troon, one of Scottsdale's most renowned neighborhoods. Not just that, but in the center of Troon, walking distance to your morning hike at the Pinnacle Peak Mountain or lunch at Pinnacle Grill, or grab your bike and continue to the Four Seasons Resort for dinner at Proof Canteen, Talavera Steakhouse, or just enjoy a massage at the spa. The list is practically endless for golf, fine dining, shopping, hiking, everything that north Scottsdale has to offer, just minutes away. Come see this amazing home today.

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6836 N 13th Place Phoenix, AZ 85014

$1,694,500

4 Beds

4.5 Baths

3,195 SqFt

Status Active

MLS # 6745364

Property Type Single Family Residence

Price Type --

Opportunity is knocking. *TO BE BUILT* Welcome to your future dream home in one of Phoenix's most sought-after neighborhoods! Nestled in the prestigious, A+ rated Madison School District, this rare, custom build opportunity offers you the chance to create a home that's as unique as you are. Imagine designing your perfect sanctuary, tailored to your every desire, right in the vibrant heart of Uptown Phoenix! Whether you envision a modern architectural masterpiece or a charming, classic farmhouse, this prime location offers the perfect canvas to bring your vision to life. Stroll through the nearby trendy cafes, indulge in gourmet dining experiences, or enjoy a night out at the local bars, all within a stone's throw of your future doorstep. *Photos are of previous homes. This is more than just a lot; it's an invitation to build your forever home in a community known for its charm, convenience, and top-tier amenities. Don't miss out on this incredible opportunity to create the home you've always dreamed of, in a location that truly has it all.

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6836 N 13th Place Phoenix, AZ 85014

$1,694,500

4 Beds

4.5 Baths

3,195 SqFt

Status Active

MLS # 6745366

Property Type Single Family Residence

Price Type --

Opportunity is knocking. *TO BE BUILT Discover the endless possibilities of crafting your dream home in one of Phoenix's most coveted neighborhoods! Located in the prestigious Madison School District, known for its A+ rating, this rare custom build opportunity allows you to design a residence that perfectly reflects your style and aspirations. Imagine creating your own oasis, tailored to your every wish, right in the lively heart of Uptown Phoenix. Whether your vision is a sleek, modern architectural gem or a timeless, classic farmhouse, this prime location serves as the ideal backdrop to bring your dreams to life. Enjoy the convenience of trendy cafes, gourmet dining, and vibrant nightlife, all just steps from your future doorstep. Please note: Photos are of previous builds.

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41893 N Bonanza Lane San Tan Valley, AZ 85140

$1,690,000

3 Beds

2 Baths

2,230 SqFt

Status Active Under Contract

MLS # 6747014

Property Type Single Family Residence

Price Type --

Discover the ultimate rural retreat on this nearly 5-acre horse property in the Queen Creek Ranchos neighborhood! The main house features 3 bedrooms, 2 bathrooms across 1,780 square feet with a stylish kitchen that includes beautiful granite countertops. A 450 sq. ft. casita offers additional accommodations with 1 bedroom, kitchenette, full bathroom and laundry room. In 2023, a new outdoor space was added with a brand new heated pool and spa surrounded by travertine, a built-in grill under a pergola, and a wood-burning fire pit. The property offers extensive equestrian facilities, including a 13-stall barn, a large riding arena, and a metal hay shed. The property also boasts an equine therapy pool, ideal for horse enthusiasts, along with a 1,080 sq. ft. workshop for versatile use.

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7250 E Paradise Drive Scottsdale, AZ 85260

$1,690,000

5 Beds

3 Baths

3,650 SqFt

Status Active

MLS # 6708996

Property Type Single Family Residence

Price Type --

Welcome to the Cactus Corridor. Single level home, Situated on 1/2 acre lot, 3 car garage, & sparkling play pool, mature landscaping & fruit trees. NO HOA. This home features 5 spacious bedrooms PLUS a dedicated office, perfect for remote work. You're greeted by soaring high ceilings and windows that create an open feel. Multiple living spaces are the ideal setting for family gatherings and entertaining guests. Formal dining. Bright and open kitchen with white cabinets, kitchen island, & granite countertops, Oversized garage provides plenty of room for your vehicles and additional storage. Living room with real fireplace. Oversized primary bedroom with French doors to the backyard. Separate soaking tub and walk in shower, dual sinks and large walk-in closet. For those who love to travel, Scottsdale Airport is just a short drive away, making your getaways and business trips incredibly convenient. Shopping enthusiasts will appreciate the close proximity to Kierland Commons and Scottsdale Quarter, where you can indulge in a variety of dining, shopping, and entertainment options. Don't miss out on the opportunity to own this exceptional Scottsdale property, where luxury meets convenience. Experience all that this magnificent home has to offer!

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35267 N 98th Street Scottsdale, AZ 85262

$1,690,000

3 Beds

3.5 Baths

3,517 SqFt

Status Active Under Contract

MLS # 6731879

Property Type Single Family Residence

Price Type --

Surrounded by the beauty of the Sonoran Desert, in the community of Legend Trail, this home is a true masterpiece, combining perfect size, style, and low maintenance for year-round enjoyment. This extraordinary single-level custom home is positioned on a generous corner lot and offers stunning mountain views and natural desert surroundings. Immaculate pride of ownership radiates through every detail of this residence, with over $175,000 in meticulous updates that elevate its luxurious charm. As you step through the custom iron front door, the grandeur of the home unfolds. The great room seamlessly connects to the gourmet kitchen, creating an inviting space for entertaining. Revel in the warmth of a stone fireplace and accent wall in the great room. The culinary gem of a kitchen boasts high-end GE Monogram appliances, granite countertops, a walk-in pantry, and a spacious island with a prep sink. Recent upgrades, including a new range hood vent and island cabinet doors, showcasing a commitment to modernity and functionality. The floor plan is thoughtfully designed, creating an inviting and practical space for both everyday living and special occasions. The primary suite is a haven of tranquility, with ample natural light, a tray ceiling, and a recently updated ensuite bath featuring double vanities, a soaking tub, and separate shower. The custom-built master closet is illuminated by new lighting, and built-ins provide additional storage solutions. Step into the enchanting backyard oasis, where a sprawling covered patio overlooks a heated pool and spa, a built-in BBQ, and a captivating fire pit. Recent landscaping enhancements, including additional trees and strategically placed gravel with drainage systems, elevate the outdoor experience. Legend Trail is a unique, well established, master-planned community in North Scottsdale, home to world famous resorts and upscale shopping, dining and entertainment experiences. Residents of Legend Trail enjoy resort-style amenities, fitness facilities and classes, golf, tennis and pickleball courts and direct access trails to scenic McDowell Sonoran Preserve.

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2912 S 198th Lane Buckeye, AZ 85326

$1,688,000

4 Beds

4 Baths

5,477 SqFt

Status Active

MLS # 6776797

Property Type Single Family Residence

Price Type --

ELEGANT 5477 SF LIVABLE-8596 SF UNDER ROOF CUSTOM HOME ON 3+ IRRIGATED ACRES WITH SEPERATE LIVING QUARTERS. HUGE SHOP AND COVERED CARPORT GOURMET KITCHEN WITH 48'' WOLF STOVE 4 OVENS AND HUGE BUTLER PANTRY, 4 BEDROOM, 5 CAR/RV GARAGE, CENTER COURTYARD WITH 2X6 EXTERIOR WALLS, NEW DUAL PANE BRONZE INSULATED-LOW E WINDOWS, SOLID WOOD DOORS-KNOTTY ALDER, TYPHOON GOLD GRANITE IN MASTER BATH, FOUR PROPANE FIREPLACES, WOOD SHUTTERS 16' CELILINGS AND TO MUCH MORE TO LIST

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