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

Getting a Mortgage in 2017? 4 Reasons Why It's Time to Start Paying Down Other Debts NowBuying 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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2476 S Pinyon Jay Drive Unit 23 Flagstaff, AZ 86005

$2,598,000
3 Beds
3.5 Baths
3,221 SqFt
Status Active
MLS # 6782904
Property Type Single Family Residence
Price Type --
Home is not yet under construction. List Price includes the following options: 3rd Car Garage, Pocket Door, Patio Extension, Built-in BBQ, Fireplace Surrounding to Ceiling, and Screening Landscape Allowance. The Kaibab plan is mostly single level and keeps owners within reach of the alpine environment around them. Center-sliders in the family room open to a spacious patio with breath taking views of the surrounding Ponderosa Pines. This open three-bedroom floorplan with an additional upper-level family room offers privacy and commune in an unmatched natural setting. Incentives are currently being offered. Please reach out to the Pine Canyon Sales Office for more information.

3630 E Coconino Court Phoenix, AZ 85044

$2,595,000
6 Beds
7 Baths
5,883 SqFt
Status Active
MLS # 6766692
Property Type Single Family Residence
Price Type --
Stunning One-Acre Lot in a Cul-de-Sac with Spectacular Views! This estate seamlessly backs to the preserve, offering amazing views and privacy, perfect for enjoying the incredible sunsets of Ahwatukee. The desirable floor plan boasts six bedrooms, seven bathrooms, and 5,883 sqft of living space. The sweeping staircase leads to a private master suite with exclusive balconies. Plus, there's a rooftop deck perfect for evening relaxation, offering breathtaking views of your private mountainside estate. Don't miss the gate behind the water slide that provides access to hiking on your own hillside! This resort-style backyard is a true oasis, featuring a sparkling 11-foot diving pool, a spa, a sports court, and a built-in Wolf BBQ. Enjoy... the extended covered patio, synthetic turf, pond, and play area. This luxurious estate in Ahwatukee Custom spans 6,000 square feet and showcases a beautifully remodeled, inviting open floor plan, even earning recognition in Phoenix Home and Garden!

8836 N 47th Place Phoenix, AZ 85028

$2,595,000
6 Beds
4 Baths
4,210 SqFt
Status Active
MLS # 6779254
Property Type Single Family Residence
Price Type --
Enjoy tranquil resort style living in this sophisticated contemporary home. Nestled in the gated enclave of Doubletree Canyon with mountain view backdrop, this classic Ranch style abode is geared to entertaining with open air living and a guest quarter wing. The interior offerings are timeless; maple hardwood flooring, designer lighting, custom wine cabinetry, and French doors that open onto spectacular views of the tiered desert oasis created in the backyard. Designed by Berghoff, and completely remodeled with a $400K value, the front and backyard are a desert masterpiece. With beautiful pergolas, expansive covered patio with automatic sunshades, exquisite sculptures and built in Viking grill, patio and bar this backyard is reflective of a fine resort.

6420 E Cholla Street Scottsdale, AZ 85254

$2,595,000
4 Beds
2.5 Baths
2,514 SqFt
Status Active
MLS # 6770117
Property Type Single Family Residence
Price Type --
Welcome to Cholla compound with a modern home that seamlessly blends luxury and leisure, featuring an open-concept design with large windows that flood the interior with natural light. The centerpiece is a sleek living area with vaulted ceilings that flows into a gourmet kitchen, equipped with high-end appliances and stylish finishes. Natural wide plank flooring throughout. Step outside to discover an expansive outdoor space, complete with a shimmering swimming pool and a relaxing spa, perfect for unwinding. Adjacent to the pool, a private pickleball court offers a fun way to stay active. Natural grass, turf combined with pavers make for a finished look. Multiple gates provide access for rv and other toy storage. The property also includes a separate garage equipped with HVAC, ensuring comfort year-round and ample storage for vehicles and recreational gear. This home truly embodies the ideal blend of contemporary living and recreational amenities. Could be converted to a guest casita. This modern home boasts an inviting outdoor space enhanced by a stylish pergola, perfect for outdoor dining and relaxation. The expansive area is designed for both leisure and entertainment, complementing the swimming pool spa and outside shower beautifully. Inside, a spacious laundry and mudroom adds convenience, featuring ample storage and functional design to keep the home organized. This seamless blend of indoor and outdoor living, combined with thoughtful amenities, creates an ideal environment for modern lifestyle. Please see attached documents with added amenity details.

10040 E Happy Valley Road Unit 340 Scottsdale, AZ 85255

$2,595,000
3 Beds
3 Baths
4,031 SqFt
Status Active Under Contract
MLS # 6652340
Property Type Single Family Residence
Price Type --
IMMEDIATE GOLF MEMBERSHIP AT CLOSE OF ESCROW! Charming southwest contemporary home situated on a private lot in the world renowned Desert Highlands. Light and bright throughout with large expanses of glass bringing the outside in. Formal living room with fireplace, wet bar and wall of sliding glass doors. Formal dining surrounded by a wall of windows and open space, adjacent built-in buffet. Gourmet kitchen with top of the line stainless steel appliances and Snaidero cabinets and granite counters. Spacious primary suite with office and sitting area. 2 guest bedrooms include bedroom + adjacent sitting rooms. Grand backyard with outdoor living room, el fresco dining space, gas firepit, heated Pebble-Tec pool and spa and outdoor cooking station with built-In BBQ, viewing deck. Designated a top 'Platinum Club of America'' golf club, Desert Highlands amenities include a Jack Nicklaus championship golf course, 18-hole putting course, award winning clubhouse featuring ''Jacks'' gastropub, state of the art fitness center, Highlands Racquet Club featuring grass, clay & pickleball courts,& more. A $150,000 membership fee is due from buyer at close of escrow

5434 E Lincoln Drive Unit 35 Paradise Valley, AZ 85253

$2,595,000
2 Beds
2.5 Baths
2,881 SqFt
Status Active Under Contract
MLS # 6707840
Property Type Single Family Residence
Price Type --
Welcome home to the prestigious guard-gated community of Colonia Miramonte. This charming residence features 2 bedrooms, 2.5 baths, and a spacious office, all meticulously maintained and upgraded by the current owner. Nestled next to the JW Marriott Camelback Inn, this move-in-ready home offers exclusive resort-style living in the heart of Paradise Valley. As a resident, you'll enjoy a host of luxurious benefits, including discounts at the resort's acclaimed restaurants and the convenience of room service delivered directly to your door. Experience the perfect blend of comfort, elegance, and convenience in this beautiful home. Don't miss the opportunity to explore this listing in Colonia Miramonte. Come and see for yourself what makes this community so exceptional.

5101 N Casa Blanca Drive Unit 235 Paradise Valley, AZ 85253

$2,595,000
3 Beds
2.5 Baths
2,130 SqFt
Status Active
MLS # 6754435
Property Type Townhouse
Price Type --
In the exclusive enclave of Casa Blanca stands a truly exceptional residence unlike any other! This single-level home underwent a comprehensive transformation, where it was taken down to its shell and meticulously redesigned. Now boasting an exquisite great room that seamlessly flows onto a patio with views of Camelback Mountain, this home is a testament to luxury living. The attention to detail is unparalleled, featuring gorgeous finishes such as limestone flooring, elegant steel doors and windows and an incredible primary closet. Salvaged antique doors from a historic Masonic temple, sleek black-lacquered doors and trim, and sterling silver door hardware further enhance the allure of this special home.

41915 N 111th Place Scottsdale, AZ 85262

$2,595,000
4 Beds
3.5 Baths
4,579 SqFt
Status Active
MLS # 6710926
Property Type Single Family Residence
Price Type --
This stunning contemporary home, inspired by Frank Lloyd Wright, features a great room plan with seamless indoor/outdoor living and breathtaking views of the McDowell Mountains, Pinnacle Peak, sunsets, and city lights. The expansive outdoor area boasts a large covered patio, perfect for entertaining or relaxing by the lap pool. Inside, you'll find top-of-the-line kitchen appliances, hardwood and travertine floors, vaulted ceilings in the living room, a home office, his and her closets in the master bedroom, and ample storage throughout the home and garage. Some furniture available by separate agreement. Fenced backyard is perfect for pets. Owner has a Lifestyle Membership.

12832 E Sorrel Lane Scottsdale, AZ 85259

$2,595,000 - 4Br/6Ba -  for Sale in Los Diamantes, Scottsdale
Open House
$2,595,000
4 Beds
5.5 Baths
5,655 SqFt
Status Active
MLS # 6695884
Property Type Single Family Residence
Price Type --
The Diamond House. Expansive McDowell Mountain views. Remodeled in 2020 this well cared for resort home sits on a large lot, in the exclusive gated community of Los Diamantes. Chef's kitchen with 6-burner Thermador cooktop, center island and walk-in pantry. Great room, formal dining and dedicated office. Bonus game room with wet bar and stunning glass wine display. Primary suite with sitting area, spa bath and walk-in closet. Sport court, covered patio and built-in outdoor BBQ. This home was designed for entertaining. Pebble-Tec pool and spa, firepit, putting green and multiple sitting areas. Mature trees, citrus, and lush vegetation. Community tennis and playground. Close to hiking/biking trails, golfing, MAYO, Honor Health, BASIS, and top-rated Scottsdale schools. Contemporary AZ Living

6500 E Camelback Road Unit 1010 Scottsdale, AZ 85251

$2,590,000
3 Beds
3.5 Baths
2,971 SqFt
Status Active
MLS # 6787157
Property Type Townhouse
Price Type --
Welcome to The Luxian Villas on Camelback, an exclusive gated community of 14 luxury townhomes in the heart of Scottsdale, AZ. Built in 2020 by Todd Simmons, these residences blend modern design with the natural beauty of its surroundings. Positioned on the 3rd hole of The Phoenician Resort Golf Course, residents enjoy breathtaking views of Camelback Mountain and lush golf course fairways. Steps from Scottsdale Fashion Square, trendy restaurants, Old Town entertainment, and the Scottsdale Baseball Stadium, this home offers unmatched convenience and style. Step inside this exceptional property, where an open floor plan with corner sliding glass doors seamlessly connects indoor and outdoor living. The backyard oasis, overlooking the golf course and iconic Camelback Mountain, sets the stage for unforgettable moments. Entertain in style with a custom bar, while creating fine cuisine in your gourmet kitchen featuring top-of-the-line Wolf and Sub-Zero appliances. This thoughtfully designed 3-bedroom home includes a versatile flex space perfect for an office or exercise room, 3 luxurious ensuite bathrooms, and a convenient half bath. Additional highlights include wide-plank oak hardwood flooring, motorized window shades, upgraded air filtration system, RO & water softener and a state-of-the-art mesh WiFi network. The EV-ready 2-car garage, equipped with 240V power, ensures your home is as functional as it is beautiful. Residents in this prestigious community enjoy on-site amenties with a pool, heated spa, BBQ and cozy fireplace while basking in the sun and taking in the Camelback Mountain view.

2980 E Boot Track Trail Gilbert, AZ 85296

$2,590,000
6 Beds
5 Baths
5,728 SqFt
Status Active
MLS # 6761387
Property Type Single Family Residence
Price Type --
Morrison Ranch Gem in the heart of Gilbert AZ!!! This home showcases unrivaled options, with custom upgrades and meticulous trim finishes throughout. The light and bright interior flows seamlessly into a wide open floorplan, perfect for modern living and entertaining. The gourmet kitchen is a chef's dream, featuring an abundance of cabinetry, a massive waterfall-edge island, and high-end stainless steel and cabinet-faced appliances. Entertainment options abound with a dedicated theatre and gaming room, while the fully enclosed metal and glass workout room provides a sleek, private space for fitness. The oversized master bedroom is an elegant retreat, opening to a large overlook patio with stunning views of the resort-style backyard. The master bathroom offers expansive elbow room and luxury finishes, and the master closet boasts a plethora of storage, designed for maximum convenience and style. This home is a true masterpiece with over $1.2 million in upgrades and additions, making it a must-see for those seeking the pinnacle of luxury living in Gilbert. There are far too many features to list, lock in your private look today!

1 Sky Ridge Court Sedona, AZ 86336

$2,589,000
4 Beds
5 Baths
2,995 SqFt
Status Active
MLS # 6595623
Property Type Single Family Residence
Price Type --
Spectacular to be built custom home in Sky Ridge Estates, Sedona's newest subdivision in the heart of Sedona. Beautiful panoramic view hilltop lot on the ridge with North/East/South facing panoramic views. Four en-suite masters. Short walk to the new town square, city park and museums, Tlaquepaque, high-end shopping and dining, Los Abrigados Spa resort, restaurants, gym, lit tennis courts, and Oak Creek front park available for membership. Presently in design(rendering and floor plans only) stage to break ground after completion of roads and utilities currently underway ). Guest houses may be able to be added. Very quiet and secluded, yet in the heart of Sedona, with a 10 walkability score. Below Market Pricing: Secure your slice of paradise with lots starting at just $329,000(half-off 8/23 appraisal of 495,000- 695,000 as improved (when road and utilities are completed) Build Your Dream: Opt for our innovative rustic contemporary, metal, and ceiling-to-floor glass eco-friendly landscape homes, designed for efficiency and elegance. Cantilevered on pillars vs old style expensive cut and fill pad or retaining wall, See renderings under the photo tab. Unparalleled Views, Privacy, very quiet & secluded: 19 Exclusive Lots: Each lot, ranging from half to three-quarters of an acre, offers breathtaking panoramic views along a serene ridge down and through a hidden canyon. Investment & Lifestyle Flexibility: Luxury Living Redefined: Sky Ridge Estates isn't just a place to live; it's a lifestyle. This 5-star resort community offers: *Private Club & Fine Dining (room service): Experience culinary delights without leaving the comfort of your community. *Wellness & Leisure: State-of-the-art anti-aging spa, fully-equipped gym, yoga studio, indoor climate-controlled pickleball court, and a golf simulator. *Concierge & Transport: Enjoy the convenience of concierge services, a Mercedes limo van for all your travel needs, and 24-hour security guard and cameras. *Resort-Style Property Management: Travel a lot? 2nd Home? On-site property management is available. *Infrastructure is underway, and roads and utilities are being installed. The clubhouse and gate are pending approval. Collaborate with our top architect and builder to bring your vision to life. Contact us for more details on this unique opportunity. Look under photos and website for home renderings and drone footage of each lot. Don't miss out on this chance to invest in a lifestyle of luxury and tranquility at Sky Ridge Estates. Recent Sold Comps; 920 N Palisades,.73 ac,COE 10/23 for 525,000 3 Sky Ridge Ct.,.63 ac,COE 1/24 for 500,000

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