Renting or Buying… Either Way You’re Paying a Mortgage

Renting or Buying… Either Way You’re Paying a Mortgage | Simplifying The Market

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained this month in their article, “12 Practical Steps to Getting Rich”:

While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.23% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.  Give me a call for a no-cost, no-obligation consultation about learning the process of buying your own home – J.P. Cook – 602-320-4253.

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906 N Blazing Star Circle Payson, AZ 85541

$1,389,999
3 Beds
3.5 Baths
2,816 SqFt
Status Active Under Contract
MLS # 6784130
Property Type Single Family Residence
Price Type --
UNDER CONSTRUCTION...Come enjoy luxurious living in Chaparral Pines Golf Club, the prime gated development in Payson. Single-story living offers practical elegance in this classic 3-bedroom, 3.5-bathroom home. Enjoy spectacular mountain views. Step from the welcome mat into an interior embrace that includes hardwood flooring throughout most of the home, an open layout, neutral decor, and two fireplaces (living room and primary bedroom). The kitchen is bright with premium appliances, beautiful countertops, and ample pantry space. The kitchen opens seamlessly into the dining area and Great room. The calm primary bedroom includes a walk-in closet and a private bath with a tub and walk-in shower. The other two bedrooms are ensuite and ready to reflect your good taste in decor.

1108 N Indian Paintbrush Circle Payson, AZ 85541

$1,389,500
4 Beds
4 Baths
4,302 SqFt
Status Active
MLS # 6668344
Property Type Single Family Residence
Price Type --
Luxury log cabin mountain home. Situated inside the gates of Chaparral Pines Golf Club. A nearly 3/4-acre corner lot with its own private gate leading to the national forest. The unbelievable floor to ceiling stone fireplace is a centerpiece of this 4-bed, 4-bath, Alpine log home featuring a hickory-wood floor and a gourmet kitchen. The separate 2-bedroom guest quarters with a living room and a kitchenette allows family and friends to have their own space while visiting. The expansive back deck provides a relaxing sitting area to view all the visiting wildlife from the forest.

8224 E Angel Spirit Drive Scottsdale, AZ 85255

$1,389,000 - 3Br/2Ba -  for Sale in Grayhawk Parcel 3b, Scottsdale
Open House
$1,389,000
3 Beds
2 Baths
2,306 SqFt
Status Active
MLS # 6745115
Property Type Single Family Residence
Price Type --
Step into a world of luxury with this sensationally remodeled home in the exclusive guard-gated Grayhawk community, where modern elegance meets timeless style. The moment you walk in, you'll be captivated by the rich wood plank laminate flooring that flows seamlessly throughout the space, setting the stage for what's to come. The heart of the home, the kitchen, is a masterpiece of design. Imagine creamy cabinetry that stretches all the way to the ceiling, adorned with the latest slimmer stile and rail, paired with chic contemporary hardware. The large quartz-topped island, with its contrasting base cabinetry, comfortably seats four—perfect for casual dining or entertaining. A large custom range hood crowns the space, complementing the striking contemporary backsplash, while brand-new stainless appliances, including a gourmet gas cooktop, complete this chef's dream. The great room is a showstopper, featuring a ceiling-height stacked stone accent wall that surrounds a sleek new linear fireplace. Built-in display shelving, designed to coordinate with the kitchen's features, adds both functionality and flair. Retreat to the primary bedroom suite, where luxury abounds. It boasts not one, but two walk-in closets, a huge tiled walk-in glass shower, and an extensive quartz vanity with dual sinks, flanked by linen cabinets. Every detail is designed for comfort and style. The guest bathroom makes a statement with its dramatic darker tile and quartz countertops, while the third bedroom, with double doors and a walk-in closet, offers versatility for any need. The laundry room is a dream, complete with a window, sink, and a generous walk-in pantry. Even the two-car garage is exceptional, featuring an epoxy floor and ample storage cabinets. Step outside to the backyard, and you'll find your private oasis with a recently remodeled spool, an elevated seating area, a covered patio, and lush landscaping that invites relaxation. Living in this Talon Retreat home with guard-gated entry is like being on a permanent vacation with access to community amenities such as a pool and spa, grassy play area for children and pets, tennis courts, walking trails, and the breathtaking McDowell Mountain setting. Plus, you're just steps away from two world-class Grayhawk golf courses. This is more than a home; it's a lifestyle.

16488 W Windsor Avenue Goodyear, AZ 85395

$1,385,000
3 Beds
3.5 Baths
2,974 SqFt
Status Active
MLS # 6771582
Property Type Single Family Residence
Price Type --
Killer Location. Arguably THE BEST LOT in PebbleCreek w TONS OF UPGRADES & DETAILS. Lake View, Mountain View, Golf Course view w/out cart path or golf balls. Oversized lot, Casita w kitchenette & courtyard water feature, Granite Kitchen countertops, Marble bathrooms, GE Monogram appliances, built in speakers, mini split in Laundry room, laundry sink, Owned solar TILES & lease on additional panels. Generac back up generator powers entire home. Air filtration & variable speed system built into the HVAC. Automatic fertilizing irrigation system, plantation shutters & crown molding throughout, 12 ft coffered ceilings, Patio w Travertine, built in BBQ w bar seating, Fire place, mister system, 3 car garage w bump out, service door to side trash can area, storage cabinets, ceiling racks & sink.. Instant Hot water, 4 ft garage extension, soft water loop, custom cabinets in kitchen bathrooms & laundry room, jetted tub & walk in shower in master bath, Elongated comfort height toilets, Custom front door, steelhouse garage doors w windows, pigeon patrol wiring, ceiling fans & window treatments, drop lighting in kitchen, sliding doors off of Kitchen, Office Den & back patio, added insulation, Ring door bell, Nest thermostats, Extended solar inverter warranty, New irrigation lines, built in dining room cabinets & hutch, garage door keypad, utility sink in garage, additional outlets installed, entertainment center w fire place, under cabinet lighting in Kitchen, security system, back splash, tons of cabinets & counter space in large laundry room, landscape lighting, outdoor spotlight for artwork, exterior repainted in 2021 & so much more... This is the dream home that has it all.

22426 N 30th Street Phoenix, AZ 85050

$1,385,000
3 Beds
3.5 Baths
2,875 SqFt
Status Active
MLS # 6783351
Property Type Single Family Residence
Price Type --
This exquisite, newer home in the exclusive gated community of Asterea offers luxurious living with all the modern comforts you could ever wish for. Step inside and enjoy the beauty of wood-look tile flooring throughout, providing both elegance and durability. The chef's kitchen is a showstopper, featuring a massive waterfall island, double ovens, and a generous walk-in pantry — perfect for preparing gourmet meals and entertaining guests. Each of the three spacious bedrooms boasts its own private ensuite, ensuring ultimate comfort and convenience for everyone. A stylish powder room adds to the home's thoughtful design. The open-concept great room is ideal for relaxing or entertaining, with custom built-ins that enhance the space, plus a unique bookcase/Murphy bed combo in the large den/office, offering flexibility for your lifestyle needs. The entire home is fitted with plantation shutters, creating a bright and airy atmosphere while adding an elegant touch. Outside, the custom-designed backyard is a private oasis, featuring a heated pool with a Baja shelf and water feature, along with a pergola and raised firepit  perfect for cozy evenings or hosting friends and family. Living in Sky Crossing offers more than just a beautiful home; it's a lifestyle. The community amenities include a resort-style center with pools, a state-of-the-art fitness facility, and fun-filled play areas. Top-rated schools are nearby, and with easy access to the freeway, you're just moments away from all the best shopping, dining, and entertainment. This home is the ultimate in comfort, style, and convenience  don't miss your chance to make it yours!

11474 E Aster Drive Scottsdale, AZ 85259

$1,385,000
4 Beds
3.5 Baths
3,100 SqFt
Status Active
MLS # 6755999
Property Type Single Family Residence
Price Type --
This beautiful single-level home in the Ancala Country Club community offers unobstructed mountain views and a tranquil setting. With 4 bedrooms, 3.5 baths, and soaring ceilings, the home features a thoughtful split floor plan perfect for comfortable living and entertaining. The spacious eat-in kitchen flows seamlessly into the family room, creating a welcoming space for gatherings. The primary suite boasts generous closet space and opens directly to a backyard oasis with a sparkling pool, waterfall, heated spa, outdoor kitchen, gas grill, and cozy seating by the fireplace. Residents can also enjoy optional country club living with golf, dining, and more. Set on a premium lot, this well-maintained home is ready for you to make it your own.

6020 E Shea Boulevard Scottsdale, AZ 85254

$1,385,000
4 Beds
2 Baths
2,031 SqFt
Status Active
MLS # 6725529
Property Type Single Family Residence
Price Type --
Great opportunity in Scottsdale's Magic Zip Code of 85254 to own nearly an acre lot of horse property with established pool home waiting for your vision! This well developed property includes 4 bedrooms/2 baths in a split set up and a large inviting pool oasis. Opportunities abound! For instance, remodel this home to become your dream home with plenty of room to expand or build anew. Car enthusiasts will appreciate the 1200+ SF workshop with double garage doors and a carport for outdoor work or RV enthusiasts can utilize the garage to park their RV. Garage comes complete with office and bathroom. Or, repurpose the workshop into an air conditioned horse barn. Cater to your horses or horse lovers in the area for premier boarding! It would also make a great Air BNB opportunity? Repurpose this home into an amazing retreat for those seeking an escape to Scottsdale. The property would also make for an excellent group home locagtion. So many possibiliies with the land and location. Come see what opportunities might work for you!

3002 E Hanging Rock -- Payson, AZ 85541

$1,380,000
3 Beds
4 Baths
5,069 SqFt
Status Active
MLS # 6712092
Property Type Single Family Residence
Price Type --
MOUNTAIN VIEWS THAT TAKE YOUR BREATHAWAY! Welcome to this warm and spacious home located in the Rim Golf Club. Providing main level living with a spacious kitchen, and dining area that highlights the breathtaking views of the Granite Dells Mountain Range. Beautiful dual fireplace with stone and copper accents that provides a gentle feel of separation to the spacious den with access to a perfect deck to be enjoyed. A separate expansive covered/uncovered deck faces the majestic Mogollon Rim absolutely ideal for entertaining and enjoying the four seasons. The main suite provides dual closets with built-ins, a hidden cedar closet, dual sinks, walk-in shower and deck access. Enjoy your own patio located off of the home office and laundry area. Lower-level living boasts family room with covered deck access perfectly designed for privacy and a superb view. Split floor plan provides one guest suite with deck access an additional full bath and an additional guest room. You will also be delighted with a tucked away space that is perfect for a home gym, home theatre or hobby room. Do not miss the bonus storage area perfect for decorations. Come see this perfectly situated home today!

35245 S Turtle Creek Road Wickenburg, AZ 85390

$1,379,000
3 Beds
2 Baths
2,462 SqFt
Status Active
MLS # 6749049
Property Type Single Family Residence
Price Type --
Looking for Privacy & Solitude? This CUSTOM RANCH HOME ON 10 ACRES will be your choice *2,462 Sq Ft./ 3 Bed/ Den/ 2 Bath* Massive Vaulted, Wood & Beam Ceilings*NEWLY REMODELED! NEW ROOF! PRIVATE WELL! * New FLOORING+GRANITE COUNTERTOPS+ LANDSCAPING+RANCH SIZED GOURMET KITCHEN+LONG BAR+WHISKEY/WINE NICHE+LARGE GATHERING ROOM+FIREPLACE+ANDERSON WINDOWS+STAINLESS STEEL APPLIANCES+WINE FRIDGE+RUSTIC BEAMS+TILED WALK-IN SHOWERS+10 ACRES+Adjacent to thousands of ACRES of STATE LAND! ELEVATED & USEABLE w/ DIRECT ACCESS TO STATE LAND+HORSES & ATV'S+ROOM FOR THE INLAWS, OUTLAWS & MOTHER-IN-LAWS! EXTENDED COVERED PATIO+HEATED/COOLED SWIM SPA+HAY BARN+4 HORSE STALLS+MISTERS+TURN OUT+LARGE SHOP+2, 50-amp Full-service RV HOOKUPS+HITCHING POSTS+TRAILS FOR MILES+2 GATES TO ACCESS STATE LAND

19360 N 73rd Street Scottsdale, AZ 85255

$1,377,000
3 Beds
3.5 Baths
2,247 SqFt
Status Active
MLS # 6772670
Property Type Apartment
Price Type --
Belgravia Group presents Atavia, a private gated community of 88 luxury condominiums coming soon to North Scottsdale. Atavia blends the breathability of single-family living with the carefree convenience of condominium ownership. Designed by award-winning international architecture firm KTGY, with a clubhouse inspired by Frank Lloyd Wright's iconic Taliesin West. Atavia is perfectly situated at the Loop 101 and Scottsdale Rd within the One Scottsdale masterplan development. Each residence features a private entry with 2 car garage, Italian kitchen cabinetry, Sub-Zero and Wolf appliances, 1 ¼'' quartz counters, and wood floors throughout main living areas. Residence C offers a guest suite or 4th bedroom option on level 1. Upstairs enjoy an open living area and spacious outdoor terrace.

6816 N 177th Place Waddell, AZ 85355

$1,375,000
6 Beds
4.5 Baths
3,587 SqFt
Status Active
MLS # 6735754
Property Type Single Family Residence
Price Type --
Brand new home on an oversized lot! NO HOA. This home is situated on just over an acre and includes flood irrigation for the backyard. The home has an attached Casita off the front with its own exterior access and creates the perfect spot to work from home or host guests and loved ones. The backyard is fully fenced with block walls and ready for your dream backyard! Other homes for sale on the same street as well. You do not want to miss this!

2449 E Southwood Road San Tan Valley, AZ 85140

$1,375,000
5 Beds
3 Baths
3,228 SqFt
Status Active
MLS # 6730008
Property Type Single Family Residence
Price Type --
This country home w/ a white picket fence, wrap-around porch & on 3.3 FLOOD IRRIGATED ACRES is a classic vision of rural life. Complete horse training facility offering; 18 horse stalls w/ auto waterers & fans. The huge arena is a rare find; 200' x 300', LED lights & excellent footing. It has a convenient cattle alleyway to easily load cattle into the roping chute. More features; hay barn, silo, large wash rack w/ dry well for drainage, 2 turnouts w/ shades, cattle pens & 4 RV hookups. The detached garage / workshop offers two roll-up doors, space for a tack room, feed or tractors. The home features five true bedrooms, including two owner suites—one on each level. The upstairs master suite includes a jetted tub, walk-in shower & two walk-in closets. **Click 'More' tab** The Great Room is highlighted by a beautiful stone fireplace. The kitchen features white cabinets, granite countertops, breakfast bar island & stainless steel appliances. Huge laundry room w/ cabinets & a mudroom, a desirable feature for the outdoor lifestyle. Countless hours have been spent in this arena & barn dedicated to rigorous training and practice. Both horses and their riders transformed into champions, achieving remarkable success in competitions. Now, it's your turn to take ownership of this home and utilize this exceptional arena and facility to shape the next generation of champions.

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