Whether You Rent or Buy, Either Way You’re Paying a Mortgage!

Whether You Rent or Buy, 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, however, 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 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 as opposed to 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 building 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 4.22% 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 to get started – J.P. Cook – 602-320-4253.

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12067 N 135th Way Scottsdale, AZ 85259

$2,000,000
4 Beds
4 Baths
4,459 SqFt
Status Active
MLS # 6764085
Property Type Single Family Residence
Price Type --
Nestled in the intimate gated community of Villa Montavo in North Scottsdale, this meticulously upgraded home offers unobstructed McDowell Mountain views, private courtyard entry, stone exterior accents, an oversized 3-car garage with excess storage & more! The open-concept, split floor plan is enhanced with multiple fireplaces, soaring ceilings, 4 large bedrooms with walk-in closets, an office with double-door entry, & abundant natural light. The newly renovated chef's kitchen is equipped with brand-new stainless steel appliances, waterfall Taj Mahal granite countertops, custom crown-molded cabinetry, breakfast nook & open concept entertaining. The split primary suite offers utmost privacy, a large sitting area, fireplace & exterior patio access. Step outside to a beautifully designed -- outdoor living area, complete with an expansive covered patio, outdoor kitchen, heated pool + spa, & access to your finished view deck with endless views of the McDowell Mountains. Located minutes from world renowned hiking trails, award winning schools, fine dining, Mayo Clinic & only 20 minutes to Sky Harbor Airport - this property won't disappoint!

2355 W Shinnecock Court Phoenix, AZ 85086

$2,000,000
5 Beds
4.5 Baths
4,561 SqFt
Status Active
MLS # 6765272
Property Type Single Family Residence
Price Type --
Nestled on the most coveted lot within Anthem Golf & Country Club, 2355 W Shinnecock Ct offers an extraordinary opportunity to own a piece of paradise. This property stands alone in its unmatched privacy, surrounded by breathtaking views and serene natural beauty. It's more than just a home; it's a rare and exclusive offering for those who appreciate the finer things in life. Whether you've admired it from afar or are seeing it for the first time, this is a once-in-a-lifetime chance to experience the pinnacle of luxury living in Anthem. Don't let this gem slip away! Equiped with two new HVAC units, paid Solar which also heats your pool. Massive savings over gas pool heater.

12119 E Wethersfield Drive Scottsdale, AZ 85259

$2,000,000
4 Beds
4.5 Baths
3,637 SqFt
Status Active
MLS # 6771525
Property Type Single Family Residence
Price Type --
This stunning home in the exclusive guard gated Ancala community is luxurious living at the base of the McDowell Mountains. Updated landscape on a private and large lot offers a wonderful space for entertaining. Inside, this Hacienda style floor plan includes a chef's kitchen equipped with a Wolf cooktop, Sub Zero fridge, Bosch dishwasher, and warming drawer. A 2-way fireplace enhances both the formal dining room and den. All four bedrooms are ensuite, ensuring privacy and comfort for all. The spacious primary suite boasts a fireplace connecting to the adjacent seating area, newer Anderson windows and French doors that open to the patio, complimented by a remodeled bath featuring an Aquatic Whirlpool jetted tub and custom His and Hers closets. Nothing compares, so come take a look today! Step outside to discover an entertainer's paradise, highlighted by a large saltwater pool and spa ideal for relaxation and enjoyment. The backyard and updated courtyard showcase 25 tons of crushed granite for a stylish, low-maintenance landscape. A BBQ area with a sink facilitates effortless outdoor cooking and gatherings. Tangelo and lemon trees add vibrant color and fragrance to this desert oasis.

4509 S Banning Drive Gilbert, AZ 85297

$2,000,000
5 Beds
4.5 Baths
5,283 SqFt
Status Active
MLS # 6774609
Property Type Single Family Residence
Price Type --
Step into your dream home in the prestigious gated community of Weston Ranch—featuring a home of the perfect blend of luxury and modern upgrades with a seamless indoor-outdoor lifestyle. This home features a Mediterranean-inspired courtyard, setting a resort-like tone from the moment you enter. Perfect for entertaining, the expansive living spaces flow effortlessly, highlighted by an upgraded gourmet kitchen with high-end appliances and a large island, ice machine, and coffee and beverage bar ideal for hosting gatherings. A teen or flex space creates an inviting atmosphere and opens to the courtyard. A separate guest house provides privacy and flexibility for visitors or extended family. The den is naturally lit for perfect inspiration of working at home or starting your next business venture. Enjoy Arizona outdoor living with a travertine-surrounded pool, cabana with an outdoor kitchen, gas fireplace, and easy-care desert landscaping and new artificial turf. Take a stroll on the peaceful walking path or if pickle ball is your game, there is plenty of space to add a court on the property. If you are looking for a home with style, sophistication and a peaceful retreat with ample storage and a 4 car garage, you've found your home and it's located in one of Gilbert's most exclusive communities.

11324 E Mariposa Grande Drive Scottsdale, AZ 85255

$2,000,000
4 Beds
3.5 Baths
3,676 SqFt
Status Active
MLS # 6774753
Property Type Single Family Residence
Price Type --
This stunning property in a gated Troon community is situated on a north-south lot w/surrounding views of Troon Mtn & the McDowells. The perfect blend of natural beauty and southwestern charm, the home features a large living room w/soaring ceilings & 2-way fireplace as well as a cozy family room w/walkup bar & fireplace. The updated kitchen includes a large center island, gourmet stainless steel appliances, fireplace & breakfast nook. A formal dining room located off the kitchen is perfect for entertaining! The primary suite offers a 2-way fireplace and separate sitting area. The upstairs office opens onto a private balcony, offering lofty mountain views. Outdoor amenities capture the essence of Arizona living with pool, patios and mountain views.

2402 E Esplanade Lane Unit 602 Phoenix, AZ 85016

$2,000,000
2 Beds
3 Baths
3,542 SqFt
Status Active
MLS # 6652382
Property Type Apartment
Price Type --
Urban hi-rise living at its best! This updated spacious condo sits on the 6th floor w/ impressive views of Downtown city lights, spectacular sunsets & mountain vistas. The circular wall of glass (w/ motor shades) creates a dramatic light-filled space. Interior finishes include hardwood & stone floors, sleek cabinets, designer lighting & beautiful tilework. The split floorplan offers a spacious secondary bedroom suite, a very large & sophisticated second primary closet & a family room designed for gracious entertaining or view-soaked relaxation. The full-service building provides valet parking, concierge services, a stunning rooftop pool & spa, an impressive gym, a gorgeous club room & EV charging stations. Walking distance to Biltmore shopping and eateries and easy access to Downtown Phx

4601 E Desert Cove Avenue Phoenix, AZ 85028

$2,000,000
4 Beds
2.5 Baths
2,916 SqFt
Status Active
MLS # 6689750
Property Type Single Family Residence
Price Type --
SUPER RARE OPPORTUNITY! 5 SEPARATE GARAGES ON THE PROPERTY TOTALING 6168 sq. ft of garages. 3 garages are air conditioned & one comes with 2 lifts. There are 20 total garage spaces for this one-of-a-kind property. Can easily transform the 1620 sq. ft. garage into an awesome guest house.Multiple RV gates & RV Covered Parking. NO HOA. Owned Solar. 3 Horse stalls. 1.1 ACRES that is in one of the single best neighborhoods in all of Phoenix. Morningside Plus is an outstanding community that regularly has events with the neighbors.The walkability score is 11 out of 10 with Trader Joe's, Fry's Signature Store, Ohso, Starbucks & so much more right down the street. Conveniently located minutes from the 51 freeway, PV Mall Reinvention area & Trail 100 for amazing hiking. FAMILY COMPOUND POSSIBILITY

6803 E Main Street Unit 3317 Scottsdale, AZ 85251

$2,000,000
2 Beds
2.5 Baths
1,497 SqFt
Status Active
MLS # 6697911
Property Type Apartment
Price Type --
Exclusive Living: Fully-Upgraded Condo Steps from Old Town Scottsdale's Charms. Welcome to sophistication at The Mark, where luxury meets convenience in the heart of vibrant Old Town Scottsdale. This stunning, fully remodeled 1,497-square-foot condominium offers an unrivaled blend of opulence and comfort, showcasing breathtaking views of Camelback Mountain, ensuring every sunset is a masterpiece to behold. Every detail of this two-bedroom, two-and-a-half-bathroom condo was meticulously designed for your peace of mind. The most upgraded unit at The Mark, it features a chef-grade kitchen and an open-floor plan that provides the perfect space for entertaining and leaving your guests in awe. Custom lighting and cabinetry embellish the condo throughout, enhancing the modern architectural style. With Old Town just a stroll away, you're promised a life where the vibrant energy of galleries, shopping, and world-class dining is an everyday indulgence. The primary bathroom is a sanctuary, boasting leathered Brazilian quartzite that extends to the closets. The living room is a marvel with its marble tile feature wall, complete with custom hidden LEDs that cascade light down the wall. The convenience of a Savant smart home system adds a layer of modern functionality and ease. Outdoors, the 550 square-foot balcony offers private serenity and communal amenities, including a heated rooftop pool and spa, not to mention a rooftop kitchen perfect for al fresco dining against the city lights. Two secure underground parking spots add to the suite of conveniences. This property is not just a home; it's a lifestyle promise. Fully furnished with pieces from renowned designers like Restoration Hardware and Arhaus, you can immerse yourself immediately into luxury. The Mark provides unparalleled services, including a seven-day concierge and an on-site superintendent, complemented by a rich array of communal amenities including a heated rooftop pool and outdoor kitchen, athletic center and business conference room. Embrace this chance to own the pinnacle of Scottsdale luxury  a residence where every day feels like a five-star experience.

11350 E Desert Troon Lane Scottsdale, AZ 85255

$2,000,000
5 Beds
5 Baths
4,254 SqFt
Status Active Under Contract
MLS # 6698574
Property Type Single Family Residence
Price Type --
Located within the prestigious guard-gated community of Boulder Pass in Troon Village, this magnificent 5-bedroom, 5-bathroom home spans over 4,200 square feet of luxury living space, boasting views of Troon Mountain. Step into your backyard oasis, where every detail has been crafted to create the ultimate retreat. Lounge by the sparkling heated pool or unwind in the elevated spa with a soothing waterfall feature. Entertain guests on the covered patio spaces that step down to poolside lounging areas, complete with a fire pit and artificial turf putting green. Enjoy cozy evenings by the outdoor fireplace surrounded by mature vegetation. Inside, the kitchen features custom cabinetry, double wall ovens, gas cooktop, large center island, ice maker, granite counters, & walk-in corner pantry. The kitchen opens to the family room and breakfast nook, ideal for casual gatherings. The family room boasts wood look tile floors, art niches, mechanical light-filtering shades, and a stacked stone fireplace. Formal living and dining room spaces provide elegant settings for special occasions, while the primary suite offers a serene escape with a separate sitting room, a luxurious bathroom with a soaking tub, a walk-in shower, dual vanities, and a spacious walk-in closet. Three guest rooms are preceded by a bonus room, perfect for a den or office space, while the fourth guest bedroom provides privacy on the opposite wing of the house, ideal for visiting guests or in-law accommodations. Convenience abounds with a 3-car garage offering direct entry into the large laundry room with a sink and ample storage space. A gated courtyard with a paver walkway welcomes you home, while a large paver drive leads to the side entry garage. Additional features include two newer Trane HVAC units and a new water heater. Don't miss the opportunity to experience luxury living in this North Scottsdale residence.

3506 E Ivyglen Circle Mesa, AZ 85213

$2,000,000
8 Beds
6.5 Baths
8,103 SqFt
Status Active
MLS # 6754378
Property Type Single Family Residence
Price Type --
This rare estate spans three floors & offers the equivalent of three homes in one with 3 full kitchens. The main floor inspires w/ soaring ceilings & abundant natural light that fills both formal & casual living spaces. Here, you'll find a stunning gourmet kitchen, a guest bedroom, a full bathroom, and a private casita suite (ADU) complete with its own office, spacious living area, garage and fully equipped kitchen. On the second floor, the master suite awaits, a luxurious retreat. Plus 2 additional bedrooms & an office, perfect for work or relaxation. The lower level offers a second ADU w/ 3 bedrooms, 1 bathroom, & its own living/dining area & kitchen— perfect for extended family or rental potential. The backyard features a pool, spa & fire pit. Room for pickleball ct. Virtually staged

9490 E Trailside View Scottsdale, AZ 85255

$2,000,000
5 Beds
3 Baths
3,560 SqFt
Status Active
MLS # 6773638
Property Type Single Family Residence
Price Type --
Introducing an exquisite new luxury real estate listing in the heart of DC Ranch, Scottsdale, masterfully designed by the renowned London Pierce Design. This stunning residence embodies sophistication and elegance, offering an unparalleled living experience. The home features five spacious bedrooms and three full bathrooms, catering to all your family's needs. The gourmet kitchen is a chef's dream, boasting a custom double marble island and table, two dishwashers, a marble backsplash, a custom marble bar, an induction oven, and a large double refrigerator. The living spaces are adorned with light beach-colored real wood floors and custom lighting with LED features on the island and cabinets. The custom glass and LED light staircase is a striking centerpiece. The living spaces are adorned with light beach-colored real wood floors and custom lighting with LED features on the island and cabinets. The custom glass and LED light staircase is a striking centerpiece, complemented by a crushed glass chandelier in the main living area. The main suite is a true retreat, featuring a large ensuite bath with a full glass shower and tub enhanced with LED accents and marble design. The huge walk-in closet provides ample storage for all your wardrobe needs. Throughout the home, you'll find custom wallpaper and paneling, as well as marbled countertops in the laundry room and all bathrooms, adding to the luxurious feel. Outdoor living is equally impressive with a courtyard perfect for intimate evenings, a walk balcony offering breathtaking mountain views, and a luxurious waterfall pool with new landscaping. A 16-foot sliding glass door opens up to the ultimate destination, seamlessly blending indoor and outdoor living. This residence is not just a home; it's a statement of luxury and modern design. Perfect for those who appreciate the finer things in life, this property epitomizes elegance and comfort in one of Scottsdale's most sought-after communities. Recent appraisal of 2,185,000 Brand new Furniture is also for sale co-Listing Agent is related to Owner.

6021 E Calle Rosa -- Scottsdale, AZ 85251

$2,000,000
4 Beds
3 Baths
2,972 SqFt
Status Active Under Contract
MLS # 6758870
Property Type Single Family Residence
Price Type --
Charming Arcadia proper ranch! Located in the Hopi district, this 4 bedroom, 3 bathroom home has the perfect blank canvas for your family. Greeted by the front yard's green grass and mature landscaping, home features great room with fireplace, formal dining, and open concept kitchen and living room with fireplace and access to the backyard. Chef's kitchen includes stainless steel appliances, multiple ovens, wine fridge, and eat-in kitchen with additional fireplace. Primary suite includes reading nook, dual sinks, enclosed toilet, oversized shower, and walk-in closet. Additional features include 2-car garage and architect draft of potential renovation plans. Backyard is perfect for entertaining with the custom pool with expanded pool deck, putting green, covered patio, and privacy created by citrus trees and bushes. Walk or bike on the canal or drive minutes to reach Phoenix's top resorts, golf, hiking, dining, and shopping.

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