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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14828 E Valley Vista Drive Fountain Hills, AZ 85268

$1,714,999
3 Beds
3.5 Baths
3,832 SqFt
Status Active
MLS # 6677358
Property Type Single Family Residence
Price Type --
Discover this stunning hillside property boasting expansive views on the border of Fountain Hills & Scottsdale! This brand new, completed home features modern construction and design, offering luxury and livability as one of the best values in Fountain Hills. The main floor offers an open, single-level feel, complemented by a spacious walkout basement leading to a large yard bordering the desert, creating a tranquil vacation-like ambiance. Enjoy the gourmet kitchen equipped with floor-to-ceiling stacked cabinets, Monogram appliances (including fridge, gas cooktop, built-in oven, and drink fridge), a large island, and exquisite pendant lighting. The sizable master bedroom provides panoramic views and access to a spacious balcony. Pamper yourself in the master bath featuring a snail shower and a freestanding soaking tub. Additional features include Santa Fe smooth interior texture, 10' to 12' ceiling heights, professionally landscaped front and rear yards, composite wood floors, a long paver driveway, a large laundry room, tiled surround showers, upgraded lighting and plumbing fixtures, and much more. Come and experience this amazing home and breathtaking views firsthand!

100 W Northern Avenue Unit 7 Phoenix, AZ 85021

$1,708,308
4 Beds
3.5 Baths
3,715 SqFt
Status Active
MLS # 6737176
Property Type Single Family Residence
Price Type --
Welcome to 100 Northern! Nestled in the prime location of North Central Phoenix, this gated, NEW, unique community features 3 different floor plans and only 17 homesites. Experience the elegant sophistication and uncluttered feel of these thoughtful, light flooded designs, where soaring ceilings, sleek lines, and open spaces all converge to evoke a true sense of serene ambiance throughout the home. This spectacular 2 level ''C'' plan features owner's suite, large den, and all primary living on the ground floor with 3 additional bedrooms, 2 baths (one ensuite) and large flex loft upstairs. Subzero/Wolf appliances, Trane AC units ,and tankless water heaters all set the standard for the list of included high-end features. Heated community pool, dog park and walking path cont.... all provide the outdoor enjoyment without the upkeep, cost and work of maintaining your own. Come and claim your new address at 100 Northern, the epitome of modern luxury living!

31 W Canyon Street Apache Junction, AZ 85120

$1,700,000
3 Beds
3.5 Baths
3,800 SqFt
Status Active
MLS # 6697663
Property Type Single Family Residence
Price Type --
Step into luxury with this stunning new construction home boasting vaulted ceilings adorned with rustic beams, a testament to its craftsmanship and charm. Indulge your culinary passions in the gourmet kitchen featuring custom cabinets, not one but two islands, and top-of-the-line appliances. Seamlessly blend indoor and outdoor living with a folding patio door, leading to a spacious wrap-around covered patio, perfect for entertaining or simply unwinding in style. Enjoy the sleek elegance of smooth wall finishes throughout the home. Plus, say goodbye to restrictive HOA regulations and embrace the freedom of no HOA. With a convenient drivet-hrough RV garage, this home is tailormade for those who value both functionality and sophistication. Don't miss your chance to make this dream home yours

32611 N 137th Street Scottsdale, AZ 85262

$1,700,000
6 Beds
6.5 Baths
5,850 SqFt
Status Active
MLS # 6776955
Property Type Single Family Residence
Price Type --
Wide open spaces and forever vistas grace this one of a kind resort compound in the Rio Verde Foothills. Authentic finishes with an elegant yet casual ranch feel are truly welcoming. Great room with stone fireplace, spacious gourmet kitchen & formal dining area all share the incredible panoramic views. The main home features three bedrooms, two of which are primary suites. The first level primary suite with its own private patio, and the upstairs primary suite with gorgeous views off of the balcony are both beautifully appointed and offer luxurious baths with travertine, jetted tubs and walk-in showers. Additionally there is an upstairs secondary suite with private bath. More... Wine bar, powder room and large laundry center round out the main house. To the right of the front door entrance is the attached guest casita with spacious bedroom, kitchenette, lux bath with walk-in shower & back yard access. To top it all off, there is a completely independent guest house with well appointed chef's kitchen with breakfast nook overlooking the generous great room with fireplace. The primary suite w/private bath, guest bedroom & bath, office, laundry room and expansive covered patio make this a perfect secondary residence. All topped off by the roof deck where you can take in the daytime views or night time skies. From the primary residence enjoy the tranquility of this special part of Scottsdale with stunning mountain views, refreshing pool & spa, deep covered patio for entertaining, fire pit area & putting green. The spectacular backdrop is just the frosting on the cake. Welcome Home!

5549 E Saguaro Vista Drive Cave Creek, AZ 85331

$1,700,000
4 Beds
4.5 Baths
4,124 SqFt
Status Active
MLS # 6735458
Property Type Single Family Residence
Price Type --
Discover the Sedona, a contemporary open-concept design to be built. Car collectors and RVers will appreciate the storage, featuring an oversized 3-car tandem garage plus a 49' deep RV garage. The home includes 4 bedrooms, office, 4.5 bathrooms, island kitchen, and a guest suite with a private living room. The owner's suite boasts a free-standing tub, a walk-through shower, and an oversized walk-in closet. Enjoy quality finishes such as 90/10 smooth walls, 8' doors, quartz countertops, and 12' ceilings in the great room and kitchen. The build is enhanced by energy-efficient spray foam insulation, 2x6 framed exterior, fully sheathed construction, and a post-tension foundation. Pictures are from a model home w/ available options. Buyer to verify all facts and specs.

8724 E Russell Street Mesa, AZ 85207

$1,700,000
5 Beds
5.5 Baths
3,770 SqFt
Status Active
MLS # 6740161
Property Type Single Family Residence
Price Type --
360 degrees unobstructed VIEWS!!! NO HOA! DETACHED GUEST HOUSE! 7 car garage! Bring all your toys to this home in The Desert Uplands of Mesa! Lifestyle here is exceptional with a blend of tranquility & convenience. Nearby stores, restaurants, hiking & boating at Tonto National Forest & Usury Mountain Regional Park. All million $ plus homes. Experience elegance & comfort in this magnificent 5-bedroom, 4.5 -bathroom residence on a sprawling 1.22-acre lot! 2 story entry w/ elegant stairwell. Formal LR & DR with updated modern flooring. 2022 kitchen remodel offers white shaker cabinets, viking stove, lg prep island, true butlers kitchen & pantry. Family room has huge windows, gas FP & open to the kitchen. 1st floor office, bedroom & full bathroom. Attached 4 car extended garage. GUEST suite is detached & private. Guest suite: great room, full kitchen with island & informal dining area, full bedroom & bathroom. Has a page storage room & attached to full access to second garage. This home boasts MOUNTAIN, SUNRISE, SUNSETS & CITY LIGHT VIEWS from multiple view decks & form inside the home. Fenced in back yard has extended covered patio's built in BBQ, heated spa and diving pool. Bring all your toys!! No HOA!! ** WELL is private and 1000 ft deep with a 2700 gallon holding tank!

8633 E Via Montoya -- Scottsdale, AZ 85255

$1,700,000
4 Beds
3 Baths
3,510 SqFt
Status Active
MLS # 6741102
Property Type Single Family Residence
Price Type --
Gorgeous Custom home in gated community of Los Gatos in North Scottsdale. Situated on almost an acre of serene private desert. This home was built for entertaining with a massive formal living and dining room, stunning fireplace and art display wall with custom lighting. The beautifully remodeled kitchen is light and bright and, features quartz counter tops, loads of storage, and counter space for all the chefs in the house. The backyard is the absolute show stopper of this home. Step out onto the huge covered patio and take in the sparkling pool, gazebo, hot tub, putting greens, Basketball sport court, roof top deck, and lush mature landscaping. Breathtaking views and north/south exposure. New AC's in 2022/2024. This incredible home has it all AND has horse privileges!

3730 E Cloud Road Cave Creek, AZ 85331

$1,700,000
4 Beds
3 Baths
3,264 SqFt
Status Active
MLS # 6765683
Property Type Single Family Residence
Price Type --
Everyone who walks into this home says ''Wow!'' Gorgeous home on an appx acre. Custom travertine in all walk areas. High end finishes t/o. Gorgeous island kitchen featuring cherry stained knotty alder cabinets, granite, 48'' Prof. Viking 6 burner gas stove with grill. Pot filler over stove, warming drawer, prep sink in island, and trash compactor. Sub Zero refrigerator. Breakfast nook. The wet bar features a wine chiller and refrigerator, sink and granite counter. The split primary bedroom features a snail shower, separate partner sinks, and a gas fireplace over the bubble tub. Two bedrooms share jack and jill bathroom. Hard-wired Ring video doorbell w/ backyard ring video floodlights. Backyard features a deep patio with scenic views of the mountains. Whole home hard wired audio sy

703 N Chaparral Pines Drive Payson, AZ 85541

$1,700,000
4 Beds
3 Baths
3,879 SqFt
Status Active
MLS # 6763197
Property Type Single Family Residence
Price Type --
Exquisite one of a kind log home by Pioneer Log Homes of British Columbia. One level living plus a loft for family/game room and an office. The home is nestled in a private setting on over 5 acres that backs the National Forest. Extra large garage plus a two stall RV carport to store all the toys. This property is a horse lovers dream! It has an amazing horse set up with an MD custom made horse barn that has a saddle room and hay compartment. Horse stalls have rubber floors, and all stalls have their own outside run to a nice size arena. The one bedroom one bath guest house is also a custom Pioneer Log Home of the same amazing quality. You can hike, bike, or ride your horse directly from your property into the National Forest. One of the best properties available in Rim Country!

20319 N 84th Way Scottsdale, AZ 85255

$1,700,000
3 Beds
3.5 Baths
2,751 SqFt
Status Active Under Contract
MLS # 6767072
Property Type Single Family Residence
Price Type --
Nestled within the prestigious Guard Gated Community of Renaissance at Grayhawk awaits a tastefully transformed contemporary residence showcasing stunning enhancements throughout. Perfectly positioned near top-tier amenities, this upscale home exudes elegance and sophistication for your enjoyment. Experience the seamless flow of modern luxury between indoor and outdoor areas, complete with a self cleaning sparkling pool and private outdoor sanctuary. A detached guest house offers flexible living options, while the front yard is meticulously cared for by the community association.This exquisite property features a fresh design, open floor concept with over 200K invested in renovations. The layout promotes a seamless flow with an airy open floor plan complete with soft neutral colors. Creating a serene ambiance of sophistication, the interior showcases an oversized resin sink, dual paned windows, French Oak flooring, sleek White Custom Soft Close Cabinetry, and luxurious Granite Countertops. The chef's kitchen is equipped with high-end stainless steel appliances, a separate island, subway tile backsplash. From the Chef's Kitchen the open floor concept permits all access points to the formal living area, family room, dining room, backyard and side courtyard. Each bedroom mirrors an in-home casita styled and patterned for privacy, livable space & functionality. Move freely from the interior of the home into your own private backyard oasis. Relax and enjoy the quiet nights, in your low maintenance fully landscaped backyard with artificial grass. The oversized heated and self cleaning swimming pool with a negative edge spa is a great opportunity to enjoy the 300 plus days of sun in the Sonoran Desert. What separates this particular lot is the sole and separate NAOS behind the home integrated with no neighbor on the south side of the property. This home will impress the most discerning buyers, as it is the only remodeled and updated home in the Renaissance subdivision currently available for sale Please call or text listing agent to show

7428 N Tombstone Road Scottsdale, AZ 85258

$1,700,000
2 Beds
2.5 Baths
2,361 SqFt
Status Active
MLS # 6765370
Property Type Single Family Residence
Price Type --
Welcome to resort-style living on the west perimeter of Sandpiper at McCormick Ranch! This stunning home offers 2 Primary suites + Den, 2.5-bath, & is located behind a 24/7 guard gate. Enjoy quiet living in the heart of Scottsdale. This home features a private center courtyard, a oversized 2-car garage. Nestled along the McCormick Ranch Golf Course, the home provides breathtaking views of Camelback & Mummy Mountains. Inside, you'll find soaring ceilings, neutral paint, & wood floors throughout.The open-concept layout showcases an upgraded cook's kitchen, stainless steel appliances, a breakfast bar, & ample cabinet space, including glass-front uppers. Quartz countertops, a range with electric cooktop, a wall oven, a walk-in pantry, & a separate pantry make this kitchen a chef's dream. Each generously sized bedroom offers sliding glass doors that open to private patios, seamlessly blending indoor-outdoor living. Owned solar panels add energy efficiency to this luxury home. The property is surrounded by lush green grass, creating a serene and inviting environment. Relax in one of the 7 community pools, perfect for enjoying Scottsdale's beautiful weather. You'll have plenty of room for guests with slab parking for 6 cars, offering more space than most properties in Sandpiper. Located in the highly sought-after McCormick Ranch area, this home is close to shopping, dining, golf, and entertainment, making it a perfect blend of luxury, convenience, and tranquility.

4340 E Estrella Court Gilbert, AZ 85296

$1,699,999
5 Beds
4.5 Baths
3,542 SqFt
Status Active
MLS # 6726476
Property Type Single Family Residence
Price Type --
***BACK ON MARKET BUYER FAILED TO PERFORM*** Welcome home! Located in a prime cul-de-sac with custom-built homes, this property is just minutes away from the highly anticipated Cannon Beach water park, with quick access to the 202, dining, and shopping. Completely remodeled in 2024, all you have to do is unpack and enjoy! As you step through the front door, you're greeted by the beautiful blue waters of your heated and cooled diving pool, finished with new Pebble Tech and three waterfalls. Wade onto the Baja Ledge and cool off, knowing your pool is freshly maintained and ready to offer complete serenity. The outdoor kitchen is a perfect spot to entertain, featuring a built-in BBQ and flat top grill.... ''click on more'' for more info. Enjoy a game of pickle ball or hoops on your sport court, and as the evening temperatures drop, gather around the propane fire pit to take in the sunsets. The low-maintenance landscape lets you focus on friends and family instead of yard work. Spanning over 3,500 sq. ft., this split-bedroom floor plan includes 5 bedrooms (one of which is a junior suite), 2 full bathrooms, two 3/4 baths, and a 1/2 bath, offering ample room for everyone. The kitchen boasts plenty of storage, including a walk-in pantry, a 36 natural gas stove, an oversized built-in refrigerator, and a separate beverage fridge. The generous-sized island is perfect for gathering around the heart of the home. The flex space provides the ideal area to play pool, watch the big game, or snuggle in for movie night. Additional features include built-in Wi-Fi speakers, an RV gate, extra parking, spray foam insulation, and a 40-year roof that has just been serviced and certified. This home has too many extras to list!

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