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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1314 E Coyote Pass Carefree, AZ 85377

$1,569,000
3 Beds
2.5 Baths
2,786 SqFt
Status Active Under Contract
MLS # 6658952
Property Type Single Family Residence
Price Type --
Rare opportunity! Beautiful custom home in the highly sought after Boulders Community. Perfectly sited on the world renowned North Course, this home presents a Southwest contemporary style that is timeless. Tastefully remodeled kitchen and baths and travertine flooring add to the charm. Thoughtful design and abundant windows showcase the high desert palette. Single level with a generous, shaded patio and mature landscaping, the location is ideal with large homesites in the desirable north community providing uncommon privacy. A new water heater and concrete tile roof for easy maintenance. Discover the Boulders. Close to all the shopping, dining and fun events of Carefree and Cave Creek. The world famous Boulders Club offers championship golf, tennis, pickleball and fitness.

3534 N Boulder Canyon Street Mesa, AZ 85207

$1,565,000
4 Beds
4.5 Baths
4,079 SqFt
Status Active
MLS # 6775487
Property Type Single Family Residence
Price Type --
Prepare to be amazed! Come see this professionally designed luxurious 4 bed, 4.5 bath, + an office, + a media room in Las Sendas. Over 200k in upgrades! Manicured landscape, large 3 garage spaces w/built-in cabinets, paver driveway, and Tesla charger. Marble foyer which flows into an oversized media room with metal/glass doors and formal dining room with custom wallpaper perfect for entertaining. 12ft ceilings, elegant wood flooring, new high-end light fixtures, and designer palette. Family room with custom built-ins and gas fireplace. Quartz countertop, all top of the line appliances in this gourmet kitchen, wood staggered cabinets w/crown moulding, a large walk-in pantry & bar. All bedrooms have their own private bathroom with oversized closets. Primary bathroom has huge his/her walk-in closets with an oversized shower and soaking tub featuring a fireplace with the ultimate relaxation. Pool and spa both are heated with a large grass area. You will be absolutely stunned.

22034 N 59th Place Phoenix, AZ 85054

$1,564,999
4 Beds
4.5 Baths
3,505 SqFt
Status Active
MLS # 6752073
Property Type Single Family Residence
Price Type --
Shea Home's best selling Model 5016 on one of the largest Premium Lots in the most exclusive neighborhood in Desert Ridge, TALINN. NO HOMES TO THE REAR. Lightly lived in by the orig owners, just long enough to complete the yard, pool and design decor. Ideally configured: Second master downstairs adjacent the optional 5th bedroom. The open great room boasts generous windows to match the 26' high ceiling vaults, with unobstructed views: Rather than neighbor's rooftops, your view of mountain peaks and sunsets are visible from the great room, yard & pool, loft and 1 master bedroom. The open gourmet kitchen features a premium gas range and 4 ovens. A stunning accent wall features Artisan-crafted wood plank slat panels extending from the floor to the 26-foot high ceiling. Each hand-cut panel is arranged in a striking horizontal and vertical pattern. Additional features of the NO-STEP main level include stunning wood-look tile floors, a pre-wired surround sound speaker system, and ceiling fans in every bedroom. Barn doors enhance the office off the Foyer, while texturized wall decor adds a unique touch. The gourmet kitchen is equipped with four ovens, including air-fry and convection, and a well-appointed coffee bar that complements the expansive cabinetry. An organized walk-in pantry easily houses groceries from the adjacent 3-car garage. The large laundry room includes your new washer and dryer, and offers ample shelving and cabinets for multifunctional use, or craft room. Off Season storage closet for long hanging garment and full storage under stairwell (or great fort for the kids). The home also includes a full-home water purification system. With over $300,000 in customizations, this residence is ready for you to move in TODAY! Don't miss the amazing detailscheck out the video. 3D tour available on homes. Conveniently located within 3 miles of Desert Ridge shopping and dining, with quick access to the 101. Walking distance to High Street. Emblem gates are across from the new Talinn community center.

6131 E Kings Avenue Scottsdale, AZ 85254

$1,564,900
5 Beds
3 Baths
2,639 SqFt
Status Active
MLS # 6741591
Property Type Single Family Residence
Price Type --
LOCATION, LOCATION!!! Located in ''MAGIC ZIPCODE'' of 85254 (Scottsdale address and Phoenix city services) Seller offering $10,000 concessions towards paint. Top demanded 5BR vacation home! This modern style home has everything including vaulted ceilings, incredible open kitchen concept, an indoor-outdoor primary shower, heated salt water pool, putting green and more. It is located in North Scottsdale's most desired zip code, 85254. You are just steps away from premier shopping centers and boutiques like the Kierland Commons and Scottsdale Fashion Square. For a more laidback experience, a quaint park is right across the street, perfect for outdoor picnics, soccer games, and all sorts of family fun! Move IN Ready Home!

5310 E Nordica Loop Flagstaff, AZ 86004

$1,560,000 - 5Br/4Ba -  for Sale in Lakeside Acres 2, Flagstaff
Open House
$1,560,000
5 Beds
4 Baths
3,902 SqFt
Status Active
MLS # 6710483
Property Type Single Family Residence
Price Type --
Welcome to your dream home in prestigious Lakeside Acres! This expansive one-story residence sprawls on a generous 1.1 acre lot, offering both luxury and comfort. Abundant, large windows beneath the soaring vaulted ceiling allow ample natural light as well as fabulous mountain & forest views. The chef's kitchen boasts a large island with sink, double ovens, warming drawer, large JennAir range, stainless appliances & granite. Among many other remarkable amenities, the impressive primary suite offers an additional retreat room and the split floorplan offers privacy & functionality. The whole home humidifier, central air conditioning, heat and two beautiful fireplaces ensure this home is not only stunning but luxuriously comfortable. The spacious, private outdoor living area offers a large semi-covered patio for entertaining or relaxation. With 5 bedrooms, 4 bathrooms, a 3 car garage and so much more, you will not want to miss this incredible home in the pines of Lakeside Acres in the Continental Country Club!

6623 E Whispering Mesquite Trail Scottsdale, AZ 85266

$1,560,000 - 3Br/3Ba -  for Sale in Terravita, Scottsdale
New
$1,560,000
3 Beds
3 Baths
2,867 SqFt
Status Active
MLS # 6767655
Property Type Single Family Residence
Price Type --
Gorgeous Updated & Impeccably maintained 3 bedroom home PLUS detached Casita w/ Ensuite in Terravita! Too many upgrades to list all include new European Oak flooring w/ 6'' baseboards. Remodeled kitchen & Bar includes gorgeous Quartzite countertops with full backsplash, new cabinetry w/ built-in wood panel Bosch & Thermador appliances and wine refrigerator, new brushed gold hardware. Brand new Home automation includes upgraded Wi-Fi, automated lighting w/ scene lighting capability, television and music surround system, pool & spa features, 2 Nest Thermostats, Video Doorbell, Wi-Fi enabled garage doors.etc. - all controlled via keypad or i-phone. See full list of upgrades! Spacious 3 car garage has all new custom cabinetry. Back yard includes pool & heated spa, new covered outdoor More... built-in grilling station with Napoleon gas grill. New Carrier A/C & furnaces installed '21. Upgraded landscaping.Terravita is a member-owned, private golf and country club, offering year-round active lifestyle options. Many diverse activities and groups that meet regularly to explore new trails, enjoy fitness classes, create art, relax by the pool, play tennis, dine together in a state of the art clubhouse, accolades received for its recent renovations.

3022 S Clubhouse Circle Unit 57 Flagstaff, AZ 86005

$1,558,000
3 Beds
3 Baths
2,142 SqFt
Status Active
MLS # 6735684
Property Type Single Family Residence
Price Type --
Home is currently under construction. This unit has been enhanced with a large spacious patio. Situated within the high-country forest and including a covered wrap around patio with built-in BBQ, this spacious condo offers a unique mountain escape during any season. Featuring an open concept design, the great room and gourmet kitchen provide an easy flow making it the perfect layout for gathering with family and friends. Incentives are currently being offered. Please call the Pine Canyon Sales Office for more information.

5250 E Deer Valley Drive Unit 435 Phoenix, AZ 85054

$1,556,951
2 Beds
2.5 Baths
2,025 SqFt
Status Active Under Contract
MLS # 6647664
Property Type Apartment
Price Type --

1910 W Roderick Lane Wickenburg, AZ 85390

$1,555,000
3 Beds
2.5 Baths
1,800 SqFt
Status Active
MLS # 6765165
Property Type Single Family Residence
Price Type --
She's a beauty! Premium Horse Property in the heart of Wickenburg, on paved road. NEW Custom Horse Facilities. Roping Arena with covered steer pen, 55ft Round Pen with custom sprinklers, pristine 12 stall barn with expansive custom tack and covered hay storage. Auto waterers and stall turn-outs. TWO RV hook ups each with 30, 50 and 110 plug-ins. Home is a 3-bedroom 2.5-bath. Stunning second story views from the dinning and kitchen complimented by evenings on the porch overlooking the arena and equine facilities. Two car garage and an abundance of storage. Bonus room, workshop and full bath in the lower level with walk-out secluded covered patio. Updated kitchen with porcelain counter tops, custom cabinetry and spacious pantry. Leased Solar equates to very minimal electricity bills. Owner is a licensed Arizona Real Estate Agent.

10603 N Skyline Drive Fountain Hills, AZ 85268

$1,555,000 - 4Br/4Ba -  for Sale in Summit At Crestview, Fountain Hills
Open House
$1,555,000
4 Beds
3.5 Baths
4,046 SqFt
Status Active
MLS # 6749712
Property Type Single Family Residence
Price Type --
Brand New Construction on probably the best zero premium view lot in Fountain Hills! This stunning home offers the ease of single-level living with the added luxury of a walk-out basement. The main floor features a giant great room with expansive picture windows that capture the stunning views, alongside a gourmet kitchen that opens to a spacious covered terrace overlooking Red Rock, Four Peaks, and the surrounding landscape. Conveniently located near the Scottsdale border, this home provides easy access to everything the area has to offer. The main level also includes the primary bedroom, a dedicated office, and an inviting living area, while the walk-out basement surprises with a generous media room and two additional bedrooms. Come see this beautiful community today!

7630 N 4th Avenue Phoenix, AZ 85021

$1,550,000
3 Beds
2 Baths
2,082 SqFt
Status Active
MLS # 6767554
Property Type Single Family Residence
Price Type --
This home is an entertainer's delight! Beautifully remodeled 3 bedroom, 2 bath home located in a cul-de-sac between the 7s in North Central Phoenix. Plumbing & electrical updated too. Gorgeous kitchen with lots of natural light, quartz counters & ton of upgrades. Spacious living room with floor to ceiling windows. The lush green backyard is an oasis, filled with shade and tons of fruit trees-orange, lime, lemon, plum & more. The extended covered patio is perfect for sipping coffee/cocktails, watching the game, hosting birthday parties, large gathering of friends or family dinners in the Fall. The 15,000+ flood irrigated yard offers a ton of space for the kids & animals to run around. Plenty of room to add a pool. Air conditioned garage has a Tesla charging station. Separate backyard work- shop has AC, electric & Cable. Can easily be turned into a ManCave, She-shed, kids playhouse, casita or a home office too. Sit out front, wave to the neighbors and listen to the tranquil water feature that flows into the self cleaning Koi & goldfish pond. This home has a smart refrigerator, Nest thermostat, smart bathroom mirrors & vents - lights, blue tooth speaker and a fan all in one. The bedroom outlets have USB charging too. 2nd Bedroom has private patio. There are too many extras to name them all here. Come and see for yourself!

4150 Black Mountain Road Wickenburg, AZ 85390

$1,550,000
4 Beds
3.5 Baths
3,038 SqFt
Status Active
MLS # 6734077
Property Type Single Family Residence
Price Type --
Welcome to your dream Santa Fe style oasis in Wickenburg! This gorgeous 4-bedroom, 3.5-bathroom horse property is the epitome of southwestern elegance and modern comfort. As you enter through the beautiful front courtyard, you'll immediately feel at home. The front door beckons you into a western showpiece with soaring ceilings, log beams, custom paint and a fantastic floor plan. The chef's kitchen is truly a masterpiece, featuring a Viking 6-burner gas stove, two kitchen islands, and all the space you need to create culinary delights. Step outside to your backyard paradise, where a fully fenced yard offers complete privacy. Enjoy evenings by the koi pond, dine al fresco in the outdoor dining area with a cozy fireplace and BBQ, and take in the beautiful landscaping. It's an entertainer's dream come true! Inside, the airy living spaces are perfect for both family gatherings and quiet nights in. A stunning dual-sided fireplace adds a touch of warmth and luxury to the primary suite and en suite bath, creating your own private retreat. The dedicated office provides a peaceful workspace, and the large additional bedrooms ensure comfort for everyone. For car enthusiasts, the attached 3-car garage and detached, climate-controlled 2-car garage provide plenty of room for your vehicles and toys. This home is ready to accommodate your equestrian lifestyle with all the amenities you need. Experience the unique blend of style, comfort, and functionality in this Santa Fe gem. Located in a vibrant community, this exceptional property offers unparalleled living in a prime Wickenburg location. Don't miss your chance to own this incredible home!

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