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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7624 E Charter Oak Road Scottsdale, AZ 85260

$1,295,000
3 Beds
2 Baths
2,324 SqFt
Status Active
MLS # 6719798
Property Type Single Family Residence
Price Type --
Discover a meticulously renovated masterpiece in the heart of Buenavante. This home has undergone a complete metamorphosis, boasting a new roof, windows, doors, and a sleek synthetic stucco exterior. Inside, you'll find elegant engineered hardwood floors, a gourmet kitchen, spa-like bathrooms, and modern finishes throughout. Enjoy peace of mind with a new AC system, repiped plumbing, and a revitalized outdoor oasis featuring a resurfaced pool, lush landscaping, and automated irrigation. With a spacious 13,000 sq ft lot, there's ample room to create your own private retreat, such as a casita or guest house. Perfectly located near top-rated schools, shopping, dining, and major freeways, this home offers the ultimate in convenience and luxury. Don't miss this opportunity to own this home. Don't miss this opportunity to own a truly exceptional property. Schedule your private showing today!

8707 E Clarendon Avenue Scottsdale, AZ 85251

$1,295,000
5 Beds
2 Baths
1,993 SqFt
Status Active
MLS # 6746680
Property Type Single Family Residence
Price Type --
Introducing the ''House of Gucci.'' a property that redefines what luxury, tranquility, and living your best life looks like! This stunning home features a spacious 5 bed/2 bath with the finest decor exuding elegance and beauty! The bright open floor plan leads out to the resort like backyard where endless fun begins. Take a dip in your sparkling heated pool and spa, roast marshmallows by the fire pit, entertain friends at your BBQ, or putting green, or simply just lounge on the beautiful outdoor furniture. Or perhaps stay inside the custom game room gathering with family and friends making memories. All this and in the most sought after part of Sunny Scottsdale, just minutes from the heart of Old Town where you can enjoy the finest dining, shopping and night life!

5135 W Alameda Road Glendale, AZ 85310

$1,295,000
5 Beds
3 Baths
3,749 SqFt
Status Active
MLS # 6749254
Property Type Single Family Residence
Price Type --
Bring your toys! Stunning Tri-Level Home in Saddleback Estates on just under an acre with additional 3000sqft Garage & Fully owned 150kwh Solar System providing close to zero energy costs! Inside you will discover 5 bedrooms, 3 baths 2 living areas, formal dining and an extra flex room. Home features tile & wood flooring throughout, granite counters and cherry cabs in the kitchen, & a large master with private balcony equipped with a hot tub. Outside enjoy a covered patio overlooking a beautifully landscaped yard and sparkling pool that also is equipped with heater and chiller. The massive garage/workshop is equipped with A/C, heat, 3-phase electric, and R40 insulation in the walls and R55 in the roof. On top of having tons of character & storage this home is located near golfing, hiking water parks, plenty of dining options at the shops at Norterra and great schools like Sandra Day O'Connor. Only a short drive to both 101 and I-17 freeways. Check out additional upgrades attached in document section.

11838 N 144th Way Scottsdale, AZ 85259

$1,295,000
3 Beds
2.5 Baths
2,630 SqFt
Status Active Under Contract
MLS # 6702385
Property Type Single Family Residence
Price Type --
Escape to the tranquil beauty of Hidden Hills and discover your dream home nestled within this sought-after community. Perched high on a hillside, this exceptional residence offers unrivaled vistas, showcasing stunning sunsets, the majestic Phoenix valley skyline, and breathtaking mountain views that will undoubtedly captivate you. Enter through your private courtyard, seamlessly extending the outdoor living space and welcoming you into a world of serenity and luxury. Step inside this single-level Golden Heritage Great Room floor plan and be embraced by an inviting atmosphere adorned with Viga ceiling beams, effortlessly marrying comfort with sophistication. The spacious kitchen, a haven for culinary enthusiasts, boasts new Wolf Gas Cooktop and Double Jenn-Air Wall Ovens, providing ample space for culinary exploration, while a cozy Kiva fireplace sets the tone for intimate gatherings in the family room. Indulge in the opulence of the expansive primary suite, featuring a private exit to the rear yard where the beauty of the landscape awaits you each morning. Outside, a resort-style backyard beckons, showcasing a sparkling Pebble Tec pool and spa, embraced by lush landscaping and accent lighting, crafting an oasis of tranquility and relaxation, complete with a fire pit to enjoy during the evenings. A true gem, this home boasts a newly recoated roof (2 year warranty) and all-new pool equipment managed wirelessly, ensuring a move-in ready experience and promising a lifestyle of comfort and luxury. Experience the epitome of Scottsdale living with easy access to amenities such as the Mayo Clinic, Basis School, golf courses, biking trails, and hiking adventures. Whether you seek tranquility or outdoor exploration, this residence offers the perfect balance of opulence and lifestyle.

4122 E Burnside Trail Cave Creek, AZ 85331

$1,295,000
5 Beds
3.5 Baths
4,580 SqFt
Status Active
MLS # 6761338
Property Type Single Family Residence
Price Type --
Sophistication meets comfort in this beautiful residence. Situated on a sprawling corner lot, this beautiful home offers an unparalleled blend of elegance and functionality. Boasting a fully remodeled chef's kitchen stands with modern style and culinary excellence. Adorned with top-of-the-line appliances, custom cabinetry, and exquisite finishes, it seamlessly transitions into the open living spaces, creating an ideal environment for both everyday living and entertaining. Your spacious fitness room awaits you, a dedicated space designed to elevate your wellness routine. Your gym offers the perfect sanctuary to achieve your fitness goals without leaving the comfort of your home. The outdoor oasis with a resort-style pool and spa will be the focal point for gatherings for years to come!

5112 N 32nd Place Phoenix, AZ 85018

$1,295,000
3 Beds
3 Baths
2,420 SqFt
Status Active
MLS # 6764328
Property Type Single Family Residence
Price Type --
Fabulous opportunity in Biltmore Heights to make this your own! Tucked away on a beautiful street with 10,237 sq ft lot with RARE GUEST HOUSE & FULLY TILED POOL. High vaulted ceilings & kitchen opens to great room. Kitchen features stainless steel counter tops, subzero refrigerator, Viking cooktop, & Bosch dishwasher. Kitchen has a dutch door that opens to the gated courtyard for beautiful weather days. Fabulous outdoor living with large covered patio, cozy fireplace, and built in BBQ area w/ sink. NEW AC unit in 2024. Main home is 2 beds/ 2 baths and guest house is 1 bed/1 bath. Storage shed on the south side of the home.

39101 N 26th Street Cave Creek, AZ 85331

$1,295,000
3 Beds
2.5 Baths
2,862 SqFt
Status Active Under Contract
MLS # 6736724
Property Type Single Family Residence
Price Type --
Exceptionally Energy efficient Home with Huge Resort Retreat backyard & Mountains you can almost touch!! Stunning Integra Energy-Efficient Block Custom home on over 1 acre. Just under 3,000 sq ft. Perfect size for your forever home. Roomy entertainers kitchen with Sub Zero built in refrigerator, GE Convection double ovens & range, Bosch dishwasher, kitchen island, built-in microwave, R/O system, roll-out shelving & large walk in pantry. Eat-in Kitchen breakfast area , Plus a Formal Dining room. First Class all the way professionally designed backyard oasis that Includes PIZZA over and a separate dance floor level. 25 year warranty Rhino paint exterior. RV spot with own 50 Amp hook up. 3 car extended garage with epoxy floor.

3909 S Veronica Lane Gold Canyon, AZ 85118

$1,295,000 - 4Br/3Ba -  for Sale in Montana Dorada, Gold Canyon
Open House
$1,295,000
4 Beds
3 Baths
2,989 SqFt
Status Active
MLS # 6769878
Property Type Single Family Residence
Price Type --
Welcome to Montana Dorada, the best kept secret in Gold Canyon Arizona. This single level home is part of an exclusive Modern Farm Desert Collection. Offering paved roads, quick access to the US 60, close to shopping and dining, complete with breathtaking views of the iconic Superstition Mountains at every turn. Offering 2989 livable SF, 4 bedrooms, 3 bathrooms, a large kitchen island, wine bar, and a butler's pantry. This split floorplan offers a large owners suite and guest ensuite both with private access to the large covered backyard patio. All tile throughout with light earthy tones to compliment every style. The developers are offering a 25,000 credit for rate buy down and custom owners closet build out. This new build comes with an oversized 3 car garage complete with epoxy floor. Carefully positioned to offer both privacy and optimized views of the mountains. Montana Dorada in Gold Canyon Arizona offers peaceful living with amazing access to city amenities. If you are looking for golfing, hiking, biking, and sensational outdoor adventure while still being close to modern amenities this beautiful single level new build in Montana Dorada is a must see.

3044 N Ironwood Road Carefree, AZ 85377

$1,295,000 - 3Br/4Ba -  for Sale in Boulders Carefree 3b Replat, Carefree
Open House
$1,295,000
3 Beds
3.5 Baths
2,948 SqFt
Status Active
MLS # 6774944
Property Type Single Family Residence
Price Type --
SPECTACULAR BOULDERS PROPERTY REDONE TO PERFECTION. THIS 3 BEDROOM WITH 3.5 BATHROOMS IS REMODELED FROM ONLY THE BEST MATERIALS WOOD FLOORING,2 MASTER BATHROOMS WITH FANTASTIC MARBLE FINISHES BTFL KITCHEN WITH GRANITE FINISHES AND DECOR 6 BURNER GAS RANGE AND DECOR OVEN...FROM THE MOMENT YOU STEP OUT TO THE YARD WITH IMPRESSIVE BOULDERS GROUPINGS AND PLANTINGS AND FABULOUS POOL/SPA THAT IS PERFECT FOR PRIVACY AND PEACE AT THE END OF THE DAY.

6707 N 10th Place Phoenix, AZ 85014

$1,295,000 - 4Br/4Ba -  for Sale in Palm Terrace 2, Phoenix
Open House
$1,295,000
4 Beds
4 Baths
2,700 SqFt
Status Active
MLS # 6773329
Property Type Single Family Residence
Price Type --
Step into this newly completed modern marvel, reimagined from the ground up by a skilled builder. Only a few walls from the original structure remain, offering a fresh perspective on contemporary living. Enter through a inviting foyer illuminated by twin skylights, and be greeted by warm hardwood floors that flow throughout. A bright an airy family room, anchored by a sleek gas fireplace, blends effortlessly with a cozy dining area and artfully designed kitchen. The chef's haven features an oversized island, premium stainless-steel appliances, and quartz countertops, all framed by custom cabinetry. Both primary suites boast soaring vaulted ceilings, spa-inspired bathrooms, and spacious walk-in closets. The home offers thoughtful details like a tankless gas water heater in the attached two-car garage and private en-suite baths for all three bedrooms. Outside, the backyard is designed for serenity and low maintenance, with a covered patio, artificial turf, and privacy ensured by a solid block wall. There's even room for a pool if you wish. The front entry charms with a courtyard framed by brick pavers. As an added note, the seller, who is also the builder, owns the neighboring home and is currently working on plans to rebuild it, offering a rare opportunity to influence the future of this exclusive enclave.

4114 Cactus Blossom Road Wickenburg, AZ 85390

$1,295,000 - 2Br/3Ba -  for Sale in Wickenburg Ranch Parcel K, Wickenburg
Open House
$1,295,000
2 Beds
2.5 Baths
2,381 SqFt
Status Active
MLS # 6705527
Property Type Single Family Residence
Price Type --
Welcome to your dream oasis in the heart of the exclusive Wickenburg Ranch community! Within the serene beauty of this Brasada home, this stunning residence offers an unparalleled blend of luxury and tranquility. As you step through the front courtyard, you're greeted by the inviting charm of this home's curb appeal. Modern neutral colors adorn the exterior, setting the tone for the elegance that awaits inside. Prepare to be captivated by the breathtaking views that greet you from the backyard oasis. Overlooking the mountains, lush golf course, and tranquil creek, the backdrop is nothing short of awe-inspiring. Spend evenings gathered around the cozy firepit, soaking in the serenity of the desert landscape. With two remote controlled patio shades you have the ability to easily shade the patio at will. Inside, the home exudes warmth and sophistication, with plenty of natural light streaming through numerous windows. The updated kitchen boasts sleek appliances, granite counters, ample cabinets, and extra storage areas, making it a haven for any culinary enthusiast. The dining room and master bedroom both have window seats for additional seating and storage. In the living area, a gas stove beckons for cozy evenings spent curled up with a good book or enjoying the company of loved ones. Retreat to the luxurious master suite, where the updated bathroom awaits with a spacious walk-in shower and indulgent soaking tub. Relax and unwind in style, surrounded by elegant finishes and serene ambiance. The oversized laundry room serves as a multifunctional space, doubling as a convenient office area. The guest bedroom offers privacy and comfort with its own en-suite bathroom, ensuring that visitors feel pampered during their stay. Pleated shades and plantation shutters throughout the home provide both style and functionality. In addition, the home has a central vacuum for convenience and a wine fridge for making entertaining a breeze. Completing this exceptional property is an oversized 3-car garage, complete with beautiful, attached cabinets for additional storage, and two golf cart electrical outlets for charging. Whether you're a car enthusiast or simply in need of extra space, this garage has you covered. Don't miss your chance to experience resort-style living in this exquisite Brasada Shea home!!

7272 E Gainey Ranch Road Unit 43 Scottsdale, AZ 85258

$1,295,000 - 2Br/3Ba -  for Sale in Gainey Ranch, Scottsdale
Open House
$1,295,000
2 Beds
3 Baths
1,895 SqFt
Status Active
MLS # 6730003
Property Type Townhouse
Price Type --
Enjoy the Gainey Ranch lifestyle in this updated 2 bedroom plus den condo with 3 full baths. Situated on the Lakes Golf course. Bright end unit with 2 master suites and views of the golf course. Both with large decks to truly enjoy the morning and afternoon sun. Enjoy all the amenities Gainey ranch has to offer. New ''state of the art'' Gainey Ranch Estate club with everything from tennis and pickle ball to a spacious work out facility. Close to shopping at the Gainey Village and walking to the Hyatt Hotel! Gainey Ranch offers an array of amenities, including tennis, pickleball, a fitness center, community pool and optional membership to the Gainey Ranch Golf Club. Enjoy top-tier shopping, dining, and entertainment just minutes from your doorstep.

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