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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5431 E Pinchot Avenue Phoenix, AZ 85018

$1,295,000
4 Beds
3 Baths
2,508 SqFt
Status Active Under Contract
MLS # 6775604
Property Type Single Family Residence
Price Type --
This darling cottage style home is the epitome of Arcadia Osborn with charming curb appeal, living spaces full of personality, and a yard that's great for kids and adults alike. The open floor plan is loaded with character, and natural sunlight fills every space. The island kitchen has pristine white cabinetry, stainless steel appliances and marble countertops which is exactly what buyers are looking for. The family room is a wonderful space, there's a separate den that can easily double as a playroom, the formal dining room is lovely, the primary suite is beautiful, and the primary bath has fantastic designer accents. Outside is home to a spacious covered patio, great looking pool and a large grassy yard. Enjoy a cool evening sitting around the firepit. (see more) There's even a free standing air conditioned structure that would make for an impressive home gym, painter's studio or office. Located in an excellent neighborhood, this special residence works for a growing family, a single, and empty nesters alike. Simply put, it's perfect!

9220 E Whitethorn Circle Scottsdale, AZ 85266

$1,295,000
3 Beds
3 Baths
2,672 SqFt
Status Active
MLS # 6777879
Property Type Townhouse
Price Type --
Experience unparalleled luxury & a sophisticated lifestyle at The Boulders Resort & Spa. Situated on a coveted golf course lot & set back from the 18th Fairway, this stunning FULLY FURNISHED, TURNKEY villa is a rare gem that combines elegance, comfort & the warmth of home. Whether you're looking for a primary residence, a vacation getaway, or an investment property w/ current residential income potential, this beautifully appointed residence offers the perfect sanctuary for relaxation, entertaining and creating unforgettable memories. Your villa comes tastefully outfitted w/ everything needed to unwind, including ALL furnishings, artwork, linens & household items. Luxurious features & finishes include a gourmet kitchen, an open-concept great room showcasing soaring ceilings w/ vega beams, walls of windows & a gas fireplace. 3BR's/3BA's (two are primary suites) provide spa-like ensuites. The outdoor living area includes a covered patio, outdoor dining space, and a second level sun deck, perfect for taking in the beautiful Arizona sunsets. Enjoy exclusive access to The Boulders Resort amenities, including the enclave's private community pool, golf courses, spa services, dining, and trails. Don't miss the opportunity to make this stunning villa your own!

1702 E Cliff Rose Drive Payson, AZ 85541

$1,295,000
5 Beds
4 Baths
3,060 SqFt
Status Active
MLS # 6779325
Property Type Single Family Residence
Price Type --
Custom Modern Mountain Home less than 2 years old with Epic Views, Tall Pines, Privacy on 1 Acre in Chaparral Pines. Entertain in the Great Room with Vaulted Ceilings, Big Beams, Linear Gas FP w Stone and Metal. Feast in the Chefs Kitchen with Maple Cabinets, Quartz Counters, 48'' Gas Range, 2 Ovens and a Huge Built In Fridge. The Primary Bed has Views and a FP to keep you Cozy on Cool Nights. The Primary Bath has a Spa Vibe with 2'x4' tile, Quartz Counters, Big Tub + Shower w 2 Valves and Bench. The Back Deck is Private and Peaceful with Pines and Views. Downstairs has 2 King BRs, Family Room, Kitchenette and Full Bath. Load you Cars, Trucks, Golf Carts, Razors in the 3 Car Garage. Enjoy the Country Club Lifestyle at Chaparral Pines and The Rim Golf Club. Please Check it out Today !

20240 E Calle De Flores -- Queen Creek, AZ 85142

$1,295,000 - 5Br/4Ba -  for Sale in Montelena, Queen Creek
New
$1,295,000
5 Beds
3.5 Baths
5,195 SqFt
Status Active
MLS # 6781422
Property Type Single Family Residence
Price Type --
This exquisite 5-bedroom, 3-bathroom estate epitomizes luxury living. The open concept design seamlessly blends spacious living areas, accentuated by a gourmet kitchen featuring granite countertops, white custom cabinets, and top-of-the-line stainless steel appliances, including a huge double island perfect for entertaining. The entire home has been remodeled with a designer's style, ensuring every detail exudes elegance and sophistication. The main bedroom is a serene retreat, boasting a separate sitting room and private balcony. The expansive en suite bathroom offers a separate soaking tub and shower, dual sinks, and connects to a private laundry room and gym, all designed with high-end finishes. A MUST see to appreciate

3014 E Winchcomb Drive Phoenix, AZ 85032

$1,294,900
4 Beds
3 Baths
3,272 SqFt
Status Active
MLS # 6742731
Property Type Single Family Residence
Price Type --
A rare opportunity in the Cimarron Manor community. this beautifully appointed custom home with No HOA on over a 1/4 acre lot, and close to Scottsdale, 51 & 101 Freeways, Camelback Corridor, Downtown Phoenix, Central Corridor, and minutes to the airport. 4 bedroom 3 bath home. In 2022 replaced roof, solar panel system, remodeled pool, pool heater, repainted, new flooring, putting green, exterior paint., and LG Fridge. There is an 80 gallon water heater, soft water & filtration system. In primary bedroom, there is a gorgeous walk in closet, Steam Shower, and Toto Toilet. Full wet Bar. Backyard and a sizeable grassy lawn, and does the front yard. Plenty of space to entertain both inside and out. You do not want to miss this one. Can sell as fully furnished as well.

3756 E Galvin Street Cave Creek, AZ 85331

$1,294,000
3 Beds
3 Baths
3,861 SqFt
Status Active
MLS # 6673322
Property Type Single Family Residence
Price Type --
Magnificent mountain views, high ceilings and tasteful finishes greet you upon entering this meticulously maintained and very spacious home with north/south exposure, new interior and exterior paint and a fabulous backyard. Enjoy privacy and gorgeous sunsets. Approach from a circular drive, then through a formal entry that invites you into a large comfortable great room with gas fireplace and access to the backyard. The dining area is open to the large kitchen with its cherry cabinets, granite countertops, gas cooktop and island. Relax in your master suite (20x20), large bathroom & huge closet. The office is perfect for a work from home lifestyle and has custom dual desk cabinetry. See the big bonus room for workouts, TV, toys, billiards, and the laundry room has loads of storage. The resort like backyard with travertine pavers boasts beautiful mountain views, play pool with water feature, built-in gas BBQ, gas firepit and new artificial grass! Owned Solar is the icing on the cake!

10803 E La Junta Road Scottsdale, AZ 85255

$1,294,000
3 Beds
3.5 Baths
3,543 SqFt
Status Active
MLS # 6675156
Property Type Single Family Residence
Price Type --
Perfectly sized paired home for the lock and leave lifestyle in the gated community of Tusayan which is nestled at the base of Troon Mountain. The home features a front courtyard with brick pavers, water fountain, access to the attached casita, and entry to the main house. The home has been updated with new kitchen including Miele appliances (induction cooktop, convection and steam ovens, dishwashers, microwave and beverage center) along with smart home technology that controls the new interior lights, landscape lighting, irrigation system, garage opener, water heater, sound system, HVAC and exterior door locks. The open floor plan provides the perfect spaces for entertaining and dining and also includes a separate office, bonus room, powder bath, owners suite, guest bedroom with bath, laundry room and two car garage. Enjoy spending time on the back patio with sunset and mountain views, built-in BBQ, new landscaping, herb garden and plenty of area for lounging and living the Arizona lifestyle. Tusayan has a community pool and spa with close proximity to hiking trails, outdoor activities and Troon Country Club.

27722 E Mount Ord Drive Fort Mcdowell, AZ 85264

$1,290,000
3 Beds
2.5 Baths
3,083 SqFt
Status Active
MLS # 6707788
Property Type Single Family Residence
Price Type --
Welcome to this stunning southwestern home in Sunflower, AZ, offering the perfect blend of comfort & luxury. Nestled in a private gated community, this property boasts breathtaking mountain views and enjoys the great climate of Sunflower. This home features 3 bedrooms, 2.5 bathrooms, a bonus room, providing ample space for relaxation. The open-concept living area is perfect for hosting gatherings, while the wellappointed kitchen, complete with modern appliances and a spacious island. Two additional improved lots are available. Outside the property spans 1.82 acres. Solar Electrical System, Community well, whole home off grid.

9255 W Buckskin Trail Peoria, AZ 85383

$1,290,000
4 Beds
3.5 Baths
4,089 SqFt
Status Active
MLS # 6708890
Property Type Single Family Residence
Price Type --
Welcome to your custom retreat on 1.2 acres in Peoria, ideally located near Lake Pleasant and featuring an impressive 1900 SF RV/Boat Garage. This home offers 4 bedrooms and 3.5 bathrooms, providing ample room for your multi-generations. The gourmet kitchen is a chef's delight, equipped with high-end appliances and finishes, and flows seamlessly into a great room with a breakfast bar, cozy breakfast nook, and formal dining area. Entertain effortlessly in the indoor/outdoor living spaces, which include a putting green, basketball hoop, covered patio, BBQ area, spa, and a sparkling pool that invites relaxation and enjoyment. The spacious layout also features a large workout room with an adjoining steam room, perfect for maintaining your fitness routine. For those who need extra storage or workspace, the property includes a 1900 SF detached RV garage with a large garage doors, one for your RV and the other to store your beautiful boat to take to Lake Pleasant. This garage has ample storage, a workshop, and can accommodate up to 4 additional cars, making it ideal for car collectors or hobbyists. Don't miss the opportunity to own this exceptional property that combines luxury, functionality, and ample space for all your needs.

1725 S Beverly Court Chandler, AZ 85286

$1,290,000
4 Beds
3.5 Baths
4,085 SqFt
Status Active Under Contract
MLS # 6717996
Property Type Single Family Residence
Price Type --
Welcome Home, This Beautiful Custom Tuscan Home is on a cul de sac in the quiet gated community of Eden Estates, near the convenient location of the 101 and San Tan 202 intersection. This split floorplan is nice and open with the Master Bedroom and office on one side and The other 3 bedrooms include two that share a jack-and-jill bath, and the fourth has a private ensuite bath and entry. Highly upgraded with wood floors, coffered ceilings and custom built ins. Entertaining areas of the home are ideally situated and wrap around a lush backyard ready for your guests. A pebble tech diving pool, built-in BBQ, firepit, grassy area, and paver patio finish off this marvelous Chandler find. A must see home.

9344 E Via De Vaquero Drive Scottsdale, AZ 85255

$1,290,000 - 3Br/3Ba -  for Sale in Dc Ranch Parcel 1.13, Scottsdale
Open House
$1,290,000
3 Beds
3 Baths
2,769 SqFt
Status Active
MLS # 6727480
Property Type Single Family Residence
Price Type --
Located in the highly sought-after DC Ranch community, this move-in ready Terraces West home offers 3 bedrooms, 2.5 baths, with the master bedroom conveniently on the ground floor. The open floor plan, complete with separate living, dining, and family rooms, is perfect for entertaining. Situated on a north/south cul-de-sac lot with no homes across the street, this home provides stunning views of the McDowell Mountains. If you're looking for a DC Ranch property in The Terraces, this is the perfect opportunity to make it yours!

1404 Hand Cart Trail Lakeside, AZ 85929

$1,290,000
4 Beds
4.5 Baths
3,580 SqFt
Status Active Under Contract
MLS # 6731201
Property Type Single Family Residence
Price Type --
Imagine a furnished - turn-key home where the serenity of nature meets modern luxury, where every detail is meticulously crafted for comfort and style. The journey begins on a welcoming front porch, framed by stone accents and a view of towering pines. Step inside to an open foyer that leads to an expansive great room, where flowing hardwood floors add warmth to the space. An antique commercial refrigerator, repurposed for wine storage, stands ready for entertaining! The living space invites relaxation with custom window treatments and a rock fireplace, wood with an insert for efficiency, complemented by 10-foot ceilings adorned with skylights and recessed lighting. A massive sliding door opens to the back deck, offering a breathtaking view of the forested yard. READ MORE Surround sound speakers set the stage for memorable gatherings, while the kitchen beckons with its ample island seating around a stunning butcher block island. Custom cabinetry reaches towards the ceiling, finished with crown molding and a glass-top display area. A custom hood, tile backsplash, and a pot filler above a chef's gourmet gas range make cooking a delight, supported by side spice storage and generous granite countertops. The built-in pantry and refrigerator area boast upgraded stainless steel appliances, and a huge walk-in pantry provides ample storage. An inviting large dining area features a beautiful corner nook with views of the property plus an additional dining area at the front of the home if desired. This home has central A/C which ensures comfort in the master and main living areas. The oversized primary suite is a sanctuary, with a layout perfect for a sitting area surrounded by windows framing the property. Dual vanities with custom cabinets, recessed sinks, and an elegant design accompany a sunken jetted soaker tub and an oversized custom tile shower with a sitting bench and niches. The walk-in closet is the epitome of organization, with custom shelving and drawers. Guests are treated to private dual suites with upgraded features and shower surrounds, deck access, and an additional room that can serve as an office or flex space. A full bath on the main floor impresses with a tile shower. The BONUS LOFT space is amazing for entertaining, office or play room with built-in bunks awaits visitors and extends the family living area. This home has 2 laundry areas with 2 washers and 2 dryers to help with the that lovely necessary chore. 🙂 The beautiful grass lawn has sprinkers throughout. The attached oversized two-car garage offers ample storage and direct entry to the home, and an extended height crawl space with a cemented floor provides additional storage solutions. For the enthusiast, a four-car detached garage with 14 foot roll-up doors, concrete floors, and 14 + foot ceilings is a workshop or mechanic's dream with a 1/2 bath and huge wood burning stove to keep it toasty in the winters. This home is not just a living space; it's a statement of elegance and functionality, nestled in the heart of nature's beauty with a 'private' well for endless water. FULLY FURNISHED - turn key.... (nothing in the garage or workshop conveys though) Imagine living in the White Mountains of Arizona where you have 4 beautiful seasons and where you can breathe in the fresh mountain air and enjoy the 40 lakes and over 600 miles of rivers and streams. In addition to the amazing fishing, this area has one of the most extensive trail systems in the southwest for hiking, biking, horseback riding, quadding and more. Sunrise Ski Resort is also just 40 minutes away with 3 beautiful mountains to ski, snow board or sled. If shopping is your interest, you will love the antique stores and the multitude of arts and craft shows that happen in the summer. The music festivals have something to fit everyone's enjoyment. Do you love to golf? There are 7 amazing golf courses, 3 that are public. The White Mountains, where this home/cabin is the best kept secret of Arizona! Come and explore and enhance your living! Pinetop-Lakeside was also voted 'Best Cabin Region in the U.S... Embrace the MAGIC!

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