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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10994 N 123rd Street Scottsdale, AZ 85259

$1,275,000
4 Beds
3 Baths
3,094 SqFt
Status Active Under Contract
MLS # 6769709
Property Type Single Family Residence
Price Type --
NORTH SCOTTSDALE DOWN-TO-THE-STUDS LUXURY REMODEL BY LICENSED SUBS! NOW PRICED $175,000 UNDER OCT '24 APPRAISAL! ENTER INTO THE 400' GREAT ROOM, SOARING 14' CEILINGS FOR HOSTING! FULL-WALL GLASS DOORS OFFER INDOOR-OUTDOOR LIVING! ENJOY MOUNTAIN & CITY LIGHT VIEWS FROM THIS ELEVATED LOT, NAOS OPEN SPACE FRONT & REAR! REAR PATIO HAS COMMERCIAL MISTERS & SUNSHADES FOR YEAR-ROUND USE! ENJOY SUNRISES OVER MORNING COFFEE FROM FRONT PATIO! Elevation & natural desert terrain provide cooler evenings. 4BR/3BA, 2 ensuite. Split floorplan. Primary BR has patio entry, sitting area, F/P. Spa-bath: soaking tub, oversize shower, Classy closet. Chef's kitchen: Island, breakfast area, 2 pantries, LED lights, Wine cabinet. Formal DR/LR. New Low E windows, 2 New AC units. Oversize 3-car garage. MUST SEE!

7760 E Carefree Drive Carefree, AZ 85377

$1,275,000
3 Beds
3 Baths
3,052 SqFt
Status Active
MLS # 6704258
Property Type Single Family Residence
Price Type --
Perfect Carefree home on a large interior corner lot with private back yard, views of Black Mountain and a large multi-level patio / pool area. Solid block construction on this Single Level light and airy updated home. Nicely appointed interior with kitchen and baths updated in 2015. New floors and paint throughout (2024). Kitchen has Granite Counter Tops, Undermount Chef's sink, Stainless Steel Dual Ovens and electric cooktop. Two large en-suite bedrooms, plus a third guest room. Spacious area off of kitchen can be used as a den or sitting area. Large pool recently updated and resurfaced with pebble tec. Quiet neighborhood is only ½ mile from town with easy access to grocery stores, restaurants, golf, and hiking trails.

5770 E Roundup Street Apache Junction, AZ 85119

$1,275,000
4 Beds
4.5 Baths
3,616 SqFt
Status Active
MLS # 6696539
Property Type Single Family Residence
Price Type --
NEW ADJUSTED PRICE on this amazing fully renovated custom home in Apache Junction with acreage, no HOA, breathtaking views of the Superstition Mountains, sweeping views of the Valley below, a massive 2400sf masonry temperature controlled outbuilding with RV garage, workshop and an attached 1-bedroom casita with kitchenette, bath and laundry. With Flat Iron as its towering backdrop, the main home was taken down to its exterior studs and completely reimagined with new floor plan, all new electrical, plumbing, hvac units and ductwork, windows, doors, finishes and fixtures. The main level has an expansive great room with defined living, dining, kitchen with breakfast nook, laundry room, guest bath, primary suite with soaking tub, walk-in shower with glass enclosure, his and her closets, and private entrance to the rear yard and patio deck. There is also an additional bedroom off the great room with amazing Valley views. The Chef's kitchen features an oversized waterfall central island with tons of storage cabinets and drawers, quartz counters and backsplash, and stainless appliances including two ovens and walk-in pantry. The second level has another family room/kid zone, two large bedrooms with walk-in closets, a full bath and half bath for guests, as well as a large laundry room with sink and a large utility/storage room. Two-car, insulated garage with direct access to the home - and a separate room with built-in dog wash/grooming station. A block fence was added to the entire property with pedestrian and RV gates to the back yard with plenty of room to create an entertainer's paradise with a pool and whatever else your imagination dreams up. The lot has been leveled and graded for your toys or bring your horses and enjoy ranch living. So many options with this property - enjoy the fruits of this Seller's labors and move right in!

4226 E Coconino Place Chandler, AZ 85249

$1,275,000
5 Beds
4.5 Baths
3,891 SqFt
Status Active
MLS # 6742096
Property Type Single Family Residence
Price Type --
Welcome to 4426 East Coconino Place, nestled in the sought-after gated Canopy community in Chandler. As you enter this Tri Pointe neighborhood, you're greeted by the peaceful ambiance of lush greenery, expansive outdoor spaces, oversized ramadas, playground, built-in barbecues, a cozy fireplace, and comfortable seating. Residents can even reserve raised garden beds to grow their own vegetables! This upgraded home features 5 bedrooms, 4.5 baths, and a versatile flex room, offering everything you could want. Upon entry, you'll be impressed by the 10-foot ceilings and the 12-foot panoramic Arcadia door that frames a stunning view of the backyard. The Pebble Tech heated pool includes a Baja deck and built-in spa, while the backyard is elegantly designed with travertine, artificial turf line the backyard for a clean and sheik appearance. Relax in your own retreat with the extended 5' covered patio, built in BBQ with cooler, fridge and waste compartment. The kitchen is perfect for entertainment with an oversized island, double ovens, 36 gas cooktop, vented hood and spacious walk-in pantry. A clean modern look is presented with warm frosted Harbor Kitchen 42 upper cabinets, black hardware and granite countertops. Downstairs you'll find one of the two en-suite bedrooms which is split from the other bedrooms, making it a perfect guest retreat. Secondary en-suite is located upstairs. The laundry room is conveniently upstairs with additional bedrooms and provides ample storage with additional cabinets and shelving. The flex-room/loft includes barn door allowing for privacy. Oversized 4 car tandem garage has 10' ceilings, allowing for the perfect place to park your vehicles and toys! Tankless gas water heater, owned water softener, and RO system. 8x40 wood-like tile throughout main living areas downstairs and 2 blinds throughout. Primary bedroom and family room are oversized with 5' extension. Meticulously cared for by its original owners. This home boasts true pride of ownership. It's true resort style living! A must see today!!

3939 S Veronica Lane Gold Canyon, AZ 85118

$1,275,000 - 4Br/3Ba -  for Sale in Montana Dorada, Gold Canyon
Open House
$1,275,000
4 Beds
3 Baths
2,989 SqFt
Status Active
MLS # 6759829
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 and iconic views of the Superstition Mountains. Over 5000 sf under roof and 2989 livable. Large patios in both the front and back. Complete with 4 bedrooms, 3 bathrooms, large island, beverage bar, and a butler's pantry. Sitting on almost a 16,000-sf lot complimented by an amazing view of the 9th hole at Dinasaur Mountain Golf Course. This split floorplan offers a large owners' suite and private entrance to an oversized covered patio. Guests can enjoy a beautiful ensuite with a private entry complete with a beautiful view of the golf course pond and 9th hole putting green. Designed with earthy organic neutral accents. Enjoy the beautiful pond and golf course views from the large glass sliding backdoor, owner's suite, guest suite, and even the kitchen island. The neutral earthy design throughout featuring wood, gold, copper, and black accents were inspired by the Arizona Desert and were carefully chosen to suit any style. The large yard is a perfect place to design a backyard oasis with some of the most sensational views in Arizona. The developers are offering a $25,000 buyers credit for rate buy down and custom master closet build out. The boutique community of Montana Dorada is situated perfectly in Gold Canyon. With hilly paved roads and quick access to the 60 freeway. Enjoy unparalleled views of the majestic Arizona mountains, sensational sunrise, and sunsets, combined with timeless modern living.

7635 E Camino Vivaz -- Scottsdale, AZ 85255

$1,275,000 - 3Br/3Ba -  for Sale in Paseo At Pinnacle Peak, Scottsdale
Open House
$1,275,000
3 Beds
3 Baths
2,220 SqFt
Status Active
MLS # 6752515
Property Type Single Family Residence
Price Type --
Newest home built in this private gated North Scottsdale community. No expense was spared on upgrades for this 3 bed, +den, 3 bath home with open floor plan. From the soaring 12 ft ceilings, to the gourmet Custom Chefs kitchen which has top of line GE Monogram appliances, double stacked custom cabinets, and waterfall countertops! Your spacious great room has natural light flooding in, along with gorgeous mountain views in the back yard. It is the perfect place to entertain guests! All of the bathrooms throughout the home have floor to ceiling upgraded tile showers, cabinets and granite counters to match! This smart home comes equipped with a Ring doorbell, alarm system, smart front door lock, thermostats, water flow monitoring system and you can open your garage door all from a simple app on your phone anywhere. Plus, your 2-car garage is epoxy coated and has an existing outlet for Electric Vehicle charging! Your new home also features beautiful front and backyard landscaping with automatic drip system and synthetic grass in the backyard. Close to the high end shopping, dining & events that North Scottsdale has to offer and only a short distance to numerous golf courses and easy access to hiking trails.Don't miss out on this fantastic home!

20970 E Stacey Road Queen Creek, AZ 85142

$1,274,900
4 Beds
3.5 Baths
3,351 SqFt
Status Active
MLS # 6776053
Property Type Single Family Residence
Price Type --
Welcome to your dream home! Nestled in Bellero, this stunning contemporary residence combines modern elegance with ultimate comfort. Key Features: Stunning Curb Appeal, Open-Concept Living: Step inside to an expansive open floor plan featuring high ceilings and tile plank floors. The spacious living area flows seamlessly into the gourmet kitchen, equipped with top-of-the-line stainless appliances, and HUGE center island with quartz countertops. Elegant Dining Experience. Luxurious Master Suite, 3 Versatile Bedrooms. Casita with separate entrance. Massive RV garage. 4 car attached Garage. Outdoor Oasis with pool, Built in BBQ and amazing entertaining space. Prime Location:Situated in a sought-after neighborhood, this property is just minutes away from top-rated schools, shopping, dining.

5671 N 208th Lane Buckeye, AZ 85396

$1,274,574
3 Beds
3.5 Baths
3,381 SqFt
Status Active
MLS # 6779831
Property Type Single Family Residence
Price Type --
This home offers a large private homesite with mountain views from your private backyard. There is a 16' sliding glass door at the family room to the outdoor living space. There is also a private interior courtyard bringing additional natural light into the home. The kitchen island is huge and perfect for entertaining or cooking for the holidays. The family room, kitchen and owner's retreat all have gorgeous tray ceilings. This home has it all. 2X6 CONSTRUCTION; EXTENSIVE NEW HOME WARRANTY; See you soon

895 W Tyson Street Chandler, AZ 85225

$1,274,000
4 Beds
3 Baths
2,714 SqFt
Status Active
MLS # 6736767
Property Type Single Family Residence
Price Type --
Step into a one-of-a-kind retreat, set on an expansive lot with lush, park-like real grass lawns in both the front and back, where privacy is paramount—no neighbors in sight, sound, or reach! This stunning 4-bedroom home, plus a Casita, offers endless space for relaxation and entertainment, with no HOA restrictions. Its worth the come see and further information is located in More and under the Document tab. The home boasts 19 feet of gorgeous Anderson windows across the front, flooding the interior with natural light, and a freshly painted exterior. Experience year-round comfort with a brand new 21 SEER AC and a heated spa and poolperfect for unwinding or hosting unforgettable gatherings. Looking for something truly unique? You'll love the stone chimneys with 3 gas fireplaces, including one in the kitchenyes, a cozy kitchen fireplace in Arizona! The open-concept layout is designed for entertaining, with a living room, modern glass railings, and original built-ins that add a vintage touch to the modern upgrades. Every bedroom features a walk-in closet with custom shelving and shoe racks, ensuring ample storage. The extended air-conditioned garage is perfect for large trucks, the garage doors are to the side, so the front is free and there's a separate workshop for your projects. The Casita provides a fun space for guests or family staycations and even some additional income. (not incl in sq ft) Outdoors, you'll discover a mini orchard with fruit trees, including pecan, orange, lemon, almond, pomegranate, and two green apple treesa true garden sanctuary. As the sun sets, the home takes on a magical ambiance, glowing with warmth and inviting energy. This property combines modern amenities like a full home water filtration system, tankless water heater, central air vacuum, and more, with mid-century charm, designed by Tibshraeny, to create a sophisticated yet comfortable living experience. Don't waitthis earthy, modernist home with timeless appeal is calling you. Come see for yourself why this Arizona oasis is the perfect home! -Extended length and Air Conditioned Garage -Extra large driveway with turn about - plus space for a boat or small RV - Garage cabinets - additional inside storage and shelving - New lighting, new garage door motor - Fridges 2 big ones and 2 little ones - 4 Mini splits - kitchen, garage, back bedroom, and Casita - Casita sq ft is not included in home size of 2714sqft - Home has central vac system - Large front patio to host - Original front door, solid from 1960 - Block home with South and east sides being insulation and radiant barrier then wood batten - 21 seer York AC and new air handler - Whole home water filtration - Tankless with hot water recirculation - New Gas meter - New 2phase pool pump with heater to spa as well - 4 electric boxes, main, workshop, casita, and one in garage - 2 Equator Washer/dryers - single unit for Casita and one for home - Casita conveys as shown - ready to rent - king bed, outside furniture, linens, micro, coffee pot, TV, as you see it - Casita has new tile flooring, shower door and water heater moved outside - with pad raised ready to build outward and upward - Home furniture would be included if its the right price, jukebox and art work do not convey - but outside patio furniture, inside beds, TV's, Dining room buffet - table chairs - all of it - Primary bedroom has Warmly floor heating - all new plumbing, white bathroom dresser all convey - 2 bathrooms are Toto and other is Swiss Madison - 4th bedrooom, wall bookcase is attached and stays - Family room steel glass desk can stay - or it can be removed - If removed you would have three fireplaces one in the kitchen, the TV family area and one in the front living room - Kitchen base cabinets are 1960's with honed Quartz on tops - the bases are one of a kind with strong pullouts and shelving - 19ft of Anderson windows in the front - Krasiva windows for the other 11 and 2 sliding doors, then 3 Jen Wen sliders to enclose the sun/gym room - Gym equipment can stay - All inside doors (11) have been replaced by Sarto doors and Frames imported from Italy and hardware from Germany - We would like one of the outside table and chairs, whichever, orange is our favourite - then there is the white and small black - Chop saw and spray painter unit they go - a gift from my hubby - But blowers, whippers, lawn mowers they all stay - Of the 6 shovels I will take one and one rake - hoses all stay - Taxes are very reasonable annual $2,100. for 17,322 sq ft lot - Water bills for large lots can be upward of $600.00 a month - This property has SRP flood irrigation, at $190. for 2024 year - APS was $353.00 for October and Chandler water for home is $75.00 a month - TMobile for high speed internet $55.00 monthly - Pool maintenance including chemicals is $126.00 a month for weekly service - Home is under one year coverage for you - However I do have contractor names if you want them - Questions just have your agent reach out to me 🙂

1538 E Amber Ridge Way Phoenix, AZ 85048

$1,270,000
4 Beds
3 Baths
3,618 SqFt
Status Active
MLS # 6726243
Property Type Single Family Residence
Price Type --
Situated on a PRIME cul-de-sac, this spectacular haven will leave you breathless! This beauty, with a 3-car garage with attached cabinets for great storage, paver driveway, and attractive curb appeal, invites you to discover more. Enter through the custom double doors to be awed by the HUGE living & dining room with a bay window and desirable great room complemented by a fireplace, wet bar, and a French door to the back patio. Highlights include stylish light fixtures, soaring vaulted ceilings, and plantation shutters. The open kitchen showcases a plethora of cabinets & cupboards, mosaic backsplash, an island, granite counters, a breakfast bar, a pantry, and top-of-the-line stainless steel appliances such as wall ovens, wine cooler, and electric cooktop. The breakfast nook adjacent to the kitchen is surrounded by windows which provide ample light! Owner's retreat is downstairs for convenience, boasting plush carpet, direct outdoor access, pre-wired surround sound, sunny bayed window sitting area, a walk-in closet, and a lavish ensuite comprised of two vanities and a jetted tub. PLUS! Flexible bonus room with balcony access is perfect for a media room. Stunning backyard is a true gem! A covered patio, gazebo with built-in BBQ, basketball hoop, volleyball court, and an enticing pool & spa with rock waterfall complete this paradise. You'll definitely love this luxurious lifestyle! Don't miss it!

4210 E Desert Vis Trail Cave Creek, AZ 85331

$1,269,999 - 4Br/4Ba -  for Sale in Saguaro Trails, Cave Creek
Open House
$1,269,999
4 Beds
3.5 Baths
3,558 SqFt
Status Active
MLS # 6614047
Property Type Single Family Residence
Price Type --
Homesite 1-SpurCross-This home includes the multi-generational living with the great room and bedroom 2 suite. Complete with a kitchenette featuring an eat-in kitchen island and washer/dryer/fridge hook ups and walk in shower in lieu of tub/shower, it's a private apartment within the home. Other options included in this price are vaulted ceilings with beams, exterior stone, laundry room sink, 15' multi-slide doors in great room, and bbq gas preplumb. The upgraded finishes include hardwood flooring, quartz countertops, upgraded cabinets, and bathroom surrounds. Upgraded kitchen appliances include double ovens, built in microwave, chimney hood, and 36'' cooktop.

9197 W Molly Lane Peoria, AZ 85383

$1,269,900
4 Beds
3 Baths
3,799 SqFt
Status Active
MLS # 6776781
Property Type Single Family Residence
Price Type --
Located in the highly sought after community of Cibola Vista, this home offers resort-style living situated on your half an acre lot! With tall ceilings and large windows all throughout the house, you have beautiful natural sunlight to enjoy your private oasis. A true chef's kitchen with high-end appliances perfect for entertaining or home cooked meals. Out back you are greeted with a huge covered patio with outdoor speakers and surround sound, a sparkling pool with an oversized baja shelf for lounging and built-in outdoor kitchen perfect for summer parties and outdoor living! A 3 car garage with epoxy flooring for all of your toys. Whether you're envisioning a detached casita, an RV garage, or a private garden sanctuary, the possibilities are endless on this large lot with an RV gate!

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