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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16637 W La Reata Avenue Goodyear, AZ 85395

$1,249,900 - 3Br/4Ba -  for Sale in Pebble Creek Phase 2 Unit 60, Goodyear
Open House
$1,249,900
3 Beds
3.5 Baths
3,170 SqFt
Status Active
MLS # 6727946
Property Type Single Family Residence
Price Type --
Privacy & Beauty define this home in a unique extra large cul-de-sac corner lot in the 55+ community of Pebble Creek! As you arrive, immediately standing out is the paved driveway and Iron entry door. As you enter the home you'll notice the 12' ceiling that give the Great Room an elegant feel along with the multi-slide pocket door that opens for indoor/outdoor living. Chefs kitchen with double oven, upgraded appliances, butlers pantry and & extra large island. Upgraded cabinets with uppers, unique cabinet hardware and quartz countertops through out. The master bathroom has been extended out 4' to allow a separate shower/bath in addition to more vanity space and more walk-in closet room. The home has so many added upgrades. Please look under attached documents! THIS HOME IS A MUST SEE!!

12061 W Miner Trail Peoria, AZ 85383

$1,249,500
5 Beds
4 Baths
4,824 SqFt
Status Active
MLS # 6690684
Property Type Single Family Residence
Price Type --
This luxury home provides the perfect blend of gated community living, a large corner lot with resort style backyard retreat and expansive square footage for the business owner, entertainers and multi-generational living. Located conveniently off the 303 in the Village of Vistancia, this T.W. Lewis 4,824 sqft single story basement home features four bedrooms with a large master suite, a cook's kitchen with high end appliances and a large granite island, a family-room with big screen TV and gas fireplace, an impressive professional home office with a built-in desk and cabinets and formal living and dining rooms. On the basement level, owners will enjoy space for a large home theater or entertainment area, a snack bar, butler's pantry and two lower-level bedrooms - an escape from the summer heat! An expansive garage with classic paver driveway welcomes parking for three cars in addition to the extended three-car garage, features a newly added Guardian aspartic floor and a dedicated 50-amp EV charging outlet. Step right outside your back door to enjoy your private oasis - free form pool, a large, covered deck with a misting system and two seating areas, a custom BBQ bar, a stone fireplace relaxation area and newly installed putting green. Technology abounds with high-speed fiber optic Internet access, wired Ethernet ports, a home intercom system, multi area sound system and a home security system.

5250 E Deer Valley Drive Unit 406 Phoenix, AZ 85054

$1,249,000
2 Beds
2.5 Baths
1,778 SqFt
Status Active
MLS # 6761328
Property Type Apartment
Price Type --
Upgrades galore in this fabulous 4th floor, full pool view condo at the The Luxe at Desert Ridge. Experience refined living in this luxury community. Exclusive clubhouse, meeting spaces, and entertaining kitchen. Relax in the theatre, stay fit in the 4400 sf gym, or swim in the Olympic-length pool. Just minutes from the Mayo Clinic, Scottsdale Quarter, Kierland Commons, and High Street with easy freeway access to the airport, downtown, and surrounding areas. Washer & Dryer convey. Light fixture in Guest Bedroom does not convey.

7755 E Evening Glow Drive Scottsdale, AZ 85266

$1,249,000
3 Beds
3.5 Baths
2,736 SqFt
Status Active
MLS # 6753642
Property Type Single Family Residence
Price Type --
Elegant Desert Sanctuary in Winfield's Guard-Gated Community! Discover Desert living at its finest in this exceptional 3 bed, 3.5 bath, 3 car-garage home located within the prestigious guard-gated Winfield community in North Scottsdale and situated on a private cul-de-sac lot with gorgeous Mountain Views. This stunning residence seamlessly blends Southwest elegance with modern comforts such as two separate den/offices, making this the perfect ''work from home'' situation. As you step inside, be welcomed by soaring ceilings and a cozy gas fireplace anchoring the expansive living area. A custom wall featuring Italian Limestone with an integrated surround sound Control 4 TV system to elevate the space and all highlighted by energy-efficient LED lighting throughout. The gourmet kitchen is a chef's dream, featuring an electric range, custom cabinetry and a generous island perfect for meal prep and casual dining. The dining area, framed by expansive windows offers stunning desert views for a serene dining experience. The luxurious Master suite serves as your private retreat, complete with a walk-in closet, a spa-inspired en-suite bathroom with a soaking tub and a glass-enclosed shower. Both additional bedrooms are en-suite, offering privacy and comfort for family and guests, making this home ideal for those who appreciate their own private spaces. Step outside to your private desert oasis that boasts a spool, built-in grill, and covered patios extending from both the living area and master suite. This outdoor space, with front and back views of the serene Sonoran Desert is perfect for both tranquil mornings and starlit evenings. Practical mechanicals include a newer AC system, soft water filtration, a newer water heater, and a recently replaced garage door. The three-car garage is equipped with cabinets, a workshop area and a mobile AC unit in the third bay. The washer/dryer and garage refrigerator are all included, adding convenience for the new homeowner. Additional highlights included in this immaculately cared for gem are a freshly painted exterior, new toilets throughout, new ceiling fans, a half-bath in the hall and a convenient laundry sink. All these details come together in a residence that offers luxury, comfort, and functionality in one of Scottsdale's most coveted communities. Gently lived in and immaculately cared for this home is a true lock & leave making it the perfect Winter retreat or super easy day to day living. Ideally located to North Scottsdale's finest restaurants & shopping!

1484 Creekview -- Prescott, AZ 86305

$1,249,000
3 Beds
4 Baths
3,040 SqFt
Status Active
MLS # 6776198
Property Type Single Family Residence
Price Type --
Discover luxury living at its finest in this exquisite single-level home, perched in the prestigious Southview community & offering breathtaking views of the Granite Dells & the National Forest. This highly desirable Santa Fe-style residence, with extensive upgrades & a spacious 3+ car garage, is ready for you to make it your own. From the moment you step inside, you'll be captivated by the soaring ceilings & a wall of windows that frame the stunning, sweeping views. Designed for entertaining, the gourmet kitchen features a gas cooktop, two full-size ovens, rich wood cabinetry, granite countertops, & a center island with a breakfast bar. A generously sized walk-in pantry adds ample storage space. The unique dining room, featuring a pergola-style surround, is perfect for entertaining. In addition to this elegant space, the home offers a breakfast bar, a cozy breakfast nook, and an impressive patio with a large Kiva fireplace, providing multiple options for both indoor and outdoor dining experiences. Each bedroom boasts its own ensuite bathroom, ensuring privacy and comfort. The master suite is the epitome of luxury, with a private gas fireplace, access to one of three outdoor patios featuring a serene water feature tucked among the boulders for ultimate privacy. The ensuite bath is equally impressive, featuring a soaking tub, custom tile walk-in shower, dual vanities with vessel sinks, dual walk-in closets, and a skylight that bathes the room in natural light. The 3-car garage comes complete with a workbench and extra storage. This home is filled with high-end finishes and thoughtful details throughout, embodying true luxury. To ensure the panoramic views remain unobstructed, the owners purchased the property in front, preserving this magnificent outlook just for you. With so many features to offer, this exceptional home is best experienced in person to fully appreciate its beauty and the unparalleled vistas.

15522 E Chicory Drive Fountain Hills, AZ 85268

$1,249,000
4 Beds
3 Baths
2,665 SqFt
Status Active
MLS # 6776333
Property Type Single Family Residence
Price Type --
TO BE BUILT Spec Home. All photos are of previously built homes. List of amenities specific to this property in documents tab. Completed home by this builder is available to be shown. Lavish finishes to be installed throughout! Kitchen to include recessed shaker style-stained grade cabinets with stained grade 3-inch-thick wood shelves at beverage center area with custom paneled backsplash. Uppers are 36-inch tall with 15-inch-tall cabinets with glass inserts stacked above. Quartz counters at all tops throughout. Island has waterfall edges to the floor at both ends & granite composite Blanco brand single bowl under mount sink with Delta brand black finish high arching faucet with pull down sprayer & soap dispenser at the sink. Upgraded Bosch brand stainless steel appliance package that includes wall microwave/convection oven combo, induction smooth top cooktop, stainless steel interior dishwasher with hidden controls, stainless hood liner, and a 36-inch side by side fridge. Also will include an under-mount beverage center in the kitchen area. Cabinets have high end soft close hardware on all drawers & doors. Custom 7-inch black or satin nickel hardware pulls on all doors/drawers. Light rail trim molding at underside of kitchen upper cabinets to hide the under-counter LED strip lighting & outlets that are mounted under the uppers to hide from view and keep outlets out of the decorative tiled back splash. 6 foot linear electric fireplace with oversized 36 x 24 inch porcelain tiles on the face and returns. Garage has aluminum flush paneled overhead doors that will have upgraded insulated panels with powder coated finish. Doors will have Wi Fi Lift Master garage door openers. It will also be prewired and piped for a future wall mount mini split HVAC system. Floors are epoxy coated with a full broadcast paint chip finish. AC system includes multiple returns & additional sensors as necessary to balance out the cooling and heating throughout the home. Fully landscaped front & rear yards with generous amounts of plants, bushes, cacti & large rip rap rock for drainage areas. Artificial turf section in backyard. Crushed granite at all areas with an automated timer clock for the watering system. Lighted steps at the front & side walkway to the rear yard with other spot lighting & pathway way lighting included. Concrete pavers used at the driveway, sidewalks, the front entry & back patio. Concrete paver walkway from side of garage to a paver area behind the garage for trash cans & other storage. Silver colored travertine pavers used at back patio.

17617 W Rose Lane Waddell, AZ 85355

$1,249,000
4 Beds
3.5 Baths
3,232 SqFt
Status Active
MLS # 6771061
Property Type Single Family Residence
Price Type --
Stunning Ranch-Style Luxury Home with Horse Rights on 1.5 Acres! Welcome to your dream home, nestled on a sprawling 1.5-acre lot with horse rights and full irrigation. This meticulously crafted home offers 4 bedrooms, 3.5 bathrooms, and a 3-car garage complete with epoxy flooring. As you enter through the custom iron doors, you're greeted by a stunning open-concept layout featuring sleek white ceramic tile flooring throughout. The kitchen is a chef's delight with dark custom cabinets, white quartz countertops, sleek concrete countertops, and elegant gold fixtures. High-end stainless steel appliances, provide added convenience and a touch of luxury. The adjacent spacious laundry room offers extra storage and functionality. Come and visit before is long gone!

5213 W Soft Wind Drive Glendale, AZ 85310

$1,249,000
4 Beds
3 Baths
3,168 SqFt
Status Active
MLS # 6771456
Property Type Single Family Residence
Price Type --
This ranch-style home that sits just under an acre lot has amazing curb appeal and even more inside. A red brick circular driveway leads to an over-sized 3-car side entry garage, a 720sqft detached garage/workshop, and RV gate for all your recreational needs. The chef's kitchen displays granite counter-tops, Alder cabinets, a Sub-Zero fridge and a Dacor cooktop. Relax in the professionally landscaped backyard with a view of the mountains from the Pebble-Tec play pool. Truly, everything your heart desires.

6166 N Scottsdale Road Paradise Valley, AZ 85253

$1,249,000
2 Beds
2 Baths
1,616 SqFt
Status Active
MLS # 6558270
Property Type Apartment
Price Type --
This 2nd floor unit opens the door to luxury living with its 2-bedroom layout, complemented by an office space with double doors, inviting an ambiance of openness and brightness. The floor-plan includes a eat-in kitchen outfitted with high-end Wolf and Viking appliances, a generous kitchen island, and a breakfast bar for casual dining. Comfort meets style in the bedrooms, each accompanied by its own ensuite bathroom. The master suite is a sanctuary of relaxation, presenting a large bathroom and a walk-in closet equipped with custom organizers. The second bedroom, positioned ideally for guests, sits close to the guest bath and laundry facilities Equipped with a cutting-edge automation system, this unit awaits your personal touch to become the smart home of your desire.

5231 E Muriel Drive Scottsdale, AZ 85254

$1,249,000
4 Beds
2 Baths
2,647 SqFt
Status Active
MLS # 6732153
Property Type Single Family Residence
Price Type --
Major Price Reduction!!! Welcome to to this Amazing house in the highly sought after Arabian Views with No HOA!!! Freshly remodeled from head to toe, this house is a MUST see in person!!!The interior boasts 16' Celing in the entrance and 10' ceiling through out with 6'' crown molding in all the right places, high end marble like porcelain 16/32 tile through out including showers, free standing stone resin bath tub, 3/8 glass shower door in both bathrooms, stunning kitchen with custom cabinets with glass, dark blue dazzling granite countertop in the kitchen with all new appliances, are just a few of the items hat will capture your heart upon entering this house. Hurry as this beauty will take out wings and FLY!!!

10731 N Sonora Vista Fountain Hills, AZ 85268

$1,249,000
4 Beds
3.5 Baths
3,637 SqFt
Status Active
MLS # 6743623
Property Type Single Family Residence
Price Type --
Prepare to enjoy breathtaking, unobstructed views from almost every room in your home. Step inside, passing through the entryway to the great room, where high ceilings and large windows capture the breathtaking views, from Red Mountain to the north, Four Peaks and Mazatzal Mountains, all the way to Superstition Mountains beyond the east valley. The great room comfortably connects the living room with the dining room and flows to the open kitchen, with abundant cabinet and counter space, large pantry, gas range, double-ovens, and Sub-Zero fridge. Just beyond the living room is the primary suite, with the ensuite bathroom and spacious walkin closet you would want in a home of this caliber. Also on the main level you'll find a guest bedroom with ensuite bathroom, laundry room, and a half bathroom. Don't miss the garage, with extra depth and 12' ceilings on the main 2-car garage, plus a separate third bay garage. Downstairs you'll find another ensuite guest bedroom and a huge office which could easily be an additional bedroom (currently no closet). These rooms are split by a family/game room with an impressive 4k LED projector and screen. The double-sliding doors to the back yard make this another great space for indoor/outdoor entertaining. Outside offers multiple areas to relax, with a balcony off the main living space, both covered and uncovered patios in the back yard, as well as a putting green, all of these of course with the idyllic panoramic Arizona views as your backdrop. Homes with these amazing features and stunning views don't come around often, come see it today!

6803 E Main Street Unit 2210 Scottsdale, AZ 85251

$1,249,000
2 Beds
2 Baths
1,684 SqFt
Status Active
MLS # 6751253
Property Type Apartment
Price Type --
ABSOLUTELY GORGEOUS remodeled beauty with designer touches at every turn as well as the largest balcony of any unit at The Mark!Unit boasts so many upgrades including top of the line lighting throughout, the Entertainers Kitchen has been totally renovated to include marble countertops, 2 built in wine cooler's, new sink and fixtures as well as brand new appliances. TVs and Fire feature framed in by WI Appliance along with stunning custom chandeliers , motorized shades/plantation shutters, California Closet upgrades and so much more. The Mark features top of the line amenities which includes the STUNNING BRAND NEW roof top pool area, fitness center underground parking and Concierge. Room service delivered from the Valley Ho!! Extra storage cabinets installed in the parking spots. MUST SEE

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