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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27651 N 125th Drive Peoria, AZ 85383

$1,100,000
4 Beds
4 Baths
2,837 SqFt
Status Active
MLS # 6773344
Property Type Single Family Residence
Price Type --
MAJOR REMODEL ON GOLF COURSE! STUNNINGLY UPDATED & CUSTOMIZED THROUGHOUT, 2020-2022! ALL THREE A/C UNITS REPLACED. ALLll NEW FLOORING, NEW CABINETS & QUARTZ COUNTERTOPS throughout! COMPLETE KITCHEN REMODEL! CUSTOM WALK-IN PANTRY ADDED. Custom LARGER Island/breakfast bar. Appliances REPLACED. Buffet wall in adjacent dining area reconfigured +more cabinets & beverage refrigerator added. New wood-look wide plank tile floors & new carpeting. 'Spiritus' with 12-ft ceilings, FOUR bedrooms & FOUR baths including the casita. Spacious, elegant great room/sitting room with wet bar REMOVED & step-down filled in. Bathroom in huge primary suite gutted. New shower beautifully done, tub replaced, new toilet, mirrors & lighting. Other three baths have quartz countertops, new cabinetry, toilets & fixtures Irrigation system replaced with new PVC & rain sensor control, TANKLESS water heater & iHome automation installed, interior painted. Formal dining room turned into den/office with closet added in stepdown area. Pergolas added to front & side courtyards, epoxy added to 3-CAR (2+1) garage, most window coverings replaced-some with remote control. A WASH is on one side of the home. The backyard with extended patio, built-in gas BBQ island& firepit OVERLOOKS THE GOLF COURSE. Close proximity to Kiva Club. Most furniture available by Separate Bill of Sale. SO FABULOUS-MUST SEE in person! This could be the Trilogy at Vistancia home you've been waiting for! This home is located in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge newest community park.

7642 N 177th Avenue Waddell, AZ 85355

$1,100,000
4 Beds
3 Baths
2,500 SqFt
Status Active
MLS # 6769258
Property Type Single Family Residence
Price Type --
Beautifully maintained home in the highly sought after community of Clearwater Farms! This lovely home offers 4 spacious bedrooms, 3 full baths, a unique split floorplan with one of the secondary bedrooms offering an attached bath and separate entrance/exit, this home definitely lends to the possibility of multigenerational living. You will also be pleased to find a spacious primary bedroom and en suite, two additional large bedrooms, fresh interior paint, newly updated fireplace surround, oversized 3 car garage with charging station, fresh exterior paint, large covered patio, beautiful sparkling pool, fully fenced for peace of mind, lush green pastures, 2 irrigated acres, mare motel, tack room, wash rack, riding arena and round pen..... enjoy ALL OF THIS while taking in the most beautiful Arizona sunset over the White Tank Mountains. This is truly country living at it's finest...just outside the city limits!

14254 N 46th Place Phoenix, AZ 85032

$1,100,000
4 Beds
2.5 Baths
3,124 SqFt
Status Active
MLS # 6770362
Property Type Single Family Residence
Price Type --
Discover this stunning light-filled, single-story gem just 5 minutes from Paradise Valley, offering an elegant blend of design and comfort. Step through the grand double-door entry into a spacious 4-bedroom, 2.5-bath home featuring vaulted ceilings and an abundance of clerestory windows that bathe the interior in natural light. The open-concept layout includes a sprawling kitchen, perfect for gatherings, along with a cozy family room anchored by a fireplace. Formal living and dining areas provide the perfect setting for entertaining, while the oversized, split Master Suite boasts a sitting area and private backyard access. Outdoors, a covered patio overlooks a pristine pool and spa, with a lush, green lawn. The roof underlayment and AC units were new in 2017/2016.

35916 N 213th Drive Wittmann, AZ 85361

$1,100,000
5 Beds
4.5 Baths
4,332 SqFt
Status Active
MLS # 6775802
Property Type Single Family Residence
Price Type --
Whether you are looking for a full time respite or thinking of a winter retreat, this one has something for everyone. Located in the heart of the ever popular Wittmann Dally Alley, your new home offers a large yet comfortable spaces with Alder accents, 4 fireplaces, 2 primary suites and 3 additional bedrooms. From the pool table to pool, this home offers a welcoming space for entertaining. Stepping outside, the property is fully fenced and past the pool you will find a horse stalls, large garden area, chicken coop, along with a comfortable casita. The 3 car garage is extended, with one stall having the ability to drive through. There is enough property to add additional horse stalls, or a round pen. This one leaves lots of room for possibilities, please come take a look for yourself!

18439 W Beryl Court Waddell, AZ 85355

$1,100,000
4 Beds
3 Baths
4,862 SqFt
Status Active
MLS # 6777906
Property Type Single Family Residence
Price Type --
There simply is not a property in Waddell that compares to this immaculate two story sitting on over an acre. A covered patio with built in BBQ overlooks the sparking pool with water features. Need a guest house? There is plenty of room to expand if the 4862 sq ft isnt enough for you and your family. Located within the gated community of Cortessa, you will have security and a custom built neighborhood with mountain views and park-like surroundings. Above the massive great room is an equally massive loft/game room. Exreme attention to detail throughout this magnificent property.

18965 S 196th Place Queen Creek, AZ 85142

$1,100,000 - 5Br/4Ba -  for Sale in La Jara Farms 2, Queen Creek
New
$1,100,000
5 Beds
3.5 Baths
3,882 SqFt
Status Active
MLS # 6783169
Property Type Single Family Residence
Price Type --
Welcome to your dream home in La Jara Farms II! This stunning single-story residence on a sprawling .44 acre offers 5 bedrooms, 3.5 baths, and a spacious 3-car garage. Designed for comfort and style, this home features an open floor plan with modern finishes throughout. The gourmet kitchen, complete with premium appliances and a large island, is perfect for entertaining. Retreat to the expansive backyard to enjoy Arizona's beautiful sunsets. Located in the heart of Queen Creek, close to shopping, dining, and top-rated schools. Don't miss out—this is luxury living at its finest!''

3350 S Holguin Way Chandler, AZ 85248

$1,100,000
5 Beds
3.5 Baths
4,377 SqFt
Status Active
MLS # 6775658
Property Type Single Family Residence
Price Type --
Great Location, Amazing Home! Single story from the outside, basement with a theatre room on the inside. Directly off the front entry is the den/library or home office. The kitchen features granite countertops and backsplashes, GE Monogram appliances, gas cooktop and wall oven, with walk-in pantry, kitchenette and plenty of cabinetry space. Formal dining room/great room area adjacent. Relaxation is just a few steps away when you step outside onto the back patio complete with insulated electric roller shades, built in gas grill and pool with a new pump 2024. This wonderful 5-bedroom home has a huge master bedroom with new Anderson sliding glass doors/windows that open to the backyard spa & pool area. Master bath is complete with two double bowl sinks, separate shower and oversized tub and a huge walk-in closet with plenty of storage. Two additional bedrooms and full bath down the hall, two additional bedrooms and full bath in the basement. Full finished basement with wet bar, granite countertops and undercounter fridge. 144 mounted wall screen and projector for your 8-seat theatre room great for entertaining or gaming. Plenty of storage space to be found in this home, half bath located next to the laundry room/workout facility. New irrigation system installed 2024. Financed solar panels will be paid off at COE. Home is located next to the green space/park area in Avalon, Chandler Unified School District. Come see why this home should be your next home.

10044 E Graythorn Drive Scottsdale, AZ 85262

$1,100,000
2 Beds
2.5 Baths
1,836 SqFt
Status Active
MLS # 6776284
Property Type Townhouse
Price Type --
Best value for a Desert Mountain residence! Make this quaint Sonora Cottage Village your desert retreat! Great room plan with two king ensuites. Enjoy the meandering greenbelt with walking trails. Shaded patio provides relaxation and resort environment with heated spa. As a community resident, enjoy 25+ miles of private hiking trails encircling Apache Peak (4600+ ft elevation) and providing breathtaking 360* views of mountain ranges and the entire Valley of the Sun. Desert Mountain Club membership office will advise of availability. Club amenities are available for members only.

2327 N Beverly Place Buckeye, AZ 85396

$1,100,000
5 Beds
3.5 Baths
4,329 SqFt
Status Active
MLS # 6777767
Property Type Single Family Residence
Price Type --
BEAUTIFUL HOME ON THE WASH WITH FABULOUS SUNRISE, MOUNTAIN AND CITY VIEWS!! This stunning home's Kitchen includes quartz countertops, backsplash, beautiful hardware, an upgraded Monogram gas stove, and a huge pantry. The living room and covered back porch have an electric fireplace to keep you warm. This home is spray foam insulated with energy efficient windows throughout. Beautiful wood look tile and brand new carpet! Master suite on first level has separate shower, jetted tub, and huge walk in closet. There is a bonus/6th bedroom upstairs along w/ a game room. Other upgrades include plantation shutters, epoxy garage floors, pool, turf & a view fence to watch the morning sunrise. The owners are VERY clean and have filled this home with love. Take a look at this home of all homes!

16746 W La Reata Avenue Goodyear, AZ 85395

$1,100,000
2 Beds
2.5 Baths
2,175 SqFt
Status Active
MLS # 6781338
Property Type Single Family Residence
Price Type --
This Nearly NEW home features an amazing backyard with multiple entertaining areas, built-in BBQ, self-cleaning sparkling pool & secluded hot tub, perfect for year round enjoyment! Inside, enjoy an open floor plan with wood-look tile, remote blinds & shutters, a gourmet kitchen with soft-close cabinets & drawers, pull outs in lowers, quartz counters, large island & high-end SS appliances w/vented hood. The spacious primary retreat includes dual sinks & walk-in closet. This home also offers a fully insulated, 2.5-car garage with A/C, chip flooring, overhead storage, utility sink & RV outlet. A flexible den & powder room complete this upgraded home. Easy-care landscaping makes this the perfect retreat! Owned SOLAR to heat pool. This home is truly a dream come true and MOVE-IN ready! This very Active Adult community includes 3-18 hole Golf Courses, 40+ Pickleball & Tennis Courts, State of the Art Fitness Centers, Creative Arts Center, Multiple resort style Pools and Hot Tubs, Theater with live performances, Casual dining, Billiards room, Bocce courts and more. Come take a look!

11305 S 195th Drive Buckeye, AZ 85326

$1,100,000
4 Beds
2 Baths
2,857 SqFt
Status Active
MLS # 6781143
Property Type Single Family Residence
Price Type --
Craftsmanship Meets+Custom Resort on Acre! This pristine Oasis offer's Quality Craftsmanship everywhere you look! No upgrade was spared, this was the Custom builder model to showcase their options so you can only imagine. When you enter the Great room you will notice the open inviting 12 foot ceilings. Gourmet kitchen with high end granite countertops, stainless steel appliances w/rich solid knotty alder cabinets, Hard wood floors, Custom doors, Travertine floors, Subzero refrigerator, Stainless steel double ovens, a walk in pantry and lots of pull out shelves, gas stove, Primary bath has huge walk-in closets snail shower & extensive tile, built in cabinets, One of the room is used as an office with built in Murphy bed. The backyard is fenced in and private with mountain views from the

16118 E Ridgestone Drive Fountain Hills, AZ 85268

$1,100,000
2 Beds
2.5 Baths
1,915 SqFt
Status Active Under Contract
MLS # 6759444
Property Type Townhouse
Price Type --
Stunning single level home at ''The Overlook'' in prestigious FireRock Country Club. Well-designed open floor plan perfect for entertaining, featuring an elegant great room with splendid mt. views to the rear patio with a 20 foot slider door system. Indoor/outdoor living at its finest with luxury high end design choices. Spacious well-appointed kitchen overlooks the expansive great room and features a massive center island with breakfast bar. Wolf double range and hood and appliances as well as Subzero refrigerator, subway tile backsplash, and a desirable walk-in pantry. An exquisite master bedroom offers abundant light, a large walk-in closet, and marvelous master bath with spacious shower, dual-sink vanity, and beautiful finishes w/ensuite bath. Gorgeous backyard features heated jetted spool, built in BBQ, gas fireplace, TV, and synthetic grass. 12 foot ceilings. Guard gated. No stairs! 2 car garage w/ storage. Beautiful mountain views! Laundry room has sink and cabinets. Hunter Douglas automated window coverings. Solid core doors. Oversized hexagon tiles on the floor in main living room & travertine on the back patio. FireRock Country Club offers social and golf memberships and everything you could ask for and more in a club setting.

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