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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31559 N Pamela Drive San Tan Valley, AZ 85144

$1,100,000
4 Beds
3.5 Baths
3,020 SqFt
Status Active
MLS # 6754867
Property Type Single Family Residence
Price Type --
AMAZING HIGH END CUSTOM HOME WITH MODERN CONTEMPORARY STYLE ON OVER 3 ACRES. OWN YOUR OWN PIECE OF A MOUNTAIN WITH AMAZING VIEWS AND PRIVACY. HUGE OPEN FLOORPLAN WITH TONS OF UPGRADES. CUSTOM KITCHEN WITH BUILT IN FRIDGE AND FREEZER AND DOUBLE OVENS. CUSTOM PANTRY SETUP WITH PLACE FOR UNDERCOUNTER BEVERAGE CENTER AND PREP COUNTER. HUGE BACK SLIDING DOOR OPENS UP TO YOUR OWN MOUNTAIN WITH TONS OF PRIVACY AND SO MUCH POTENTIAL. THIS HOUSE WILL BE DONE APPROXIMATELY THE MIDDLE OF OCTOBER BUT YOU CAN VIEW IT TODAY! DONT WAIT, THIS ONE WILL NOT LAST. YOUR CHANCE TO OWN A VERY UNIQUE HIGHLY UPGRADED CONTEMPORARY STYLE HOME IN A VERY SOUGHT AFTER AREA THAT IS MOVE IN READY WITH FRONT YARD AND BACKYARD LANDSCAPING. VIDEO AND PICTURES ARE A RENDERING AND NOT EXACT.

26627 N 104th Way Scottsdale, AZ 85262

$1,100,000
3 Beds
3 Baths
2,112 SqFt
Status Active
MLS # 6758295
Property Type Townhouse
Price Type --
Beautifully appointed and nestled on a premium lot with breathtaking views of Pinnacle Peak and Troon, this fully-furnished, turnkey home showcases pride of ownership in every detail. Meticulously maintained, this residence blends luxury with comfort, creating the perfect desert retreat. The open floor plan features soaring 12' ceilings in the main great room, seamlessly connecting the interior to the outdoors with multi-slide doors that lead to a large covered patio. The master suite offers a private sanctuary with custom blinds, a spacious walk-in closet, and a spa-like soaker tub for ultimate relaxation. High-end finishes throughout the home include a custom chef's kitchen with elegant white double-stacked cabinets, a stunning 12' granite island, a fully tiled glass backsplash and stylish pendant lighting. Monogram appliances such as a 42 built-in refrigerator, wine fridge, dual ovens, hood vent, dishwasher, microwave, and reverse osmosis system make this kitchen both beautiful and functional. Rustic touches, like a charming barn door and barn wood accents, add warmth and character. Additional features include an epoxy-coated garage floor, built-in garage storage, water softener, and large laundry room with built in cabinetry, mud room bench nook and sink. Perfectly situated in a gated community, this residence provides a lock-and-leave lifestyle for those seeking convenience and peace of mind. Close to premier shopping, dining, and world-class trails such as Pinnacle Peak, Tom's Thumb, and Brown's Ranch, this desert oasis promises a modern, relaxed quality of life.

1112 E Arroyo Road Phoenix, AZ 85086

$1,100,000
4 Beds
2.5 Baths
3,181 SqFt
Status Active
MLS # 6760214
Property Type Single Family Residence
Price Type --
Are you ready for a home that has it all? A stunning 4-bedroom, 2.5-bath residence with tranquil mountain views, versatile entertainment area, RV hookups and a welcoming vibe! Nestled on an oversized one-acre lot, there is room to customize it or simply enjoy the gorgeously landscaped yard while relaxing around the wood burning firepit or from the extended covered patio! Inside there is an open and spacious family room with an entertainment niche, fireplace and high ceilings. The kitchen is functional and beautiful with wood cabinetry, granite counters, and newer Cafe appliances. The spacious master bedroom has patio access to the hot tub, two walk-in closets, and a lavish ensuite w/dual sinks. All of this plus 2 RV gates -1 dedicated RV parking with 50 amp, water, and sewer access.

11239 E Oberlin Way Scottsdale, AZ 85262

$1,100,000
3 Beds
2.5 Baths
2,826 SqFt
Status Active
MLS # 6757633
Property Type Single Family Residence
Price Type --
Location Location Location.... Private Cul de Sac lot backing to NAOS and the George ''Doc'' Cavalliere Park and all with direct access to the Pinnacle Peak and McDowell Mountain hiking trail systems. This is a chance to own this super popular floor plan in Echo Ridge. Bright open floor plan with 3 spacious bedrooms, 3 car garage, travertine tile, private salt water pool, separate electric spa, and all with great views. Vacant and ready for quick access and closing. Owner Broker Agent

4926 N 210th Avenue Buckeye, AZ 85396

$1,100,000
2 Beds
2.5 Baths
2,534 SqFt
Status Active
MLS # 6767287
Property Type Single Family Residence
Price Type --
Breathtaking Golf Course and Mountain Views! Luxurious Pool, Pergola, and Travertine Patio! This Traveler plan by Maracay is nestled in the picturesque tree-lined streets of Phase One in Victory at Verrado. Enjoy the blend of luxury and comfort, featuring thoughtfully selected options, upgrades, and timeless updates. Enjoy the cozy ambiance created by a stunning rock wall fireplace, along with ceiling fans, upgraded flooring, stylish lighting, premium appliances, elegant countertops, staggered cabinetry, and built-in speakers both inside and out. The patio is equipped with roller shades to enhance your outdoor experience. This home is a true gem, perfect for entertaining friends and family, who will appreciate the privacy of the guest suite complete with its own bathroom. Victory at Verrado embodies the essence of 55+ living, offering a vibrant community and exceptional lifestyle. Don't miss this incredible opportunity to make this dream home your own!

3126 N 6th Avenue Phoenix, AZ 85013

$1,100,000
3 Beds
3 Baths
2,458 SqFt
Status Active
MLS # 6767223
Property Type Single Family Residence
Price Type --
Seller Carry - 3.5% - Wrap Around Loan Available: Seller has remaining balance of approximately 490k. They are willing to carry that 490k for the buyer at a rate of 3.5%!! One-of-a-Kind Architectural Masterpiece in North Park Central. Welcome to one of Phoenix's most unique homes! Originally crafted by renowned architect Romauldo DeBlas in 1976, this architectural gem in the North Park Central neighborhood is truly one of a kind. It stands out with its bold mid-century influence paired with forward-thinking modern design, creating a home that is both timeless and visionary. In a city where basement homes are rare, this property is unmatched in character and style. Property Highlights: - Mid-Century Modern Design: Built by Romauldo DeBlas with recent updates that enhance its original architectural vision. - Architectural Beauty with exposed CMU blocks, soaring glass walls, and clerestory windows, providing stunning natural light and open space. - Eco-Friendly Features: Solar panels (leased with the home) and parking for 4+ vehicles with EV charging capability, promoting sustainable living. - Entertainment-Focused Amenities: A spacious pool with a large deck and seating area, a relaxing jacuzzi, and a finished basement ideal for gatherings. Nestled centrally in Phoenix this desert oasis offers both relaxation and function. Whether you're looking for a remarkable residence or an income-generating property, this home checks all the boxes. Currently operating as a short-term rental with a packed calendar, it has proven to deliver impressive returns of 50k-70k Annual Revenue. Over $125,000 in recent upgrades and repairs, including: - New sewer and water lines from the house to the street. - Pool resurfacing with Pebble Tec, complete with a 20-year warranty. - All pool pump components upgraded for maximum efficiency. - Liberty Home Guard extended home warranty covering everything inside the home for 5 years. Please Note: Showings will be available starting in early December due to its high-demand rental schedule. Don't miss the opportunity to own this one-of-a-kind Phoenix landmark, blending history, design, and incredible investment potential! Home furnishings are available for purchase if desired.

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.

812 E Summerside Road Phoenix, AZ 85042

$1,100,000
4 Beds
4.5 Baths
3,824 SqFt
Status Active
MLS # 6771677
Property Type Single Family Residence
Price Type --
This modern beauty offers resort-style living at the foothills of South Mountain in the gated master-community Avance! This home is one you won't want to miss! Less than 2 years old, this home is a rare find with many upgrades. This sprawling single level home features 3 bedrooms all with en-suite bathrooms plus a den/office in the main home. An attached casita features a bedroom, living area, kitchenette and a full bathroom. Perfect for multi-generational living or a great private space for guests. Entering through the custom Portico iron gate, you'll find a spacious all-paved courtyard before entering the home. Large open floor plan features plenty of natural light, neutral color palette, and tile throughout the home. The gourmet kitchen boasts a large island with breakfast bar multiple ovens, gas cooktop, butlers pantry/coffee bar and large pass through pantry as well. This dream kitchen can be yours! Over-sized primary suite feature a custom accent wall, spacious spa bathroom, dual vanities and an expansive walk-in closet. The backyard features a large turf area, covered patio as well as huge patio paver space, dog play area on the side of the house and a gas lined for your outdoor grill. Great mountain views and community amenities make this home a must see! Other features include professional sealing of the home to prevent against bugs, etc. No carpet in the home. Porcelain tile throughout. The Reserve backs up to the properties across the street so there will never be any homes beyond this neighborhood. There is also an access gate at the end of the street for the South Mountain trails. Check out the infamous Mystery Castle that you can see from the cul-de-sac just a few doors down!

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!''

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