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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7157 E Rancho Vista Drive Unit 1012 Scottsdale, AZ 85251

$1,025,000
2 Beds
2 Baths
1,528 SqFt
Status Active
MLS # 6779086
Property Type Apartment
Price Type --
Discover this stunning remodel in the heart of Scottsdale, featuring a stylish open floor plan and floor-to-ceiling glass that fills the space with light. With beautiful hardwood floors and quartz countertops, the kitchen and bathrooms showcase high-end finishes. This desirable ground-floor unit includes an oversized patio surrounded by lush landscaping, perfect for outdoor relaxation and grilling. Enjoy easy access to shopping, fine dining, and vibrant entertainment just steps away. The complex offers fantastic amenities, including indoor and outdoor pools, a newly remodeled 24,000 sq ft gym, yoga room, sauna, racquetball, Pickleball, a putting green, business center, concierge service, and dining options. Experience exceptional living!

6947 E Thirsty Cactus Lane Scottsdale, AZ 85266

$1,025,000
3 Beds
2 Baths
2,377 SqFt
Status Active Under Contract
MLS # 6775082
Property Type Single Family Residence
Price Type --
One of Terravita's best GREAT ROOM PLANS is located on an oversized quiet, private, North/South lot with a winter bright south backyard and A FULL 3 CAR GARAGE! The Caelum model is loved due to its high tray ceilings that accentuate the room height, almost no hallways to waste space, the kitchen being wide open to the great room for fantastic entertaining or family time, and the rear wall of large windows brings the outdoor living indoors. And this has wonderful outdoor living with a large heated Pebbletec pool and separate spa, natural gas stainless steel build in barbeque with a side burner, large serving area, and a cozy fire feature to cook smores over after a day at the pool! Some of the features include: Whisper Quiet Oversized Backyard, Incredibly Popular Greatroom Plan, Full 3 car garage,Bright Private South Patio, Updated kitchen and second bath and these features: Slab Granite tops Stainless steel appliances Tray ceilings Sound system Office furniture conveys Alarm system Natural gas fireplace Storage saving pullouts Bosch gas cooktop Plantation shutters 3 Car Garage Tons of Storage including Custom enclosed storage Recirc pump Double entry doors to primary Enlarged primary closet Large Den Large 3rd bedroom split from primary SS built in natural gas BBQ With Warmer and large serving area Large heated pool and spa Fire feature Stuccoed fence HVAC replaced Sound system on patio Whisper quiet section of community Saguaros in front and back

1040 E Osborn Road Unit 602 Phoenix, AZ 85014

$1,025,000
2 Beds
2.5 Baths
2,718 SqFt
Status Active Under Contract
MLS # 6781197
Property Type Apartment
Price Type --
Discover luxurious urban living in this sophisticated residence at Crystal Point Tower, nestled in the heart of Phoenix. Located on the 6th floor, this home offers breathtaking, unobstructed views of the iconic Camelback and Piestewa Peak mountains. These sweeping panoramas provide a stunning backdrop to this elegant space, where natural light fills every corner, highlighting high ceilings, designer finishes, and an effortless flow from room to room. The beautifully appointed kitchen is outfitted with premium appliances, decorative shaker cabinetry, and generous counter space. Situated off the kitchen and living room is an oversized balcony, a serene space surrounded by beauty from sunrise to sunset. The spacious primary suite is a sanctuary of comfort, complete with an opulent en-suite bathroom and 2 walk-in closets, laundry room, and sitting area. The guest suite is well appointed with an oversized closet and private bathroom. A separate den is the perfect place for a home library, cozy tv room, or to work from home- complete with built-in bookshelves and exit to the patio. Enjoy resort-style amenities, including a shimmering pool, fitness center, and a 24-hour concierge service, community room complete with kitchen for events, residence parking garage, all within a private, secure building. Crystal Point Tower is ideally located near the best dining, shopping, and cultural experiences Phoenix has to offer, providing an unmatched blend of luxury and convenience. Make this exceptional property at 1040 E Osborn Road your private urban retreat.

13128 N 104th Place Scottsdale, AZ 85260

$1,025,000 - 4Br/3Ba -  for Sale in Mountainview Ranch Unit 2, Scottsdale
New
$1,025,000
4 Beds
2.5 Baths
2,643 SqFt
Status Active
MLS # 6784272
Property Type Single Family Residence
Price Type --
Welcome to Mountain View Ranch in sunny Scottsdale! Walk inside this spectacular two-story home boasting 4 bedrooms and 2.5 baths, nestled privately on an oversized corner lot with the only circular drive in the neighborhood. It's open concept floorplan creates an ideal setting for entertaining and making memories. Indulge your culinary passions with Viking appliances and gather around the eat in kitchen for family dinners. This home features vaulted ceilings, 2 natural wood burning fireplaces, tile flooring downstairs, carpet flooring upstairs and natural light throughout. Enjoy two spacious masters with the primary suite located downstairs. The primary bathroom has dual sinks, walk in shower, soak tub and large walk in his and her closets. The perfect layout for an in-law suite. The second master upstairs is just as grand. The bathroom has been completely remodeled with a luxurious walk in shower and separate soaking tub. Secondary bedrooms are sizable with all walk in closets. This home is packed with adequate storage. Step outside to the backyard oasis of your dreams. It's perfect for both entertaining and relaxation. Refreshing oversized pool with water feature to enjoy during the summers with a luscious grass area for the pets or kids to play. Cozy outdoor fireplace with thoughtful and low maintenance landscaping. Enjoy lemon, orange, peach and red guava trees. Oversized 3 car garage with more storage. The location says it all, with easy access to local amenities, upscale shopping, fine dining, top rated schools and the renowned TPC golf course. Be sure to check out the home updates and improvements in the documents section. This home is a must see!

4037 S Taylor Drive Tempe, AZ 85282

$1,025,000
4 Beds
2 Baths
2,523 SqFt
Status Active
MLS # 6719672
Property Type Single Family Residence
Price Type --
Location Location Location...and when you're not out, spend time in your luxurious resort style back yard!! Entertain your entire family and all your friends under the huge covered patio with large wet bar, built-in BBQ Grill, flat screen TV, recessed lighting and ceiling fans. Keep cool in the freeform play pool which has plenty of in-pool seating, Baha deck, three water features and multiple umbrellas affording plenty of shade. Swim year round in the solar heated pool and entertain on the patio under the built-in infrared heaters. If you're into cars or own your own business, you'll love the detached garage which affords oversized access door to accommodate two auto lifts or store your work vehicles and trailers. So much more, you'll want to see it all in person!!! Don't miss out!

5525 E Dusty Wren Drive Cave Creek, AZ 85331

$1,025,000
4 Beds
3 Baths
2,542 SqFt
Status Active
MLS # 6720916
Property Type Single Family Residence
Price Type --
Gorgeous fully renovated & move-in ready 4-bedroom 3 bathroom Cave Creek Home in the desirable Colina Del Norte community on a prime oversized cul-de-sac lot next to desert preserve with amazing sunset views and desert hiking trails plus great schools! All new Chef's Kitchen with Granite Waterfall Island, KitchenAid Stainless Steel appliances, solid wood cabinets with crown molding, soft close drawers & doors. New wide plank White Oak tile throughout & 5'' wood baseboards. All new Bathrooms. Resort Style Patio with Herringbone Atlantic Pavers with seashells that stay cooler, 10-person hot tub, New Trane HVAC & Ecobee thermostats, Ring doorbell, fresh paint inside and out. Builder options inclu 10 foot ceilings, oversized 3-car garage, dog run & RV gate

335 S Red Rock Street Gilbert, AZ 85296

$1,025,000
4 Beds
2 Baths
2,478 SqFt
Status Active
MLS # 6725212
Property Type Single Family Residence
Price Type --
Welcome to your new home. Home has a gracious dining room with an awesome kitchen with vaulted ceilings. Secluded wing separates bedrooms from living area. Master bedroom has huge closet and the remaining rooms are oversized as well. Fully landscaped acre with a covered patio, storage area and an RV gate. Hurry on over as this will not last!

7216 E Camino Salida Del Sol -- Scottsdale, AZ 85266

$1,025,000
3 Beds
3 Baths
2,113 SqFt
Status Active
MLS # 6755322
Property Type Townhouse
Price Type --
Shows like a MODEL!! North Scottsdale luxury living. Modern Spanish single-level (no steps) featuring an open concept great room with a highly desirable split floor plan. Enter into this thoughtfully designed home with 2,113 square feet of serenity. High quality dovetail cabinets throughout with soft close and full extension drawers. Cabinet pull-outs and accent lighting in kitchen with upgraded stacked upper cabinets and walk-in pantry. Monogram stainless steel appliance package including gourmet gas cooktop, double ovens, built-in microwave, under-cabinet beverage cooler and dishwasher. Sprawling island including reverse osmosis system and seating complemented by quartz countertops. Showcasing 12' tall soaring ceilings in a spacious great room layout and multi-slide glass doors which deliver smooth indoor to outdoor living transitions. Travertine paver patio enhanced with artificial turf and fresh landscaping. Tranquil water feature, outdoor gas fireplace at covered patio seating and additional gas stub for grill. Split floor plan allows for luxe private owner's suite with tray ceiling and an expansive walk-in closet. Offering a spa inspired bath featuring additional cabinetry with accent lighting, dual sinks, and quartz countertop. Separate lounge tub and large shower. Upgraded comfort height commodes in all water closets. Airy secondary bedrooms have ensuite baths with added cabinetry and quartz countertops (3rd is shown as an office in photos-see floor plan). Utility sink in laundry room with upgraded cabinetry, quartz countertops, and drop zone. 220V in garage for electric vehicle charging. Owned water softener and gas tankless hot water heater. In a boutique community, Scottsdale Heights is a gated, 55+ community with a heated community pool and spa, pickleball and bocce ball courts, dog park and hiking/biking paths. Convenient location with nearby dining, shopping and grocery store. Located in North Scottsdale conveniently close to Carefree and Cave Creek along with a multitude of shopping, dining and outdoor recreation such as Bartlett Lake, Tonto National Forest and several golf courses. Special Features: -Ascent Floor Plan -Built 2021 -3 Bedrooms 3 Baths 2 Car Garage -Patio Fireplace -Patio Water Feature -Tankless Hot Water Heater -Gas Cooktop Wall Ovens -Walk-in Pantry -EV Charger in Garage HOA maintains front exterior landscaping, roof, exterior paint, private street maintenance, and common areas. Community Amenities: Gated, Pool, Spa, Bocce Ball, Pickleball, Dog Park and Walking/Biking Paths View Ascent Floor Plan under Documents

7487 E Casitas Del Rio Drive Scottsdale, AZ 85255

$1,025,000
2 Beds
2.5 Baths
2,154 SqFt
Status Active
MLS # 6756038
Property Type Single Family Residence
Price Type --
North Scottsdale, Summit at Silverstone is a gated community offering the best of both worlds: luxury and low maintenance living in a prime location. The convenience of being close to shopping, top-rated restaurants, hiking, and golf is a huge plus, and the amenities in the gated community, like the resort-style pool and community gym, adds to the appeal of this home. An ideal single-story patio home with its split floor plan and two master suites sounds perfect for entertaining or accommodating guests. The gourmet chef's kitchen and the large island are just a few great features for those who love to cook and host gatherings. Walkability is one of the huge benefits of this property. ................ Walkability is one of the huge benefits of this property. Arizona's indoor/outdoor living is truly unique, like this home takes full advantage of that with its design. If you are looking for a place in the Valley of the Sun, that offers this would be a top contender!

1952 E San Miguel Avenue Phoenix, AZ 85016

$1,025,000
4 Beds
3 Baths
2,412 SqFt
Status Active
MLS # 6759992
Property Type Single Family Residence
Price Type --
Motivated Sellers! Beloved Biltmore location! Totally renovated home on large lot with pool w/mountain views! Gourmet kitchen has deluxe 36'' Gas range & hood, new shaker cabs, European inspired backsplash, oversized black island with cabinetry & walk-in pantry. New Provenza wide plank flooring w/exclusive bevel edge. New Chic lighting & fans with striking fireplace. Stunning bathroom vanities, fixtures, showers, bath. 2 primary bedrooms each w/ full bath & 2 more rooms with full bath. Custom front door & back sliders, dual pain windows throughout! Fully enclosed 2 car garage, Yard is entertainers dream! New built-in BBQ & bar seating, sealed concrete and decking w/sparkling diving pool. New interior & exterior paint. New water heater, sprinkler valves, timer, pavers, rocks, plants & more (20th St. is a quieter residential street) Do not miss this amazing coveted residential neighborhood known for its mid-west charm, amazing hiking, dining, entertainment, golfing, and shopping. Close to freeways and the esteemed Biltmore Hotel and Spa, with 18-hole championship golf courses. * Full List of upgrades available in the Documents Tab*

10307 W Camino De Oro -- Peoria, AZ 85383

$1,025,000
4 Beds
2.5 Baths
2,625 SqFt
Status Active Under Contract
MLS # 6713607
Property Type Single Family Residence
Price Type --
This property has it all! Incredible 1.44 acre fully functioning horse property! This nicely refreshed great room style home, offers a generous master suite, 4 bedrooms, split floorplan, 2.5 baths, Jack & Jill style bathroom, & low maintenance tile throughout. Enjoy the AZ summer days in the pebbletec play pool, and the evenings on the lovely patio overlooking the full sized, lighted riding arena and horse facilities. 4 stalls with turnout, & crossties at the 1200sf barn/garage/shop for your tack & feed or other hobbies. This property is a must see!

10320 E Gamma Avenue Mesa, AZ 85212

$1,025,000
4 Beds
3.5 Baths
2,767 SqFt
Status Active Under Contract
MLS # 6722536
Property Type Single Family Residence
Price Type --
Located in a gated neighborhood in Eastmark, this stunning corner lot home with mountain views and backing up to a green belt boasts nearly $300,000 in upgrades. The gourmet kitchen features a large buffet and marble counters. Enjoy tile flooring throughout, plantation shutters, chandeliers, a gorgeous fireplace wall, floating shelves, accent walls throughout, and sunroom with wood ceiling beams. Master bath has a rain can shower and luxurious soaking tub. This is an entertainer's dream; upgraded landscaping, resort style backyard with a pergola, marble and stone bar and fireplace bench, travertine patio, and heated pool. The 3-car tandem garage has epoxy floors, custom cabinets, overhead storage. This home is the perfect blend of luxury and practicality.

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