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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20918 W Dale Lane Wittmann, AZ 85361

$998,000
3 Beds
2 Baths
1,913 SqFt
Status Active
MLS # 6765350
Property Type Single Family Residence
Price Type --
Absolutely charming ranch style home ready to move right in! This home is situated on 4 acres (2 parcels) with paved road access, mountain views and is fully fenced with no climb fencing. This single story property is beautifully maintained and is horse ready. Tastefully updated with granite counter tops, stainless appliances and shutters throughout. Solar panels are owned and electric bills extremely low. No HOA. This perfect home is waiting for you to enjoy all that AZ living has to offer both indoors & out.

3797 Gold Ridge Road Wickenburg, AZ 85390

$998,000 - 3Br/4Ba -  for Sale in Wickenburg Ranch, Wickenburg
Open House
$998,000
3 Beds
3.5 Baths
2,692 SqFt
Status Active
MLS # 6770551
Property Type Single Family Residence
Price Type --
Immerse yourself in the LUXURY of this spacious 2,692 Sq.Ft. Home. Shea's Latigo Model earned a best design award. A Prestigious build w/ 3 beds/3.5Baths. Your will love the Casita! SERENITY & COMFORT can be yours. MOVE IN READY! Space to suit all of your needs & Plenty of Cabinets to store every project. A Wall of Glass opens to double your entertainment area. Tiled floor seamlessly flows to patio. 3 large auto/remote screens provide privacy & protection from the elements. Impressive Stone Wall Entry. Private Courtyard w/ a beautiful gas Fireplace, the perfect place for gatherings & celebrations. 3 Car Garage accommodates your Golf Cart too. Start Living your best life today- Golf, Walking Paths, Parks, Fishing, Pickleball, Pool, Sports Complex, Art Barn & Spa- Why not have it a

16652 N 51st Street Scottsdale, AZ 85254

$997,750
5 Beds
3.5 Baths
3,573 SqFt
Status Active Under Contract
MLS # 6760148
Property Type Single Family Residence
Price Type --
JUST APPRAISED AT $1,015,000! Stunning 5-Bedroom Home in Palos Verdes Ranch - 85254 Magic Zip Code an incredible 5-bedroom, 3.5 bathroom home located in the highly sought-after 85254 zip code. Priced at $997,750, $17K BELOW APPAISAL, this 2x6 construction home in Palos Verdes Ranch offers a perfect blend of luxury, comfort, and convenience. Key Features: Primary Bedroom Downstairs w 4 additional bedrooms upstairs, ideal for privacy & space. Beautiful tile flooring throughout the first floor & plush carpet on the second level. Spacious formal Living & Dining rooms, plus a cozy Family Room with gas fireplace. The gourmet kitchen features white cabinetry, elegant granite countertops, & a suite of LG brushed stainless steel appliances (fridge included), all less than 5 years old! See More Recent exterior updates include a newly painted house and stuccoed back fence (Sept 2024) for enhanced curb appeal. Upgrades Galore: New Roof, Carpet, Sun Screens, and Roll-Up Sun Shades installed within the last two years. The Primary Bathroom boasts updated fixtures, a remodeled shower, and a freshly painted vanity with brushed stainless pulls and sink fixtures. Home features a whole-house NuvoH2O water softener system, painted kitchen cabinets, and Nest Thermostats throughout for energy efficiency. Advanced security with BLINK cameras (front door, driveway, backyard, and patio), solar charging, and a AAA Home Security system with CO detectors included. 3-car garage with built-in storage, new garage door opener (Sept 2024), and remote access for both doors. space Outdoor Living at Its Best: Expansive back patio spanning the full width of the home, complete with ceiling fans, TV hookup and TV that will stay , and built-in BBQperfect for outdoor entertaining. Low-maintenance desert landscaping in both front and back yards, complemented by landscape lighting and accent lighting on the patio. Sparkling Pebble Tec play pool with an electric heater, in-floor cleaning system, and remote-controlled pool lightsyour personal oasis in Scottsdale! The stuccoed and freshly painted interior back fence (Sept 2024) ties together the backyard's cohesive, polished look. space Additional Highlights: Wired for surround sound in the family room with ceiling speakers in the living room, primary bedroom, garage, and patio perfect for music lovers and entertainment. Photo sensor night lights in non-bedroom hallways for added convenience after dark. Two AC units (one replaced 7 years ago) and gas heating for year-round comfort. Located in the prestigious Palos Verdes Ranch community, this home offers proximity to top-rated schools, shopping, dining, and easy access to major highways. Live in the heart of Scottsdale's 85254 zip code, known for its prime location, the best schools and thriving real estate market. The LARGE 5th Bedroom was a home theater so all the wiring / speakers are still there if someone wants to use it as a theater again! Don't miss out on this amAZing home.

8345 N Dry Creek Road Prescott Valley, AZ 86315

$997,500
4 Beds
3 Baths
3,983 SqFt
Status Active
MLS # 6767228
Property Type Single Family Residence
Price Type --
SPACIOUS ENTERTAINER'S DELIGHT! PRIVACY, VIEWS and PAID SOLAR! Enjoy living in this Pronghorn Ranch, two-story home, on a premium cul-de-sac lot. GARAGE ENTHUSIAST, THIS IS YOUR HOME! Must see 800-SF, 4-car, extra deep tandem-garage, with gorgeous built-ins for ample storage, epoxy flooring, and ceiling racks; plus a covered two-car carport, an 8-foot RV gate with large side yard, additional driveway, and street parking for your guest. Too many upgrades to list. PAID SOLAR! Previous owner's spent over $120K in improvements, while the current owner's added much more, to include an out-door kitchen/bar, Jacuzzi and shed. A truly MUST SEE home with 3,983 SF, a great room, 4 bedrooms, 2.5 bathrooms, gorgeous office with double French Doors, and a loft. Enter into an impressive two-story foyer and formal living room, currently used as the pool room; next to the formal dining room, used as a game room; and again, the amazing office with gorgeous double French doors, and natural light on both sides of the room. The incredible great room includes a gourmet kitchen, with huge island, stainless-steel appliances, double-wall oven, microwave, gas cooktop, refrigerator and pantry. Enjoy the beautiful upgraded maple cabinets, stone backsplash and granite counters; along with a large eat-in kitchen area, and cozy family room with a floor-to-ceiling stone gas fireplace and beautiful built-in. A beautiful staircase leads you up to the loft, laundry room, hall bathroom, and three bedrooms; prior to walking into an exceptionally large primary suite, with a walk-out balcony to enjoy the view; separate soaking tub, walk-in snail shower, His & Her's vanities, plus His & Her's walk-in closets. More upgrades include a newer roof (2022), tankless-recirculating hot-water heater with remote controls, water softener and built-ins throughout. Mingus Mountain views, privacy with no one behind, an out-door kitchen, Jacuzzi, firepit, covered patio, and low-maintenance landscaping; along with all that Pronghorn Ranch has to offer. TRULY A MUST SEE!

1060 S Kellis Road Wickenburg, AZ 85390

$997,000
7 Beds
5 Baths
3,594 SqFt
Status Active
MLS # 6731869
Property Type Single Family Residence
Price Type --
Assumable 3% interest rate! STUNNING 360 views sitting atop a mountain peak! Double gated with access on 3 sides of property. Convenient to downtown & restaurants, yet still secluded! Remodeled with aesthetic/efficient updates. New metal roof, int. & ext paint, bathrooms updated & more! All usable horse property land, no big slopes/mountainsides! Ready for your family & your farm animals! NS facing, behind home is a wash & trails to ride on. Is 2nd income your goal? Walk out basement is the perfect design for a renter, hookups for stove,oven,fridge,& sink in basement kitchenette. Private access to living room & 2nd laundry room! Perfect for Airbnb, rodeo or snowbird renters. Not for you, RV Electrical h/u is ready for glampers! Sellers are motivated & ready for the next owners to enjoy!

7865 S Palm Drive Tempe, AZ 85284

$997,000
4 Beds
3 Baths
2,995 SqFt
Status Active
MLS # 6769563
Property Type Single Family Residence
Price Type --
Beautifully upgraded over 12 years of proud ownership, 4bed/3bath single level Coventry house welcomes you great Tempe living. All tile flooring on a split floor plan. Modern chandeliers through out the house. Floating entertainment wall will have your guests glaze for hours. Granite counter top, stainless steel appliances includes Gas cooktop. Backsplash looks great to enhance beauty of kitchen along with easy care. Walk in pantry adds great functionality to kitchen. Separate fridge to cool wine bottles. Ceiling LED lights through out the house. Central speaker system for most of rooms and back patio. All three bathroom redone. Master bathroom offers beautifully done vanity, illuminating mirrors and touch-less faucets. Standing shower with rain head. Bathtub offers its own music option, see through glass and jacuzzi jets. Second bathroom also offers bathtub with jets. Third bathroom was converted from powder to powder & standing shower. Shutter blinds or premium window treatment through out the house. 4th bedroom has Murphy bed which offers flexibility to be used as office if not hosting guest. Pool has newer variable speed pump and Gas water heater. Water heater changed in last one year. Permanent holiday lights under the fascia so you don't have to remove it. Metallic Proxy and premium cabinets in Garage. Extra storage shed. Both backyard and front has turf for easy maintenance. Pool has Spa, both pool-pump and gas heater replaced in last 4 years. Coventry offers huge community park and great community vibe.

14951 W Whitton Avenue Goodyear, AZ 85395

$997,000
3 Beds
2 Baths
3,304 SqFt
Status Active Under Contract
MLS # 6779093
Property Type Single Family Residence
Price Type --
Prepare to be enchanted by this stunning haven situated on a highly desirable cul-de-sac! Starting w/a 3-car garage & an RV gate. Meticulously maintained interior showcases tall vaulted ceilings, travertine flooring, upscale ceiling fans, plantation shutters, & a stone fireplace in the spacious living room. There's also an open den/office & a formal dining room, perfect for hosting gatherings. Designed w/entertaining in mind, the great room features a wet bar, media niches, surround sound, & French doors leading to the back patio. State-of-the-art kitchen is a dream for culinary enthusiasts, boasting abundant cabinets & cupboards topped w/crown moulding, stone backsplash, quartz & granite counters, an island w/a breakfast bar, & high-end SS appliances such as a double wall oven & cooktop. Don't miss the cozy breakfast nook! Owner's retreat is a true sanctuary w/double door entry, direct outdoor access, sitting area, & an elegant ensuite comprised of dual sinks, soaking tub, & a walk-in closet. Continue to your resort-like backyard, complete w/an extended covered patio, built-in BBQ, fire pit, built-in bench, citrus trees, & a refreshing pool & spa w/rock waterfall. This gem has everything you're looking for!

50617 N 296th Avenue Wickenburg, AZ 85390

$997,000
4 Beds
3 Baths
2,986 SqFt
Status Active
MLS # 6664180
Property Type Single Family Residence
Price Type --
Beautiful secluded custom house & detached 3-car garage on 5 acres. The long concrete driveway, lined with Palomino Gold Rock, frames the house with a welcoming front covered patio & large Vegas. House is open floor plan with spacious kitchen, granite countertops & generous Knotty Alder cabinet storage. Live-in family or guests will enjoy a guest suite with kitchen area, living room, bedroom, full bath & private entrance. One bedroom is currently used as an office, furnished with a wrap-around desk & credenza. The Courtyard includes a stunning water feature by renown rock artist Pete Incardona. The 3-car garage is deep & oversized to provide for your toy storage & a workshop. The property has a private well & 30 stately Saguaro. Some furniture & furnishings included.

14466 N 14th Street Phoenix, AZ 85022

$997,000 - 4Br/3Ba -  for Sale in Legacy At The Pointe, Phoenix
Open House
$997,000
4 Beds
2.5 Baths
2,832 SqFt
Status Active
MLS # 6753550
Property Type Single Family Residence
Price Type --
Welcome to a one of a kind home in the prestigious Moon Valley at the base of Lookout Mountain. Conveniently located, its tucked away in a Cul De Sac with rare panoramic views. Enter through the 12' front door, a bright entry and high ceilings welcome you with natural light. Walk into the large kitchen and great room, with 360 views of mountains. This well maintained home, includes updated features from top down window shades, an oversized waterfall island, new spa, 2 2020 Trane AC units and roof. (See features sheet) The outdoor area is ideal for entertaining or a private quiet evening to watch the sunset. Private, close proximity to premier restaurants, cafes, shopping, Lookout Mtn trailhead, Moon Valley and Pointe Golf Clubs. Come see this hidden gem best keep secret community of 85022

4290 E Sierra Madre Avenue Gilbert, AZ 85296

$996,500
4 Beds
3 Baths
3,072 SqFt
Status Active Under Contract
MLS # 6766935
Property Type Single Family Residence
Price Type --
Immaculate barely lived-in Taylor Morrison 4 bed/3 bath N/S facing home with 3 car garage located in the highly sought after park and lake community of Morrison Ranch! Private corner lot adjacent to a large green belt. Energy efficient for low summer electric bills. The pristine condition conveys the feeling of a new home! Plantation shutters and silhouette blinds for privacy. Living room area upon entry to the left and a full bathroom and large bedroom on the right side. Huge walk in pantry and butler area with glass cabinets adjacent to the kitchen. The spacious gourmet kitchen with plenty of counter space offers a five Burner Gas Stove and powerful exhaust hood. Lovely stainless appliances. Host events on the huge granite kitchen island with seating for multiple guests. Notice the abundance of staggered cabinetry above and even more space below to fill any cooking or storage need. Large den/office directly across from the kitchen. The spacious great room/dining area with ceiling speakers is perfect for movie watching or entertaining. Split floor plan with plenty of privacy. Additional two bedrooms and full bathroom are north of the kitchen. The primary bedroom features ample windows with a view of the pool. Check out the large maze-like closet but don't get lost! Bathroom features a split soaking tub with frosted glass window and large walk-in shower. You will notice custom soft ''night lighting'' that appear and slowly fade away under the bathroom cabinetry for safe passage at night. Large covered porch. Space and wiring for a Jacuzzi hot tub. The private back yard is ideal to relax year-around in the sparking heated pool w/water features, all tastefully surrounded by extended travertine. Security cameras. Over 60k in recent upgrades, please see description tab for additional info. Down the street in the opposite direction (West) are a series of extremely large parks/green belt areas, overed Ramada and playground area. Your pets and family will be ready to explore! Easy access to both the 60 & the 202 freeways. Dining/shopping/entertainment are just minutes away. You will absolutely LOVE this home!

8100 E Camelback Road Unit 178 Scottsdale, AZ 85251

$995,990
3 Beds
2 Baths
2,254 SqFt
Status Active
MLS # 6758472
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Cameldale, the highly sought-after, exclusive guard-gated community in the heart of Scottsdale. This is the only home currently available in Cameldale, and it won't last long! With 2,254 sq. ft. of luxurious living space, this 3-bedroom, 2-bathroom home is perfect for your most discerning clients. As you enter, you're greeted by soaring 12 ft ceilings in the spacious great room, which features a custom stone fireplace with propane insert, designer archways, and beautiful rounded corners. To the right, is the bedroom currently used as an office with solid wood built-ins and updated lighting, ideal for working from h The gourmet kitchen is a chef's dream, complete with high-end wood cabinets (dovetail construction), granite countertops, and premium Bosch appliances. Enjoy thoughtful details like pull-out spice racks, dual garbage bins, and a farm sink. The kitchen flows into an additional living area with sliding Anderson doors, leading to the outdoor oasis. Step outside to your private patio, where you'll find a fire pit, custom misters, a fountain, and commercial-grade heaters - all surrounded by mature trees and lush landscaping. The space is perfect for entertaining or enjoying peaceful Arizona evenings. The primary suite is a true retreat with space for a sitting area, private patio access, and an opulent en-suite bathroom featuring double sinks, a jetted whirlpool tub, heated towel racks, and a luxurious walk-in shower with a sitting bench. The oversized walk-in closet is fully outfitted with custom shelving, offering plenty of storage. The second bedroom, situated for maximum privacy, is adjacent to a full bathroom with extra storage. A full laundry room with matching cabinetry and sink leads to the immaculate garage, which offers additional storage and a stunning finished floor. This home has been meticulously upgraded with custom cabinetry, Sherwin-Williams classic neutral colors, and electrical enhancements. Tile flooring runs throughout, with plush carpet in the bedrooms. Immaculately maintained and move-in ready, this exceptional property is ready to go! Don't miss your chance to own in one of Scottsdale's most exclusive communities! --- Dolly Bayne REALTOR®

5289 N Via Sempreverde -- Tucson, AZ 85750

$995,800
3 Beds
2 Baths
1,950 SqFt
Status Active
MLS # 6744264
Property Type Townhouse
Price Type --

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