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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9107 W Fossil Creek Road Strawberry, AZ 85544

$945,000
4 Beds
3 Baths
2,248 SqFt
Status Active Under Contract
MLS # 6755640
Property Type Single Family Residence
Price Type --
This 6.61 acre mini ranch is a fantastic opportunity for those looking to embrace a real lifestyle with modern conveniences. The property features two houses, making it ideal for multi-generational living or as a rental income opportunity. The main house has 2 bdrm, 2 ba, complete with an oversized garage for ample storage. The guest house, recently remodeled, also includes 2 bdrm and 1 bath and a workshop (comes furnished). Both residences boast newer metal roofs and updated heating and cooling systems, ensuring comfort and efficiency. The expansive land is perfect for equestrian activities, chickens and goats, providing a versatile space for various farming and ranching pursuits. Zoned TR, the property presents numerous possibilities for future development or enhancements. The proprty has a well in working order--property is also hooked up to PSWID. Whether you are dreaming of a future development or enhancements. The property has a well in working order--property is also hooked up to PSWID. Whether you are dreaming of a private retreat or a functional working ranch, this property is a rare find with great potential. Several out buildings. Property is completely fenced and cross fenced.

12511 W Martin Road Casa Grande, AZ 85194

$945,000
4 Beds
3.5 Baths
3,919 SqFt
Status Active
MLS # 6659536
Property Type Single Family Residence
Price Type --
Located on the north end of town, 25 minutes from Chandler. Sellers are MOTIVATED, will contribute to buying down interest rate.. Wow, this home is truly a gem! Just over an acre provides a generous amount of space. 4 bedrooms & 3.5 bathrooms offer ample accommodation. The primary suite downstairs for convenience with 2 additional rooms upstairs with a Jack & Jill bathroom Upgraded kitchen with new appliances & granite counters. The detached guest suite, spanning 172.5 sqft, adds a private flexible living space. Heated pool, 2 putting greens, 3 storage sheds add great living spaces both inside & outside ensure comfort & versatility. Stunning views enhance the overall appeal of the property. A 3-car garage has epoxy floor & insulated doors. Wow, this home is truly a gem! Let's highlight the standout features: Just over an acre of land provides a generous amount of space. 4 bedrooms and 3.5 bathrooms offer ample accommodation. The primary suite downstairs adds convenience. Two additional rooms upstairs with a Jack and Jill bathroom create a functional living space. Natural light and high ceilings contribute to a bright and airy atmosphere. Upgraded kitchen with new appliances and granite counters reflects modern style and functionality. The detached guest suite, spanning 172.5 sqft, adds a private and flexible living space. A heated pool provides a luxurious touch, Two putting greens, three storage sheds cater to practical storage needs, Great living spaces both inside and outside ensure comfort and versatility. Stunning views enhance the overall appeal of the property. A 3-car garage with epoxy floor and insulated doors adds convenience and functionality. All new exterior light fixtures contribute to the property's curb appeal. Roll-down shades on the patio provide shade and privacy. This home has the perfect blend of comfort, luxury, and functionality. The combination of indoor and outdoor amenities, along with the thoughtful upgrades, creates a space that is not only beautiful but also well-suited for a variety of lifestyles. It's a dream home!

13857 S 37th Street Phoenix, AZ 85044

$945,000
4 Beds
2.5 Baths
3,124 SqFt
Status Active
MLS # 6776694
Property Type Single Family Residence
Price Type --
STUNNING BACKYARD PARADISE,BRAND NEW EXTERIOR VENTED IRON DOORS THROUGHOUT, 3100 SF+ SINGLE STORY,GATED COMMUNITY located in cul-de-sac,across from park!! Spacious NE facing backyard features built-in gas grill island including built-in cooler & seating area,putting green,fire pit,huge covered patio,above ground hot tub,sparkling pool w/waterfall & grassy area. Come see this amazing split-floor plan, 4 bed/2.5 bath home with beautiful outdoor amenities. Separate living/dining areas PLUS open kitchen/great room concept. Gorgeous kitchen with spacious cherry cabinets, crown molding, granite counters & stainless steel appliances. Huge workroom directly off the garage! Master Bedroom suite overlooks backyard. You'll love the separate bedroom wing, large bedrooms, & abundant storage throughout

7780 E Golden Eagle Circle Gold Canyon, AZ 85118

$945,000
3 Beds
3.5 Baths
3,574 SqFt
Status Active
MLS # 6725076
Property Type Single Family Residence
Price Type --
AT A FULL PRICE OFFER, SELLER WILL PURCHASE FOR BUYER A FULL GOLF MEMBERSHIP ($100,000 value) PLUS OFFERED TURN-KEY FURNISHED (minus personal items). LOWEST PRICED $/SF FAIRWAY RESIDENCE IN COMMUNITY! THIS IS A TRIFECTA!!! UPDATED. Wonderful views over the 10th fairway & vistas of a park-like setting of 5 Nicklaus-designed golf holes out the back patio. In Golden Eagle Village on a quiet a Cul de Sac in a quaint Tuscan Village walking distance to the clubhouse. 24/7 manned gate in this Lyle Anderson Community. Only 36-hole private golf & country club in central Arizona & limited memberships. Less than 35 freeway minutes from Sky Harbor. Upgraded interior finishes w/granite counters, 8' solid core doors, stainless appliances. Emtec & Kohler fixtures. North/South orientation. Soaring ceilings. Only 1 traffic light separates owners from the Atlantic & Pacific Oceans.

38500 N School House Road Unit 20 Cave Creek, AZ 85331

$945,000 - 3Br/2Ba -  for Sale in Galloway Ridge, Cave Creek
Open House
$945,000
3 Beds
2 Baths
2,125 SqFt
Status Active
MLS # 6755890
Property Type Single Family Residence
Price Type --
Welcome to luxury living in the heart of Cave Creek! This home is situated on one of the most desirable lots in the community, with gorgeous views to the north and backing to natural open desert wash. With 3 bedrooms, and a den, there is room for everyone. A well-appointed kitchen opens onto the large living space that is perfect for soaking in the views or entertaining friends. Great outdoor living on your professionally designed patio, or by enjoying the community amenities, which include a pickleball court, dog park, fitness center, and pool and spa. This popular Capstone model provides modern convenience and a comfortable design all within walking distance of so much that Cave Creek has to offer. List of upgrades to the home - EV charger,

19583 E Estrella Road Queen Creek, AZ 85142

$944,995
3 Beds
2.5 Baths
2,580 SqFt
Status Active
MLS # 6747946
Property Type Single Family Residence
Price Type --
Stunning Hanson floorplan! This home includes an inviting covered entry, 3 bedrooms + study and 2.5 bathrooms. A large hallway leads into a spacious open great room & gourmet kitchen offering quartz countertops, a built-in microwave and oven, walk-in pantry, large center island & 36-inch gas cooktop with hood. It's the perfect space for entertaining with a large glass sliding door, revealing lots of natural lighting. The lavish primary suite showcases an expansive walk-in closet. The primary bath gives a spa like atmosphere with his and hers sinks & a XL large walk-in shower. You will also be delighted with a convenient laundry inside, a relaxing covered patio, a 3-car garage + RV garage PLUS single side turn garage. This could be your dream home! Ready for move-in December 2024

13208 W Woodstock Road Peoria, AZ 85383

$944,900
3 Beds
2.5 Baths
2,828 SqFt
Status Active
MLS # 6762537
Property Type Single Family Residence
Price Type --
Voted Best Home on Tour! Gorgeous, modern, and shows like a model home with mountain views and plenty of privacy! Built in 2022, this fabulous 3 bedroom, 2.5 bath home also offers TWO FLEX spaces to meet your needs and a FOUR CAR GARAGE! Open floor plan with kitchen opening to the great room and informal dining area. Gourmet kitchen offers quartz counters, upgraded stainless appliances & backsplash, gas cook top, huge island, and tons of white shaker cabinets! Primary suite is split and offers a gigantic spa-like bathroom with super sized shower, fixtures, and walk in closet. Welcoming courtyard with locking custom gate and pavers. Enjoy the community pool & spa, community center, fitness room, walking paths and parks. Just minutes to hiking and Lake Pleasant to enjoy the outdoors.

7343 W Lisbon Lane Peoria, AZ 85381

$944,700 - 3Br/3Ba -  for Sale in Acoma Estates, Peoria
Open House
$944,700
3 Beds
2.5 Baths
2,699 SqFt
Status Active
MLS # 6629569
Property Type Single Family Residence
Price Type --
New luxury homes at Acoma Estates, a gated enclave of 30 homes on oversized lots. Plans from 2,600 to 3,700 square feet, including plans with attached RV garages up to 70 ft in length! 3 spectacular floor plans and gorgeous elevations to choose from. These homes are designed with modern amenities and offer generous living spaces. Located inside the loop 101, convenient to Arrowhead, P83 District, This Cholla plan offers 2,699 Sq. Ft. 3-Car Garage + RV. 10' interior ceilings with 8' interior doors, and many more included features to follow! * This home is currently in the stages of construction. 25K builder incentive toward options/upgrades! * Photos of Model *

3832 W Lodge Drive Laveen, AZ 85339

$944,611
4 Beds
3.5 Baths
3,467 SqFt
Status Active
MLS # 6774420
Property Type Single Family Residence
Price Type --
Located just south of downtown Phoenix along South Mountain, Whispering Hills offers a private gated setting with desert and mountain surroundings. This new, single-story home features designer touches and upgrades throughout, a flex dining area, and an attached 3 car garage. The kitchen boasts Executive GE Café Appliances, Benton Birch Quill and Colada stacked cabinets, 12' ceilings, and Bianco Pearl Quartz countertops. Other features include an enclosed office, an iron front door, black matte door hardware and plumbing fixtures, brushed bronze cabinet hardware - Champagne kitchen and bath fixtures, and 12' ceilings in the great room. The rest of the home includes 10' ceilings as well as upgraded paint in Eggshell Snowbound and upgraded carpet and 24 x 24 tile in Sonata white throughout

18203 E Paria Canyon Drive Rio Verde, AZ 85263

$944,300
2 Beds
2.5 Baths
2,413 SqFt
Status Active
MLS # 6765341
Property Type Single Family Residence
Price Type --
Welcome to the Cordoba in the Guard Gated community of Trilogy at Verde River! This home has 2 bedrooms, 2.5 bathrooms, a den, and beautiful upgrades throughout. You will love the bar in the entryway equipped with 2 beverage refrigerators and wine storage. The kitchen is beautiful with rich cabinetry, quartz countertops, and an island with a breakfast bar. The primary suite is lavish with a pristine ensuite with a dual sink vanity, a soaking tub, a tiled shower, and walk-in closet. The amenities at Verde River are World Class with Tom Lehman-inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

10148 W Avenida Del Rey -- Peoria, AZ 85383

$943,500
5 Beds
3.5 Baths
3,496 SqFt
Status Active
MLS # 6736429
Property Type Single Family Residence
Price Type --
You have an AMAZING OPPORTUNITY to HAVE ''IT ALL'' with this BEAUTY in the HIGHLY DESIRABLE FLORENZA NEIGHBORHOOD*Minutes from SHOPPING, EXCELLENT SCHOOLS, FREEWAYS, and RESTAURANTS, but tucked away in this peaceful community*Your EXPANSIVE GORGEOUS KITCHEN includes BUILDER'S EXTENSION and has OVERSIZED ISLAND, DOUBLE OVENS, cook top, ABUNDANT CABINETS, LARGE PANTRY and custom backsplash*OWNER SUITE has EXTENDED SITTING AREA and TILE WORK AT OVERSIZED SHOWER*You will LOVE the 8-FT DOORS, FANASTIC FLOORING, flowing natural light, and 3-PANEL SLIDING DOOR*This floorplan includes 5 bedrooms, 3.5 baths, so much storage, and a FLEX SPACE*This EASY CARE backyard has TURF and TRAVERTINE PATIO and SURROUND at REFRESHING POOL*COME BY and SEE WHY you will want to CALL THIS PLACE YOUR ''HOME''

26353 N 19th Drive Phoenix, AZ 85085

$941,990
4 Beds
3 Baths
3,271 SqFt
Status Active
MLS # 6655106
Property Type Single Family Residence
Price Type --
4 bedrooms + study + retreat, 3 baths and 3-car garage, this great room design is flush with natural light...perfectly capturing those Arizona sunsets. With large energy-efficient windows, 10' flat ceilings and 8' tall doors, this home offers tremendous sight lines and just feels like 'home.' Perfect for entertaining or hosting this year's holiday dinner, the Gourmet kitchen boasts an oversized island, stainless GE appliances, walk-in pantry, tons of storage and designer-appointed backsplash. Inside the upper-level owner's retreat, personal relaxation is achievable with a spa-like bath boasting a large tiled walk-in shower and gorgeous upgraded countertops & flooring. 2x6 construction and Extensive NEW HOME WARRANTY = peace of mind. Welcome home.

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