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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13034 W Krall Court Glendale, AZ 85307

$939,500
5 Beds
3 Baths
3,136 SqFt
Status Active
MLS # 6758035
Property Type Single Family Residence
Price Type --
Welcome to this stunning home, perfectly situated on an expansive 18,000+ sq. ft. corner lot inside the sought after, gated Dysart Ranch community. Spanning over 3,100 sq. ft., this spacious, single level floor plan offers 5 bedrooms, 3 full baths, and a wealth of elegant living spaces. The open-concept kitchen and family room seamlessly connect, while the formal living and dining rooms, featuring updated plank flooring, provide the perfect setting for special occasions. The luxurious primary suite is a true retreat, with a single French door leading to the patio, dual vanities, a soaking tub, a glass block-enclosed shower, and a walk-in closet. The bright and airy kitchen is an entertainer's dream, boasting a built-in refrigerator, wall oven/microwave, gas cooktop with a custom hood, and an abundance of cabinet space. Step outside to your own private oasis, where an extended covered patio invites relaxation. The separately-fenced Pebble-Tec heated pool sparkles, surrounded by flagstone and paver finishes, a built-in BBQ and a lush grass area with trees. The block wall construction and fully owned 16kW solar PV system add to the energy efficiency. This home also features a passthrough 3rd-car garage bay and RV gate, offering ample space for your vehicles and toys. Located just minutes from the Cardinal's stadium, Westgate Entertainment District, golf courses and more, this home offers the perfect blend of luxury and convenience. Don't miss this rare opportunity!

3835 Portofino Way Sedona, AZ 86336

$939,000
3 Beds
2 Baths
1,932 SqFt
Status Active
MLS # 6778514
Property Type Townhouse
Price Type --
PRICED TO SELL! SELLERS IS OPEN TO CONCESSIONS! Come see this UNIQUELY UPDATED townhome, located in the West Sedona GATED community of Park Place which is located in the heart of Sedona, renown for its exquisite scenery and breathtaking Red rock views. This home is only 10 months old and is a better VALUE than newbuild options that do not come fully updated. PERFECT for a 2nd home or a full-time residence. 100% TURNKEY- ALL furniture included. Nearly 2000 sq ft, 3 bed/2 bath with a chef's kitchen! Custom upgrades include a huge island beautiful crafted with just 1 PIECE of QUARTZ, oversized high-end gas-cooktop & kettle faucet. The walk-in shower in the Master Bath boasts gorgeous custom tile not found in any other home in the community. Full size covered back patio to enjoy Sedona's beautiful weather. This turnkey townhome has everything you need!

6988 E Bourbon Way Prescott Valley, AZ 86315

$939,000 - 3Br/3Ba -  for Sale in Copperfield, Prescott Valley
Open House
$939,000
3 Beds
3 Baths
2,913 SqFt
Status Active
MLS # 6732234
Property Type Single Family Residence
Price Type --
Fantastic NEW 2913 Square Foot....Semi Custom Home by Dan Warta Construction, on a Premium 4 Acre VIEW Lot with PAVED ACCESS..... in Highly Sought After COPPERFIELD Subdivision w/40+ GPM Well and Outstanding Views of Granite Mountain in the back and Mingus Mountain in the front!!! Home features 3Bedrooms/2.5Bathrooms/3CarGarage + Office/Den & Flex Room, Formal Dining, Open/Split Floor Plan, 2 Tone Paint, GREAT ROOM Concept, Luxury Vinyl & Upgraded Carpet, Ceiling Fans, Gas Fireplace w/Solid Stone Chimney Face, & has Energy Efficient SPRAY FOAM Insulation w/fresh air exchanger along with Energy Efficient DUAL Fuel HVAC System. Gorgeous Kitchen with Knotty Alder Cabinetry having Soft Close Doors & Drawers, Dove Tailed Drawer Fronts, 100% Extension, GRANITE Countertops, Tile Backsplash, Under Cupboard Lighting, Large ISLAND & Pantry, Breakfast Bar, & Eat In Kitchen Nook. Master Suite is Spacious, has dual Sinks on GRANITE w/4 Granite Back Splash, Lg Shower w/tiled surround, Soaking Tub, large Walk-In closet with popular direct access to Lg Laundry Room w/Upper and Lower Cabinetry, Folding area, & Laundry Sink. Additional amenities include Solid Stone Accents, Paver Driveway/Walkway/Patios, Oversized 3 Car Garage, and is at the end of a PRIVATE Cul de sac.

41509 N Anthem Ridge Drive Anthem, AZ 85086

$939,000
4 Beds
3.5 Baths
2,980 SqFt
Status Active
MLS # 6765624
Property Type Single Family Residence
Price Type --
Check out this stunning Monterey in Anthem Country Club situated on an over-sized 1/4+ acre lot. Stunning iron front door! Updated home with chef's kitchen featuring GE Monogram appliances, granite with beveled edging, custom chandeliers & backsplash, pendant lights & raised panel white cabinets. Relaxing spa style primary suite remodeled to include marble countertops, porcelain tile, stone walk-in shower, stand-alone tub, custom lighting & private exit to patio. Entertaining backyard includes sparkling pool with elevated spillover spa, covered patio, BBQ island, outdoor dining area, gas firepit, extended paver & flagstone patio, large synthetic turf side yard with RV gate. Custom designs and finishes throughout! French doors on bonus room/den/formal living area open to private side patio

2116 N 81st Circle Mesa, AZ 85207

$939,000
5 Beds
2.5 Baths
3,760 SqFt
Status Active
MLS # 6778035
Property Type Single Family Residence
Price Type --
A home where memories are made and remembered with joy and love. This home is conveniently located in a cul-de-sac and backs to the grassy community park on two sides. Pride of ownership allows for entertainment on almost almost 1/2 acre premium lot. Perfect split floor plan with plenty of upgrades. Granite countertops, 2 kitchen islands, large travertine tile, newer carpet, stone wall decor, maple wood ceiling in living room and kitchen. Home has 5 large bedrooms along with an office that can be converted into a 6th bedroom if needed. Very quiet & peaceful neighborhood with mountain views. Excellent school district. We are offering this home $100k less than comparable homes so that you can put in a pool. Make an offer today and let your happiness and dreams come true.

18305 E Adobe Way Rio Verde, AZ 85263

$939,000
2 Beds
3 Baths
2,479 SqFt
Status Active
MLS # 6778398
Property Type Single Family Residence
Price Type --
Paradise in the Tonto Verde Gated 55+ Golf Community. Turn-key home with spacious east facing front patio to enjoy sunrise or sunset on the mountains. Great room with patio access, views, fireplace, adjacent to dining & kitchen. Main dining room with views of mountains, buffet w/storage, built in desk. Kitchen with abundant counter space, storage, center island, breakfast bar, and passthrough window to back patio. Guest suite w/ back patio access and 3/4 bath. Spacious Primary suite at north end of house with patio access. Bath with tub, walk in shower, dual vanities, walk in closet. Den/Office with built in desk, slider to private back patio. Stairway to the stars with panoramic views! 2 car plus golf cart garage. Passthrough TV golf membership available for purchase.

18888 E Apricot Lane Queen Creek, AZ 85142

$939,000
4 Beds
3.5 Baths
3,543 SqFt
Status Active Under Contract
MLS # 6749178
Property Type Single Family Residence
Price Type --
Stunning home in the coveted lake community of Legado built just 3 years ago, this 4 bed 3.5 bath with a bonus/game room will not disappoint! Tucked into the back of the community, privacy is guaranteed as the backyard faces a quiet wash/walking path. Very few expenses were spared in the build process and is as turn key as a home can get. The formal dining could easily be converted to an office or 5th bedroom if desired.

7171 W Quarter Horse Run Coolidge, AZ 85128

$938,999
5 Beds
4 Baths
3,955 SqFt
Status Active
MLS # 6713714
Property Type Single Family Residence
Price Type --
$20,000 worth of seller concessions being offered. Rates are too high use this to get the 2/1 buy down and saving Thousands. This over 1 acre stunning horse property includes paid off solar panels, sparkling pebble-tec salt water pool and expansive views along with the perfect space for both indoor and outdoor entertaining. Located on a quiet cul-de-sac, you will note immediate curb appeal with an expansive courtyard leading to your stunning oversized decorative arched front door. Upon entry you will enjoy the open floor plan of the foyer along with the formal living room and dining room. Enjoy the soaring ceilings and crown molding as the picture windows offer views of the backyard giving an airy feeling. The kitchen gets a chef's kiss with the matching Samsung black stainless steel appliances including a 5 burner propane stove, beautiful quartz countertops and family size butcher block island with seating. Soft close kitchen cabinets and drawers including a stand mixer lift make this a bakers paradise. Don't miss out on the walk-in pantry with custom electric shelf carousel and fully adjustable shelvings. Split floor plan along with a Master suite wing offers much needed privacy and respite after a busy day. With this layout you get it all including his and hers closets, a large master bath with a stand alone tub offering premium views and an open and spacious master bedroom with gorgeous plantation shutters. Ample room for the rest of the family with 4 additional oversized bedrooms, 2 full bathrooms and 1 3/4 bath means easy living for all. Upstairs you will find your oversized flex space big enough for a game room or additional oversized bedroom. Enjoy energy efficiency with this beautiful home with paid off solar panels, sun shades on the majority of the multi pane windows, new spray foam insulation throughout including the garage ceiling and dual zoned AC means you're comfortable without breaking the bank. If you enjoy outdoor living and room for all your furry friends then look no further. The large backyard with a beautiful curved pebble-tec saltwater pool has been impeccably maintained. Large seating area with ceiling fan, new turf and a large gazebo area ensure that you have every opportunity for star-gazing in your backyard oasis. On one side of the yard the horse lovers can enjoy plenty of space including 3 outdoor stalls, a walk in shade with water access near your large multi purpose barn with tack room, loft for storage and room for all the toys including an RV round out this very full package. Flex space on the far side of the yard has room for more outdoor pets and includes a chicken coop or use this space for the perfect garden and enjoy fresh veggies right from your backyard. This home truly offers the perfect blend of indoor/outdoor living in a quiet, small community just a short drive from I-10.

9532 E Knoll Circle Mesa, AZ 85207

$938,900
3 Beds
2 Baths
2,410 SqFt
Status Active
MLS # 6775925
Property Type Single Family Residence
Price Type --
This stunning FURNISHED single level home is located in the lovely gated community of Boulder Mountain, nestled amongst the foothills of the Mesa desert and adjacent to Usery Mountain Regional Park. The property has been meticulously maintained & updated - featuring 3 bedrooms, an executive office, 2 bathrooms, plantation shutters throughout, 3 car garage w/ coated floors and a front security door. Entertaining is a breeze in the updated kitchen which includes KitchenAid stainless steel appliances, KraftMaid cabinetry, an oversized island, granite countertops and a built-in bar with wine fridge. Step outside to the tranquil backyard offering a newly refurbished heated pool & spa, covered patio with sunshades and a large mounted flat screen TV. For updates, repairs & other info: See tab For added peace of mind replacements include: New appliances 2018; A/C & HVAC 2019; pool equipment, lining and decking 2019; tankless water heater 2021; landscape irrigation 2021; new roof 2022; electric fireplace 2018; paint: interior 2018, exterior 2023, touch ups completed inside & out Oct. 2024; A/C units serviced Oct. 2024. Owner was a licensed contractor. Gas is available for a gas cooktop, but has been capped. Property is stubbed for a gas outdoor grill.

Show Low AZ 85901

$938,500
3 Beds
2 Baths
2,530 SqFt
Status Active
MLS # 6675048
Property Type Single Family Residence
Price Type --
As you drive up to the top of the curved stamped driveway onto the parking area you will realize this is like no other home. You will find this is a unique property like none other. Everywhere you look there are unbelievable views inside and out. A wine barrel waterfall with clover and flowers surrounding it, is peaceful and beautiful. Also there is a beautiful flower garden surrounded with a lighted split rail fence and seating to enjoy it. Everything is on automatic watering systems. Your own private hillside haven is ready for you, family, and friends to enjoy! This home is made for relaxation, breathtaking views, and peace of mind. Don't let this one slip away !!! Own Your Slice Of Heaven! Million dollar views! HILLSIDE GETAWAY. Breath taking views from every window! The large Master suite has his and her walk in closets and an attached ensuite that has separate sinks, shower and a Jacuzzi tub. PLUS APX 1874 sq ft underneath home which consists of apx 693 sq ft completely finished bonus/hobby room or whatever, you can even store your toys in there where they will be completely safe!! Then there is another apx 1,181 sq ft concreted sq ft for ample storage + a 3 car garage!! A tankless water heater, and all bedrooms have access to their own expansive decks, help round out the extras in this awesome home. Exterior offering concrete driveway, sidewalks...and so much more...This home may be purchased partially or fully furnished for an additional price.This home is set apart from others because it has unbelievable privacy, serenity and peacefulness. Has huge front and back decks for relaxing and entertaining. It also has a huge cemented storage space and spectacular landscaping in the back yard with automatic watering system. Enjoy the forest with the occasional sighting of a deer, elk or other wildlife, yet you are only 5 to 10 minutes from shopping and hospital. The neighborhood is composed of those who love nature, the outdoors and the cool climate. Don't hesitate on this one!

10522 E Morning Star Drive Scottsdale, AZ 85255

$938,000 - 3Br/2Ba -  for Sale in Mcdowell Mountain Ranch, Scottsdale
Open House
$938,000
3 Beds
2 Baths
1,963 SqFt
Status Active
MLS # 6737507
Property Type Single Family Residence
Price Type --
AZ Resort Style living at It's BEST! Just bring your toothbrush/clothes! Being sold w/furnishings, dishes, kitchenware & linens! This lovely home is a 3 bedroom/den, 2 bath. Remodeled. Elegant neutral palette thru out. Chef's Kitchen w/quartz countertop ,island /breakfast bar & stainless steel appliances. Kitchen open to family room. Entertainers delight! Large primary bedroom w/ walk-in closet & spa like ensuite w/ dual sinks, custom tile shower & garden tub. Den can easily be converted to 4th bedroom. Whole house H2O system. Relax in your private backyard oasis. Salt Water Pool w/newer equipment. New HVAC system in 5/2023. Backs to Wash/Amazing Sunsets & desert views! Near Community Park: Pool, Spa, Tennis, Pickleball, Splash pad, golf & more! This is it! WOW!

20458 N Enchantment Drive Surprise, AZ 85387

$936,900 - 3Br/3Ba -  for Sale in Sun City Grand Enclave, Surprise
Open House
$936,900
3 Beds
2.5 Baths
3,411 SqFt
Status Active
MLS # 6773642
Property Type Single Family Residence
Price Type --
Very nice Windsor estate home has great curb appeal with lush landscaping. Entering this home you have neutral tile throughout except the bedrooms have carpet. High ceilings with large windows looking out to your golf course and mountain views with awesome sunsets. All rooms have custom ceiling fans with lights. Living room and formal dining room look out to your kitchen and family room. The kitchen has white cabinets with lots of drawers, corian countertops with stone backsplash, smooth cooktop stove, white appliances and walk in pantry. Your eat in kitchen area has a bay window and french door going out to your patio. Guest bedroom 1 has wall to wall closet and great golf course views. Guest bathroom has a raised vanity with tiled step in shower. Guest bedroom 2 has a large... walk in closet. Your large master suite has a large bay window looking out to your patio and golf course. Master bathroom has double raised vanities with double sinks, deep soaking tub, large walk in tiled shower and his and her walk in closets with shelves. Your extended covered patio has cool decked flooring and built in spa. A fenced yard with real grass, great views of #17 hole on the Cimarron golf course. Awesome mountain views with sunsets makes this a very majestic backyard. Your large laundry room has utility sink and lots of cabinets and counter space. This home is walking distance to the Cimarron Center community pools and pickleball. This home is a gem and a must see to appreciate all it has to offer!

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