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.

What’s Your Home Worth?

Search for Your New Home

7151 E Rancho Vista Drive Unit 2007 Scottsdale, AZ 85251

$925,000
2 Beds
2 Baths
1,252 SqFt
Status Active
MLS # 6729347
Property Type Apartment
Price Type --
Welcome to this breathtaking 2 bed, plus den/office 1271 sq ft condo. The entire condo has been professionally remodeled and furnished with modern contemporary upgrades. Upgrades include Grohe fixtures, Custom lighting throughout, Dimplex E-Fireplace, Perlick Wine Cabinet, Miele Dishwasher, GE Cafe Refrigerator, Electric blinds, Gorgeous California Closets, Toto bidet toilets, and many more top of the line features. Unit also includes 2 side by side parking spaces (1 with electric charger) and a storage unit.Rarely does an Optima condo offer such captivating views of the pool and premium features.Top-of-the-line amenities in the luxurious Optima Camelview Village, with it's unbeatable location & state of the art architecture. Amenities include- Two Outdoor Zen Pools, Spas & Bbqs One located at each side of the community (heated year round). 24,000 sq. ft. Fitness Center. Mens & Women's Locker Rooms w/ Steam Rooms, Showers and Private Lockers. Indoor Lap Pool & 2 Spas (Heated year round), On-site concierge, Putting green, Hybrid Basketball / Pickle-ball Court, Racquet ball court, On-site restaurant (metropolis), shopping, conference room, 24/7 Security, Reservable party room and multi-purpose fitness/yoga room.

7003 W Corrine Drive Peoria, AZ 85381

$925,000
5 Beds
3 Baths
3,381 SqFt
Status Active
MLS # 6723812
Property Type Single Family Residence
Price Type --
Nestled on almost an acre of mature landscape, this timeless estate presents a harmonious blend of history and modernity. Boasting 50 years of rich heritage, the residence has been meticulously remodeled to epitomize contemporary luxury honoring its traditional roots. Step inside to be greeted by an ambiance of warmth and sophistication. The interior spaces embrace natural light creating an inviting atmosphere beckoning you to indulge in the comforts of home. Dual master suites allow you and your guests to unwind in a multi-generational home. Exterior features over 1200 square ft of pavers, custom fire pillars and firepit out front, as well as an in-ground heated spa in the back. Don't miss this opportunity to settle into this custom Tudor styled home in the heart of Peoria

3701 E Canyon Way Chandler, AZ 85249

$925,000
5 Beds
3.5 Baths
3,827 SqFt
Status Active
MLS # 6728525
Property Type Single Family Residence
Price Type --
Welcome to this stunning and spacious home in the highly sought-after Old Stone Ranch community! This exceptional residence features 5 bedrooms and 3.5 bathrooms, offering an ideal blend of luxury and functionality. Upon entering, you'll be greeted by a versatile layout that includes a separate office, a bedroom with its own en suite bathroom, a formal dining room, and a cozy den—all conveniently located on the main floor. The heart of the home is the expansive kitchen, which boasts elegant granite countertops, high-end stainless steel appliances, upgraded cabinets, and a butler's pantry for additional storage. Step outside to discover an oversized backyard that transforms into a private retreat. Dive into the large pebbletec pool, relax in the spacious grass play area, or cultivate your green thumb in the dedicated garden space. The backyard also features multiple fruit trees, an RV gate, and patio pavers, making it perfect for outdoor entertaining and leisure. Situated in a peaceful setting with single-story homes adjacent to the property, this home offers a serene environment while still being conveniently close to schools, parks, community trails, and ponds. With its fantastic Chandler location and exceptional amenities, this home truly has it all. Don't miss the opportunity to make it yours!

1861 E Aster Place Chandler, AZ 85286

$925,000
4 Beds
3.5 Baths
3,057 SqFt
Status Active
MLS # 6727340
Property Type Single Family Residence
Price Type --
In the highly desirable area of South Chandler, this exquisite 4-bedroom, 3.5-bathroom single-level home PLUS an office is nestled in a boutique gated community. As you enter, you are greeted by 10' ceilings and an expansive open floor plan. The upgraded kitchen features gas cooktop, staggered cabinetry and a large island that doubles as a breakfast bar. Primary suite is complete w/ an en-suite bathroom featuring dual vanities, soaking tub, separate shower and two spacious walk-in closets. One of the additional bedrooms offers an en-suite bathroom, perfect for guests. The backyard is a private oasis designed for relaxation & entertainment w/pergola, natural gas fire pit, water fountain, built in BBQ and garden beds. Convenient to top-rated schools, restaurants, shopping and freeway access

39705 N 3rd Street Phoenix, AZ 85086

$925,000
3 Beds
3 Baths
2,905 SqFt
Status Active
MLS # 6752200
Property Type Single Family Residence
Price Type --
Discover modern elegance in this stunning custom home. Newly built with 12-foot ceilings and sleek tile floors throughout, it features a gourmet kitchen with a large island, quartz counters, and beautiful white cabinets. Relax by the cozy fireplace or enjoy the breathtaking mountain views through a wall of glass sliders. The split floorplan ensures privacy, and plantation shutters throughout add a touch of sophistication. Set on 1.4 acres, the expansive backyard offers endless possibilities. The next-gen separate garage includes an EV outlet and its own entrance. Embrace refined living in this exquisite property!

15613 E Palomino Boulevard Fountain Hills, AZ 85268

$925,000
3 Beds
2 Baths
2,564 SqFt
Status Active
MLS # 6739401
Property Type Single Family Residence
Price Type --
Welcome to this breathtakingly remodeled home, showcasing an array of custom features and luxurious upgrades. This property offers an unparalleled living experience with its modern amenities, exquisite design, and stunning views of the famous scenery Fountain Hills is known for, including the fountain. The heart of the home is the brand-new living room, featuring a custom floor-to-ceiling stone wall that highlights a Dimplex electric fireplace, flanked by custom shelves with tile mosaic backs and dimmable lights above every shelf. It's a perfect place to display artwork.Step outside into your private pool and spa oasis, custom-designed and added in 2020. The heated pool and spa are adorned with stunning stone tiles, cascading water features, and a large Baja shelf, creating a perfect retreat for relaxation and entertainment. The backyard also features easy-to-care-for turf, adding to the low-maintenance luxury of this home. Inside, you'll find custom flooring throughout and a brand-new guest bathroom with all new plumbing fixtures, metropolis stone countertops, a stunning custom mosaic tile feature wall, and a walk-in shower with floor-to-ceiling stone tiles. The walls and ceilings have been newly painted, enhancing the fresh and modern feel of the home. The upgraded kitchen boasts new modern panels, new appliances, stunning stone countertops, stone flooring, a new sink, and new plumbing fixtures. New Infinity sliding glass doors have been installed off the living room and primary bedroom, seamlessly connecting indoor and outdoor spaces. Additional features include a fully remodeled primary shower room, a custom wrought iron front door with new side panel windows, new modern fans and light fixtures, a brand-new and upgraded underground irrigation system, retractable sun shades in the dining area, a new modern garage door, and a new outside tile patio. The HVAC units were replaced in 2019 and 2022. This home is a true gem, offering luxury, comfort, and modern conveniences in every corner. Don't miss out on this incredible opportunity to own a piece of paradise! Please see the full list of upgardes under the document tab

40016 N 1st Place Phoenix, AZ 85086

$925,000
4 Beds
3 Baths
2,614 SqFt
Status Active
MLS # 6741149
Property Type Single Family Residence
Price Type --
This stunning Desert Hills custom home was meant for entertainment! Spaciously laid out floorplan with 12' ceilings and a kitchen with wood cabinetry, granite counters, double ovens and stainless-steel appliances. Step outside and enjoy the negative edge pool, swim up bar, cabana and built-in barbeque. Side yard set up for dogs with artificial grass and their own doghouse! Freshly painted inside and out in 2023. Oversize 4 car garage offers lots of storage. Plenty of room to add a horse set-up, shop or RV garage in the open area at north end of property. * Antler fixture in kitchen area and Entry fixture (as seen in photos) do not convey and have been swapped out by seller.*

1301 E Sheridan Street Phoenix, AZ 85006

$925,000
3 Beds
2 Baths
2,600 SqFt
Status Active
MLS # 6743525
Property Type Single Family Residence
Price Type --
VERY RARE HISTORIC OPPORTUNITY! This amazing home has all the intangibles and charm a house should have starting with being registered as a Class 6.1 owner-occupied historic home with a 50 % tax reduction. The main 1925 house was seamlessly upgraded with additional permitted sq. footage to include a whole new wing of the house in 2014 with a fantastic primary bedroom, bathroom, family room, laundry room, and AN AMAZING BASEMENT. BEAUTIFUL LAP POOL. Electric gate for privacy, large oversized 1 car garage. SMART TECHNOLOGY UPGRADED to include surround sound throughout the house, Wifi thermostats, Wifi garage and gate, Kasa lighting app, 8 security cameras, & Rachio drip system. Meticulously maintained with mature landscaping, this is definitely A MUST SEE! A TRUE CORONADO DREAM HOME!

18226 W Marshall Court Litchfield Park, AZ 85340

$925,000
4 Beds
3.5 Baths
3,798 SqFt
Status Active
MLS # 6742054
Property Type Single Family Residence
Price Type --
One of the greatest floorplans EVER! Elegant entrance w/fountain and stunning custom door w/designer touches throughout this inviting floorplan. Details like two-way fireplaces, niches, storage areas abound. Gourmet kitchen features granite, huge walk-in pantry, staggered cabinetry, travertine backsplash, island, sleek high end appliances w/gas cooktop & double ovens, and pot filler. Butlers Panty w/wine rack! Main suite is spa like retreat w/sitting area, walk-in shower, 2 huge master closets, fireplace adds ambiance to both the bed & attached bath. Teen suite w/game rm and 2bedrms. 2nd Master suite has own entrance! Versi-stone flooring & wood-look tile in bedrooms. Lovely turf area/putting green, custom fountain, paver patio, RV hookup, 3G w/cabinets, garden bed, pet door w/enclosure. Personally one of the best floorplans I have seen! Outside storage shed, custom lighting changes color, energy efficiency with 1 newer A/C. Large laundry room with tons of cabinets. This home has so much storage, there are so many details that make this a very RARE find! Check out the price per sqft compared to others in the area! Great Value for this luxury home.

2728 W Adventure Drive Anthem, AZ 85086

$925,000
5 Beds
4 Baths
3,807 SqFt
Status Active
MLS # 6746985
Property Type Single Family Residence
Price Type --
Welcome to your dream home nestled near Daisy Mountain. This exquisite 5-bedroom, 4-bathroom residence boasts 3,807 sq ft of luxurious living space. From plantation shutters to granite countertops throughout, every detail has been thoughtfully designed for both comfort and style. The chef's kitchen features a custom mega granite island, induction stove, and premium finishes. The open floor plan seamlessly connects the living areas, perfect for entertaining. Enjoy breathtaking views of Daisy Mountain from your private balcony. Equipped with a Kitchen Aid gas and charcoal BBQ, ideal for alfresco dining. Relax in your private gazebo or soak in the hot tub or private pool after a long day. The extended garage can accommodate larger vehicles, and the insulated garage doors and a/c mini split a allows the garage to become another location for working, gathering or making memories. This home is perfect for discerning buyers seeking a blend of luxury, comfort, and unparalleled views. Whether you're hosting family gatherings or seeking a tranquil retreat, this property offers it all. Don't miss the opportunity to own this exceptional home in a prime location.

16674 S 18th Way Phoenix, AZ 85048

$925,000
5 Beds
3 Baths
3,093 SqFt
Status Active Under Contract
MLS # 6750560
Property Type Single Family Residence
Price Type --
Experience luxury living with this stunning 5-bedroom, 3-bathroom home situated on the picturesque Foothills Golf Course with South Mountain views. This two-story masterpiece combines modern sophistication with breathtaking natural beauty, offering a perfect blend of comfort and style. Step into the newly remodeled kitchen -- a chef's dream, featuring sleek new appliances, contemporary cabinetry, gorgeous expanded island and elegant countertops & backsplash and a huge pantry. Enjoy the open-concept layout, perfect for both everyday living and entertaining. The home features a striking stacked stone fireplace, adding a touch of warmth to the Family room. An updated glass and metal front door creates a welcoming entrance to the front living/ dining area with floor to vaulted ceiling windows with beautiful shutters , while a new 12-foot glass slider seamlessly connects the Family Room and kitchen to the outdoor oasis, inviting you to enjoy stunning sunset views from the comfort of your home. The five generously sized bedrooms provide ample space for relaxation and privacy. The newly remodeled bathrooms offer modern fixtures and finishes, ensuring a spa-like experience. With a 3.5-car garage, you'll have plenty of space for vehicles, Including an EV charger, storage, and hobbies, making this home as functional as it is beautiful. Add in the bonus of a paid off Solar and you really add to the value of this gorgeous property! Step outside to your private backyard and take in the mesmerizing sunset views over the Estrella Mountains. This serene setting is perfect for outdoor dining, relaxation, enjoying your pool and the natural beauty of South Mountain too! This exceptional Foothills Golf Course home combines modern updates with stunning natural vistas, offering a unique living experience. See this home today and step into a home where luxury and tranquility meet.

4649 N 74th Place Scottsdale, AZ 85251

$925,000
3 Beds
2 Baths
1,296 SqFt
Status Active
MLS # 6759410
Property Type Single Family Residence
Price Type --
Don't miss out on this incredible investment opportunity in the sought-after Old Town Scottsdale area! This three bedroom, two bathroom home is ideally situated within walking distance to all the attractions, dining, and shopping that Old Town has to offer. The standout feature of this property is the detached 400 sf building currently being used as a garage, which has the potential to be transformed into an additional 2BD 1BA, game room or guest house. With an additional 8 parking spaces available in the front of the home, there is ample space for guests or tenants. This property is a perfect opportunity for an investor looking to capitalize on the growing demand for short term rentals and Airbnb accommodations in the area. The prime location and versatile layout make this home a lucrative option for those looking to generate rental income. By converting the detached garage and the front garage into living Spaces, it gives you the opportunity of turning this property into a six bedroom four bath home. With up to 600 sf of additional living space. Take advantage of this chance to own a property in one of Scottsdale's most desirable neighborhoods!

Leave a Reply

Your email address will not be published.