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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8648 E San Bruno Drive Scottsdale, AZ 85258

$899,000 - 3Br/2Ba -  for Sale in Suggs Rancho Mccormick, Scottsdale
Open House
$899,000
3 Beds
2 Baths
1,930 SqFt
Status Active
MLS # 6737100
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of McCormick Ranch! This amazing property sits on a MASSIVE lot, with plenty of room to expand the home, build a detached casita, and a pool! Nestled in a PRIME location, you'll enjoy direct access to the scenic biking path along the lake, and a short walk to all your favorite restaurants and bars! Inside, the home has a tremendous layout with three beds and two bathrooms. The open floor plan is designed for both comfort and style, featuring a gourmet kitchen with a wood burning fireplace, spacious living areas, and walk in closets in all bedrooms. Large windows flood the space with natural light, creating a warm and inviting atmosphere. If you're looking for a home in McCormick Ranch with endless possibilities, then this one's for you!

102 E Eugie Avenue Phoenix, AZ 85022

$899,000 - 4Br/2Ba -  for Sale in Cresta Del Oro 2, Phoenix
Open House
$899,000
4 Beds
2 Baths
2,053 SqFt
Status Active
MLS # 6759847
Property Type Single Family Residence
Price Type --
OUTDOOR LIVING PARADISE! Resort style backyard with over $200,000 put into the backyard in 2022. Completely remodeled home in the desirable Moon Valley area. Corner lot with mountain views. Open floor plan with remodeled kitchen, bathrooms, flooring, and lighting. Perfectly manicured inside & out! The private backyard is ready for entertaining with new pool, sunken patio with TV, fireplace, refrigerator and grill. Additional gas fireplace for entertaining into the night. New putting green. New A/C units, newer hot water heater. Leased Solar. Great location close to restaurants, shopping, golf, and parks. Easy freeway access to the 51 and I17. Don't miss out on this one!

3519 E Aspen Court San Tan Valley, AZ 85140

$899,000 - 4Br/3Ba -  for Sale in That Portion Of The North Half Of Parcel 12, Sun V, San Tan Valley
Open House
$899,000
4 Beds
2.5 Baths
2,577 SqFt
Status Active
MLS # 6773189
Property Type Single Family Residence
Price Type --
Luxurious Country Living with horse privileges! This exquisite 4 bedroom, 2.5 bath home is situated on a sprawling 1.4 acre irrigated lot with no HOA restrictions and a large open 4 car garage!! Upon entry, you are greeted with soaring 10' ceilings and an open concept floorplan that offers upgraded finishes throughout including; wood beams, upgraded lighting, shiplap wall accents, wood look tile, upgraded carpet and 5'' baseboards. The spacious kitchen offers not only elegance but functionality with an oversized kitchen island, quartz countertops, floor to ceiling shaker cabinets, induction cooktop, brick backsplash, custom hood and is equipped with beautiful stainless steel appliances including a large built-in refrigerator. Enjoy heading out to your property through the 12' multi panel sliding door.The large covered patio area overlooks the lush property that has been tastefully landscaped and has established grass that is flood irrigated. Bring your horses, toys, and enjoy the country living lifestyle while still being closely located to shopping, restaurants and schools.

17779 E Silver Sage Lane Rio Verde, AZ 85263

$899,000 - 3Br/3Ba -  for Sale in Trilogy At Verde River, Rio Verde
Open House
$899,000
3 Beds
2.5 Baths
2,316 SqFt
Status Active
MLS # 6674812
Property Type Single Family Residence
Price Type --
Introducing the Lightly lived in Highly upgraded 2316 sqft Contemporary Brasada model built in 2022. It includes a custom front courtyard, an extra hobby room, and a double doored Den for flexibility in room usage. Both, The Primary Suite and The Formal dining room features upgraded Sliding doors leading to the patio. Other Key Upgrades include added doors to the Primary bathroom and Pantry along with the Built-in Monogram kitchen appliances. The front & the backyard is fully landscaped with pavers, synthetic grass, fruit trees, and a green hedge. The extension of Great room tiles into the patio via the upgraded large Stack slider doors seamlessly connect with the outdoors to enjoy the stunning views of the FourPeaks. Neutral grays and whites create a cohesive aesthetic throughout

7629 N Via De La Campana -- Scottsdale, AZ 85258

$899,000 - 4Br/2Ba -  for Sale in Paseo Vista, Scottsdale
Open House
$899,000
4 Beds
2 Baths
1,917 SqFt
Status Active
MLS # 6751738
Property Type Single Family Residence
Price Type --
You don't want to miss out on this affordable home in the heart of McCormick Ranch! Walk around the corner to beautiful Comanche Park This beautifully maintained property boasts a brand new Trane AC system installed in 2023 and recently updated Anderson windows (with warranty!), The split floor plan offers privacy and flexibility. Step outside to your own private oasis featuring a resurfaced pool with efficient equipment and a safety net for peace of mind. The backyard is a paradise for both pets and kids, with pet-friendly turf, a children's play set, and even a pomegranate tree! This home has strong bones and is ready for new owners to add their touch!

1037 W Ridge Road Apache Junction, AZ 85120

$898,990
4 Beds
3.5 Baths
3,251 SqFt
Status Active
MLS # 6726565
Property Type Single Family Residence
Price Type --
BR, 3.5 baths, enclosed office and enclosed tv room. 14-foot ceiling in family room with 16-ft multistacking SDG in family room leading to patio. Kitchen with 54-inch stacked cabinets with morel and white cabinets in kitchen. Stainless steel appliances with chimney hood. Tile backsplash to top of chimney hood. Dining room cabinets with floating shelves. All bathrooms with upgraded tile tub and tile showers. All bathrooms with upgraded quartz tops. The owners' bedroom with 14-foot ceilings and wall of windows. Includes super shower with upgraded tile work and rain can. Door leading to utility room. Full cabinets with sink. 4-car garage.

10418 E Morning Star Drive Scottsdale, AZ 85255

$898,800 - 3Br/2Ba -  for Sale in Mcdowell Mountain Ranch, Scottsdale
Open House
$898,800
3 Beds
2 Baths
1,548 SqFt
Status Active
MLS # 6779922
Property Type Single Family Residence
Price Type --
Step into modern elegance as your enter this beautifully remodeled home in McDowell Mountain Ranch. Walls were removed to make this floorplan open & bright. The heart of the home, a sun-drenched kitchen, is a culinary dream featuring marble countertops, a high-end Bertazzoni gas range and custom hood, stainless appliances and all-new white shaker cabinets adorned with stylish gold hardware and lighting. The breakfast bar and dining area seamlessly blend into the main great room with chic linear fireplace and shiplap surround. 2 bedrooms & 2 baths + office with modern glass slider door offers a private workspace adjoining the great room. All new floors, baseboards, fixtures throughout. Charming backyard with extended covered patio, pristine turf & view fencing backs to wash. Owned Solar! **SEE LIST OF UPDATES IN DOCUMENTS** Award winning McDowell Mountain Ranch is a premier master planned community located in North Scottsdale. Situated at the foothills of the McDowell Mountains, enjoy the beautiful desert serenity yet also have all the conveniences of living in-town just outside the neighborhood. The 101 Freeway is 5 minutes away, as well as restaurants, shopping, groceries, and so much more! This friendly neighborhood features 2 heated community pools/spas, playgrounds, basketball courts, tennis courts, and one of the best Pickleball leagues in town! The HOA hosts several events throughout the year for everyone to enjoy and connect with neighbors. Numerous trails, both paved & unpaved that meander throughout the community. McDowell Mountain Golf Club, designed by Phil Mickelson, with the clubhouse & restaurant, is open to the public. The City of Scottsdale Aquatic Center w/Lazy River & Library is close by, in addition to miles and miles of hiking, biking & equestrian trails at the landmark Gateway to the McDowell Sonoran Preserve trailhead.

2501 N 81st Way Scottsdale, AZ 85257

$898,500
3 Beds
2 Baths
1,962 SqFt
Status Active Under Contract
MLS # 6709035
Property Type Single Family Residence
Price Type --
MAGNIFICENT, FULLY FURNISHED MID-CENTURY MODERN! This exquisite Scottsdale estate features four functional rooms, all equipped with beds, 2 full baths, open kitchen space overlooking remodeled backyard. Large chef's kitchen boasts stainless steel appliances, granite countertops & massive island. Wood plank tile flooring and new paint t/o, upgraded dual pane windows and modern accents, make this home feel brand new! Backyard has just undergone a full remodel with a new pebble tech pool, custom mural, and many spaces for entertaining inside and out! You'll love that this home boasts an interior laundry room and 2 car covered carport. All of this is just a bike ride to Old Town Scottsdale with endless opportunities for shopping, dining, and entertainment!

770 S Ocean Drive Gilbert, AZ 85233

$898,000 - 4Br/3Ba -  for Sale in Catalina Bay At The Islands Unit 4, Gilbert
New
$898,000
4 Beds
3 Baths
2,757 SqFt
Status Active
MLS # 6777499
Property Type Single Family Residence
Price Type --
This is it! Stunning Single Level Waterfront Home with a 3-car garage in the Highly Desirable Islands Lakes Community. Walk through the Front Door and you will be Wowed with the Waterfront Views. Spacious and Open Floorplan Cathedral Ceilings Plantation Shutters. This Waterfront Home is Perfect for Relaxing and Entertaining inside and out. Kitchen has Granite Counters Built-in Ovens, Cooktop and Microwave and large Pantry. Primary Bedroom is Huge with walk in Closet next Exit to EXTENDED 18 FT.COVERED PATIO with fantastic views from your Waterfront Oasis. Covered Patio and a Boat Dock where you can kayak, or go fishing right in your very own backyard. Live a unique lifestyle in this wonderful waterfront community! Make sure not to miss it!

20144 E Rosa Road Queen Creek, AZ 85142

$898,000
6 Beds
4.5 Baths
4,402 SqFt
Status Active
MLS # 6744335
Property Type Single Family Residence
Price Type --
Discover your dream home in this highly upgraded 6-bedroom, 4.5-bath oasis! This spacious residence boasts a stunning open floor plan, perfect for both entertaining and comfortable family living. Step into a beautifully designed kitchen featuring modern appliances, elegant countertops, and ample storage, seamlessly flowing into a generous living area. Retreat to the luxurious primary suite, complete with a spa-like en-suite bath and walk-in closet. Outside, enjoy your private paradise with a sparkling pool, ideal for relaxing or hosting summer gatherings. With thoughtful upgrades throughout and plenty of room to grow, this home is a rare find that combines luxury and functionality. Don't miss the opportunity to make this exquisite house your HOME!

2325 E Beachcomber Drive Gilbert, AZ 85234

$898,000 - 4Br/3Ba -  for Sale in Tanglewood Cove At Val Vista Lakes 2 Lot 116-228, Gilbert
Open House
$898,000
4 Beds
3 Baths
3,425 SqFt
Status Active
MLS # 6736562
Property Type Single Family Residence
Price Type --
Location location! Gorgeous remodel! Welcome to your dream home located on a corner lot in Val Vista Lakes community! A perfect blend of luxury and comfort. Soaring vaulted ceilings that enhance the spacious feel of the grand foyer and formal dining area, large main room with a dramatic fireplace as the centerpiece. Entertain effortlessly with the stylish wet bar. Upscale fixtures and lighting throughout the home. The eat-in kitchen is a highlight, featuring stainless steel appliances, new cabinets, elegant quartz countertops, a generous pantry and large center island plus dining area. Upstairs, you'll find a sizable loft media room that offers versatile space for relaxation or play, a hidden playroom in an upstairs bedroom and reading area. Retreat to the luxurious primary bedroom, where tranquility awaits. Enjoy direct access to the backyard oasis along with an upscale ensuite bathroom that features dual sinks, a standalone soaking tub, and walk-in closet. The downstairs bonus room can serve as a gym, office, or other function that suits your lifestyle. Outside is your private paradise! A lush grass front yard. The backyard includes a huge covered patio, beautiful paver decking, ramada, and lap pool, perfect for entertaining! Don't miss your chance to own this stunning home!

19835 W Meadowbrook Avenue Litchfield Park, AZ 85340

$897,500
4 Beds
2.5 Baths
2,680 SqFt
Status Active
MLS # 6757946
Property Type Single Family Residence
Price Type --
Must See!! Indulge in everything this corner lot horse property has to offer! Beginning at the stained-glass double doors, you're welcomed into an open floor plan that extends into 3 bedrooms, 2 full bathrooms, and additional office w/ a ½ bathroom and private entrance. With NO HOA, owned solar panels, 2 Trane systems w/UV Filters, 2 new water heaters, commercial greywater drip system for landscaping, owned Culligan Water Softener and R/O system, and ADT Doorbells & System, this property truly offers serenity and savings. The backyard features professional landscaping, covered back patio, custom 10x10 barn w/water and electricity, and a cement slab wash rack for horses! P.S. Main Bath w/Twin Showers and Soaking Jetted Tub, Auto-Waterers for Horse Shed, Exterior painted 2022 w/5 yr warrant

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