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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38500 N School House Road Unit 43 Cave Creek, AZ 85331

$865,000
3 Beds
2 Baths
2,292 SqFt
Status Active
MLS # 6711538
Property Type Single Family Residence
Price Type --
THIS IMMACULATE HOME IS PRICED TO MOVE! Come take a look at this 2022 newly built home that is highly upgraded with over $190,000 in upgrades and landscaping! The Chef's Kitchen feature's GE Monogram Appliances, huge Waterfall Granite center island, extended cabinets with interior lighting and under cabinet lighting in multiple areas. Home has 3 bedrooms, 2 bathrooms and a den/office. Custom flooring throughout finishes off this fantastic home. Garage has new Epoxy floors. There is a community pool, spa, firepit, and pickleball court. Minutes to downtown Cave Creek featuring, Harolds, Buffalo Chip and tons of shopping. Only 30 min to Sky Harbor International Airport. It doesn't get much better than this! Come see this beautiful home before it is gone!

1553 N 69th Place Scottsdale, AZ 85257

$865,000
4 Beds
2.5 Baths
2,628 SqFt
Status Active
MLS # 6724433
Property Type Single Family Residence
Price Type --
Discover luxury living in this 4+ bedroom, 2.5-bathroom gem located on a corner lot in a desirable Scottsdale gated community. Featuring an open floor plan with ample natural light and a gourmet kitchen boasting a large island with breakfast bar and stainless appliances. Enjoy spacious living and dining areas with custom in-ceiling speakers as well as a bonus entertaining or den space. All bedrooms and a bonus room are located on the second floor along with a walk-out terrace. The large master suite offers a walk-in closet and a luxurious en-suite bathroom. The tranquil backyard features a covered patio and easy to maintain turf. The garage boasts an EV charger and epoxy floors. Enjoy the community's resort-like amenities including a serene pool, spa, gym and BBQ grilling area. This property is located near Papago Park and the Phoenix Zoo and is a short drive to downtown. Don't miss your chance to make this home your own!

19422 N 67th Lane Glendale, AZ 85308

$865,000
5 Beds
3.5 Baths
3,988 SqFt
Status Active
MLS # 6738109
Property Type Single Family Residence
Price Type --
Stunning Arrowhead Ranch home w/ huge pool & lush landscaping! Nestled at the top of cul-de-sac, this impressive 3,988 sq ft home sits on over a 1/3 acre w/ 2x6 construction. Fresh white interior paint! It features five spacious bedrooms and 3.5 updated bathrooms. The primary bathroom shower has multiple body sprayers & free standing tub. The expansive game room offers surround sound, wet bar, a custom wormy oak ceiling, space for a pool table & views and access to the pool. The kitchen cabinets are Sapele wood & have sturdy pullouts in all lowers, granite countertops, Kitchenaid & Bosch appl. The beautifully refinished pebble tec diving pool has a new variable speed pump. Backyard has a small orchard w/ citrus & pomegranate trees, a cactus garden & plant covered gazebo! Low HOA fees The family room has a stone wood burning fireplace, new carpet and surround sound. Large windows with views of the pool and lush green yard. First floor has oak wood flooring in kitchen and traffic areas. All bedrooms are upstairs and there is a desk study area in the hall. The desk and cabinets are mahogany wood. There are 2 staircases in the home which if needed could divide the home into 2 living areas. There are 3 a/c units and 2 water heaters. This is a MUST SEE home to appreciate. All bathrooms have been fully updated. Laundry room is located upstairs with the bedrooms. Both stairways have custom wood railing and spindles. Garage has separate space for storage or for a dedicated workshop. The cactus garden includes valuable mature organ pipe cactus and a large saguaro along with a well-located cozy private seating area. In addition to very low traffic in the cul-de-sac itself, its smaller street front footage creates additional highly usable space in the back yard leaving a comfortable grass area and a brick patio off the dinning room. Swimming pool has a 10' deep diving well. The pool includes a large shallow shelf ideal for small children or for a space for adults to hang out. Pool also has a Bahia shelf and ample bench space. Pool is 46' long down the center, which allows its use to swim laps. The location is so convenient to the 101, Costco, fine and casual dining, Arrowhead Hospital and the New Phoenix Children's Hospital. Arrowhead is a golf community with Arrowhead Country Club just down the street. Residents can join for a fee, which includes tennis, pool & a gym. Original owners have kept this home beautiful! Note: Artwork in the primary bathroom does not convey.

7354 E Sandia Circle Mesa, AZ 85207

$865,000
4 Beds
2.5 Baths
2,757 SqFt
Status Active
MLS # 6742022
Property Type Single Family Residence
Price Type --
Welcome to your newly remodeled home, offering the perfect blend of comfort and style. Featuring 16-ft ceilings, 5-inch baseboards, and brand new LVP flooring, paint, and fixtures. The remodeled kitchen boasts white cabinets, quartz countertops, a gas stove, stainless appliances, and plenty of storage. The spacious master suite features private pool access and a huge walk-in closet. Enjoy our beautiful Arizona sunsets pool side with new pool, travertine patio, and BBQ in a large backyard backed by a greenbelt. With 0.31 acres, mature landscaping, and a cul-de-sac location, this home is a true gem! Don't miss out!

9695 N Fiorella Street Prescott Valley, AZ 86315

$865,000
4 Beds
2 Baths
2,511 SqFt
Status Active
MLS # 6754054
Property Type Single Family Residence
Price Type --
Discover your dream home in Legend Hills! This beautiful single-level home offers 3 bedrooms, 2 baths, plus a den or 4th bedroom, all within an open floorplan. With stunning views of Mingus, Granite, and Bradshaw Mountains, you'll love the spacious kitchen with granite countertops, stainless appliances, and alder cabinetry. Enjoy cozy nights by the gas fireplace in the great room, and relax in the luxurious primary suite with a walk-in shower and ample closet space. Outside, you'll find pipe rail perimeter fencing, 2 automatic gates, RV parking, a large storage shed roll up doors, and an oversized 3-car garage, new Generac generator for backup power. All this, set on 2.4 acres with city light views and privacy, makes this home a must-see!

10331 E Wavelength Avenue Mesa, AZ 85212

$865,000
4 Beds
3 Baths
2,750 SqFt
Status Active
MLS # 6769794
Property Type Single Family Residence
Price Type --
Welcome to this stunning home in the highly sought-after Eastmark community, boasting fantastic curb appeal with artificial turf, a paved driveway, and a location next to a serene common area walking path. Inside, you'll find neutral two-tone paint, elegant white wood shutters, and soaring 10-foot ceilings. The gourmet kitchen is a chef's dream, featuring quartz countertops, white cabinets with pot and pan drawers, ample counter space, a single basin sink, and modern pendant lighting. The front bedroom offers an ensuite with a beautifully tiled walk-in shower, while the other bedrooms are perfectly sized for comfort. The primary suite is a sunlit oasis with dual sinks, extra cabinet space, upgraded quartz countertops, a separate tub, and a tiled-to-ceiling shower with a rainfall showerhead. Additional thoughtful features include a convenient drop zone near the garage with built-in cubbies and hooks, a laundry room equipped with cabinetry, a water softener, and exterior sun shades. Step into your backyard retreat, complete with an extended pergola over the covered patio, a gas fire pit, built-in gas BBQ, heated pool with a large baja step, artificial turf, and custom planters. This home is part of a community that offers a world-class resort experience with luxurious pools, splash pads, numerous parks, Steadfast Farm, and the state-of-the-art clubhouse, The Mark, which hosts events year-round.

4958 E Desert Vista Trail Cave Creek, AZ 85331

$865,000
4 Beds
3 Baths
3,557 SqFt
Status Active
MLS # 6772918
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This expansive 3,557 square foot residence boasts 4 bedrooms plus a versatile library/den, perfect for work or relaxation. Enjoy the luxury of 3 full bathrooms, ensuring convenience for family and guests alike. The spacious primary suite serves as a tranquil retreat, featuring a spa-like bathroom that promises rejuvenation with every visit. The chef's kitchen showcases elegant granite countertops, perfect for culinary adventures. Situated on a prime north-south facing lot, this home backs to serene open space, providing unparalleled privacy with no neighbors behind or beside you. The extended 3-car garage offers ample storage and parking space. The loft adds an extra dimension for play or study. Step outside to your own oasis, complete with a sparkling pool, soothing hot tub, and a charming water feature. The large covered patio is ideal for entertaining or enjoying peaceful evenings. Back yard includes a fire pit and dog run. Minutes away from Desert Ridge, Cave Creek, the 101, and the 51.

22300 E Quintero Road Queen Creek, AZ 85142

$865,000
4 Beds
3.5 Baths
3,194 SqFt
Status Active Under Contract
MLS # 6702706
Property Type Single Family Residence
Price Type --
Motivated seller! Welcome to Queen Creek! This magnificent home has it all with soaring ceilings, custom stone work and a floorplan of your dreams. Enjoy your private gated court yard as you enter the well-appointed home, inside you will find a huge great room, a chef kitchen with a massive island, quartz countertops, a gorgeous primary suite with a beautiful bathroom and a dream custom closet. Step out to your private oasis HEATED pool and lush grassy yard. This split floor plan offers 3 additional large sized bedrooms with a flex room. The third rear bedroom has its own ensuite. You can enjoy the extended Laundry room with additional storage and extra closets throughout the home. Enjoy a 3 car garage and RV gate for extra parking and more!

6917 S 219th Drive Buckeye, AZ 85326

$865,000
4 Beds
2.5 Baths
2,679 SqFt
Status Active
MLS # 6755029
Property Type Single Family Residence
Price Type --
BEAUTIFUL HOME with DETACHED RV GARAGE and ACREAGE PROPERTY, with a one-person OWNED WELL, OFFERS a PEACEFUL LOCATION that is AWAY from THE BUSINESS OF DAYILY LIFE but close enough for CONVENIENCES*The SINGLE OWNER home has been BEAUTIFULLY MAINTAINED and METICULOUSLY CARED FOR*You have an OVERSIZED GREATROOM and EAT-IN NOOK that LOOKS out at the SPRAWLING GRASS, RAMADA and MOUNTAINS in the distance*the LARGE KITCHEN has GAS STOVE (propane), AMPLE UPGRADED CABINETS, and two pantries*You will love the POCKET OFFICE/HOBBY ROOM*OWNER BEDROOM has SITTING AREA, walk in closet, GRANITE COUNTERS and TILE WORK at the WALK IN SHOWER*Behind your rolling RV GATE is a TWO-BAY DETACHED GARAGE with a 50-AMP RV hook up and clean-up area*COME BY and SEE WHY you will WANT to CALL THIS PLACE YOUR ''HOME''

7662 W Antelope Drive Peoria, AZ 85383

$864,990
4 Beds
3 Baths
3,024 SqFt
Status Active
MLS # 6777959
Property Type Single Family Residence
Price Type --
Special Financing Available!!!!!!!!! This new single-story home features Lennar's Next Gen® suite, a home within a home complete with a separate entrance, kitchen, bedroom and more for seamless independent living. Off the entry is a convenient den, leading to an open-concept floorplan with access to a covered patio for effortless entertaining and multitasking. Two secondary bedrooms are tucked away to the side of the home, with the luxe owner's suite nestled into a private rear corner with a spa-inspired bathroom and roomy walk-in closet. Photos are of a model home, not the actual home.

7659 W Tether Trail Peoria, AZ 85383

$864,990
5 Beds
4.5 Baths
4,132 SqFt
Status Active
MLS # 6717198
Property Type Single Family Residence
Price Type --
Welcome to Ashton Woods newest community in Peoria -The Sanctuary at Aloravita. Welcome to your dream home with our stunning Diamond Floor Plan! This spacious two-story home boasts 4,132 sq ft of luxurious living space, featuring 5 oversized bedrooms and 4 1/2 bathrooms, perfect for accommodating your growing family or hosting guests. Step into the expansive great room, highlighted by a breathtaking 4-panel slider that seamlessly merges indoor and outdoor living. The kitchen is a culinary paradise, equipped with built-in appliances with gas range stove, elegant white painted shaker style cabinets, Della Terra quartz countertops, White Mosaic tiled backsplash, and polished nickel hardware. Indulge in premium interior finishes including 6x36 wood style plank tile floors in the main living spaces, upgraded plush carpeting in the bedrooms, loft, and a dedicated office space. Ascending the staircase, the second level unveils an owner retreat that exudes tranquility. The expansive owner's suite includes dual vanities in the bathroom and a large walk-in closet. Additional bedrooms on this level offer ample space for family or guests, each thoughtfully designed with comfort in mind, including a large loft for that extra needed space. Pamper yourself in the upgraded bathrooms adorned with stylish fixtures and lighting. Additional options in this home are 8 foot interior doors, soft water pre plumb, and paver driveway. Great location close to dining, freeways, parks, and entertainment!

2810 S 201st Drive Buckeye, AZ 85326

$864,900
3 Beds
2 Baths
2,706 SqFt
Status Active
MLS # 6777286
Property Type Single Family Residence
Price Type --
Gorgeous Southwestern Home on an Irrigated Acre, Located on a quiet, paved street. This Park like property has 7 Mature Trees offering abundant shade. This Pristine Property has never housed Farm Animals. Enjoy the benefits of owning your own Private Well. This Spacious Great Room Floorplan has Vaulted ceilings, Authentic Log Beams, an Entertainment Niche and Cozy BeeHive Fireplace. The Kitchen Features a Cooks' Nook, Counter Height Bar, Spacious Counter Space and Bountiful Cabinet Storage with a Bay Window area to allow for a Generous Size Table. 3 Oversized Bedrooms all with Large Walk-In Closets round out this homes Perfect Blend of Southwest Living. Enjoy your Morning Coffee, or watch Magical Sunsets Poolside listening to the Tranquil Water Fall. This home is your Perfect Getaway! Owning your Own Perfect Getaway.

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