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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1803 N Harper -- Mesa, AZ 85207

$845,000
3 Beds
2.5 Baths
2,372 SqFt
Status Active
MLS # 6750678
Property Type Single Family Residence
Price Type --
This gorgeous home is located in Canyon Preserve at Moutain Bridge. The premium lot, with no direct neighbor to the back and Tanto National Park mountain views, offers privacy and a peaceful setting. Top-of-the-line curb appeal with a paver driveway and walkways, as well as desert landscaping and artificial turf. A three-car tandem garage with industrial-grade epoxy flooring and garage cabinets provides plenty of space for vehicles and storage. It is climate-controlled with backyard access. Enter the arched wrought iron security gate entrance to the private front patio. The home has new Luxury Vinyl Plank flooring, plantation shutters and two tones of interior paint. The kitchen is an entertainer's dream, with stainless steel appliances, a gas range, white maple cabinets with Nantucket doors, granite countertops, and an island. The great room has an additional 300 square feet with a 20' wall of glass with a drop-down screen leading to the backyard, a private pool that is heated and cooled, and a cool deck patio. The primary bedroom is split with an ensuite bathroom with dual sinks, vanity, large walk-in shower and oversized closet. So many more upgrades are included on the additional upgrade list.

7473 E Soaring Eagle Way Scottsdale, AZ 85266

$845,000
3 Beds
2 Baths
2,060 SqFt
Status Active
MLS # 6767159
Property Type Single Family Residence
Price Type --
This stunning Winfield home welcomes you through a gated courtyard that sets the stage for relaxation. The versatile dining area flows seamlessly into a bright, spacious kitchen, equipped with stainless appliances, granite counters, a breakfast bar, and a walk-in pantry-perfect for culinary enthusiasts. A great room invites cozy evenings by the gas fireplace and offers patio access to your backyard oasis. The expansive primary suite opens directly to the pool and garden, while the en-suite bath boasts dual sinks, a soaking tub, and a large walk-in shower. Two guest rooms, each with custom Murphy beds and cabinetry, provide flexible living options. Enjoy Arizona's outdoor lifestyle with a sparkling pool, desert garden, built-in BBQ, and ample seating areas. A spacious laundry...(see more) ...A spacious laundry room and a garage with built-in storage and epoxy flooring complete this exceptional home. Don't miss this perfect blend of comfort and style! Newer appliances, HVAC and Roof, and more!

28713 N 66th Avenue Phoenix, AZ 85083

$845,000
4 Beds
3 Baths
2,859 SqFt
Status Active
MLS # 6770328
Property Type Single Family Residence
Price Type --
Ideal location! $10,000 closing cost incentive! Stunning 4-bedroom, 3-bathroom home in the desirable Pyramid Peak community, ideally located amongst the rolling hills of north Phoenix with easy access to all the city has to offer, while maintaining a peaceful desert setting. Unwind in your spacious 2860 sq ft interior featuring an open floor plan perfect for entertaining. Chef's kitchen with quartz countertops and custom backsplash. Primary master suite with walk in rain shower and separate his and her walk in closets. Step outside to your very private desert oasis. Sparkling heated pool with custom water feature for year round enjoyment. Covered patio with north exposure for al fresco dining. Low-maintenance mature desert landscaping. To many upgrades to list!

2568 E Aloe Place Chandler, AZ 85286

$845,000
4 Beds
2.5 Baths
2,583 SqFt
Status Active
MLS # 6771536
Property Type Single Family Residence
Price Type --
Gorgeous Single-level 4 Bed/3 Bath + Office with Pool and Jacuzzi in a highly desirable part of Chandler! This well-built Maracay Home features an open concept with split floor plan and plenty of room for entertaining, 10ft ceilings & 8ft doors. Right when you pull up, you will notice the beautiful curb appeal with low maintenance yard & extended driveway. Walk in the front door to a view of the pool through the large slider door. The kitchen has a large island for serving and sitting, 42'cabinets, backsplash, gas cooktop, and dining nook. The Master Suite is spacious and has a beautiful bathroom with dual sinks & large walk-in-closet. The office is in a quiet secluded area of the house. The resort-style backyard showcases a pool, spa, fire pit & outdoor kitchen with North facing patio!

7410 E Stagecoach Pass Carefree, AZ 85377

$845,000
4 Beds
3 Baths
3,447 SqFt
Status Active Under Contract
MLS # 6771832
Property Type Single Family Residence
Price Type --
This Carefree gem is all about location, views, &potential. Set on a breathtaking 1.6-acre lot, this property offers unmatched privacy & panoramic views in every direction. The main home, while in need of modernization, features 3 bedrooms, 2 baths, w/a 2-car garage. A bonus is the newer 1,540-square-foot guest house, complete with 10-foot ceilings, 1 bedroom, & 1 bath, offering bright, airy living with stunning desert views &pool. Step outside to enjoy the large pool & expansive travertine patio—perfect for soaking in the Az sun. The real highlight, though, is the lot itself. Iconic saguaro cacti line the driveway, and the natural desert landscaping invites abundant wildlife, making this property a peaceful desert retreat. Live in the guest house and build your beautiful dream home.

6112 S 195th Drive Buckeye, AZ 85326

$845,000
4 Beds
2 Baths
2,670 SqFt
Status Active
MLS # 6772015
Property Type Single Family Residence
Price Type --
This stunning custom home is nestled on just under 2 acres of land. Horse property with 4 stalls and No HOA! Over $40K in upgrades. New HVAC, New interior paint, new carpet in living room and dining room. New flooring in bedrooms. All new smoke detectors. New pool equipment and plumbing. Underground irrigation. Completely fenced with 3 and 4 rail pipes, several gates for easy access. Immaculate home, open concept. 3-car garage includes hanging rack for plenty of extra storage, additional parking space for vehicles. A spacious kitchen with custom Knotty Alder cabinets and a bar area. 10ft. ceilings, open dining area, custom wooden blinds on the windows, Vega poles, ceiling fans in every room, Spacious En suite features a jetted tub, step in shower, separate toilet and walk in closet Spectacular Estrella and White Tank Mountain views.

3285 Big Sky Drive Wickenburg, AZ 85390

$845,000
2 Beds
2.5 Baths
2,208 SqFt
Status Active
MLS # 6772582
Property Type Single Family Residence
Price Type --
Discover this beautiful 2 bed, 2.5 bath Brasada floor plan by Shea Homes in the terraced Sundance neighborhood. Situated on a quiet cul-de-sac with an extra deep homesite on the golf course, this home features stunning desert landscaping, a custom water feature, fire pit & generous covered patios for seamless indoor-outdoor living. A 15-ft sliding glass wall in the living room opens to the backyard oasis. Enjoy a gourmet kitchen with a large island, built-in appliances & custom tile work. The primary suite boasts a private patio & luxurious bath. Extra deep 3-car tandem garage with sealed floors & custom cabinets. Don't miss this Wickenburg Ranch gem! ________ Welcome to this stunning 2-bedroom, 2.5-bath home featuring the highly sought-after Brasada floor plan by Shea Homes. Located in the established and beautifully terraced Sundance neighborhood, this property sits on a quiet cul-de-sac with an extra deep homesite overlooking the golf course. The meticulously maintained desert landscaping in both the front and backyards creates a true desert oasis, complete with a custom water feature, fire pit, and generous covered patio spaces perfect for entertaining. Inside, a 15-foot sliding glass wall in the living room seamlessly connects indoor and outdoor living, making this home an entertainer's dream. The open kitchen boasts a large central island, built-in appliances, under-cabinet lighting, and custom tile work that extends to both bathrooms. The primary bedroom includes a private exit to a covered side patio, and the en suite bath features a heavy glass shower enclosure, dual vanities, and sinks. A custom barn door at the den offers versatility as a media room or extra guest space. The extra deep 3-car tandem garage includes a sealed floor and custom cabinetry, providing ample storage. Don't miss this opportunity to own one of the finest homes in Wickenburg Ranch!

24832 N 91st Avenue Peoria, AZ 85383

$845,000
3 Beds
2.5 Baths
2,439 SqFt
Status Active
MLS # 6774276
Property Type Single Family Residence
Price Type --
Welcome to this beautiful 3-bedroom, 2.5-bath home located across the street from Peoria's Sunrise Mountain. If you've been searching for a property with space, potential, and character, this is the home for you! Situated on a generous 1-acre lot, this home is full of charm and ready for someone with vision to bring it to life. The living room offers an inviting space to relax, with vaulted ceilings and abundant natural light. Each bedroom is generously sized, with the master suite boasting an ensuite bathroom for added privacy. Outside, you'll find a large, detached shop - perfect for hobbies or additional storage. The expansive lot is a blank slate for gardening, outdoor entertaining or future expansion. Come and enjoy the ultimate peace and privacy this property offers!

43414 N 12th Street New River, AZ 85087

$845,000
4 Beds
3 Baths
2,858 SqFt
Status Active
MLS # 6776146
Property Type Single Family Residence
Price Type --
Check out this amazing move in ready home with all the bells and whistles! This is the ideal home for you in the sought-after New River area. It features a three-car garage, a mix of grassy and desert landscaping, and stunning mountain views from the front porch. Inside, you'll find a fantastic layout with four bedrooms, three bathrooms, abundant natural light, and a cozy wood-burning fireplace. The impressive eat-in kitchen is a chef's dream, equipped with recessed lighting, a walk-in pantry, an island with a breakfast bar, elegant pine cabinetry with crown molding, granite countertops and backsplash, plus stainless steel appliances. The elegant master suite boasts a private exit and a luxurious full bath with a separate tub, a step-in shower, dual sinks, and a walk-in closet. Completely owned solar system, so next to nothing for electricity costs! Host gatherings in the remarkable backyard, which features a brand new pool, a perimeter block wall, an extended covered patio, a Ramada, a fire pit, and breathtaking 360° views.

3067 E Canyon Creek Drive Gilbert, AZ 85295

$845,000
5 Beds
3.5 Baths
3,914 SqFt
Status Active
MLS # 6777025
Property Type Single Family Residence
Price Type --
Welcome to this stunning 5-bedroom, 3.5-bath home, featuring an inviting open floor plan and an incredible backyard oasis with a sparkling pool! Perfect for entertaining and family gatherings, the spacious living areas seamlessly connect to the outdoor space, creating an ideal flow for hosting. The gourmet kitchen boasts modern appliances, ample counter space, and a large island, perfect for casual dining. The luxurious master suite offers a serene retreat with an en-suite bath, complete with dual vanities, a soaking tub, and a separate shower. Four additional bedrooms provide ample space for family and guests, while the extra two rooms can be customized as a home office, gym, or playroom. Step outside to your private paradise, where you can enjoy sunny days lounging by the pool or hosting summer barbecues in the beautifully landscaped backyard. The outdoor living area is perfect for relaxation or entertaining, featuring a covered patio and plenty of space for outdoor dining and seating. This home also includes a solar system that is owned and paid off, ensuring energy efficiency and long-term savings. Additional features include a 3-car garage, plenty of storage space, and a location that provides both privacy and convenience, with easy access to local amenities, schools, and parks. Don't miss out on the opportunity to make this dream home yours!

8343 W Calle Lejos -- Peoria, AZ 85383

$845,000
3 Beds
3 Baths
2,219 SqFt
Status Active
MLS # 6783458
Property Type Single Family Residence
Price Type --
A beautiful 3 bed, 3 bath residence in Summit at Sunrise Mountain is now for sale! Fully fenced and nestled on an oversized 1.15 acre lot, this is sure to be the home for you! Inside you will find sizeable dining & living areas, a kitchen equipped w/everything you'll need for home cooking, and cozy bedrooms which promise you & your loved ones a good night's sleep! With tons of landscaping potential and plenty of room for a pool or guest house, this home is a true gem! Don't wait any longer, act now!

17829 E Cindercone Road Rio Verde, AZ 85263

$844,999
3 Beds
2 Baths
1,752 SqFt
Status Active
MLS # 6695609
Property Type Single Family Residence
Price Type --
Welcome Home to Trilogy at Verde River. This community is like a cruise ship that doesn't leave port. There are so many social activities associated with The Trilogy Lifestyle! This Acacia Model Floor Plan is Located on the North Side of Trilogy at Verde River Nestled Beside an NAOS Area Protecting the Views Directly Behind the Home. This Open Kitchen to Great Room Concept is Best Known for Bringing the Outdoor Living Inside with the Large Sliding Glass Doors. Covered Patio, Fire Pit, and Easy-to-Maintain Backyard Complete Make this a Perfect Lock & Leave Option. Trilogy at Verde River Boast a Large Clubhouse with both Bar & Dining Options. The Resort Style Pool & Spa are Accompanied by Eddie's Poolside Bar & Grill. Alvea Spa has All Your Health & Rejuvenation Needs. Come Experience TVR!

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