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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2848 E Presidio Street Mesa, AZ 85213

$809,999
4 Beds
3 Baths
3,212 SqFt
Status Active
MLS # 6738799
Property Type Single Family Residence
Price Type --
Beautiful two story home in the gated community of Lehi Crossing. Come and see what this home has to offer, with its inviting pool and spa, large oversized bedrooms, Room to add a 5th bedroom up stairs if you wanted. Beautiful open kitchen that leads into the family room. Homes of this size and condition do not come to market very often. Come and take advantage of a turn-key home with all the upgrades you could want.

4358 E Anderson Drive Phoenix, AZ 85032

$809,900
4 Beds
2.5 Baths
2,291 SqFt
Status Active
MLS # 6777582
Property Type Single Family Residence
Price Type --
Elegantly updated north Phoenix split floor plan home on spacious, lushly landscaped lot w/ sparkling pool features high end designer finishes throughout, custom lighting, new flooring, much more. Perfect location close to endless shopping, dining, entertainment. Vaulted ceilings & lots of natural light give home an open, inviting feel. Large living, dining area, ideal for relaxing & entertaining. Gorgeous updated kitchen, gleaming NEW SS appliances, huge island w/ bkfst bar, large pantry. Huge comfortable primary suite downstairs w/ patio access, stunning, contemporary ALL NEW primary bathroom. Upstairs is large loft, 3 spacious bedrooms, & ALL NEW elegant secondary bathroom. Beautiful backyard is a peaceful, private retreat w/ large covered patio, refreshing pool, gorgeous landscaping.

20439 N 87th Drive Peoria, AZ 85382

$809,900
6 Beds
4 Baths
4,015 SqFt
Status Active
MLS # 6750554
Property Type Single Family Residence
Price Type --
Discover this expansive 6 bedroom, 4 bathroom home with a versatile loft area that can be tailored to your needs. The kitchen has beautiful white cabinets and granite countertops, and plenty of storage. Hardwood floors run throughout the home, adding warmth and elegance. Step outside to the sparkling pool, ideal for summer gatherings or unwinding after a long day. Situated in a peaceful cul-de-sac with a 3 car garage. With a great location close to freeways, restaurants, and shopping, you will have everything you need in just minutes away.

8607 S 16th Drive Phoenix, AZ 85041

$809,850
3 Beds
2.5 Baths
2,477 SqFt
Status Active
MLS # 6671297
Property Type Single Family Residence
Price Type --
EXTENSIVE UPGRADES LIST IN DOCS TAB!!! Welcome to your dream home in an exclusive gated community, right by the beautiful South Mountain Range. Enjoy stunning VIEWS of the MOUNTAINS & DOWNTOWN Phoenix from your backyard. This spacious home offers the option for bonus room to be converted to a FOURTH BEDROOM, perfect for guests or a home office. Relax in your RESORT-STYLED BACKYARD, lined by trees for added privacy. With a roomy three-car garage and a generous 1/3-ACRE LOT, storage shed, this home perfectly combines comfort and convenience. Additional amenities include a spacious storage shed, RV gate, and a covered patio adorned with sun shades - creating the ideal setting for al fresco dining or relaxation. Step inside, and the interior seamlessly blends sophistication with functionality. The wood-plank flooring adds warmth and character throughout, creating an inviting atmosphere. The heart of this home is the chef's kitchen, a culinary masterpiece equipped with quartz and granite countertops, a mini-bar for entertaining guests, a walk-in pantry, and upgraded soft-close cabinetry. The gas cook-top stove and a generously sized kitchen island complete the ensemble, making this open-concept kitchen the perfect hub for both culinary adventures and social gatherings. Versatility is a key feature of this residence, as the front office can easily be transformed into an additional bedroom, providing flexibility to accommodate your unique needs.

5819 E Scarlet Circle Mesa, AZ 85215

$809,500
4 Beds
3 Baths
2,461 SqFt
Status Active
MLS # 6777710
Property Type Single Family Residence
Price Type --
Highly upgraded home located on a private cul-de-sac street in the gated community of The Reserve at Red Rock. Home includes custom shutters, upgraded cabinets, quartz countertops, 10' ceilings, iron front door, wall of glass in great room & wood look tile throughout. Gourmet kitchen has a large island plus a butler's pantry for entertaining. Owners' suite includes a walk-in closet, vanity, seamless glass shower & freestanding tub. Walking distance to the community pool & fitness center with pickleball courts, basketball, a party room & plenty of grassy areas to play in. Walk for hours in the trail system within the community. Red Rock is close to many hiking trails, NE Mesa's Saguaro and Canyon Lakes, Salt River & more! Also close to the freeway, airport, shopping & restaurants!

15229 S 18th Drive Phoenix, AZ 85045

$809,500 - 4Br/3Ba -  for Sale in Parcel 16c-3 At Foothills Club West, Phoenix
Open House
$809,500
4 Beds
2.5 Baths
3,124 SqFt
Status Active
MLS # 6753074
Property Type Single Family Residence
Price Type --
Motivated seller!!!This meticulously maintained 24-year-old home in the Phoenix Foothills is a STUNNING. The owner has lovingly cared for this property since it was originally built, with updates and upgrades to ensure it remains in pristine condition. From the new roof with a transferable warranty to the freshly painted exterior and cinder block walls, this home exudes quality and attention to detail. Inside, you'll find maple cabinets in the kitchen and bathrooms, dual Whirlpool ovens, and a custom-built entertainment center. The spacious layout is perfect for entertaining, with a large kitchen island, JBL surround sound speakers in the family room, and a curved staircase leading to the second floor. The backyard is a paradise, with a Pebble Tec pool, in-floor cleani system, and play pool for water volleyball. Located near the Bursera Trailhead hiking trail in Club West, this home offers the perfect blend of indoor and outdoor living. The low-maintenance landscaping, artificial grass turf, and controlled watering schedule make it easy to enjoy the stunning views and peaceful surroundings. Don't miss out on this opportunity to own a truly special home in a prime location. This home truly has it all - from the practical features like the radiant barrier in the attic that helps lower energy costs, to the luxurious upgrades like the JBL house and patio speakers with volume control in each room. The attention to detail is evident throughout, with a laundry room plumbed for a sink, a front and side iron security door with locking cylinders, and a natural gas stub in the back patio for easy barbecuing. The seller's love for this home shines through in every aspect, from the immaculate carpet to the inviting loft upstairs. The east-facing patio provides shade throughout the day, making it the perfect spot for outdoor dining or relaxation. And with a 5K incentive payable upon closing to the person who brings a buyer, there's even more reason to come see this stunning property in person. Don't miss your chance to experience the beauty and comfort of this home for yourself. It's a rare find in an exceptional location, offering the perfect blend of elegance, functionality, and convenience. Come see why this home is truly a special place to call your own.

3106 N 70th Street Unit 2004 Scottsdale, AZ 85251

$809,000
2 Beds
2.5 Baths
1,835 SqFt
Status Active
MLS # 6700367
Property Type Townhouse
Price Type --
***Seller offering assistance towards rate buy-down or closing costs*** Discover modern luxury living in this stunning EnergyStar-certified construction! This two-story end unit townhome features a sought-after skydeck with breathtaking views of Camelback, Papago, and Four Peaks Mountains. Entertain effortlessly in the expansive great room with vaulted ceilings, two-story window wall with electric shades, and a Chef's Kitchen equipped with Bosch stainless steel appliances. Relax in the bright primary suite with an oversized spa bath and spacious walk-in closet. Enjoy the convenience of a ground-level guest bedroom, full bath, den/office, two-car garage, and private yard. Located within walking distance to Old Town's attractions and with easy access to major highways.

185 Ross Road Sedona, AZ 86336

$809,000
3 Beds
2 Baths
1,720 SqFt
Status Active
MLS # 6711127
Property Type Single Family Residence
Price Type --
West Sedona location, privacy, Red Rock views, and excellent condition? Look no further! This adorable home has three Trex type decks to take in views of Thunder Mountain & Coffee Pot Rock. Immaculate turn key condition, 3 bedrooms plus an office nook with charming bay window, fenced backyard for Fido, with beds for gardening, and two garages make this home a very affordable option. Level entry from garage, 220V in garage. The HVAC Furnace and Air Conditioner is new as of March 2022, water heater is new as of March 2022, new garage doors and tracks. New induction stovetop and new stainless steel refrigerator, plus four new ceiling fans/light fixtures. Nest thermostat, new ''Dusk to Dawn'' front door lights. Hiking Trail access via neighborhood social trail only 3/4 mile away. All new re-insulation of the attic, plus sealing of old evaporative cooler vents, new weatherization of front door and new weatherization of garage entry door, with CozyHome doing a home energy audit before completing the work. Asphalt Shingle roof is barely halfway through it's lifetime at only 12 years old. Property has TWO garages-both are oversized single car garages. One could be for parking, and one could be for workshop, hobby area, or artist studio-have fun deciding! Ample parking with paved driveway plus a pull through gravel driveway...great for RV parking! It's rare to see a Sedona home this well taken care of with clear pride of ownership. West Sedona location means you have City amenities, with an abundance of hiking trails and natural beauty to choose from on a daily basis. Come see what peaceful Sedona living is all about, and schedule a showing today!

1973 W Brooke Lane Queen Creek, AZ 85144

$808,775
4 Beds
3.5 Baths
3,082 SqFt
Status Active
MLS # 6713580
Property Type Single Family Residence
Price Type --
Construction Starting Soon! 1.25 Acre Lot & No HOA. Stunning Semi-Custom Home, 12' ceilings in the main area, 4 bedrooms 3.5 baths, ensuite & office/den. An incredible gourmet kitchen, 9ft Island, ample counter space & eating bar. The main living area features a wall of glass with a multi sliding glass door that lets in plenty of natural light. The master suite is a true oasis. The Mudroom for your Drop Zone next to the awesome laundry room leaves you wanting not. Oversized 3+ Car Garage! Ask about a Casita or RV Garage. With its fantastic features and unbeatable price, this home is ready for your personalization! See the documents tab for the construction specifications. Expect to be blown away. More Home For Your Money.Pictures are of previous model and have some options not include

10728 E Tarragon Avenue Mesa, AZ 85212

$807,900
4 Beds
4 Baths
2,726 SqFt
Status Active
MLS # 6783376
Property Type Single Family Residence
Price Type --
MULTI-GEN Beauty in THE ESTATES! Brand New Kitchen - Quartz Countertops, Custom Walnut Island w/33'' Farm Sink. Gas stove, Dbl Oven, Built-In Microwave. This 4 bed, 4 bath+Den (could be a 5th bedroom) includes large owner's suite, PLUS a separate casita w/bed/bath/family room + separate entrance. Upgraded wood look tile floors throughout home, w/ designer paint in living areas. Beautiful backyard designed for entertaining! Tall trees create a privacy fence, low maintenance turf yard, pergola w/travertine floors & wood fireplace. Big yard! Gutters w/French drains. The gated Estates at Eastmark is an amazing community w/walking paths & an amazing community clubhouse (The Club)with giant heated play & lap pool+gym & event room-that you can rent & playground area. Don't miss this one!

6963 E Grandview Street Mesa, AZ 85207

$806,900
6 Beds
3 Baths
3,372 SqFt
Status Active
MLS # 6693180
Property Type Single Family Residence
Price Type --
CUSTOM BASEMENT HOME IN AMAZING LOCATION! This spectacular home is just under 3400 SqFt nestled in the scenic enclave of North Mesa. Fully FINISHED BASEMENT, is an elusive feature that promises unparalleled versatility and space for your needs. Encompassing 6 bedrooms -3 upstairs & 3 downstairs, one is being utilized as office and has built ins and desks, 3 full baths, epitomizes luxurious comfort & functionality. Packed w/ upgrades that truly enhance its appeal and make it a standout choice. New Public Safety Building nearly a stones throw away & multitude of amenities for everyday living & convenience!

16847 S 13th Way Phoenix, AZ 85048

$805,000
4 Beds
2.5 Baths
3,000 SqFt
Status Active
MLS # 6784704
Property Type Single Family Residence
Price Type --
This charming two-story home features four spacious bedrooms and 2.5 baths, making it perfect for families or those who enjoy having extra space for guests. As you enter, you're greeted by a bright and airy foyer that leads into an open-concept living area, complete with large windows that flood the space with natural light. The main level boasts a modern kitchen equipped with stainless steel appliances, granite countertops, and a large island that doubles as a breakfast bar. The adjacent dining area is perfect for family meals or entertaining friends. The cozy living room features a fireplace, creating a warm ambiance for gatherings. Main level master suite with large walk in closet. Upstairs, you'll find three bedrooms and a spacious loft.

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