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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1891 E Sugey Lane San Tan Valley, AZ 85143

$800,000
3 Beds
2.5 Baths
2,585 SqFt
Status Active
MLS # 6766881
Property Type Single Family Residence
Price Type --
Elevate your lifestyle in this meticulous home. RV garage with AC! Prime corner lot in the prestigious Laurel Ranch community. From the moment you arrive, the home's curb appeal shines with its extended paver driveway, charming front paver patio, and lush, professionally landscaped grounds. The massive 3-car tandem garage with epoxy flooring and an attached RV garage provides ample space for your vehicles, toys, and more—plus a side gate for easy access. Inside, every detail has been thoughtfully curated. Wood-look tile flooring flows throughout, complementing the elegant plantation shutters, upgraded light fixtures, and modern two-tone palette. 2 offices! A stylish barn door leads to the versatile bonus room, perfect as a den or office. The open-concept living space is ideal for gatherings, featuring built-in shelving, surround sound, and plenty of room for relaxing or entertaining. The heart of the home is the gourmet kitchen, where granite countertops, a subway tile backsplash, and a large kitchen island await your culinary creations. Stainless steel appliances, including double ovens, blend seamlessly with the ample white cabinetry, while the generous walk-in pantry offers even more storage. The cozy breakfast nook is perfect for casual meals, surrounded by natural light. The primary suite is a serene retreat, boasting a spa-like bathroom with double sinks, and an oversized walk-in closet that's sure to impress. Step outside into your resort-style backyard, where every inch has been designed for ultimate enjoyment. The covered patio, complete with a ceiling fan, provides shade for relaxing while overlooking the lagoon-style heated pool. With built-in in-water lounge chairs, a soothing waterfall, and custom lighting, the pool area becomes a personal paradise. The attached spa offers a touch of luxury, and the firepit invites cozy evenings under the stars. Artificial turf ensures low-maintenance living, while the 2021 pool pump and UV lamp filter keep the water crystal clear year-round. This stunning home is a perfect blend of elegance, practicality, and comfort, offering everything from an RV garage to a lagoon-style pool for endless entertainment. Don't miss the opportunity to make this luxury retreat yours!

20750 N 87th Street Unit 1084 Scottsdale, AZ 85255

$800,000
3 Beds
2.5 Baths
1,736 SqFt
Status Active
MLS # 6770748
Property Type Townhouse
Price Type --
Desirable remodeled Encore at Grayhawk townhome overlooks 17th green on Talon course, boasting mountain and city light views. Enjoy the private covered patio downstairs and scenic balcony off primary suite upstairs. Well-designed home plan with two bedrooms plus optional 3rd bedroom/den downstairs with 2.5 baths. Chic updates throughout includes low maintenance modern wood-like flooring, trending accent backsplashes, surrounds, and flooring using attractive mix natural stones, quartz countertops, shaker style cabinets, refined barn door separating den/optional bedroom, and 4'' wood shutters throughout. Convenient lifestyle with community pool, spa, ramada, and fitness center. In the heart of North Scottsdale, walking distance to Grayhawk golf club, restaurants, shopping, and hiking. Only minutes drive to Hwy 101. Sought after turnkey that's move-in ready in the heart of North Scottsdale.

2416 W Orangewood Avenue Phoenix, AZ 85021

$800,000
12 Beds
6 Baths
3,000 SqFt
Status Active
MLS # 6767082
Property Type Single Family Residence
Price Type --
PLEASE NOTE; THIS PROPERTY INCLUDES 2416 AND 2418 W. ORANGEWOOD..BOTH THESE ADDRESS' ARE ON 2416 W. ORANGEWOOD..2418 IS LISTED FOR A MAIL ADDRESS ONLY☚☚☚ SUBMIT ALL REASONABLE OFFERS.. This property is a Duplex with 4 units. 16,503 sq ft lot size. 2 units fully remodeled interior and exterior paint. Title floors , New cabinets. Great Investment Opportunity !!

20111 W Steed Ridge Road Wittmann, AZ 85361

$800,000
4 Beds
2.5 Baths
2,298 SqFt
Status Active
MLS # 6771480
Property Type Single Family Residence
Price Type --
Move right into this beautiful 1-acre, turnkey home, ideal for entertainers and horse lovers! The covered patio, complete with gas for an outdoor kitchen, opens to a sparkling saltwater pool with a built-in hot tub, surrounded by low-maintenance landscaping and an accessible half bath for convenience. This home also features a RV hookup with power and is horse-ready, including a 2 horse 2 lean to, and covered hay storage, with a water spigot. Inside, the open floor plan boasts split plate 10/12 ceilings, a large island kitchen with granite counters, and a luxurious master suite with a walk-in closet. All landscaping, including a citrus tree and is finished. The property is fully fenced. Set in a peaceful, rural area with no HOA, this gem is only 10 minutes from the 303 and shopping.

13401 W Crimson Terrace Peoria, AZ 85383

$800,000
5 Beds
3 Baths
2,631 SqFt
Status Active
MLS # 6772102
Property Type Single Family Residence
Price Type --
GORGEOUS FORMER MODEL, MOVE-IN READY and FULLY FURNISHED! All you need is your luggage. Surrounded by scenic mountain and desert views and featuring the finest upgrades (over $200,000 in upgrades and furnishings!) This highly sought after 5BR/3BA floor plan is no longer available in the community. Thoughtfully laid out with a bedroom and full bath downstairs, and upstairs laundry. Kitchen features gas cooktop, quartz countertops, and stainless steel appliances. Enjoy the stylishly landscaped backyard with built in BBQ, covered patio, and gazebo/pergola sitting area. See the list of this home's upgrades!

3732 N Barron -- Mesa, AZ 85207

$800,000
5 Beds
3 Baths
2,733 SqFt
Status Active
MLS # 6774170
Property Type Single Family Residence
Price Type --
Welcome to Your Dream Home in the Gated Highlands at Las Sendas, Mesa, AZ! Step into luxury in this beautiful 5 bed, 3bath home in the prestigious Highlands at Las Sendas community. This home features a gorgeous custom kitchen with white maple cabinets, soft-close drawers, pull-outs, an oversized island, granite countertops, subway tile backsplash, and stainless steel appliances. Cook like a chef with the double oven and enjoy meals in the formal dining room, breakfast nook, or on the serene covered patio. The home showcases new 8 x 48 wood plank tile flooring and has been recently freshly painted inside and out, giving it a modern, like-new feel. The bathrooms have been refreshed with travertine showers, espresso cabinets, granite vanities, and new fixtures. Enjoy the convenience of a spacious 3 car garage with built-in cabinets and 240 AMP service-perfect for a workshop or electric car setup. End your day by unwinding on the deck, taking in breathtaking desert sunsets. As part of the Las Sendas community, you'll have access to a wide range of resort-style amenities, including parks, lighted tennis and pickleball courts, miles of walking and biking trails, multiple pools, a spa, fitness center, and the renowned Las Sendas Golf Club with an 18 hole championship course. Because it's gated, this home offers not only luxury but also peace of mind. This is a rare opportunity to enjoy an elevated lifestyle in a home that combines elegance, comfort, and an unbeatable location. Welcome home!

6231 W Shannon Street Chandler, AZ 85226

$800,000 - 5Br/3Ba -  for Sale in Warner Ranch 4 Unit Two, Chandler
New
$800,000
5 Beds
3 Baths
2,765 SqFt
Status Active
MLS # 6784921
Property Type Single Family Residence
Price Type --
This beautiful remodeled home boasts 5 bedrooms and 3 bathrooms with just over 2700 square feet. Enjoy the big kitchen and the custom backyard which features a heated pool, spa, and BBQ pit - perfect for entertaining and relaxation! Plus, the backyard has views of Sundance Park - the perfect place for young children to play or for taking walks. The owner's suite has two walk-in closets with his & her sink and vanities along with a separate tub and shower. The wonderful location of this property is close to excellent schools, shopping, restaurants, and highways. Come tour this beauty today!

2615 E Colonial Court Chandler, AZ 85249

$800,000
4 Beds
2 Baths
2,421 SqFt
Status Active
MLS # 6778734
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of South Chandler! This stunning single-level home, perfectly situated on a large, private cul-de-sac lot, is designed with all the right finishes. Featuring four spacious bedrooms and two beautifully updated baths, there's room for everyone to relax and grow. As you enter, you'll be greeted by a modern, open floor plan with a bright and airy great room, perfect for family gatherings or entertaining friends. A versatile space off the great room can serve as a home office for remote work or a cozy dining room for memorable dinners. The gorgeous kitchen is a chef's delight, featuring sleek white cabinetry, quartz countertops, and a central island with a breakfast bar, ideal for quick meals or morning coffee. Step outside to a backyard oasis, ideal for enjoying warm Arizona days. The expansive patio and entertaining areas make it a perfect setting for outdoor fun with family and friends. For those with multiple vehicles, toys, or an RV, this property offers a 3-car extended garage, an extra-long driveway, and an RV gate. With new wood-tile flooring throughout and plush carpet in the bedrooms, every detail has been thoughtfully updated. Located in a peaceful neighborhood yet close to everything Chandler has to offer!

14405 W Yukon Drive Sun City West, AZ 85375

$800,000
3 Beds
3 Baths
3,136 SqFt
Status Active
MLS # 6781545
Property Type Single Family Residence
Price Type --
This property is truly unique! For the home buyer that wants it all, a large estate style home w/ over 3000 square feet, dual master suites, beautiful golf course views, large 13,000 sq ft lot with plenty of space and privacy. This home is a rare find located on the second hole of the Trail Ridge Golf Course. Flexibility to easily move the laundry to the inside! Oversized 2.5 car garage with a space for your golf cart! This home has so many upgrades, yet occasionally hard to see. Check out the security screens/roller shields on all windows, security doors, newer appliances, newer AC units, gutters, courtyard, granite counters at kitchen, newer tile. there are 4 citrus trees: 2 oranges, 1 lemon, 1 grapefruit for all of your citrus needs! Extended covered patio, w/ pergola to enjoy the view

6532 E Cypress Street Scottsdale, AZ 85257

$800,000
4 Beds
2 Baths
2,042 SqFt
Status Active
MLS # 6780557
Property Type Single Family Residence
Price Type --
Discover this charming single-story, four-bedroom, two-bathroom home with a desirable split floor plan. Fresh interior and exterior paint give the home a bright, inviting look. The kitchen has been upgraded with painted cabinets and new stainless steel appliances, including a microwave, dishwasher, and oven. Both bathrooms also feature freshly painted cabinets. New luxury vinyl plank flooring has been installed in several areas, adding a modern touch. The backyard is an entertainer's dream with a pool, and the front yard features easy-care desert landscaping.

8556 E Plaza Avenue Scottsdale, AZ 85250

$800,000
4 Beds
2 Baths
1,830 SqFt
Status Active
MLS # 6782819
Property Type Single Family Residence
Price Type --
Introducing a stunning property with the ultimate chef's dream kitchen, featuring sleek Calcutta quartz countertops, a stylish island with an electric cooktop and modern range hood, custom white cabinetry, and a spacious breakfast bar for gathering and entertaining. The open-concept layout seamlessly blends the kitchen, family, and living areas, creating a bright, inviting space for everyday living and special occasions. The master suite offers a spa-like experience with dual sinks, luxurious quartz finishes, a beautifully tiled shower, and a massive walk-in closet. Step outside to your own private oasis complete with a refreshing pool, a heated pool, and a relaxing hot tub — perfect for year-round enjoyment. Located less than 10 minutes from Old Town Scottsdale.

2530 E Devonshire Avenue Phoenix, AZ 85016

$800,000
3 Beds
2 Baths
1,643 SqFt
Status Active
MLS # 6784295
Property Type Single Family Residence
Price Type --
Remodeled mid century modern home centrally located in the heart of Phoenix. This wonderful home has so much to offer just minutes from the Biltmore, Piestewa peak, and some of the best shopping and dinning the valley has to offer. Numerous updates including a newer stove and hood, but also maintaining amazing original details such as the brick walls. You will enjoy the massive backyard with space for entertaining. You wont want to miss this one, come see for yourself!

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