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.

What’s Your Home Worth?

Search for Your New Home

1553 E Kennedy Avenue Coolidge, AZ 85128

$800,000
5 Beds
4 Baths
3,461 SqFt
Status Active Under Contract
MLS # 6739416
Property Type Single Family Residence
Price Type --
This exceptional property sits on just over 1 acre, providing ample space for animals and recreational vehicles. Located in a gated community of custom homes, it offers tranquility away from busy roads. Features include wood plank tile floors, an open-concept great room, a gourmet kitchen with an oversized island, quartz countertops, crown molding, custom hardware and lighting, plantation shutters, reverse osmosis, and soft water systems. The home also has a bedroom with a large en-suite bathroom and a separate entrance, perfect for multi-generational living or Airbnb. Additional highlights include an oversized 3-car garage, full fencing with custom pipe rail and gates, and protection from high-density housing. Enjoy the growing Coolidge and Florence areas with new restaurants, shop

29643 N 46th Street Cave Creek, AZ 85331

$800,000
3 Beds
2.5 Baths
2,400 SqFt
Status Active Under Contract
MLS # 6770683
Property Type Single Family Residence
Price Type --
Welcome to your dream home, a hidden gem that has never been on the market! This stunning residence features soaring vaulted ceilings, fresh interior paint and a beautifully remodeled primary bathroom, complemented by a custom primary closet. With a roof, windows, and HVAC all less than 4 years old, you can move in with peace of mind. Enjoy serene backyard views backing to open space, complete with a sparkling pool and flourishing citrus trees in a low-maintenance yard. Nestled in a quiet neighborhood, you're just minutes from hiking trails, schools, and vibrant downtown Cave Creek bars, restaurants, and shops, and conveniently close to Tatum Ranch Golf Course. Don't miss this rare opportunity!

318 E Elgin Street Gilbert, AZ 85295

$800,000
5 Beds
3 Baths
3,479 SqFt
Status Active Under Contract
MLS # 6754157
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of Gilbert! This expansive 5-bedroom, 3-bathroom residence boasts over 3,400sf of living space, offering an ideal blend of comfort and style. As you step inside, you'll be greeted by upgraded tile flooring that seamlessly flows through all the right places. Upstairs, you'll find plush carpeting in the bedrooms, providing a warm and inviting atmosphere. A standout feature of this property is the massive 4-car garage, offering lots of space for vehicles, storage, or a workshop. To top it off, this home has 2 new HVAC units! Located in the Allen Ranch community, this home is just moments away from parks, shopping, and dining options, while still offering the tranquility of a well-established neighborhood. Don't miss out on this Gilbert gem!

22335 E Duncan Street Queen Creek, AZ 85142

$800,000
5 Beds
3.5 Baths
3,173 SqFt
Status Active Under Contract
MLS # 6774999
Property Type Single Family Residence
Price Type --
This stunning corner lot home with an attached casita offers both luxury and practicality, perfect for multi-generational living or hosting guests. The gourmet kitchen boasts high-end GE Monogram stainless steel appliances, quartz countertops, shaker white cabinets, a gas cooktop with a warming light system, and a central griddle/cutting board. The open-concept layout flows into the great room, featuring custom blackout blinds, a custom TV console that conveys, and sliding doors leading to the resort-style backyard. The backyard is an entertainer's dream with a heated saltwater pool, waterfall feature with Mexican beach pebbles, spa with jets, and a gas fire bowl topped in black glass cubes. Both the covered patio and steel ramada with tongue-and-groove ceiling and fan (wiring) are perfect places to relax or entertain. Impeccable desert landscaping with pygmy palms and custom lighting adds to the oasis feel. The home's whole-house water filtration system, Wi-Fi boosters, and a weather station sensor provide modern convenience. The luxurious primary suite offers a custom closet system and a spa-like bathroom with a glass walk-in shower and double sinks. The bedroom near the entryway can be used as an office, perfect for working from home. The attached casita is a fully equipped 1-bed, 1-bath home with its own kitchen, eating nook, stainless steel appliances, laundry, separate entry and garage, and private yard ideal for guests or independent living. With so many thoughtful details, this home truly has it all! Location: Close to Queen Creek High School and the Independent American Leadership Academy K-6, plus a park in the neighborhood.

4902 W Saddlehorn Road Phoenix, AZ 85083

$800,000
4 Beds
3 Baths
3,480 SqFt
Status Active Under Contract
MLS # 6771783
Property Type Single Family Residence
Price Type --
Beautiful home in the highly sought-after Indian Springs Estates.4-bedroom, 3-bath home features an open layout with ample storage. The updated kitchen showcases granite countertops and island, complemented by a stylish wet bar in the family room for entertaining. A craft room awaits your creative touch.Step outside to your resort-style backyard, complete with a sparkling pool, lush landscaping, and a large covered patio ideal for gatherings. The outdoor kitchen is a fantastic addition, perfect for hosting barbecues and outdoor dining. The master suite boasts a jacuzzi tub, double sinks, and an expansive walk-in closet. Enjoy sunsets from the private balcony overlooking the backyard and mountain views. Located on a corner lot, you will be close to shopping, dining, golf, and a water park.

4431 E Pinnacle Vista Drive Cave Creek, AZ 85331

$800,000
4 Beds
3 Baths
3,061 SqFt
Status Active Under Contract
MLS # 6783229
Property Type Single Family Residence
Price Type --

1022 W Las Palmaritas Drive Phoenix, AZ 85021

$800,000
3 Beds
2 Baths
1,783 SqFt
Status Active Under Contract
MLS # 6751735
Property Type Single Family Residence
Price Type --
Welcome to your North Central Phoenix oasis! Situated on a third of an acre on one of the most desirable streets in the Royal Palm neighborhood, this beautifully maintained home offers the next owner an incredibly livable floor plan or an opportunity to make adjustments to make the home whatever you would like. The large, lush, irrigated corner lot offers north/south orientation and mature foliage. Steps away from Royal Palm Park and nestled in the heart of the neighborhood, this home is close to schools (including Sunnyslope High School), shopping, and dining. Don't miss your chance to make the classic North Central ranch home yours!

7401 N Scottsdale Road Unit 24 Paradise Valley, AZ 85253

$800,000
3 Beds
2.5 Baths
2,401 SqFt
Status Active
MLS # 6777654
Property Type Townhouse
Price Type --
Updated LUXURY! Location, views, open floor plan! $100k+ in upgrades, optional $80k in luxury Restoration Hardware furnishings on separate bill of sale. Great forever home or investment! Mountains, golf course and water views. Access to adjoining hotel pickleball/tennis courts, pool with food and towel service, workout room, plus kayak and paddle boats for fun on the lake (avail for a daily fee) HOA fees cover Cable TV, internet, water, sewer, trash, roof/landscaping and more! Luxury upgrades include new tile throughout, glass walls and railings, spacious eat-in kitchen with big island, tankless water heater, new skylights, and all windows are tinted. 3 outdoor areas including private Master balcony, private BBQ patio, and open lawn patio.

3411 E San Xavier Road Sierra Vista, AZ 85635

$800,000
6 Beds
5.5 Baths
4,539 SqFt
Status Active
MLS # 6711465
Property Type Single Family Residence
Price Type --
This Beautiful multi-generational home with its 6br 5bth +1/2 bth by the pool. Home is 4538sqft +1056sqft walk out fully finished basement, 3 car garage with storage room, Home offers a Parents suit that is 1095sqft with a private entrance, Fully finished basement with Living room, Pool table that stays with the home, Bedroom, and bathroom, also has private patio and walk up exterior stairs for the young adult. Two Master suits with private bathrooms, two large bedrooms with shared bathroom. Central Vacum. This amazing home sits on 1.7 acers with a sparkling pool with slide and waterfall. Pool is completely fenced. Some Nice fruit trees , grass RV gate and block wall surrounding the back yard for total privacy.

2415 E Cochise Road Phoenix, AZ 85028

$800,000
4 Beds
2 Baths
2,284 SqFt
Status Active
MLS # 6719966
Property Type Single Family Residence
Price Type --
Welcome to this beautifully maintained & updated 4-bedroom, 2-bathroom home nestled in a serene neighborhood near the base of the Phoenix Mountain Preserve. This cherished home, built in 1970 and impeccably cared for by the original owners for 54 years, exudes a timeless charm and showcases meticulous upkeep. Key Features: Prime Location: Situated just south of Shea Boulevard and steps away from Trail 101, one of the area's most popular hiking trails, this home offers unparalleled access to outdoor adventure and stunning mountain views. Modern Upgrades: dual-pane windows throughout. Both bathrooms and the kitchen have been tastefully remodeled, featuring modern fixtures and finishes. Solar energy and natural gas keep expenses low. All the 70's dated issues have been improved - no sunken rooms, no popcorn ceilings, electricity is in all the ceilings plus pocket lights were added, all aluminum single pane windows were replaced with quality dual pane energy efficient windows. Interior Excellence: The home boasts a fantastic layout with a blend of new tile flooring and carpet in the right places. Curb Appeal: Nestled in a quiet, mature and beautifully maintained neighborhood with no HOA, this property features great curb appeal and a large .25-acre lot, perfect for gardening, entertaining, or simply enjoying the beautiful Arizona weather. Don't miss your chance to own this gem at the heart of one of Phoenix's most desirable neighborhoods.

28911 N 41st Place Cave Creek, AZ 85331

$800,000
5 Beds
3 Baths
2,905 SqFt
Status Active
MLS # 6740548
Property Type Single Family Residence
Price Type --
Prepare to be amazed by this home built in 2016, with exceptional entertaining space. Featuring a gourmet kitchen, 5 bedrooms, 3 bathrooms, and a backyard that will make you never want to go inside. The backyard has all the Paradise Vibes that will make all your friends green with envy. The oversized pool boasts a spacious Baja shelf complemented by an impressive water feature to create the perfect ambiance. Adjacent to the pool is an outdoor kitchen complete with a bar seating area for 10. A built-in smoker produces mouthwatering meats while the natural gas grill sizzles up steak and spicy shishito peppers. As the day transitions into night, savor the serenity of Cave Creek's dark skies. When it's time to retreat indoors, you'll be welcomed by a gourmet kitchen featuring a gas cooktop, elegant white shaker cabinets with 42 uppers, granite countertops, an island, stainless steel appliances, and a pantry. The main level also offers a full bedroom and bath for guests who won't want to leave! Upstairs, the primary bedroom awaits with an ensuite bathroom boasting a tiled shower large enough to rival a car wash, a double vanity, and a spacious walk-in closet. Additionally, the upper level includes three more generously sized guest bedrooms with walk in closets, a guest bathroom, and a loft space perfect for a second living room, office, or gym. Run don't walk to see this dream of a house, as backyards of this caliber are in high demand. Cave Creek offers top-notch schools, amazing shopping, and dining delights. Don't miss the famous Buffalo Chip Saloon and world-class golf, plus unbeatable biking and hiking trails. A quick drive to the best of Desert Ridge & Scottsdale. It's all right here!

4910 W Mountain Hollow Loop Show Low, AZ 85901

$800,000
5 Beds
3 Baths
2,757 SqFt
Status Active
MLS # 6743878
Property Type Single Family Residence
Price Type --
Introducing your dream home! Nestled in a serene and welcoming neighborhood, this brand new build boasts five spacious bedrooms and 3 luxurious baths. Designed with modern living in mind, this home offers ample space for both relaxation and entertainment, making it perfect for growing families or those who love to host guests. One of the standout features of this stunning property is the primary room located conveniently on the ground floor. This provides easy access and a retreatesque atmosphere for the homeowners, ensuring privacy and comfort. The ensuite bathroom in the primary room is equipped with high-end fixtures and finishes, creating a spa-like experience right in your own home. Step outside to discover the beautifully landscaped yard, which offers a peaceful.. outdoor activities or simple relaxation. The meticulously designed garden area is perfect for those who enjoy nature and outdoor living. Whether you're hosting a summer barbecue or enjoying a quiet morning coffee, this landscaped paradise will be your sanctuary. Don't miss the opportunity to make this impeccable, move-in-ready home yours!

Leave a Reply

Your email address will not be published.