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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343 W Canyon Street Apache Junction, AZ 85120

$800,000
3 Beds
2.5 Baths
2,512 SqFt
Status Active
MLS # 6745971
Property Type Single Family Residence
Price Type --
Tucked away in the breathtaking Superstition Mountains, this stunning custom home offers sweeping views of city lights and mountain landscapes. Enter through the courtyard to a mosaic-tiled foyer, where handcrafted wood floors and travertine exude elegance. Expansive windows flood the interior with natural light and frame a picturesque backyard dotted with Saguaros. The cozy den and spacious family room are ideal for both relaxation and entertaining. The chef's kitchen boasts granite countertops, walnut cabinets, and stylish pendant lighting. The luxurious master suite features a custom therapeutic jet tub. This property also accommodates horses with 32x16 horse stalls and nearby riding trails, enhancing its appeal. With new carpet, a 2022 roof, solar panels, 1.25 acres, and no HOA!

3294 E Blue Ridge Way Gilbert, AZ 85298

$800,000
5 Beds
2.5 Baths
3,567 SqFt
Status Active
MLS # 6759907
Property Type Single Family Residence
Price Type --
PRICE IMPROVEMENT ~ Dream home, open floor plan, top school district! This stunning Marbella Vineyards home has over $115,000 in updates! Featuring paid-off solar panels and a backyard oasis with a heated pool for year-round enjoyment, this gem is located in one of Gilbert's best areas within the top-rated Chandler school district. The home offers 5 bedrooms, including two on the first floor: a master suite and an extra room perfect as a bedroom, office, or gym. Enjoy an open floor plan, custom entertainment built-ins, hardwood and tile flooring, and a chef's kitchen with cherry cabinets, granite countertops, and modern finishes. Don't miss this rare find!

951 N Forest Court Chandler, AZ 85226

$800,000
4 Beds
2.5 Baths
2,948 SqFt
Status Active
MLS # 6762929
Property Type Single Family Residence
Price Type --
Oversized private lot on a unique corner cul-de-sac within another cul-de-sac w/only one neighboring home. Down the street from a park, elementary school, Intel, shopping, dining, the gym, freeways & more! Spacious, open, high ceilings & tons of natural light in this RECENTLY UPDATED home. Freshly painted inside 2024 & exterior '22. The kitchen has tons of cabinets, gorgeous quartz counters & sparkling stainless appliances. DOWNSTAIRS, the private, spacious owner's suite has a newly remodeled shower! Upstairs is a bonus/game/media room (or 2nd master) & 3 large bedrooms sharing the newly remodeled bath. NEWER ROOF, wired for surround sound, security system & central vac+energy efficient features. The spacious back yard has an extended covered patio, sports court & lush, green play area.

1119 E Paseo Way Phoenix, AZ 85042

$800,000
4 Beds
3.5 Baths
3,594 SqFt
Status Active
MLS # 6771963
Property Type Single Family Residence
Price Type --
The seller is highly motivated, and time is of the essence! Pre-lisitng inspection completed and available to any buy that requests. This property presents an exceptional opportunity in the area, creating a win-win situation for all parties involved. Don't miss your chance to be the fortunate buyer of this beautifully pre-inspected home, which is ready for immediate sale.Experience elevated living within the South Mountain Preserve! Nestled in the prestigious gated community of Avance, this never-before-listed, newer construction home backs onto 16,000 acres of parkland with hiking, biking, and horseback trails. Just minutes from downtown Phoenix's urban restaurants, sporting events, and convenient proximity to the airport without airport noise make this home desirable. This tranquil retreat offers four spacious bedrooms, a flex space, and the perfect open floor plan to enjoy friends and family. The modern kitchen, on trend finishes, and a chef's outdoor kitchen and backyard oasis with extensive landscaping blends luxury with nature's beauty in a prime location. So many attributes to share, but must see! Come for a private tour today!

9727 E Palm Ridge Drive Scottsdale, AZ 85260

$800,000
4 Beds
2.5 Baths
2,240 SqFt
Status Active Under Contract
MLS # 6768358
Property Type Single Family Residence
Price Type --
Great location. Close to schools, parks, shopping & restaurants. This ready to move in home features a private pool 4 bedrooms and 2.5 Bath. Vaulted ceilings Enjoy the natural gas fire pit after a dip in your recently redone pebble teched pool. The primary bedroom split from the 3 other bedrooms offers privacy. This well designed 2240 sq ft. features private formal dining and eat in kitchen with great room and living room. Newer double paned windows, new roof in 2022, new air conditioner 2019. Inside painted and new carpet in the primary bedroom & walk in closet. Special corner lot with side gate rear yard access. Lots of storage, laundry room with walk in pantry.

7720 N 181st Avenue Waddell, AZ 85355

$800,000
3 Beds
2 Baths
2,024 SqFt
Status Active
MLS # 6753868
Property Type Single Family Residence
Price Type --
Rare find! 2 acre horse property only minutes from Hwy 303!You'll know it's special as you drive up to the expansive front lawn and then see the welcoming front porch! The 3 bed 2 bath home w/split floor plan, living room, vaulted ceilings,ceiling fans,family room with dining area, eat in kitchen w/corian counters. Primary en suite bedroom w/step in shower and walk in closet-slider to back patio! Huge 2nd bedroom! Nicely sized 3rd bedroom-great for home office. 2 garages! Everything you'll want outside too- covered patio, separate pergola covered BBQ area,fenced yard, fully fenced pasture, lighted arena, covered stall/tack area w/water and power, flood irrigation.

10641 E Relativity Avenue Mesa, AZ 85212

$800,000 - 4Br/3Ba -  for Sale in Eastmark Development Unit 6 South Parcels 6-1 And, Mesa
Open House
$800,000
4 Beds
2.5 Baths
2,475 SqFt
Status Active
MLS # 6774760
Property Type Single Family Residence
Price Type --
Are you in search of a semi-custom luxury residence in a masterfully designed community? This exquisite corner lot property, with no neighboring homes to the east and a serene park in the front yard, is your ideal sanctuary. As you approach, you are welcomed by an elegant extended porch adorned with pavers and a grand entryway. Upon entering, the ambiance of opulence envelops you, featuring real hardwood plank flooring, 7-inch baseboards, and meticulously curated designer light fixtures. To the left, a sophisticated powder room awaits, showcasing an upscale vanity and chic lighting. The hallway leads to a versatile den or bedroom, complemented by two additional bedrooms and a luxurious full bathroom, each equipped with walk-in closets. Venture further into the heart of the homea breathtaking open-concept living, dining, and kitchen area filled with natural light. The impressive 18-foot sliding doors enhance the space, seamlessly connecting indoor and outdoor living. The kitchen is a chef's dream, featuring a sprawling quartz island, elegant gold cabinet knobs, and top-of-the-line Bosch appliances, including an induction cooktop and oven. Don't miss the professionally designed pantry, optimized for convenience and style. Throughout the home, Pottery Barn rods and elegant drapes provide a sophisticated touch. The living room is equipped with surround sound speakers, making it perfect for entertaining guests. Step into the primary suite, a true oasis of tranquility. Bathed in light and featuring soft, neutral-toned carpeting, this retreat includes luxurious countertops, exquisite light fixtures, and a frameless shower with dual showerheads, including a rain shower. The professionally designed primary closet maximizes space with thoughtful storage solutions, seamlessly connecting to the laundry room, which boasts quartz countertops and ample cabinetry. Every detail has been carefully considered, from the recently elevated 8-foot doors adorned with Emtek doorknobs to the Hallmark Hardwood Flooring. The entire home is equipped with a state-of-the-art water filtration system. As you step into the backyard through the stunning sliding doors, you'll find an expansive turf area and a beautiful paver patio, complete with a stylish gas fireplaceperfect for relaxation and gatherings. The three-car garage features premium epoxy flooring, ample cabinetry, and hanging storage, ensuring both functionality and elegance. Embrace the luxury lifestyle you deserve in this remarkable home

Scottsdale AZ 85254

$799,999
4 Beds
2 Baths
2,240 SqFt
Status Active
MLS # 6783085
Property Type Single Family Residence
Price Type --
MAGIC 85254 ZIP CODE! 5 minutes to restaurants & shopping at Kierland Commons. This single level 4 bd/2 ba Tatum Horizons home has a large *5th bedroom with closet * office, features spacious soaring ceilings. Chef's kitchen w/ granite countertops, all NEW kitchen appliances. Exterior of home has been freshly painted. Enjoy a yard w/ mature fruit trees, foliage, private pool and spa, all set in a desert landscape. The Pool/Spa have NEW variable speed pump, NEW cartridge filter system, NEW multicolor LED lighting for outdoor entertaining, NEW Sprinkler system vacuum breaker, NEW whole house on water filtration system, Electrical NEW Home battery, Electrical wiring re-done, Solar panels PAID OFF. NEW light fixtures entryway/Library, NEW $7000 custom front door. REDUCED & READY TO GO!

9516 E Hansen Way Gold Canyon, AZ 85118

$799,999
4 Beds
3 Baths
2,738 SqFt
Status Active Under Contract
MLS # 6646298
Property Type Single Family Residence
Price Type --
JUST COMPLETED New Construction contemporary desert home on 1.25 ACRES with direct backyard views of the Superstition Mountains! This new build with NO HOA includes a gorgeous custom iron front door, a MASSIVE open Kitchen & living room with high-end Cabinets, White Quartz Countertops, 36'' Cooktop, Built-in Stainless Steel Microwave and double ovens, & upgraded flooring. The upgrades continue with a stunning Master Bathroom with a Freestanding Soaking Tub, Modern Shower and Beautiful Double Vanities, an oversized four car garage, exceptional energy efficiency with spray foam insulated walls & ceilings, upgrading A/C system, Premium Stucco, & last but not least an upgraded full 12' patio to watch the sunset on the Superstition Mountains from.

1563 S Pennington Drive Chandler, AZ 85286

$799,999
3 Beds
2 Baths
1,236 SqFt
Status Active
MLS # 6744940
Property Type Single Family Residence
Price Type --
Waterfront lot! Completely renovated inside and out. Enclosed yard with private pool and covered patio. This 3 bed and 2 bath single story home has been completely remodeled and has its own lakeside deck for a tranquil and serene environment. All new appliances are included! Highly desirable location near top tech companies. Also available for rent.

35645 N 3rd Street Phoenix, AZ 85086

$799,999
4 Beds
3 Baths
2,350 SqFt
Status Active
MLS # 6749123
Property Type Single Family Residence
Price Type --
Bring your toys & horses! This amazing 1+ acre property has room for both, including 2 RV gates for easy access to backyard & horse stalls/arena. Open floorplan with great room is perfect for entertaining! The recently renovated kitchen offers plenty of cabinet/counter space, walk-in pantry, granite countertops & stainless steel appliances. Primary suite includes full bath with separate shower & soaking tub, dual sinks & walk-in closet. Split separate bedroom with ¾ bath would be great for guests/in-law set up! Indoor laundry & new tankless water heater. Save on electricity w/owned solar! Huge backyard with covered patio and salt water diving pool! This lot includes circular drive for extra parking, RV electric hookup & a 6-stall mare motel with water/electricity large tack room & arena.

501-b N Maranantha Road Payson, AZ 85541

$799,999
1 Bed
1 Bath
1,600 SqFt
Status Active
MLS # 6752255
Property Type Single Family Residence
Price Type --
PRIVATE & RARE OPPORTUNITY TO LIVE ON & BUILD CUSTOM~CURRENTLY Subdividing the 11 Acres into an upper 5+ and a lower 5+. Gated & Fenced Private Drive leads straight to barn w/ 4 Horse Stables, Run-In Shed, 4 Corrals & 2 Exercise Fields~Spacious Barn has Laundry Room, Washer & Dryer, 3/4 bath, Large Workshop Area, Plenty of power, 16' Roll-up Door on the downstairs portion~Comfortable Living Accommodations Upstairs with Studio/Bedroom, Kitchenette & Full size refrigerator~Property includes Approved Septic & option to connect to Sewer. Amazing 100' x 100' cleared homesite, already has water, electric meter & internet cable service. Additional field with raw land has potential for 2nd building site w/ an elevated position for possible guest house~All facts and figures to be verified by buyer

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