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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199 N Old Mill Road Tonto Basin, AZ 85553

$799,999
2 Beds
3 Baths
1,540 SqFt
Status Active
MLS # 6765056
Property Type Single Family Residence
Price Type --
This 3.37-acre property features a Residential/Commercial opportunity (2000 sf. Shop with a 9000# exterior vehicle lift) with views of the surrounding mountains for miles and miles! This beautifully crafted home has many smart home features including Full RING interior/exterior security system throughout including cameras, lights, keypad, and window/door sensors. Smart lock front door, App controlled front gate, App controlled wireless window blinds throughout home, Bluetooth mirror and exhaust fan in guest bathroom, Starlink equipment (conveys). Master bedroom custom shower, & custom walk-in closet. Water softener, propane on demand water heater. The upper deck has plumbed propane, Bluetooth surround sound system, 55' smart TV, Flood lights, recessed led lighting, celling fans, Trex de Trex decking, multiple power outlets and teak wood patio furniture (conveys). The lower patio has a 2yr old Tuff Spa - 240V hot tub (conveys), plumbed propane with BBQ grill connection. The attached Shop features a roof top swamp cooler, built-in cabinets w/countertops and sink. Full RV hook-ups next to the shop with 100amp service. Large doggie door with attached kennel (conveys). 12x20 Gazebo will convey (to be erected in next couple of months). 2 Conex Boxes with adjoining carport. Plenty of room to build guest house, horse facilities etc. Just 7 miles from Roosevelt Lake for fishing & water sports, and many mountain roads and trails for riding. Don't miss out on this one-of-a-kind property with many uses!

4700 S Fulton Ranch Boulevard Unit 62 Chandler, AZ 85248

$799,999
3 Beds
2.5 Baths
2,485 SqFt
Status Active
MLS # 6770395
Property Type Townhouse
Price Type --
Priced below its recent appraisal, this stunning home in the highly sought-after Fulton Ranch gated community of Crescent Falls offers unparalleled luxury & value. Sitting on a premiumwaterfront, N/S lot w/ breathtaking lake views, no expense has been spared in this former model home. It boasts a total remodel w/ custom features typically found in multi-million-dollar estates, including a gourmet kitchen w/ top-tier appliances, custom cabinetry, & granite countertops. The primary bedroom suite & bathrooms feature high-end custom cabinetry, while the garage includes built-in storage and epoxy floors. Additional upgrades include new fixtures, lighting, a state-of-the-art HVAC system, & new professional landscaping w/ a built-in BBQ & private, covered patio. Community offers a pool & spa for relaxation. Perfect as a luxurious lock-and-leave residencethis home is a must-see!

4026 E Madre Del Oro Drive Cave Creek, AZ 85331

$799,999
4 Beds
3.5 Baths
2,765 SqFt
Status Active
MLS # 6773748
Property Type Single Family Residence
Price Type --
Location + ''Guest House'' = Rare Opportunity. This home has it all! Highly versatile and in-demand floor plan that includes two separate homes within one home. The main residence offers an open-concept living area with modern finishes, including easy maintenance porcelain ''wood'' plank flooring, a gourmet kitchen with stainless steel appliances, quartz countertops, and gas range. The second level has loft area and three additional bedrooms, hall bath and laundry room. Primary suite with walk-in closet and luxurious spa-like bath! Guest Quarters with private side entrance has Kitchen, living Rm, spacious bedroom and bath! Perfect for Multi-Generational living! Self contained living with its own white shaker kitchen cabinets with quartz counters and stainless steel appliance package, living room, bedroom with a walk-in closet with stacked front load laundry, private bathroom, and secured access to garage and main house, providing you with multiple options...adult children, elderly parents, a home office, or enhance your cashflow with short or long term rental. The entire property is on automatic watering of the professionally landscaped xeriscape front and, the backyard features fruit trees like lemon, pomegranate, orange, and nectarine strategically placed into the hardscape offering large space for privately watching sunrises and sunsets plus entertaining. The home's smart home features and energy-efficient design make it optimal for today's needs, prioritizing comfort and convenience while maintaining privacy. Layout is perfect for families seeking flexibility or those looking to incorporate both private and shared living spaces. All this plus the whole house water purification system and RO in both homes will convey. 2 car garage with EV charging as well. Excited? Please take action now before this opportunity is gone.

8 E Tranquil Lane Flagstaff, AZ 86005

$799,999
4 Beds
2.5 Baths
2,450 SqFt
Status Active
MLS # 6784198
Property Type Single Family Residence
Price Type --
Welcome Home to this beautiful Sanctury home, Single level, 2450 sq/ft, 2018 built located in the heart of Flagstaff, a perfect blend of comfort and charm, nestled on a beautifully treed .26 acre lot with amazing peak views. Yes, that's true- this ''Vacant'' 4 bed rooms, 2.5 bath and over sized 2 car garage home has it all. The home has open concept plan with spacious kitchen with granite counters, walking pantry, vaulted ceilings, office or formal dining room, covered front porch and huge covered back deck. Separate laundry and the list is going on. Not to forget- Dolby 11.1 surround system installed in wall, connected to the living room and 5.1 surround system installed in the 4th bed room as well. The walk-out basement has room for your storage. Visit this CLEAN MOVE IN READY home.

2588 E Aloe Place Chandler, AZ 85286

$799,999
4 Beds
2.5 Baths
2,596 SqFt
Status Active Under Contract
MLS # 6777501
Property Type Single Family Residence
Price Type --
STYLE~LUX~COMFORT~YOU~Santa Barbara Classic~ELEGANCE~TRADITION~This property you'll be so proud to have as your own~Single level, 3 car garage~Private Courtyard that flows thru custom, secure iron door~Gutters & pavers keep immaculate~Welcomed thru the main entry to the formal foyer~There you are teased with a glimpse into the Greatroom, kitchen & Wall of Glass Doors~AZ Alfresco living~Informal entry from the garage is Shiplap wall~Hooks for purses/packs~Powder bath~I so LOVE the split floorplan~Primary suite on its own NE wing~The 3 more beds on the SE side~Exclusive hardwood floors in the entries, halls, greatroom, gourmet kitchen, dining, & den~Plantation Shutters~42'' Espresso stained cabinets & Slab counters T/O~Convect/Gas cooking~Designer Choice Fixtures~Carpet~New Landscaping Choice Fixtures~Carpet~New Landscaping. Include multiple Neighborhood parks and is in extremely close proximity to city parks, shopping, restaurants, activities, and best of the best Chandler A+ rated public schools, and Basis, Great Hearts, Gilbert Christian. Easy access to the freeways, 30 min to downtowns and airports. Maracay is very well known and distinguished builder in the valley and this house is very, very lightly lived in. Super low maintenance yard makes it an amazing primary or secondary home. I promise you will be so pleasantly pleased and want to write an offer immediately.

9452 E Saturn Avenue Mesa, AZ 85212

$799,999
5 Beds
2.5 Baths
3,465 SqFt
Status Active
MLS # 6781714
Property Type Single Family Residence
Price Type --
This incredible property with a sparkling pool is on the market! Spacious garage with extended pavers for extra parking. Delightful floor plan has cozy living spaces and an equipped kitchen boasting granite polished counters, beautiful cabinets, and all the appliances for your cooking. Upstairs, you'll find a loft area with endless entertaining possibilities. The primary bedroom features a private covered balcony and a lavish ensuite. Out the back, relax under the covered patio or blue pool. You won't be disappointed! Professional pictures coming this weekend!

8832 W Golddust Drive Queen Creek, AZ 85144

$799,999
3 Beds
2.5 Baths
2,861 SqFt
Status Active
MLS # 6723340
Property Type Single Family Residence
Price Type --
Back on Market 10/13 **PRICE REDUCED** Motivated Seller, bring an offer and let's get a deal done! NEW Privacy Fence ($6,000) just installed behind the pool. Sitting on a little over 3/4 of an acre lot just below the San Tan Mountain is this Beautiful single story home in the Goldmine Equestrian Estates. Not far from the city, escape to this little country community with great neighbors and trails for horseback riding, hiking and bike riding. Got horses?? Bring'em, home has a fenced in corral, stalls and tack room all ready for you. This home has a wonderful layout and open concept with large kitchen/island and great room, perfect for entertaining. It has 3 bedrooms, 2.5 baths and a large bonus room/game room(easily made into another bedroom) and or office...lots of possibilities!! Spacious Owners bedroom with large walk-in closet and renovated bathroom that offers a beautiful walk-in shower. It also has a 3 car garage with a rear garage door to the back yard. Lots of extra space to add a RV Garage, Casita, and or any kind of building you want to fit your needs. Priced below current comps and move-in-ready for its new Owners!! Put this on your list to see, you'll be glad you did!

20312 E Via Del Rancho Road Queen Creek, AZ 85142

$799,999
4 Beds
2.5 Baths
4,962 SqFt
Status Active
MLS # 6722390
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the prestigious Montelena community! This exquisite residence features elegant hardwood floors and a chef's kitchen with top-of-the-line gas appliances, built-in ovens, and granite countertops. The open-concept layout connects the kitchen to a spacious family room with custom built-in bookshelves and a cozy fireplace. The master suite is a true sanctuary, which offers dual walk-in closets and a luxurious master bath. Enjoy the expansive counter space, oversized jetted tub and walk-in glass shower, . Upstairs, you'll find a fantastic bonus/game room that's perfect for play or relaxation, while the lower level features a dedicated media room for movie nights and entertainment. Large backyard to enjoy activities and plenty of room to add a pool.

7137 E Rancho Vista Drive Unit 2007 Scottsdale, AZ 85251

$799,999
2 Beds
2 Baths
1,242 SqFt
Status Active
MLS # 6756857
Property Type Apartment
Price Type --
Live in the heart of Scottsdale in this luxurious 2-bed, 2-bath condo at Optima Camelview. The open, split floor plan boasts elegant hardwood floors, granite countertops, updated cabinets, and a gourmet kitchen featuring stainless steel appliances and a gas stove. Step onto your expansive private patio with direct stair access to the resort-style pool and spa. Enjoy world-class amenities, including two outdoor pools, an indoor lap pool, spas, steam saunas, basketball and racquetball courts, a pickle ball court, state of the art fitness center, concierge services, and a yummy on-site restaurant. All just steps from premier shopping and dining!

21369 W Hillcrest Boulevard Buckeye, AZ 85396

$799,999
3 Beds
2.5 Baths
2,429 SqFt
Status Active
MLS # 6743385
Property Type Single Family Residence
Price Type --
Maximizing natural light and the best in energy-efficiency, this home boasts 10' flat ceilings, 4 beds, 3 baths, & an oversized family room with both a 12' and an 8' sliding glass door exiting to the extended covered patio. Cook up culinary delights in the gourmet kitchen, featuring upgrade GE stainless appliances, upgraded countertops, gorgeous shaker cabinets, a spacious corner pantry & tile accents at the backsplash. Your owner's suite is an inviting everyday escape showcasing granite countertops, tiled walk-in shower, and a deluxe walk-in closet. Gorgeous two-tone paint & 6''x36'' tile and upgraded carpeting throughout. 2x6 construction & extensive new home warranty. See you soon!

8338 E Hazelwood Street Scottsdale, AZ 85251

$799,999
4 Beds
3 Baths
2,112 SqFt
Status Active
MLS # 6765060
Property Type Single Family Residence
Price Type --
An entertainer's dream can be yours! Welcome to your new 4 bedroom 3 bath house appointed in the heart of Scottsdale, close to many of the best amenities in the city! Near 5th Ave shops, Old Town galleries, Spring training MLB baseball stadiums, TPC Scottsdale golf course and the top restaurants and nightlife in the Scottsdale area! The home features updated Kitchens, Bathrooms, and much more! Come see it for yourself!

8125 E Sheridan Street Scottsdale, AZ 85257

$799,999
3 Beds
2 Baths
2,033 SqFt
Status Active Under Contract
MLS # 6760508
Property Type Single Family Residence
Price Type --
Nestled on a peaceful interior lot, this beautifully remodeled home offers modern elegance with timeless appeal. Step inside to experience a thoughtfully designed floor plan, where natural light fills every corner, creating a warm and inviting ambiance. At the heart of the home is the stylishly upgraded kitchen, featuring stainless steel appliances, brand-new cabinetry, and luxurious finishes. The spacious primary suite serves as a private retreat with a spa-like ensuite bath and generous closet space. Additional bedrooms provide flexibility for guests, while the bonus room offers endless possibilities as an office, studio, or whatever suits your lifestyle. Outside, the private backyard beckons you to unwind in the serene outdoor space, with real grass and sparkling pool. Updated plumbing, new water heater, newer windows, new landscaping (under warranty), new fixtures throughout the home and more. Located in a sought-after neighborhood near Old Town Scottsdale, this remodeled home offers the perfect combination of peace and convenience. From all popular venues, to high end shopping, close to freeways, parks, hiking and A+ rated schools.

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