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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6032 W Victoria Place Chandler, AZ 85226

$2,700,000
6 Beds
5.5 Baths
5,919 SqFt
Status Active
MLS # 6742378
Property Type Single Family Residence
Price Type --
Extraordinary custom home within one of Chandler Arizona most coveted and idyllic gated communities. Trovita's newest built home is located on a desirable north/south exposure lot and nestled within the gated community's private, tree-lined streets, offering a unique opportunity to immediately enjoy all of today's modern styles and finishes within a well-established neighborhood. 2023 and 2024 full remodel of the home the upgrades are stunning with no details overlooked,...... The floor to celling custom retractable accordion doors seamlessly offer indoor and outdoor living to backyard including a custom oasis equipped with a beautiful wood beamed outdoor ramada and kitchen area w/ outdoor seating that offers a Wolf Grill, gas burners, stainless steel sink area, custom stone pizza oven and fireplace. Upgraded heated pool with water features, and custom tiled oversized spa. The large lush grassy yard with citrus trees and palm trees. Fine designer finishes throughout the home , including NEW wood and stone flooring, Crown molding, fully NEW paint throughout including all doors, Lutron automated shades, custom lighting, stone gas fireplaces. 3 of the fully remodeled bathrooms are fully handicapped accessible. One of bedrooms has its own private mini split A/C heater. Other bedroom has also been wired for a mini split. Entertain in the gourmet kitchen w/ an oversized island, stunning granite counters, tile backsplash, custom range hood, stainless appliances & dual convection ovens. The private owners wing provides relaxing amenities such as french doors leading to the resort backyard, a stone gas fireplace and a luxurious ensuite bath outfitted with gorgeous marble finishes, jacuzzi jetted tub, custom chandelier and an oversized marble shower. Even a state of the art Toto toilet. Retreat to the fully functional basement where you will find a large bonus room with wet bar and U-Line beverage fridge, a wine storage area, two of the six bedrooms, a bathroom and a theater room equipped with leather seating, a large screen, projector and a state of the art AV tower. Oversized 3 CG w/ epoxy floors, storage cabinets & a Tesla charging station. Rare palm trees planted in the front yard, ADT alarm is fully installed for added security. Truly a one of a kind custom home in this desirable area of Chandler Arizona.

36001 S Moreton Road Wickenburg, AZ 85390

$2,700,000
3 Beds
3 Baths
2,552 SqFt
Status Active
MLS # 6744469
Property Type Single Family Residence
Price Type --
Hidden Hacienda, Wickenburg's Premier Team Roping and RV Camp Destination. Private, quiet, crisp and clean! 22+ Acres, contiguous to state land. Property available turnkey with tools equipment and furnishings. Secluded hilltop 3 bedroom, 3 bath home overlooking the property. 150 x 300 Roping Arena with Sprinkler System. 28 Covered Horse pens. 7 Stall Barn with turn outs and Tack Room. 60' Panel Round Pen. Outside pens approximately 180' x 40'. Covered Hay Storage and Connex Tool Shop. RV Camp and Club House is county approved and permitted in 2016 offering 110, 30 & 50 amp, plug-ins at each pedestal, water and septic. Club House offers an open-air lounge, two commercial washers and dryers, a commercial ice maker, two bathrooms, one with handicap accessible custom tile show Custom Cabinetry and furnishings. Home has an expansive and very private back yard, new roof and fresh interior and exterior paint as well as new tile and carpet. Property available turnkey with tools equipment and furnishings. Acreage available near the home to build additional shop or barn as well. Property Owned and offered for Sale by Arizona Licensed Real Estate Broker. 4 Parcels Available: 201-13-001-B, 201-02-002M, 201-02-002L, 201-06-005-D. Purchase 22 Acres or 12+ Acres THE ADDITIONAL 10 ACRES BORDERS STATE LAND, IS A PREMIUM LOT AND IS ZONED RCU-2A! MUST SEE Please see Turn Key list of Equipment to convey.

2060 E Quartz Street Mesa, AZ 85213

$2,700,000
7 Beds
8 Baths
6,846 SqFt
Status Active
MLS # 6768491
Property Type Single Family Residence
Price Type --
Recently built, beautifully constructed 2 story home in a quiet neighborhood, no HOA, on the edge of town with access to all major shopping and located just minutes from the freeway. Designed for multi-generational living, this home includes a beautiful large kitchen on the main floor with a large walk-in pantry, a 2nd fully functional kitchen on the 2nd floor. The elegant master bath is a must see with 2 large walk-in closets and a separate laundry in the master closet. Designed for comfort w/ 6 AC zones/thermostats for greater temperature control and balance. All interior walls are insulated for sound reduction. Parking - oversized 4 car garage and large circular drive with RV parking. The detached 1 bedroom guest house is fully functional with a kitchen and laundry.

35140 N 52nd Place Cave Creek, AZ 85331

$2,700,000
5 Beds
4.5 Baths
4,731 SqFt
Status Active
MLS # 6740350
Property Type Single Family Residence
Price Type --
LOCATION! PRIVACY! MOUNTAIN VIEWS! HORSE PROPERTY W RESORT STYLE LIVING! Amazing custom home in one of the best kept secret CC locations. 2.13 fenced acres offers 4733 sf home w attached Casita w/kitchenette, walk through gated court yard,water feature & fireplace. Open the front door to overlook negative edge heated pool/spa & 360 mountain views, huge covered outdoor living area, built-in BBQ, total of 5 bedrooms/4.5bath, office,gourmet kitchen w granite island,ss appliances, w desk,warming drawer,office ,custom cherry cabinets, Big game-room w wet bar/ billiards rm view of pool. 3 stall-barn w turnouts,tack room/feed arena, pipe fencing & miles of trails out your back door, RV full hook up, trailer parking, large 4 car garage, close to all stores/restaurants but feels remote & secluded Features include: Butlers pantry off the kitchen with huge pantry, warming drawer and appliance center, special, under mount and art lighting through-out, Huge 1200 sq foot covered patio with heated pool and spa, family/billiards room with wet bar, wine cabinet with entry to the patio, folding glass folding into the wall patio glass doors from great room to patio to increase the livable space, cozy office off the primary bedroom, attached guest house has been used for Air B&B and is a premier listing on that sight! Guest house offers bedroom kitchenette, and full laundry facilities, full bath and cozy sitting area with access to the fenced front court yard with a fireplace and water feature. Horse facilities offers 3 stalls with runs, trailer parking with full RV hook up, tack/feed room, turn outs and trails for miles of riding right from you home. Fenced dog run, Huge 4 car garage with pull through and large doors- plenty of room for a tractor, & set up for an Air compressor, and lots of storage. surround sound speakers, View out of all windows of the mountains- quiet neighborhood, with paved streets and city water. Minutes to stores, Home Depot/Lowe's, restaurants, and the fun town of Cave Creek.

9290 E Thompson Peak Parkway Unit 444 Scottsdale, AZ 85255

$2,700,000
4 Beds
4.5 Baths
4,538 SqFt
Status Active Under Contract
MLS # 6750976
Property Type Single Family Residence
Price Type --
Full of character and grace this desirable custom estate boasts mountain views with amazing indoor outdoor living spaces. Situated perfectly on a private corner lot in the heart of guard gated DC Ranch Country Club, the inviting front porched entry with water feature welcomes you to a spacious open living area and kitchen. Sprawling outdoor living area to the east boasts a heated diving pool and spa, covered outdoor living area with extended dining space perfect for entertaining, fireplace/sitting area, and built in BBQ. On the North side of the property enjoy a generous artificial turfed area with beautiful mature landscaping. This well-designed split bedroom plan, with a private large guest suite and bathroom offers a covered patio and is split from two ensuite bedrooms. Additional refrigerator is located in the laundry room

4949 E Lincoln Drive Unit 13 Paradise Valley, AZ 85253

$2,700,000
4 Beds
4.5 Baths
3,748 SqFt
Status Active
MLS # 6697345
Property Type Single Family Residence
Price Type --
Nestled at the base of Camelback Mountain, in the exclusive Montelucia Resort guard gated community, Villa 13 offers Arizona's famed lifestyle w/a low maintenance vibe. French doors open out from the great room to the patio allowing a true indoor/outdoor feel. Recent thoughtful updates include sealed limestone countertops in the kitchen/butler pantry w/a refreshed contemporary tile backsplash & redesigned fireplace surround. An open floor plan enhances casual or formal entertaining. All bedrooms are ensuite. Second level is accessible by a paneled elevator. The Omni Montelucia's amenities assure true resort style living: fitness center, 3 pools( in addition to a private pool for Villa residents), restaurants & special events. A true lock & leave lifestyle awaits!

461 Rockrimmon Circle Prescott, AZ 86303

$2,700,000
4 Beds
6 Baths
6,125 SqFt
Status Active
MLS # 6745528
Property Type Single Family Residence
Price Type --
Luxurious Living!This exquisite home nestled in The Ranch of Prescott designed with meticulous attention to detail.Greeted by a grand entry,flows into an open concept living area perfect for entertaining.Gourmet kitchen is a chefs dream,w/high end appliances,custom cabinetry,large island.Great Room w/expansive windows,offers breathtaking views of the surrounding landscape,creating a serene&peaceful ambiance.Luxurious primary suite is a private retreat,complete with spa-like bathroom&spacious walk-in his&herclosets,sitting room.Additional bedrooms are generously sized,w/en-suite bathroom, ensuring privacy&comfort for guests or family.State of the art home theater,spacious family room,full kitchen,for entertainment&family get togethers,expansive deck, where you can enjoy panoramic views Step outside onto the expansive deck, upstairs and the lower level where you can enjoy panoramic views of the lush, rolling hills and stunning natural beauty. The outdoor space is perfect for hosting gatherings or simply unwinding with a glass of wine as you take in the spectacular sunsets or relax in the hot tub and enjoy the warmth of the firepit. Every detail of this home has been thoughtfully designed to offer the finest in luxury living. Amenities List is available upon request. Don't miss the opportunity to make this your dream home

14438 E Shadow Canyon Drive Fountain Hills, AZ 85268

$2,700,000 - 4Br/4Ba -  for Sale in Shadow Canyon At Sunridge Canyon, Fountain Hills
Open House
$2,700,000
4 Beds
4 Baths
4,486 SqFt
Status Active
MLS # 6710679
Property Type Single Family Residence
Price Type --
Contemporary SW with panoramic views of the Superstition Mtns, Red Rock & the McDowells from your own mountaintop sanctuary. Sunrises over 4Peaks Mtn and its colorful end to your day will spoil you for anything else. Enter a gated courtyard with multi-level water feature and Koi Pond, to a massive entry with iron doors. The interior structure was artfully engineered so that views are unimpeded, with a 20' center-point ceiling and beams. The focal point of the living area is an ASID award winning media wall built on a radius that seamlessly incorporates the stone fireplace, custom lighting and media storage. An electronic, 20' x 10', 4-panel door fully pockets to feature the views, the massive patio, outdoor fireplace, grilling area, pool and spa for seamless indoor-outdoor enjoyment. SOPHISTICATED INTERIORS: The Carcacol design of the iron doors is repeated in a pattern on the floor and is known as Circles of Love. ASID award-winning media center is of Zebra Wood in a radius design that ties seamlessly into a stacked stone gas fireplace with special art lighting High-end Entertainment System is easily accessed to rear equipment room and includes Pioneer, Integra, JVC, Harmon/ Karden, Contour, NHT Contemporary art chandeliers and fans 20' ceilings in great room with massive beams Soaring 12' - 20' ceilings throughout 8' Interior solid wood doors Custom Maple cabinetry in specialty finishes throughout the entire home Plenty of wall space for art with tons of directional lighting to highlight every piece Travertine style tile flooring with Granite accents 10' x 20' mechanical, fully pocketing slider doors at the great room patio with clerestory windows Elegant guest bath features Palladio Granite counters, a Rajah Slate wall, art glass bowl, natural stone, and glass W/I shower as well Toto commode DINING AND ENTERTAINING: Stunning Dining Room offers two sets of French doors to outdoor dining/kitchen space Butler pantry with a dishwasher - tuck the dishes away and shut the door Perfect size table for large groups or a better party Sunny breakfast nook KITCHEN FOR THE MOST CREATIVE CHEF: Dacor 6-burner cooktop with oversized Thermador double ovens, warming drawer, and built-in microwave Sub-Zero side-by-side refrigerator/freezer Bosch dishwasher Presentation-style kitchen features a massive center island of Uba Tuba Granite Murano Glass pendants light the islands and peninsulas There is a convenient relationship between the open kitchen and the adjacent bar and breakfast nook, all featuring granite peninsulas perfect for hosting a large crowd Wet bar area has plenty of glass and bar storage, Uline wine cooler, Uline beverage cooler, GE Monogram ice maker plus tons of counter space Double kitchen sink and two bar sinks, each with Grohe faucets Butler's pantry has tons more cabinetry with Granite counters sink and a Bosch dishwasher Walk-in pantry room with floor-to-ceiling shelving MASTER BEDROOM AND GUEST SUITES: Primary Suite features 10' x 15' double sliding doors to a private patio sculptured into the native rock. * Double vanity features custom cabinetry with Verde Fuoco Granite counters * Towel warmer * Jetta tub with slate surround and picture window to enjoy the beauty of the rock surroundings * Slate walk-in shower offers multiple shower heads and sprays * Huge closet features custom rod space with plenty of shelving and drawers * Two private toilet rooms, each with Toto commodes Two Additional Guest Suites * Guest suite one - offers a large walk-in closet, full bath, clerestory windows, and patio access * Guest suite 2 - offers a bath with natural stone and glass W/I shower with seating Two Additional Flex Rooms for Office/Den/ Guest Rooms * Front Den/Exercise Room overlooks the front courtyard * The rear office is convenient to the primary suite and makes a perfect den with access to a private patio. The built-in cabinets have replaceable doors for a full closet if desired OUTDOOR SPACES: Serene, gated courtyard offers a multi-layer rock water feature and beautiful Koi Pond Uniquely designed Carcacol style iron doors feature a 10' radius top iron and provide a stunning entry statement The home is artfully tucked into the natural rock walls of the hill-top site There are multiple outdoor dining and seating areas Outdoor Kitchen features a Viking Grill with side burner Heated pool and spa feature an automated cover Seamless indoor/outdoor living space w/fire pit ADDITIONAL QUALITY TOUCHES: Three-bay garage with cabinets, epoxy flooring, additional storage closets, and a GE Monogram refrigerator/freezer. Laundry/utility room has access from the hallway into the primary closet and features an Electrolux washer/dryer, Granite counters, tons of cabinetry, hanging space, and a media screen Central vacuum Motorized external sunshades

8563 E Tumbleweed Drive Scottsdale, AZ 85266

$2,700,000 - 3Br/4Ba -  for Sale in Sierra Boulders, Scottsdale
Open House
$2,700,000
3 Beds
3.5 Baths
4,116 SqFt
Status Active
MLS # 6760560
Property Type Single Family Residence
Price Type --
Immaculately stunning Rosewood home in gated Sierra Boulders of North Scottsdale, atop an acre of pristine land nestled within the natural desert surround. This premium homesite is located at the end of the community offering immense privacy while accentuating the homes open and bright design, soaring ceilings, hardwood floors, custom window treatments, impressive gourmet kitchen with opulent granite island coupled with a dine-in tabletop, custom wood cabinetry, craftsman range hood, stainless steel appliances and gas range. The open & elegant formal dining room lends an essential touch to family gatherings, daily living and planned events. A 20' pocketed-sliding-glass-door frames the majestic desert-by-design backyard inviting you to experience the warm sunrises, mountain views, sparkling heated pool & spa, water feature, modern-fire-flame, built-in BBQ, ramada and expansive covered patio. The spa-like primary suite offers a large oversized walk-in shower, soaker tub, his and her custom-closets, dual vanity, makeup vanity, separate water closet and an abundance of beautiful natural daylight. Adjacent you'll find a relaxing and well organized library/den with custom Stone Creek built-in cabinetry, tray ceiling with crown molding and retractable sliding glass wall allowing for a serene and pleasant retreat. Just down the hall you'll find two large ensuite bedrooms with walk-in closets. The powder room is appropriately located off the foyer near the storage and coat closet. The walk-in pantry offers a well organized space with plenty of visible shelving for storing and accessing necessities. You're sure to appreciate the spacious laundry room with custom cabinetry, wash basin and ample storage. The temperature controlled, oversized 3 car garage abuts the expansive paver driveway with additional parking and turn around area. This luxury residence is conveniently located near the Boulders Golf Resort and Spa. The Carefree Town Center is just minutes away, making it an appealing option for those seeking a special property with resort-like amenities, excellent dining and shopping nearby.

8225 W Frier Drive Glendale, AZ 85303

$2,700,000 - 6Br/7Ba -  for Sale in Auburne, Glendale
Open House
$2,700,000
6 Beds
6.5 Baths
5,147 SqFt
Status Active
MLS # 6774208
Property Type Single Family Residence
Price Type --
TWO HOUSES on ONE ACRE in a GATED COMMUNITY with a NEW HEATED POOL! Main house built in 2013 is 4,047 SF with 4 bedrooms and a den/office. All bedrooms are ensuite with dedicated bathrooms. Great Room features pocket doors opening to the enormous backyard for indoor/outdoor living. Expansive kitchen has granite counters, large walk-in pantry, stainless appliances, gas cooking, breakfast bar island & lots of room for seating. 4 car epoxy garage! Guest house built in 2023 is 1,100 SF with 2 bedrooms & 2 bathrooms. Separate from the main house with its own entrance & 2 car garage with charger. Contemporary kitchen & bathrooms. Perfect for a multi-generational family or lucky guests! Heated pool & spa built in 2023 with waterfalls, stools & fire pit. Irrigated lot. Tons of parking. Terrific!

11717 E Estrella Avenue Scottsdale, AZ 85259

$2,699,000 - 5Br/5Ba -  for Sale in Arabian Park Manor 1, Scottsdale
New
$2,699,000
5 Beds
4.5 Baths
4,910 SqFt
Status Active
MLS # 6772481
Property Type Single Family Residence
Price Type --
Top Scottsdale Location! Absolutely gorgeous 6-bedroom 5.5-bathroom home. With an almost 5000 square feet with a separate 850 sf Guest house with its own entrance and garage, this is the one that checks all the boxes for family living at its finest. Garage parking for 7 Cars Kitchen equipped with 6 gas burner stoves, double ovens, and double door Sub Zero fridge. With 3 master suites. The home is situated on an acre lot with a massive yard equipped with seating, dining, pool, spa and entertaining. All the best schools, access to entertainment, Freeway 101 No HOA, so perfect for a turnkey rental (Short or long term).

3905 Doc Raymond -- Flagstaff, AZ 86005

$2,699,000
4 Beds
3.5 Baths
4,063 SqFt
Status Active
MLS # 6626676
Property Type Single Family Residence
Price Type --
Spectacular True Log Home in one of the most serene areas of Forest Highlands. Masterfully designed with impressive log beams and tons of windows and natural light. Be welcomed to this amazing log cabin by the large covered front patio and Porte Cochere. As you walk in the front door, you will be mesmerized at every angle by the quality construction and impressive log beams, stone fireplace and open great room. With 2 master suites and a total of 4 bedrooms, plus a loft, there is plenty of room for both large or intimate gatherings. Enjoy the cool nights on the expansive covered back deck. The garage is oversized and has a large storage area and workshop space. This home is impressive and you owe it to yourself to see it. Tucked away amidst 1,100 acres of pristine alpine beauty, Forest Highlands exudes an unparalleled sense of exclusivity and serenity. With two championship golf courses designed by Tom Weiskopf and Jay Morrish, Forest Highlands sets the stage for unforgettable golf experiences. The community offers an array of exceptional amenities, including two clubhouses, multiple dining options, tennis courts, swimming pools, and miles of hiking and biking trails. Forest Highlands is a retreat where luxury meets nature, ensuring a harmonious lifestyle for its residents.

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