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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1805 E Rocky Slope Drive Phoenix, AZ 85048

$2,495,000
4 Beds
4 Baths
4,628 SqFt
Status Active
MLS # 6765462
Property Type Single Family Residence
Price Type --
Welcome to 1805 E Rocky Slope Dr, a stunning single-family home nestled in the highly desirable and gated community of Tapestry Canyon in Ahwatukee. This spacious 4-bedroom, 4-bathroom home boasts over 4,600 square feet of living space and is located on a quiet, scenic street with some of the best views in all of Phoenix. As you step inside, you'll be greeted by a bright and airy floor plan with soaring 18 foot ceilings, large windows, and modern finishes throughout. The gourmet kitchen features granite countertops, stainless steel appliances, and a center island perfect for entertaining. The adjacent living and dining areas offer plenty of room for family gatherings, while the cozy fireplace adds warmth and charm. The luxurious master suite is a private retreat, complete with a spa- like ensuite bathroom featuring dual sinks, a soaking tub, and a walk-in shower. The additional bedrooms are generously sized with ample closet space and privacy. Your private elevator makes accessing the home a breeze. Outside, enjoy Arizona's beautiful weather in your private backyard oasis. With several patios facing every direction, you will have breathtaking views from sunrise to sunset. The sparkling pool will allow you to cool off after a hike at one of the local trails. The home's proximity to South Mountain Park means you'll have access to hiking trails, parks, and outdoor activities right at your doorstep. A large 3-car garage, 2 living rooms, a butler's pantry and close proximity to top-rated schools, shopping, and dining. This home combines luxury, comfort, and convenience, making it a must-see for anyone looking to live in the heart of Phoenix's vibrant Ahwatukee Foothills community.

14114 E Milton Court Scottsdale, AZ 85262

$2,495,000
3 Beds
4.5 Baths
4,358 SqFt
Status Active
MLS # 6754019
Property Type Single Family Residence
Price Type --
Stunning architect designed, Spanish Hacienda style home set on 2.3 acres in the highly desirable community of Granite Mountain Ranch has been transformed by the current owners and is immaculate in every sense of the word. The charming courtyard entry set's the stage there's something special ahead. As you enter the home the gorgeous architectural details impress. Custom wood beams, refinished antique doors and new brown Saltillo tile floors are just the start. Ideal for intimate gatherings yet also perfect for accommodating large groups the home has a great feel to it. Highlights include: Soaring ceilings within the great room, chef's kitchen, dining room, formal living room, incredible primary suite and a wonderful separate guest casita ideal for company and more.

9005 N Crimson Canyon Fountain Hills, AZ 85268

$2,495,000
5 Beds
4.5 Baths
4,227 SqFt
Status Active
MLS # 6773765
Property Type Single Family Residence
Price Type --
This stunning property in Eagle Mountain offers breathtaking sunset and mountain views, creating a serene oasis. Secured by a private gated entry, this home is spread over 4,227 square feet with 5 bedrooms and 4.5 bathrooms and features a 3-car garage. Inside, vaulted ceilings with exposed beams, stone and wood flooring, and archways add to the elegant design. The pre-wired surround sound fills the home with music, enhancing the ambiance. The spacious great room with a fireplace serves as the heart of the home, while the formal dining room opens to the backyard for seamless entertaining. The gourmet kitchen boasts stainless steel appliances, double ovens, granite countertops, a stone backsplash, and a large pantry. A breakfast nook and island with bar seating complete the space. The primary bedroom is a private retreat with a sitting room, ensuite bathroom featuring dual vanities, a soaking tub, and a large walk-in closet. Additional bedrooms offer comfort for guests, while a den serves as an ideal office or study. Outside, the backyard is an entertainer's dream with a covered patio, built-in BBQ, spa, and sparkling pool with water features. Multiple seating areas, a putting green, and a roof top deck with stunning views ensure perfect outdoor relaxation. This home beautifully blends luxury and comfort, making it ideal for entertaining or peaceful living.

12690 E Appaloosa Place Scottsdale, AZ 85259

$2,495,000
5 Beds
4.5 Baths
4,677 SqFt
Status Active Under Contract
MLS # 6740857
Property Type Single Family Residence
Price Type --
Stunning 5-bedroom, 4-bath home located in the prestigious Los Diamantes gated community. Just minutes from Scottsdale shopping, Mayo Clinic, and within walking distance to BASIS Scottsdale, a nationally top-ranked middle and high school. Enjoy breathtaking views of the McDowell Mountains from this cul-de-sac home, which offers great privacy and NOAS space on both sides. Situated on a large lot, the property boasts a newly landscaped front and backyard with low-maintenance turf, new pavers, a pool, spa, and a travertine deck. The spacious, walled, north-facing backyard features shaded sitting areas and a cooling misting system, making it perfect for year-round enjoyment. The exterior of the home has been newly painted with Rhino Shield, ensuring long-lasting durability. Inside, the home features a large primary bedroom with a fireplace and a private sitting area, travertine floors, central vacuum, water softener, reverse osmosis, and a chlorine filter. Additionally, it has newer tankless hot water heaters for instant and endless hot water, newer HVAC systems, and ductless AC in the garage. The property also includes brand new OWNED solar panels, significantly reducing energy costs. The gated community offers a children's playground and a tennis court. Go to our website for more information.

9972 E Mission Lane Scottsdale, AZ 85258

$2,495,000
5 Beds
4.5 Baths
4,400 SqFt
Status Active
MLS # 6762342
Property Type Single Family Residence
Price Type --
WOW! The long wait is over! Nestled on a massive cul-de-sac lot in the coveted Scottsdale Ranch, this 5-bedroom gem is the epitome of luxury living. From the moment you arrive, the residence impresses with a 3-car side garage, RV gate, circular driveway, and striking stone accents. Step inside to a mesmerizing interior that features wood-look floors, vaulted ceilings with exposed beams, pre-wired surround sound, and a formal dining area perfect for hosting gatherings. The spacious great room exudes warmth with a cozy fireplace, while the sleek kitchen shines with stainless steel appliances, wall ovens, custom cabinetry, a walk-in pantry, and an oversized island with a breakfast bar... The main bedroom is a true retreat, complete with a two-way fireplace that connects to the cozy sitting room. The spa-like ensuite offers backyard access, dual sinks, a soaking tub, a large shower, and an expansive walk-in closet. The additional bedrooms are generously sized, and a versatile den is perfect for a media room or extra living space. Outdoors, enjoy the serene private courtyard, or relax in the tastefully divided backyard featuring a covered patio, built-in BBQ, outdoor fireplace, lush lawn, and a sparkling pool. This exquisite residence truly has it all! Come and experience the charm for yourself!

9041 N 46th Street Phoenix, AZ 85028

$2,495,000 - 4Br/4Ba -  for Sale in Tatum Foothills Lot 1-49 Tr A-q, Phoenix
Open House
$2,495,000
4 Beds
4 Baths
4,051 SqFt
Status Active
MLS # 6762683
Property Type Single Family Residence
Price Type --
This custom built modern luxury home sits in the prestigious gated community of Tatum Foothills. Set on a private interior lot this residence exudes sophistication and impeccable design. As you step inside, you'll be captivated by the breathtaking great room which features floor-to-ceiling windows that showcase the beautifully landscaped backyard, creating both indoor and outdoor living. At the heart of the room stands a striking fireplace, framed by an east-facing wall of glass that floods the space with natural light. This home features four bedrooms and 3.5 bathrooms all spread over 4,051 square feet- with plenty of space throughout. The primary bedroom includes a fireplace, space for a sitting area, a remodeled master bathroom and two walk-in closets. Every detail of this home has been carefully considered, from the fully updated bathrooms to the modernized kitchen. Outside, the backyard creates the perfect setting for relaxation or entertaining, framed by the stunning natural beauty of Arizona which includes a large pool with spa, outdoor BBQ area, plenty of grass space and more! Additionally, the site plan reveals ample space to add an additional two-car garage, a private casita, and expanding the entire footprint if desired. Beyond the home's luxurious interiors, Tatum Foothills grants access to top-rated schoolsCherokee, Cocopah, and Chaparraloffering an exceptional education from preschool through high school. Residents enjoy convenient access to the area's finest shopping, dining, and recreational options, including hiking and biking trails. Plus, with Phoenix Sky Harbor and Scottsdale airports just a short drive away, as well as the vibrant cultural hub of Scottsdale, this home offers the perfect balance of luxury and convenience.

6530 N 29th Street Phoenix, AZ 85016

$2,495,000 - 5Br/5Ba -  for Sale in Biltmore Hillside Villas 2, Phoenix
Open House
$2,495,000
5 Beds
4.5 Baths
4,324 SqFt
Status Active
MLS # 6746151
Property Type Single Family Residence
Price Type --
Meticulously remodeled in Biltmore Hillside Villas! 24-Hr Guard-Gated Community! Enjoy 28-foot ceilings, natural light, light oak hardwood flooring and motorized solar shades throughout. Wolf appliances and quartz countertops. Junior Suite/Office on first level with en-suite bathroom. Spacious Primary Suite on the second floor with dual closets and MOUNTAIN VIEWS from the spa-inspired bathroom and private patio. Three additional bedrooms upstairs. Low maintenance backyard with one of the largest swimming pools in the neighborhood. 3 car garage, downstairs laundry and lots of storage space. Enjoy tennis courts, hiking trails and proximity to golf, dining and shopping!

6431 E El Sendero Road Carefree, AZ 85377

$2,495,000 - 3Br/4Ba -  for Sale in Carefree Grandview Estates, Carefree
Open House
$2,495,000
3 Beds
3.5 Baths
3,844 SqFt
Status Active
MLS # 6684230
Property Type Single Family Residence
Price Type --
Welcome to gated Carefree Grandview Estates-a premier address in Carefree. Exceptional custom home, nestled on 2.5 acres on Black Mountain. Sweeping views and City lights. Dramatic paver driveway & motor court, leads to distinctive residence, private guest house & Unique 9 car garage/workshop. All one level residence. Welcoming courtyard and artistic entry doors open to expansive great room with fireplace and stunning wood beam ceilings which repeat throughout home. Large wrap around patio, accessed from many rooms & provides perfect setting for entertaining & relaxing in the tranquil surroundings. Alluring, secluded primary wing with fireplace & patio. Sunny east kitchen & breakfast room open to outdoors. Private office-abundant storage. Truly Remarkable Home-See Remarks for updates. enchanting views of city lights & gorgeous desert terrain. Private, refined, & tranquil, this is the epitome of Carefree living.

3832 E Monterosa Street Phoenix, AZ 85018

$2,495,000 - 4Br/5Ba -  for Sale in Rancho Del Monte Unit 2, Phoenix
Open House
$2,495,000
4 Beds
4.5 Baths
3,195 SqFt
Status Active
MLS # 6695513
Property Type Single Family Residence
Price Type --
Step into the paragon of luxury living at Alta - Aussie Modern, a pristine new development meticulously crafted to embody the finest elements of Australian modern architecture. Designed with a relentless focus on quality construction, this one-of-a-kind residence redefines modern sophistication, catering to discerning homeowners who demand the best in design and functionality. As you enter this breathtaking property, you are greeted by an expansive use of glass that not only enhances the structure's modern appeal but also floods the space with an abundance of natural light at every turn. The thoughtful layout ensures that each living space offers seamless transitions, harmoniously connecting the indoors with the spectacular outdoor setting. Alta - Aussie Modern is engineered for the modern family, integrating cutting-edge smart home capabilities that offer unparalleled convenience and security. The custom interior design speaks volumes of its exclusivity, featuring bespoke finishes and luxurious touches that create an inviting atmosphere of elegance and comfort. This home is not just a dwelling; it is a lifestyle choice for those who value design-forward living and functionality. Experience the future of home innovation at Alta - Aussie Modern, where every detail is a testament to elite craftsmanship and contemporary luxury. Welcome to your dream home in the heart of Arcadia, Arizona.

6147 E Alta Hacienda Drive Scottsdale, AZ 85251

$2,489,000
3 Beds
3.5 Baths
2,491 SqFt
Status Active
MLS # 6703124
Property Type Single Family Residence
Price Type --
THIS CONTEMPORARY HOME BUILT IN 2022 HAS IT ALL, STARTING WITH GREAT CURB APPEAL AND LOCATED IN THE LUXURY GATED SIGNATURE AT THE PHOENICIAN COMMUNITY WHICH IS CENTRALLY LOCATED IN THE CAMELBACK CORRIDOR AT THE SOUTHERN BASE OF CAMELBACK MOUNTAIN. ENTER THROUGH THE FOYER AND INTO THE SPACIOUS GREAT ROOM FLOOR PLAN THAT FEATURES AN OVERSIZED RETRACTABLE SLIDING GLASS DOOR LEADING TO THE COVERED PATIO AND BRINGING THE OUTSIDE IN, PROVIDING TONS OF NATURAL LIGHT INTO THE SPACE. THE CONTEMPORARY CHEF'S KITCHEN WITH A SLEEK AND MODERN DESIGN OPENS TO THE GREAT ROOM AND BOASTS DUAL TONE CABINETRY, QUARTZ COUNTERTOPS, DESIGNER TILE BACKSPLASH, STAINLESS STEEL APPLIANCES, DUAL OVENS, A GAS RANGE, AND A CABINET FACE REFRIGERATOR THAT PROVIDES A SEAMLESS, CLEAN LOOK. THE OVERSIZED WATERFALL CENTER ISLAND OFFERS PLENTY OF EAT-UP BAR SEATING, PERFECT FOR ENTERTAINING FRIENDS AND FAMILY. INDULGE IN THE OPULENCE OF LUXURIOUS WOOD AND TILE FLOORING GRACING EVERY CORNER, ENSURING EFFORTLESS MAINTENANCE. REVEL IN THE GRANDEUR OF HIGH CEILINGS AND THE SUBTLE ALLURE OF RECESSED LIGHTING THAT GRACEFULLY ILLUMINATES THE SPACE. THE MASTER SUITE FEATURES A SLIDING GLASS DOOR TO THE BACKYARD. THE SPA-LIKE MASTER BATH BOASTS DUAL FLOATING VANITIES, A SPACIOUS GLASS ENCLOSED WALK-IN SHOWER WITH A BENCH AND A LUXURIOUS DESIGNER SOAKING TUB, PERFECT FOR RELAXING AND UNWINDING. ADDITIONAL BEDROOMS ALL FEATURE WOOD FLOORING. THE SPACIOUS LAUNDRY ROOM OFFERS A FRONT-LOADING WASHER AND DRYER, AS WELL AS PLENTY OF BUILT-IN CABINETRY FOR AMPLE STORAGE ALONG WITH A CONVENIENT UTILITY SINK. OUTSIDE YOU'LL FIND A COVERED PATIO ADORNED WITH EXTENDED PAVERS, CREATING A FLAWLESS SPACE FOR AL FRESCO DINING AND RELAXATION. EASY CARE SYNTHETIC GRASS TIES INTO THE SPACE, CRAFTING A SERENE SETTING FOR YOUR ENJOYMENT. LOCATED JUST MINUTES AWAY FROM WORLD-CLASS SHOPPING, DINING AND RECREATION. COMMUNITY AMENITIES INCLUDE A PRIVATE POOL, WELL-APPOINTED FITNESS CENTER AND STYLISH OUTDOOR GATHERING SPACES.

9370 E Wethersfield Road Scottsdale, AZ 85260

$2,489,000
3 Beds
3.5 Baths
3,343 SqFt
Status Active
MLS # 6757519
Property Type Single Family Residence
Price Type --
Newly built estate home situated in an exclusive gated community in the Cactus Corridor is available now! Located in the middle of North Scottsdale, minutes from the 101 Hwy with endless entertainment, dining, and shopping - this modern home is in the perfect location and has all the trimmings. Wolf appliances throughout a spacious kitchen, an oversized island with waterfall edge, stacked cabinets with soft-closing drawers, two dishwashers, multiple ovens, a 48'' Miele refrigerator with a full wet bar and a beautiful fireplace that's perfect for entertaining. Home also comes equipped with reverse accent ceilings, LED lighting throughout, upgraded baseboards, and elegant French-doors leading to office area. The open master bedroom with accent wall and luxury bathroom with stand-alone tub and a walk-in shower and closet is a must see. Grand open corner sliding glass doors leading to your soon-to-be backyard oasis. Great insulation with top-of-the-line air purifiers that's built-in throughout entire house. Both garages are fully insulated with dedicated split AC units and stunning epoxy floors that you'll love. Other features include motorized blinds, water softener system, tankless water heater and security cameras safely covering all angles of home. Too many other features to list - act now so you don't miss this one!

10905 E Oberlin Way Scottsdale, AZ 85262

$2,479,000
3 Beds
3.5 Baths
2,835 SqFt
Status Active
MLS # 6655766
Property Type Single Family Residence
Price Type --
Serene is brand new gated enclave of 21 cutting edge single level contemporary homes designed by Swayback Architects & Planners and built by Sonora West Development. Each Serene home brings a new definition to the ''Lock and Leave'' lifestyle with open Great Room floor plans perfect for both entertaining and everyday living. There are four different models to choose from with lavish interior finishes created by renown interior designers Est Est. This Model C has a 2 car garage and alternate dining available only on lots 12 & 13. Price shown includes lot premiums and 25K pool and a 25k landscape allowance, Sub-Zero & Wolf Appliances & BBQ. Backing to the North side of Pinnacle Peak Mountain in N Scottsdale Serene..

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