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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7750 E Hermosa Vista Drive Mesa, AZ 85207

$539,900
3 Beds
2 Baths
1,690 SqFt
Status Active
MLS # 6782123
Property Type Single Family Residence
Price Type --
Welcome to this beautifully remodeled home on a county island in Mesa! The home features designer touches throughout including custom cabinets & vanities, Bedrosian tile & flooring, & much more. The roof is only 2 years old, AC is less than 5 years old, brand new windows, & the septic tank was recently serviced & in great condition. The home sits on almost half an acre corner lot, with block walls for extra privacy! Low Maintenace landscape in the front & backyard

16495 W Almeria Road Goodyear, AZ 85395

$539,900
2 Beds
2 Baths
1,967 SqFt
Status Active
MLS # 6782233
Property Type Single Family Residence
Price Type --
BETTER THAN NEW...NOTHING TO DO JUST MOVE IN...PRICED JUST RIGHT! Calabria Model with 2 BED/2 BATH plus Den with Built-In Murphy Bed! Newly Painted Interior in Neutral Tones Waiting For You. Both Inside & Out in Meticulous Condition. Owned Solar with Rock Bottom Electric Bills...All Upgraded Anderson Windows in 2014...Detached Golf Cart Garage Built in 2014 with Extra Insulation to Easily be used as an Art Studio, Gym, or Bunk House when the Grand Kids Come to Visit. Beautiful Desert Look Landscape with just the Right Splashes of Color. Oversized & Raised Ramada in the Backyard Great for your Outdoor Table or Adding a Hot Tub. This House has Everything you could ever asked for...DO NOT MISS IT....

5116 N Granite Reef Road Scottsdale, AZ 85250

$539,900
4 Beds
2.5 Baths
1,752 SqFt
Status Active
MLS # 6784059
Property Type Townhouse
Price Type --
Fully remodeled 4 Bed, 2.5 Bath townhome in Chateau De Vie! Not a single detail spared in this remodel including Oak cabinets, hand scraped hardwood floors, red oak stairs, champagne brass fixtures, solid core doors, new dual pane windows, flush mount lighting in every room, Capiz shell chandelier, and so much more. All appliances are included. Separate lockable storage and large landscaped enclosed patio. This unit is one of the best we've seen. STR is allowed. You need to see it in person today!

10536 E Baltimore Street Apache Junction, AZ 85120

$539,900
4 Beds
2.5 Baths
1,857 SqFt
Status Active
MLS # 6787848
Property Type Single Family Residence
Price Type --
Move in Ready New Build! NO HOA! 2 RV Gates! Single Story 4 Bed 2.5 Bath on an Oversized .25 Acre Corner Lot! Brand New Dream Home with Everything you can ask for! Open floor plan with glazing in all the right areas to allow natural light throughout along with modern kitchen cabinets, walk-in pantry, steel appliances, fixtures and finishings throughout this high ceiling spaciously designed beautiful home. The Backyard is open to your Imagination with no HOA and an RV Gate on Both Sides of the Property you can store all of your toys, boats, RV's and a large enough lot to have room to spare. Ideally located close to freeways, shopping, dining, and within proximity to Usury Mountain, Saguaro Lake, Salt River, trails and other desired areas. Won't last long at this price before it's gone

17856 W Summerhaven Drive Goodyear, AZ 85338

$539,900
4 Beds
3 Baths
2,793 SqFt
Status Active Under Contract
MLS # 6773635
Property Type Single Family Residence
Price Type --
Step into the vibrant lifestyle offered by this stunning two-story home in the highly sought-after Estrella community of Goodyear. This 4-bedroom, 3-bath home has been freshly painted, new carpeting, natural stone flooring throughout, offering a welcoming atmosphere that's ready for you to move in. The spacious layout includes 1 bedroom and a full bath downstairs, along with a unique bonus room that could easily serve as a fifth bedroom, allowing for two bedrooms and a full bath on the main floor—ideal for guests, multigenerational living, or use as a game room/den/office—flexible spaces to fit any lifestyle! North/south exposure enhances energy efficiency to keep you cool during hot Arizona summers, while a soft water loop in the garage adds convenience. The kitchen is a chef's dream, featuring an expansive island, sleek granite countertops, a stainless steel refrigerator, and a gas cooktop, all designed to inspire culinary creativity. With a walk-in pantry, ample counter space including a buffet/prep area, and abundant storage with upper and lower cabinets, this space makes both everyday cooking and entertaining seamless. Enjoy casual meals in the bright eat-in breakfast nook, or host formal gatherings in the adjacent dining room. Upstairs, the owner's suite is a true retreat, complete with an en-suite bathroom, a soaking tub, a spacious separate shower, and a large walk-in closet with natural light. Three bedrooms and a loft offer private spaces for family or guests. Laundry upstairs.(Outside, discover your private oasis designed for relaxation and entertainment. The oversized backyard features a heated pool, hot tub, and a private putting green, making it perfect for both fun and unwinding. Relax under the covered patio with a ceiling fan or fire up your dream outdoor kitchen, with a gas stub ready for a custom barbecue island. Conveniently located within walking distance of a top-rated elementary school and equipped with two brand-new A/C units (2024), this home is set for year-round enjoyment. Nestled against the scenic Sierra Estrella Mountains, the Estrella community offers resort-style living with amenities designed to enrich every aspect of life. Residents enjoy exclusive access to two Resident Clubs, each equipped with a full gym, library, restaurants, teen center, yoga and dance studios, and even a community garden. Embrace lake living with options for boating, relax at the waterpark and community pools, or perfect your game at the Jack Nicklaus-designed Golf Club of Estrella.This vibrant community also hosts unforgettable events, including Ballet Under the Stars, music festivals, an annual 4th of July fireworks show, and a lively farmers market. Nearby, explore the Goodyear Recreation Campus, catch a spring training game at Goodyear Ballpark, or let your dog enjoy the nearby off-leash dog park.With miles of trails, parks, top-rated schools, and convenient shopping and dining, Estrella's setting is as beautiful as it is functional. Begin each day with breathtaking mountain views and end it with a wealth of activities just steps from your door. Tour this home today and experience all the comforts and lifestyle perks this exceptional community has to offer!

7109 E Veracruz Way Gold Canyon, AZ 85118

$539,900
3 Beds
2 Baths
1,862 SqFt
Status Active Under Contract
MLS # 6780019
Property Type Single Family Residence
Price Type --
Premium .22 Acre lot w/no neighbors to north or east offers PRIVACY and views in Superstition Foothills. This single level offers 3 bedrooms plus den, 2 baths, 3 car garage and private resort backyard. Stunning remodel creates a true open great room w/wood plank flooring & vaulted ceiling. Huge standalone island boasts beautiful granite, custom cabinetry & pendant lighting. Custom dining area features gorgeous lighted cabinetry, glass backsplash, wine cooler & prep sink. Plantation shutters T/O. Spacious primary bedroom offers vaulted ceiling, sitting area, large bath, and huge walk-in closet. Guest bedroom wing provides privacy for guests & family featuring 2 bedrooms & large bath w/upgraded shower. Professionally landscaped private oversized resort backyard sports sparking pool w/water feature, 2 curbed turf areas w/putting green, covered patio, views and double gate access. HOA only $63/mo, close to 5 Gold Canyon golf courses, world class hiking in the Superstition Mountains, restaurants, shopping & 35 min to Phx Sky Harbor.

16820 E La Montana Drive Unit 103 Fountain Hills, AZ 85268

$539,900
4 Beds
2.5 Baths
2,219 SqFt
Status Active Under Contract
MLS # 6781703
Property Type Townhouse
Price Type --
Former model home with lots of upgrades in this highly desired community close to shopping, downtown Fountain Hills, and the world famous Fountain Park. Enjoy the gourmet kitchen, spacious family room with soaring ceilings and plantation shutters. Upscale furniture and all furnishings available under separate bill of sale for a move-in ready experience. First floor primary suite is ideal. Pride of ownership throughout; even the 2-car garage is pristine. Quiet, walkable community; complex boasts a lap pool, hot tub and ramada.

25170 N 134th Lane Peoria, AZ 85383

$539,900
5 Beds
2.5 Baths
2,538 SqFt
Status Active
MLS # 6725003
Property Type Single Family Residence
Price Type --
Amazing opportunity for paid off solar! What a beautiful energy-efficient home in Rancho Cabrillo! A 2-car garage, RV gate, stone accents, and a welcoming front porch are worth mentioning. Inside, you'll love the inviting open floor plan graced with bountiful natural light. Upgraded kitchen boasts gleaming stainless steel appliances, recessed lighting, staggered cabinets with crown moulding, a walk-in pantry, quartz counters, and a waterfall prep island with a breakfast bar. Venture to the primary retreat equipped with plush carpet, an ensuite with dual sinks, and a walk-in closet. Cozy loft can be used as a reading nook! Secondary bedrooms are upstairs. Oversized backyard with a covered patio is a blank canvas waiting for your creative landscape ideas.

62 W Melody Drive Gilbert, AZ 85233

$539,900
4 Beds
2.5 Baths
2,020 SqFt
Status Active
MLS # 6724921
Property Type Single Family Residence
Price Type --
Perfect LOCATION. Within 2 miles you'll find Sam's, Fry's, Trader Joe's, Sprouts, Walmart, restaurants, and access to Hwy 60. 3' of insulation in attic gives an average electric bill of $165/mo. Nearly everything in this home is new/newer--$40,000 kitchen with soft-close doors/drawers, pull-out shelves, slab granite, baths updated, high-quality tile/carpet, $10,000 banister to 2nd floor, new lighting, faucets, water heater, exterior paint 2019, roof restacked 2015 w/ 30-yr underlayment, AC 2013, cul-de-sac, professionally installed turf in back yard, ultra-quiet garage door opener, garage ceiling rack storage system, newer sunscreens, extended patio. No homes directly behind. HOA super low at only $95/qtr. Great, very quiet neighborhood with friendly neighbors.

14424 N 41st Court Phoenix, AZ 85032

$539,900
3 Beds
2 Baths
1,400 SqFt
Status Active
MLS # 6725145
Property Type Single Family Residence
Price Type --
Fully renovated & ready to move in property on a premium corner lot at Paradise Valley Oasis! This amazing home offers a large front yard with a no-fuss desert design and a 2-car garage. Discover an open concept with spacious living areas that merge seamlessly, promoting a greater traffic flow. This immaculate interior boasts new features throughout; recessed lighting, ceiling fans, soft paint, wood-look tile flooring, energy efficient windows, and contemporary LED fixtures. The brand-new kitchen showcases sophisticated white cabinetry, sleek quartz counters, new SS appliances, and an island with breakfast seating. The primary suite has a closet and an impeccable bathroom with a new sink vanity & a floor-to-ceiling tiled shower. Secondary bedrooms have closets w/ modern barn-style doors. In the massive backyard, you'll find endless potential to get creative & make it your own. Unbeatable location! Near schools, markets, restaurants, parks, shopping, and easy access to Fwys. What is not to like? Make an offer today!

16916 E Alamosa Avenue Fountain Hills, AZ 85268

$539,900
3 Beds
2 Baths
1,548 SqFt
Status Active
MLS # 6748638
Property Type Single Family Residence
Price Type --
Charming single level house in quiet neighborhood. No HOA, spacious lot. Vaulted ceilings, newer vinyl windows throughout, updated baths, large indoor laundry with utility sink. All tile floors, no carpet! Desert landscaping front and back. Close to schools, shopping and parks.

11543 E Quade Avenue Mesa, AZ 85212

$539,900
4 Beds
2.5 Baths
2,385 SqFt
Status Active
MLS # 6748907
Property Type Single Family Residence
Price Type --
Beautiful home with OVERSIZED lot! Mountain VIEWS! Expansive backyard features an extended patio, fenced pebble-tec, pool w/waterfall feature, plenty of grass, additional concrete slab SPORT COURT*French doors open to a den*LARGE loft*New carpet and new paint throughout*Kitchen is a chef's delight, featuring granite counters, SS appliances, a walk-in pantry, and a breakfast bar*Spacious master bedroom, dual sinks, separate tub/shower, and two HUGE walk-in closets*The garage includes attached cabinets for extra storage*North/South exposure*Located close to schools, shopping, restaurants, golf, airport, parks, AZ Athletic Grounds, ASU Polytechnic Campus, and easy access to Highway 202, 60, 24 freeways!

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