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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510 N Pepperwood Court Chandler, AZ 85226

$539,900
4 Beds
2 Baths
1,847 SqFt
Status Active
MLS # 6772607
Property Type Single Family Residence
Price Type --
This stunning property offers an exceptional living experience in a desirable neighborhood. The open kitchen features a stylish design and layout, complete with new cabinets and elegant countertops that make cooking and entertaining a pleasure. The split floor plan ensures privacy, showcasing a spacious master bedroom with an inviting master bath. RV gate with oversized lot provides a generous backyard, perfect for gatherings, outdoor activities, or simply enjoying the serene surroundings. This home truly blends comfort and functionality. Don't miss the chance to make it yours!

10530 E Baltimore Street Apache Junction, AZ 85120

$539,900
4 Beds
2.5 Baths
1,857 SqFt
Status Active
MLS # 6778991
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

1027 S Nancy Lane Gilbert, AZ 85296

$539,900
3 Beds
3 Baths
2,292 SqFt
Status Active
MLS # 6781531
Property Type Single Family Residence
Price Type --
MODEL PERFECT HOME FEATURES OPTIONAL 4TH BEDROOM AND FULL BATHROOM DOWNSTAIRS! This FULTON HOME is The Best Floorplan in the Neighborhood and features 9-Foot Ceilings on 1st & 2nd Floor with 8-Foot Tall Doors Throughout. There are Amazing Features & Upgrades Throughout! The Spacious Open Floorplan is Perfect for Family & Entertaining! The Gourmet Kitchen includes Gas Range, 48-inch Tall Timberlake Espresso Cabinets, Granite Countertops, Huge Kitchen Island, All Premium Appliances, and Huge Walk-in Pantry! Large Family Room features 4-Panel Sliding Door that look out to Big Backyard w/Professionally Designed Landscaping and Built-in Stainless Steel BBQ. Upstairs features a Huge Loft that can be 2nd Family Room. You are absolutely going to Love the Features & Upgrades of this Luxury Home!

4405 E Chaparosa Way Cave Creek, AZ 85331

$539,900
3 Beds
2 Baths
1,395 SqFt
Status Active
MLS # 6784588
Property Type Single Family Residence
Price Type --
Welcome to this gorgeous 3-bed, 2-bath home, that has been recently updated, including a NEW ROOF! As you step inside, you'll be greeted by freshly painted interiors, that nicely accents the new wood-look tile flooring flows seamlessly throughout the main living areas. The kitchen features brand-new wood shaker cabinets, sleek quartz countertops, a stylish mosaic backsplash & new stainless steel appliances. All three bedrooms boast new carpeting, offering a cozy retreat. The primary suite is a true highlight, showcasing an ensuite bathroom w/ a dual sink vanity topped with quartz & a walk-in tile shower. Step outside to discover a serene backyard oasis, the covered patio invites you to relax in the shade, w/ low-maintenance desert landscape w/ minimal upkeep.

14344 W Morning Star Trail Surprise, AZ 85374

$539,900
3 Beds
3 Baths
2,409 SqFt
Status Active Under Contract
MLS # 6732251
Property Type Single Family Residence
Price Type --
Come and see this freshly remodeled 2 Bed / 2 Bath / 2 Car Garage with a 1/1 casita in the beautiful community of Sun Village. Through the front doors you are welcomed by soaring vaulted ceilings, brand new paint and new luxury vinyl floors. The open floor plan leads you into your brand new kitchen. Perfect for cooking and entertaining the kitchen boasts brand new white shaker cabinets, gorgeous quartz countertops with matching backsplash, brand new stainless appliances and a large sit up island. New light fixtures and door hardware throughout the home give it a modern feel. Plantation shutters throughout the home. Master suite is stunning with its brand new tiled shower, soaking tub, dual vanity sink with separate sit up vanity area and large walk in closet. Guest bath is also new with a beautiful white subway tiled shower and new vanity. Plantation shutters throughout the home. Brand new 5 ton A/C unit and a BRAND NEW ROOF!! Outback there is a huge patio perfect for entertaining. Mature low maintenance landscaping. Don't miss out on this gem. Come and see it today!!

6132 W Oraibi Drive Glendale, AZ 85308

$539,900
4 Beds
2 Baths
1,758 SqFt
Status Active Under Contract
MLS # 6755449
Property Type Single Family Residence
Price Type --
You are going to really like this 4 bed, 2 bath, pool home..Entertainment is here; hardscape front patio sitting area to the large backyard with pool and gathering areas..cookin with gas in the freshly painted kitchen, full R-60 insulation efficiency...this option is special and very well maintained..it is a must see, we've only got the one. Located right in the center of everything but tucked away in the highly desirable Highland Point community; near all the fun in greater Arrowhead, (short couple blocks from) Midwestern University, nightlife, shopping, restaurants, schools, golf, dog parks & playgrounds...Easy access to the 101 and a short commute to TSMC, this home is ideal for those who want to stay connected to everything and have a hassle-free lock-and-leave lifestyle. Welcome home

17881 W Verdin Road Goodyear, AZ 85338

$539,900
3 Beds
2 Baths
1,961 SqFt
Status Active Under Contract
MLS # 6757323
Property Type Single Family Residence
Price Type --
UPGRADED HOME THAT IS SITUATED ON A PREMIUM VIEW LOT WITH TRIPLE GARAGE, A DEN AND A LARGE POOL. Upgrades include a feature wall in the Living Room, custom fireplace, NEWER APPLIANCES, upgraded cabinetry/hardware, gorgeous tile, granite counters, HEATED POOL WITH BUILT-IN SEATING/TABLE, BAJA STEP and IN-GROUND CLEANING SYSTEM, custom Pergola, mature landscaping and much more. An abundance of windows brighten the home as well as having pleasant views. This beautiful home BACKS AND SIDES ON TO A WASH WITH VIEWS of Bougainvillea Park and the playground across the street. Enjoy the privacy this homesite offers as well as gorgeous sunsets. This desirable location is next to the park and CLOSE TO THE PRESIDIO RESIDENTS CLUB. This spacious (always family-owned) home can close quickly if desired.

27537 N 174th Street Rio Verde, AZ 85263

$539,900
3 Beds
2 Baths
1,637 SqFt
Status Active
MLS # 6726013
Property Type Single Family Residence
Price Type --
Well cared for home with stunning view of Four Peaks to the east/northeast. Matching tile throughout home. Huge fenced backyard. Fencing is no climb horse fence. Horses ok. Remote and quiet neighborhood. Note: original builder installed appliances replaced with updated refrigerator, microwave, and dishwasher which has a heating element so you're not waiting on hot water coming from your water heater.

7813 E Dallas Street Mesa, AZ 85207

$539,900
4 Beds
2 Baths
1,932 SqFt
Status Active Under Contract
MLS # 6751946
Property Type Single Family Residence
Price Type --
Welcome to your next home. This home features separate living and family rooms, open kitchen with breakfast bar, newer appliances, gas range, slide out drawers and breakfast nook. Vaulted ceilings though out, large master suite w/walk-in closet and walk-in shower. 3 car garage with all new openers, cabinets and new water heater. Beautiful recently resurfaced pebble tech pool with all new equipment. RV gate, lots of parking space, excellently landscaped front yard, Great schools, parks, shopping, commuting and NO HOA! In walking distance of Red Mtn Generational Center and Red Mtn Park!

17237 E Grande Boulevard Unit 206 Fountain Hills, AZ 85268

$539,900 - 2Br/2Ba -  for Sale in Mirage Heights Condominiums, Fountain Hills
Open House
$539,900
2 Beds
2 Baths
1,560 SqFt
Status Active
MLS # 6781675
Property Type Apartment
Price Type --
Discover your perfect retreat in this beautifully appointed 2-bedroom, 2-bathroom home with an office/den and a one-car garage. Bathed in natural light, this end unit residence offers exceptional privacy with stunning hillside, sunrise & sunset views from three large balconies. Enjoy the elegance of high-quality wood grain vinyl plank flooring throughout, complemented by new doors and brushed nickel hardware. The upgraded double-paned windows enhance energy efficiency, while oversized bathroom mirrors and designer faucets add a luxurious touch. The large gourmet kitchen features granite countertops, making it ideal for culinary enthusiasts. Conveniently located within walking distance to the vibrant downtown Fountain Hills, this home is a true gem for those seeking comfort and style.

17525 W Desert Sage Drive Goodyear, AZ 85338

$539,900 - 5Br/3Ba -  for Sale in Estrella Mountain Ranch Parcel 195, Goodyear
Open House
$539,900
5 Beds
3 Baths
2,950 SqFt
Status Active
MLS # 6773631
Property Type Single Family Residence
Price Type --
Step into the vibrant lifestyle offered by this stunning two-story home located in the Golf Village neighborhood of the highly sought-after Estrella community in Goodyear. Framed by the scenic Estrella mountains, this 5-bedroom, 3 full-bath residence features fresh paint and new carpeting in the bedrooms, creating a welcoming atmosphere that's move-in ready. The spacious layout includes a downstairs bedroom with a full bath—perfect for guests, multigenerational living, or flexible use to suit your lifestyle needs. A laundry room is conveniently located downstairs, and the garage is pre-plumbed for a utility sink. Enjoy peace of mind and added comfort with two newer A/C units (2021), a fantastic upgrade that saves on future costs and keeps the home cool all summer long. The kitchen is a chef's delight, complete with an island, sleek granite countertops, a brand-new stainless steel refrigerator, and an electric cooktop. The roomy pantry and bright eat-in breakfast nook make it easy to enjoy casual meals, while a formal dining area awaits special gatherings. Upstairs, the owner's suite serves as a private retreat, featuring an en-suite bathroom with a soaking tub, separate shower, and an expansive walk-in closet. Four additional bedrooms and a large entertainment room offer ample space for everyone to unwind. The oversized backyard is an entertainer's dream, complete with a sparkling poolperfect for cooling off during Arizona summersand plenty of space for hosting gatherings on the expansive lot. Relax in the shade under the covered patio, complete with a ceiling fan to keep you cool. Plus, you're just steps away from a neighborhood park, adding even more outdoor 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!

4218 W Palace Station Road Phoenix, AZ 85087

$539,899
4 Beds
3 Baths
1,951 SqFt
Status Active
MLS # 6756456
Property Type Single Family Residence
Price Type --
This charming 4-bedroom, 3-bathroom, home in the vibrant ANTHEM COMMUNITY. The family room is perfect for gatherings, while the primary bedroom features a walk-in closet and full ensuite bathroom for your convenience. The interior is airy and bright, with ceramic plank tile flooring that beautifully complements the neutral paint tones, and dual-pane windows enhancing the light-filled ambiance. The kitchen is a chef's delight with granite countertops, a breakfast bar, and ample cabinet space. Step outside to a covered patio overlooking a low-maintenance desert landscape, accented with beautiful pavers. The community offers fantastic amenities, including a CHILDRENS PLAYGROUND, CLUBHOUSE, HEATED POOLS, and WORKOUT FACILITY.

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