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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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.

5026 W Cheryl Drive Glendale, AZ 85302

$539,859
4 Beds
3 Baths
2,177 SqFt
Status Active
MLS # 6752432
Property Type Single Family Residence
Price Type --
Located in North Central Glendale, convenient to everything!! Gorgeous open plan with bedroom & full bathroom downstairs!! Wonderful kitchen includes tons of cabinets, LARGE ISLAND, and walk-in pantry for all the space required to live comfortably!! Plus, a grand primary suite with optional walk-in super shower ILO standard at primary bath. Second-floor laundry room with cabinets. Two-tone interior paint. Mission stair railing upstairs and downstairs. 8' garage doors. Designer finishes include: 42'' Benton White Cabinets with black hardware. Kitchen comes with subway tile back-splash, ''Black Mist Honed'' granite counters & ''Glen Arbor Grey'' 6x26 tile floors!!! Home is Move-in Ready!! Ask us about our special financing promotions!!

1032 W Finch Drive Queen Creek, AZ 85140

$539,827
4 Beds
3 Baths
1,858 SqFt
Status Active
MLS # 6788961
Property Type Single Family Residence
Price Type --
Ready end of December!! Near all the amenities and park area. 4 Bedrooms 3 baths, beautiful Staggered White cabinets with Quartz Counter tops, Gas range, wood look tile, tile backsplash and two-tone paint throughout!! Great sized backyard with covered patio to enjoy. Just steps away from all the amazing Amenities North Creek has to offer.

15040 N 176th Lane Surprise, AZ 85388

$539,777
5 Beds
3 Baths
2,615 SqFt
Status Active Under Contract
MLS # 6783876
Property Type Single Family Residence
Price Type --
Immaculate and upgraded home with a resort oasis backyard! Enjoy cooking in the gourmet kitchen boasting STAINLESS STEEL APPLIANCES, and tons of cabinet and countertop space. Spacious primary suite with ENORMOUS WALK-IN CLOSET, separate shower & tub, & dual sinks. Enjoy epic AZ Sunsets poolside with calming waterfalls, surround sound, gas firepit, and covered patio. Or, work on your short game with the 5 hole putting green with chipping areas. 5 bedrooms PLUS a den, with 2 bedrooms and full bathroom downstairs! Additional upgrades include diagonal lay tile, custom fans/lights/fixtures, and surround sound. EPOXY GARAGE flooors with workbench and cabinets. 4 year old Trane XR HVAC system with warranty. All furnishings available for sale outside of escrow. Barely lived in as a 2nd home! This home is in GREAT SHAPE as it's been used only a few weeks a year as a second home for 15 years.

34690 N Ashwood Drive San Tan Valley, AZ 85144

$539,770
4 Beds
2.5 Baths
2,712 SqFt
Status Active
MLS # 6723162
Property Type Single Family Residence
Price Type --
Brand new 2 story with views to the San Tan mountains. Gourmet kitchen layout, stainless steel appliances, 8' Interior doors, 3 car tandem garage.

11691 N Luckenbach Street Surprise, AZ 85388

$539,595
2 Beds
2 Baths
1,530 SqFt
Status Active
MLS # 6770400
Property Type Single Family Residence
Price Type --
Entertaining All Offers! This Immaculate Smithfield Spanish - Toll Brothers Home is located in the Incomparable Sterling Grove Golf & Country Club - Awarded 2022 and 2023 Master Plan Community of The Year! The Smithfield 2 bed 2 bath floorplan lives large with loads of natural lighting as it wraps around a Private Covered Patio from the Great Room across the front hall and into the Master Bedroom. 10 foot ceilings throughout add to the spacious feeling. The Chef's Kitchen boasts a Gas cooktop, Wall Oven and Microwave with Two-Toned White and Dark Charcoal Cabinets, Beautiful Tilework, Under-Cabinet Lighting , Walk in Pantry and second additional Closet Space. The Separated Quartz Countertops creates a Special Nook for coffee or prep space. Large Master Bedroom and Master Bath with Spa like Tiled Shower and Walk in Closet with high windows for natural light. Fresh Paint Throughout and New Carpet and Padding installed in both Bedrooms and Closets. Sterling Grove Golf & Country Club is a Gated Community w/24 Hour Guard Post. Great Opportunity to Enjoy on a daily basis so many Wonderful Amenities and Beautiful Views of the White Tank Mountains, Lakes, Ponds and Gorgeous Greens on your Walks, Jogs, Bike Rides! Amenities: TROON Managed Jack Nicklaus Design 18 Hole Golf Course, Tennis Courts, Pickleball Courts, Country Club, Resort Style Pools, Fitness Center, Spa, Restaurants, and Much More!

51312 N Mockingbird Trail Wickenburg, AZ 85390

$539,500
3 Beds
2 Baths
1,632 SqFt
Status Active
MLS # 6773877
Property Type Single Family Residence
Price Type --
Welcome to your dream desert oasis! Nestled on a spacious 1-acre lot with stunning views of Wickenburg's picturesque landscape, this beautifully maintained 3-bedroom, 2-bath home offers the perfect blend of Southwestern charm and modern comfort. Step inside to an open and inviting floor plan that flows effortlessly from room to room. The bright and airy kitchen features updated appliances, ample counter space, and warm tones that make it a chef's delight. Arched doorways, Saltillo tile, and rich wood laminate floors lend a cozy, authentic Southwestern ambiance to the entire home. Outdoors, enjoy the serenity of your private paradise. Relax on the expansive patios, take a dip in the solar-heated pool, or explore the beautifully landscaped grounds. Short ride to BLM on toys and horses!! This property is perfect for animal lovers hobbyists alike, with plenty of space for horses, a chicken coop, and even a storage shed for your tools and toys. Whether you're seeking a peaceful retreat or a space to entertain, this Wickenburg gem has it all. Don't miss out on the opportunity to experience desert living at its finest!

20306 W Turney Avenue Buckeye, AZ 85396

$539,396
3 Beds
2 Baths
1,416 SqFt
Status Active
MLS # 6755185
Property Type Single Family Residence
Price Type --
This home is our beautiful Clyde floorplan expertly designed with our Loft look designer curated interior. Your sophisticated kitchen is appointed with a large island, quartz countertops with a subway tile backsplash and GE profile stainless steel appliances with wall oven. Enjoy your beautiful great room with coffered ceiling and 7.25'' baseboards throughout. Additional upgrades include pendant lighting, ceiling fans, 2'' blinds and Owned Solar!!! ^^^Short/long term interest rate buydowns available when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

14328 W Libra Drive Eloy, AZ 85131

$539,000
2 Beds
2 Baths
1,537 SqFt
Status Active
MLS # 6631149
Property Type Single Family Residence
Price Type --
TRULY ONE-OF-A-KIND HORSE PROPERTY! If you dream of getting away from hectic city life, then this is the place for you! 7 acres of clean air and mountain views surround this quality built, beautiful custom home. The home and garage were built with 2x6 construction, and include solid foam insulation, the attic has 14in solid foam insulation. The home has 9ft tongue and groove wood ceilings w/ Viga's. There is a charming 2-sided propane fireplace between the living room and primary bedroom for those cozy winter days and nights. There is locking security window screens and doors for peace of mind while you're away and stained-glass appointments throughout. There is beautiful travertine tile in the primary bathroom and beautiful textured concrete floors throughout the rest of the home. BEAM central vacuum. Oversized extended garage. The property is completely fenced and cross fenced with pipe and horse fencing and has an automatic security gate entrance. The 1221 sq ft horse shelter has 4 stalls with an automatic watering system. Front and back porches have rough sawn wood ceilings and beams. There is also a 12x32 ft RV canopy, 2 10x10 sheds and 1 Conex container for additional storage. The owners have truly loved their winters here, calf roping, off roading on their quads and giving jeep tours to winter visitors that have become life-long friends. They hope to find buyers that will love it as much as they have.

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