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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7469 W Monona Drive Glendale, AZ 85308

$539,000
3 Beds
2 Baths
1,868 SqFt
Status Active
MLS # 6766852
Property Type Single Family Residence
Price Type --
This beautiful 3-bedroom, 2-bath home in the heart of Glendale, Arizona, offers modern upgrades and comfortable living. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a spacious and inviting atmosphere perfect for entertaining or family gatherings. The recently renovated tile floors throughout the home provide a sleek, contemporary feel, while the granite countertops in the kitchen add a touch of luxury. Both bathrooms have been fully remodeled, offering stylish finishes and modern amenities. Step outside to the expansive backyard, a perfect oasis for outdoor activities, gardening, or creating your dream outdoor living space. With its updated features and prime location, this home combines modern living with the charm of Arizona's vibrant community..

12303 W Candlelight Drive Sun City West, AZ 85375

$539,000
3 Beds
2 Baths
1,973 SqFt
Status Active
MLS # 6766929
Property Type Single Family Residence
Price Type --
Superior Full Renovation and Nearly Brand New Home. This is no ordinary cosmetic remodel. This almost 2000sf, 3 Bed, 2 Bath home offers luxury, functionality, & peace of mind in a home that exceeds standard expectations. New roof structure trusses & all, New AC & duct work, New electrical panel & all new wiring, All plumbing above foundation replaced, New water heater, Extra insulation including garage walls & garage door, all exterior cement epoxied, dimmable can lights. The Kitchen is something special to boast about w/ entertainers bar. Upgraded cabinets w/ dove tail drawers & soft close. Under-cab lighting, USB/C charging outlets & nightlight outlets. Updated to current code requirement. All this on top of superior craftsmanship & quality. Amazing large lot w/ gorgeous mountain views

3630 W Folley Street Chandler, AZ 85226

$539,000
3 Beds
2.5 Baths
1,580 SqFt
Status Active
MLS # 6778680
Property Type Single Family Residence
Price Type --
Beautiful 3 bedroom home on a large lot with a sparkling private pool. Kitchen has been updated with white cabinets, subway tile style backsplash, butcher block countertops, open shelving, stainless steel appliances. Updated wood flooring, updated bathrooms with a tile surround walk in shower in primary bath. Large master with walk in closet. Separate office was added with AC but is not included in sf, great for remote work. Backyard has am extra large aluminum patio cover, pool kool decking has been refinished, new pebbletech finish on the pool. Large grass backyard for activities. Large RV gate with area for toys and NO HOA. Large park on side and back of home so only 1 neighbor which makes this lot very private. Great home and neighborhood, for the price. Each bathroom has been thoughtfully updated, providing a fresh and modern feel. Enjoy year round comfort with a brand new AZ system & the added benefit of a new porch cover, prefect for outdoor relaxation. The backyard oasis is a true highlight, featuring a sparkling private pool with a new pebble tech finish, refinished Kool decking and an extra large aluminum patio cover-ideal for entertaining or unwinding under the sun. The expansive grass backyard offers plenty of space for activities, while a large RV gate provides convenient access for toys or additional storage. With no HOA, you can enjoy your home and lifestyle without restrictions. Separate garage office with AC (not included in sq footage) offers a perfect set up for remote work, allowing you to maintain a work life balance effortlessly. Located close to 101 & 202 highways, within walking distance of Dutch Bros Coffee, Chandler Mall and a variety of delicious restaurants, you'll have everything you need at your fingertips. The neighborhood is family friendly, filled with kids and young families, creating a welcoming community atmosphere. This exceptional home, with its prime location next to a large park & only one neighbor, is a rare find. Don't miss your chance to create lasting memories in this beautiful space. Come fall in love with your new home.

1250 N Abbey Lane Unit 284 Chandler, AZ 85226

$539,000
3 Beds
2.5 Baths
2,150 SqFt
Status Active
MLS # 6781261
Property Type Apartment
Price Type --
Welcome to Rhythm, a gated resort style community in Chandler with amenities galore! Enjoy heated pool and spa, great fitness center, tennis court, sports court and community spaces for enjoying. This move in ready condo has fresh paint and carpet. Upgrades by owner after purchase include wood plank tile, modern wood and cable banister, matte black GE Cafe appliances, beautiful Quartzite counter tops in kitchen, bar in family room, master bath counter top as well as custom walk in shower and closet cabinetry. Soaring ceilings, light and bright color scheme with large windows looking out onto huge green space, one of the best locations in the community. Chef's kitchen, dining area, living room, balcony and additional room with bar top on second floor. Third floor comprises of master bedroom suite with walk in closet, second bedroom with walk in closet, full bathroom, open office that could be closed in and made into third bedroom which has access to second balcony. This could be perfect full time or lock and leave home with wonderful access to I-10, downtown, Sky Harbor Airport, Chandler Tech Corridor, multiple hospitals , great shopping and restaurants all just minutes away.

3971 E Barbarita Avenue Gilbert, AZ 85234

$539,000
4 Beds
2.5 Baths
1,946 SqFt
Status Active
MLS # 6785213
Property Type Single Family Residence
Price Type --
Stunning El Dorado at the Highlands home just hit the market in Gilbert! This beautiful two story home features 4 bedrooms, 2.5 bathrooms and 1946 sq ft of living space. The first floor features a formal living and dining area with vaulted ceilings and bright windows. Large family room with built in office space that overlooks the kitchen. The kitchen comes with quartz countertops and a beautiful center island. New laminate flooring throughout entire house. All bedrooms are on the second floor. Entertain in style under the covered patio or by the outside firepit on brand new pavers. Large backyard also has a spacious storage shed. Located in a quiet neighborhood in the highly coveted Gilbert Unified District. Includes RO, Water Softner System, and All NEW Turf!!

19941 W Turney Avenue Litchfield Park, AZ 85340

$539,000
4 Beds
2 Baths
1,920 SqFt
Status Active Under Contract
MLS # 6751930
Property Type Single Family Residence
Price Type --
Welcome to your new home in the highly sought-after Verrado community, If you're looking for pride of ownership, look no further! This home features a modern open-concept layout with upgrades throughout. Inside, you'll find 4 generously sized bedrooms with premium carpeting, 2 bathrooms with upgraded vanities and a gourmet kitchen featuring upgraded cabinets and countertops—ideal for culinary enthusiasts and entertaining guests. Outside you'll find a spacious oasis pool with water feature and a large outdoor patio setting including a built in Gas Grill perfect for gatherings. OWNED Solar, $130 a month fixed loan payment, system is only 3 years old and balance is almost half paid off. Owners have had close to $0 in APS bills over last 12 months. Other Features include prewires for surround sound, a Christmas package to make it easy to hang your exterior holiday lighting, storage racks in garage, water softener and tankless water heater. Known for its top-notch amenities and vibrant atmosphere Verrado has plenty of things to offer including golf, dog parks, community pools & splash pad, fitness center, top rated schools, and Main Street where you will find grocery, shops, and dinning options.

8 W Rawhide Avenue Gilbert, AZ 85233

$539,000
3 Beds
2 Baths
2,182 SqFt
Status Active Under Contract
MLS # 6753496
Property Type Single Family Residence
Price Type --
Located in the heart of downtown Gilbert, this no HOA, 3 bedroom, 2 bathroom home features modern wood-look flooring, upgraded bathrooms and kitchen complete with quartz countertops, slate-finish appliances and an extra large kitchen island. The spacious primary suite boasts an extra large walk-in closet. The garage has been converted into a bonus room with 2 separate entrances, perfect for an additional guest suite, game/theater room, home-based business, etc. Let your imagination soar! This home sits on a large lot and has a 30 foot sliding RV gate with easy access to the pool-sized backyard. Roof and AC are 6 years old, windows are 4 years old!

5424 N Saint Andrews Drive Lakeside, AZ 85929

$539,000
3 Beds
2 Baths
1,868 SqFt
Status Active Under Contract
MLS # 6760941
Property Type Townhouse
Price Type --
Imagine a home where luxury meets the tranquility of nature, located in the prestigious gated community of Mountain Gate, this custom-built residence boasts a split floorplan with three cozy bedrooms and two full baths, ensuring privacy and comfort for all. The heart of the home, a grand great room, is crowned with soaring 15ft tongue-and-groove ceilings, creating an atmosphere of rustic elegance. Attention to detail is evident throughout, with upgrades like custom soft-close Knotty Alder cabinets and hand-scraped Acacia wood floors adding a touch of sophistication. The entryway greets you with a floor-to-ceiling stone niche, leading to a stunning stone gas fireplace with a remote, perfect for those chilly evenings. READ MORE Modern conveniences are not overlooked, with a gas tankless water heater, dual-pane windows, and a Trane gas furnace with A/C ensuring year-round comfort. The kitchen, a chef's delight, features sleek granite countertops and S/S appliances, including a dual-fuel slide-in range with a gas cooktop for culinary adventures. The primary suite is a sanctuary of its own, with an oversized walk-in closet, dual vanity with elegant stone counters, a soaker tub, and a custom tile shower. Guests will find comfort in the spacious bedrooms, and the guest bath offers a dual vanity with stone counters and a separate tub-shower area. Step outside to the large, covered deck and find yourself enveloped in the serene embrace of tall pines, where the worries of the world fade away. This home is not just a living space; it's a retreat, a place where every detail contributes to a lifestyle of comfort and elegance. The attached oversized two-car garage offers ample space for vehicles and storage. Don't miss this beautiful private property. **** NOTE the county has the home built in 2009 - however, it sat empty until 2017 when the home was then completed. We have put that it was remodeled - but that is when all of the interior finishes were completed and when the furnace/AC/appliances were all added, etc. Imagine living in the White Mountains of Arizona where you have 4 beautiful seasons and where you can breathe in the fresh mountain air and enjoy the 40 lakes and over 600 miles of rivers and streams. In addition to the amazing fishing, this area has one of the most extensive trail systems in the southwest for hiking, biking, horseback riding, quadding and more. Sunrise Ski Resort is also just 40 minutes away with 3 beautiful mountains to ski, snow board or sled. If shopping is your interest, you will love the antique stores and the multitude of arts and craft shows that happen in the summer. The music festivals have something to fit everyone's enjoyment. Do you love to golf? There are 7 amazing golf courses, 3 that are public. The White Mountains, where this home/cabin is the best kept secret of Arizona! Come and explore and enhance your living! Pinetop-Lakeside was also voted 'Best Cabin Region in the U.S... Embrace the MAGIC!

13224 W Crimson Terrace Peoria, AZ 85383

$539,000
3 Beds
2 Baths
1,834 SqFt
Status Active
MLS # 6748090
Property Type Single Family Residence
Price Type --
*FREE 1% rate buy down avail on this home!*Looking for a Move-In-Ready, like-new home w/ ALL the Upgrades! You found it! Located in the award-winning Northpointe at Vistancia! Enjoy the premium finishes t/o, upgraded appliances & custom window coverings. This sought after, functional floor plan offers 3 bedrooms + Den + Bonus/Media room + custom built-in work center. The private backyard offers composite decking & a gazebo for outdoor relaxation. Enjoy the endless walking & hiking trails & nearby community center w/ pools, basketball, volleyball & more. Just 20 minutes from the new TSMC facility, don't miss the opportunity to live in one of the most beautiful areas of North Peoria booming w/ new growth, shopping, dining & services. Come see the elevated views & beautiful setting!

17656 E Chevelon Canyon Circle Rio Verde, AZ 85263

$539,000
2 Beds
2 Baths
1,343 SqFt
Status Active
MLS # 6748886
Property Type Townhouse
Price Type --
Come join the resort lifestyle living of Trilogy at Verde River in this upgraded Muros plan home! This two bed/2bath/2 car garage boasts an easy flowing and open floor plan for amazing indoor /outdoor living. Nestled on a quiet cul-de-sac street with stunning back yard views of the Mazatzal Mountain range of Tonto National Forest. A wide open desert arroyo with sounds of native song birds, provides even more back yard privacy. Enjoy this Trilogy community lifestyle complete with beach entry resort pool , separate lap pool, private adult hot tub area, Eddies bar by the pool, Alvea an onsite full service spa, Needle Rock Kitchen and Tap, offering delicious entrees and views to wow and so much more! check out online, Trilogy at Verde River to discover more good reasons to live here!

8580 W Brown Street Peoria, AZ 85345

$539,000
4 Beds
3 Baths
2,874 SqFt
Status Active
MLS # 6758303
Property Type Single Family Residence
Price Type --
*SELLER WILLING TO OFFER BUYER CONCESSSIONS* Spacious Downstairs with Den & Bathroom w/Shower! Interior Features include Tile Flooring, Plantation Shutters, Stainless Appliances, Food Pantry, Kitchen Island Storage, Ceiling Fans, Laundry Room w/Cabinets, Nest Thermostats, Large Master w/Walk-in Closet, Dual Sinks & Separate Tub/Shower. Fridge, Washer & Dryer convey too! Outside you'll find RV Gate w/Fenced Area behind, Pebble-Finish Deep Swimming Pool w/Stacked Stone Wall & Water Feature + Lounge Shelf w/Umbrella Sleeve, Fire Feature, Gas Stub ready for expansion, Lots of Paver Hardscape, Turf Dog Run, Gutters & more. Two New Trane 17-Seer A/C Units installed last year. Close to Historic Downtown Peoria w/Shops, Eateries & Seasonal Events + Loop 101 Freeway/Grand Ave close for Commuting. New Water Heater just intalled (09/24). 42-inch upper cabinets in the kitchen, multiple pet doors leading to the exterior with one of them to the fenced and turfed dog run, triple garage (tandem) with built-in cabinets, hanging storage racks and epoxy-coated floor, patio has ceiling fan + TV.

2830 S Arroyo Court Chandler, AZ 85286

$539,000
4 Beds
2 Baths
1,833 SqFt
Status Active
MLS # 6740804
Property Type Single Family Residence
Price Type --
PRICED TO SELL! Beautifully upgraded Clemente Ranch single-level home with bright and open floor plan. Large corner lot home located in a quiet cul-de-sac with 4 bedrooms and 2 bathrooms. No carpet! Hardwood floor in rooms! Brand new Quartz counter in kitchen and bathrooms. Newly finished cabinets. Updated lighting. Open spacious kitchen with separate formal and family room. Spacious backyard has an RV gate, extended driveway, covered patio, flagstone, and pebble tec pool, and ample space for your garden and perfect for entertaining. It's close to Intel, Chandler Mall, Wells Fargo, freeways, Ocotillo Village, etc. Perfect family-friendly neighborhood for your client! Walking distance from 2 children's parks: Chuparusa and Dobson Park!

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