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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10040 E Happy Valley Road Unit 2040 Scottsdale, AZ 85255

$2,295,000
2 Beds
2 Baths
2,635 SqFt
Status Active
MLS # 6725907
Property Type Single Family Residence
Price Type --
IMMEDIATE DESERT HIGHLANDS GOLF CLUB MEMBERSHIP upon close of escrow. LOCATION, LOCATION... LOCATION!!! This updated southwestern home boasts breathtaking views of both Pinnacle Peak & the McDowell Mountains via its 2530 ft. elevation & southern exposure. Situated on a private cul-de-sac in the highly desirable ''Heights Neighborhood'', this single level, open floor plan offers numerous make-it-your-own design possibilities. The spacious front and rear yards afford expansive indoor/outdoor living areas. Patio deck complete with private pool provides quiet solitude. It's all here... Jack Nicklaus Signature Golf Course, 18 hole putting course, Restaurants (Ventana & Jack's), Fitness center, heated lap pool, tennis, pickleball, bocce, walking trails, social clubs, and gated security.

3222 Bear Howard -- Flagstaff, AZ 86005

$2,295,000
4 Beds
3 Baths
3,334 SqFt
Status Active
MLS # 6750128
Property Type Single Family Residence
Price Type --
Escape to your mountain oasis, this beautifully updated home is on the fifth hole of the Canyon Golf Course in Forest Highlands. Situated on a generous lot, this thoughtfully designed floor plan allows for main-level living with plenty of space for guests. Vaulted ceilings and soaring windows showcase the ponderosa pines off the back deck, making the open concept living area an inviting space to relax or entertain. Appointed with smoked European oak floors, custom designed knotty alder wood cabinets, and new wood ceilings throughout the home. The chef's kitchen is ready for all your best creations, with a Sub Zero refrigerator, Wolf appliances and leathered quartzite counters. Two bedrooms, including the primary, are on the main floor, and two bedrooms upstairs share a bathroom. There is an additional loft, making a great space for a TV room, game room, or home gym. To stay comfortable no matter the season, the home has two new air conditioning units (2023), a new hot water tank (2023), a fifty year roof (2024) and heated floors in three of the bathrooms. Exterior painting was completed in 2023, garage painting in 2024, and new pavers placed in the front courtyard. All the work has been done and it is ready for you to make your own! Buyer to verify the homes square footage.

7850 W Chama Drive Peoria, AZ 85383

$2,295,000
8 Beds
6 Baths
5,497 SqFt
Status Active
MLS # 6767893
Property Type Single Family Residence
Price Type --
Welcome to 7850 W Chama Dr, a breathtaking residence that epitomizes modern elegance in the heart of Peoria, AZ. This impeccably designed home features 5 spacious bedrooms and 3.5 luxurious baths in the main house, alongside a charming casita with 1 bedroom and 1 bath, and a guest house boasting 2 bedrooms and 1 bath—offering a perfect sanctuary for families and discerning individuals alike. As you enter, be captivated by the grand foyer that opens to a light-filled, open-concept layout, adorned with high ceilings and premium finishes. The gourmet kitchen is a culinary masterpiece, showcasing top-of-the-line stainless steel appliances, exquisite quartz countertops, and a sprawling island that invites both intimate gatherings and lavish entertaining. The sophisticated living area boasts stunning views of the backyard oasis, seamlessly blending indoor and outdoor living. Retreat to the sumptuous primary suite, a true haven featuring a spa-like en-suite bath with dual vanities, a lavish soaking tub, and a spacious walk-in shower. This remarkable property also offers exceptional multi-generational living options, including a fully equipped guest house and a casita, providing private spaces for visiting friends, family, or even as a separate office. The additional RV garage offers ample space for your recreational vehicles, providing the ultimate convenience for adventurous spirits. Step outside to your private outdoor paradise, where the low-maintenance backyard features a covered patio, perfect for alfresco dining and entertaining against a backdrop of breathtaking Arizona sunsets. It's a true kids' paradise, with a putting green, sport court, Whiffleball/play field area with turf, and over an acre of land to explore. Enjoy the batting cage and an enclosed garden that can double as a dog run, with plenty of room to park trailers and more. Located in a prestigious community with access to serene parks, scenic walking trails, and nearby shopping and dining, this home offers the perfect blend of luxury and convenience. Don't miss the opportunity to experience refined living at its finest. Discover the unmatched beauty and elegance of 7850 W Chama Dr!

37295 N Boulder View Drive Scottsdale, AZ 85262

$2,295,000
3 Beds
3.5 Baths
4,523 SqFt
Status Active
MLS # 6765631
Property Type Single Family Residence
Price Type --
Luxury custom home in a prestigious North Scottsdale neighborhood, bordering the scenic Tonto National Forest with easy access to the McDowell Sonoran Preserve. This impeccably maintained home boasts an open floor plan with high-end finishes throughout. The chef's kitchen is equipped with WOLF appliances, including three ovens, a warming drawer, microwave, and six-burner gas cooktop. Sub-Zero refrigerators are strategically placed throughout the home, complementing the spacious granite countertops, prep area, and wet bar. Alder cabinetry and premium granite and stone surfaces enhance the elegance of every room. The temperature-controlled wine closet can store over 400 bottles, ensuring your collection is well-preserved. The expansive master suite, complete with a fireplace and sitting area, opens directly to the patio, pool, and spa. Additionally, a den/office/game room with a full wall of built-ins provides space for books and memorabilia. Your guests will enjoy privacy and comfort in the attached casita with its own entrance through the courtyard. Step outside to a resort-style backyard featuring a stunning boulder waterfall, an upper terrace with breathtaking views, and a fire pit for cozy evenings. This home is a must-see to truly appreciate the unmatched quality and luxury it offers!

6417 N 30th Way Phoenix, AZ 85016

$2,295,000
3 Beds
3 Baths
2,564 SqFt
Status Active
MLS # 6774983
Property Type Single Family Residence
Price Type --
Gorgeous! This redesigned/remodeled contemporary home is located in the prestigious guard gated community of Biltmore Hillside Villas. Perfect lock and leave, 3 bedrooms, 3 baths, offering the best designer finishes available. The living room features custom cabinetry with Viking wine cabinet. The chef kitchen has Wolf/Subzero appliances, quartz countertops and a huge island. Wood floor throughout the house and two gas fireplaces. Relax poolside or on the covered patio while listening to the private waterfall. The two car garage features an epoxy coated floor, built in cabinets, recently replaced water heater (2024) and lots of storage space. Short distance to the Biltmore Shopping Center & Phoenix Mountain Preserve trails! This is an immaculate home ready to greet its new owner

33521 N 75th Way Scottsdale, AZ 85266

$2,295,000
4 Beds
3 Baths
3,693 SqFt
Status Active
MLS # 6777485
Property Type Single Family Residence
Price Type --
Perched on the top of a cul de sac in the custom home section of Montesano at Winfield expect VIEWS! Private backyard backs to 75 acre boulder studded Winfield Mountain with expansive front views to the Boulder stack and Black Mountain. Great room living with expansive windows opening to fabulous views of Winfield Mountain. The kitchen features a massive granite kitchen island, tons of cabinets and walk in pantry. Split master bedrooms, 3 car garage with storage area, waterfall feature and exterior fireplace in backyard. The secluded backyard has covered and open patio space. Mountain and City View buyers, DO NOT DELAY! This one is spectacular. Winfield offers a resort style clubhouse including heated comm. pool, fitness facility, aerobics/tai chi, 8 tennis courts(2 clay) &pickleball

8418 E Windrunner Drive Scottsdale, AZ 85255

$2,295,000
4 Beds
3.5 Baths
2,967 SqFt
Status Active
MLS # 6769956
Property Type Single Family Residence
Price Type --
Another Southwest Urban Ventures creation, this stunning sophisticated remodel located in guard gated Talon Retreat at Grayhawk, is a true showcase of craftsmanship and elegance. This home perfectly balances comfort with functionality while embracing the latest design trends. Upon entering, you'll be greeted by a redesigned open concept layout that effortlessly connects the living, dining, and kitchen ares, ideal for modern living and entertaining. The spacious greatroom features expansive windows and glass door, allowing natural light to pour in and offering fantastic Arizona indoor / outdoor living. Custom built shelving and designer lighting add a touch of sophistication. The kitchen has been completely reimagined for the chef in mind, boasting high end appliances including a five burner gas range, wall oven with microwave (air fryer) combo and a sleek, oversized island with seating for casual dining. The walk in pantry is a masterpiece of design, featuring custom coffee station and plenty of storage for everything from dry goods to small appliances. Both master suites have been transformed into luxurious spa inspired retreats with freestanding soaking tubs, large glass enclosed showers, double vanities, and designer fixtures. The exterior spaces are meticulously curated for luxurious outdoor living. The pool area has been renovated to provide a lavish setting for relaxation and social gatherings, complemented by an outdoor kitchen with built in grill, cozy seating area, and linear water feature, ideal for year-round enjoyment. This home not only showcases the exceptional talents of Southwest Urban Ventures architectural and design team members, but also offers an unmatched lifestyle of luxury and comfort. Discover the unique charm and sophisticated elegance of this beautifully remodeled North Scottsdale residence. Grayhawk community luxury amenities include guard gated entrance, community heated pool and spa, lighted tennis courts, as well as walking and biking sidewalks. The Grayhawk Golf Club is open to everyone with two leading public courses, several dining options, rentable spaces, and beautiful views! This home is located within 10 minutes of many Scottsdale shopping, dining, and entertainment venues!!

9248 E Desert Village Drive Scottsdale, AZ 85255

$2,295,000 - 5Br/4Ba -  for Sale in Dc Ranch, Scottsdale
New
$2,295,000
5 Beds
4 Baths
3,209 SqFt
Status Active
MLS # 6778803
Property Type Single Family Residence
Price Type --
Complete remodel with no expense spared located in a premier location overlooking the park at The Estates DC Ranch * This chic, designer home offers an open Great Room floor plan perfect for entertaining * Rare 5 bed, 4 bath home with no interior steps * Retractable glass wall spans the entire length of great room * Freshly remastered kitchen with Wolf/ Sub-Zero appliances, dual dishwashers and walk-in pantry * Interior details include wide wood plank flooring, custom cabinetry, intricate tile work, all new lighting fixtures and door hardware, * Backyard features heated pool, sauna, covered patio, and new landscaping * A 3-car tandem garage completes the residence *

8501 E Indianola Avenue Scottsdale, AZ 85251

$2,295,000
4 Beds
3.5 Baths
3,500 SqFt
Status Active
MLS # 6701545
Property Type Single Family Residence
Price Type --
NEW CONSTRUCTION!! A BRAND-NEW '2024' HOME! JUST COMPLETED....BUILT EXTRAORDINARILY BY 'SCOTTSDALE'S PREMIER LUXURY BRAND' AS THE NEWEST ADDITION TO THE 'RESIDENCES OF DISTINCTION' COLLECTION! A CONNOISSEUR OF FINE DESIGN AS WELL AS A CREATOR OF ART. SCOTTSDALES MOST PROLIFIC INVESTOR IS THE DEVELOPER PAR EXCELLENCE: DESIGNING & BUILDING THE MOST OUTSTANDING HOMES, AMBITIOUSLY INSPIRED CREATIONS THAT STAND THE TEST OF TIME! Signature corner location in coveted South Scottsdale, the contrast of the white geometric walls framed in black against the green landscaping with giant palms creates a grand & impressive entrance! The reaction from the street - 'Awe''! Upon entering experience open concept flow. Superb volume is achieved with coffered & recessed ceilings, skylights, engineered hardwood floors throughout & a 'RESTORATION HARDWARE' Chandelier in every room! Every corner of this opulent home has been designed to make an INDELIBLE STATEMENT! Focal point Limestone WINE GALLERY & 'BLACK SATIN' SUBZERO WINE COOLER separate the Dining room & Living room which has floor-to-ceiling fireplace that flows onto the winter/summer patio through custom designed double sliders to breathtaking pool with water features and private outdoor his/her showers. This continuous entertaining space is cooled with built-in misting system. Experience HEATED POOL with baja lounging shelf, jacuzzi, fire pit, BBQ, all in a perfectly manicured verdant green surrounding creating a virtual indoor/outdoor experience! Spiral up the stairway to UNIQUE PATIO DECK where sunset-gazing over Camelback Mountain or midnight star-gazing is an either/and. The top-of-the-line SUBZERO/ WOLF/ COVE Kitchen with white characteristic clean 'European' lines has a 2 tone enormous 12 foot Island which is the central hub of the home integrating easily with the reception areas & outdoor terrace making for easy, interactive Entertaining and Living. 4 BEDROOMS, 3.5 decadent BATHROOMS for exceptional accommodation with the half bathroom being the main attraction as it has walls of real preserved moss and is hidden behind a sculptured glass barn door. 2 Bedrooms are En-Suite include a signature designed built-in 'Ladies cosmetic corner' in the 2nd Primary which is an unforgettable domain of it's own. The Grand Primary suite with wood inlayed walk-in closet, 'Four Season's' style en-suite and with romantic fireplace opens onto the pool. Each bedroom is brilliantly positioned through a huge hallway hand-laid with wood & mirrored artistry. Every feature is of an impressive scale including the the walk-in wood paneled pantry, gorgeous 2 tone Laundry Room with floor to ceiling cabinetry as well as the 2 car garage with opulent black epoxy floors an electric car charger, built-in storage cabinets and designer lighting. MUCH LIKE IN GREEK MYTHOLOGY - PROMETHEUS BRINGS THE GIFT OF FIRE TO HUMANITY, 'SCOTTSDALE'S PREMIER LUXURY BRAND'. BRINGS US CREATIVE HOMES THAT LIGHT THE FIRE WITHIN US!

8822 W Deer Valley Road Peoria, AZ 85382

$2,295,000
5 Beds
3 Baths
2,945 SqFt
Status Active
MLS # 6688320
Property Type Single Family Residence
Price Type --
ATTENTION ENTREPRENEURS/INVESTORS!!! One-of-a-kind property with many streams of income!!! This property provides a flexible investment opportunity by combining different property types into a single lot. This unique property offers multiple turn-key ways of renting various spaces: Entire estate, event venue, two livable properties, or office space that can help offset your mortgage or create passive income stream. You can rent separately or together the main house (1945+ SF) and the guesthouse (ADU) one BD and one BA AND a full kitchen (1,000 SF built in 2023) with pool & Spa. This can be a vacation getaway, Airbnb, a place to host private parties and events, or an alternative to staying in a hotel. The opportunities are endless. In addition, the property offers separate free-standing suites and storage spaces: an insulated 12X10 room that can be rented as a salon, nail shop, or office space for small startup companies or people working remotely. The room has a separate two-ton Hessaire cooler for residential and commercial use. The storage space is a built-in 12x20 metal storage shed that can generate income as a storage unit for vehicles, etc. The improved graveled parking lot can be rented for space to park RVs, Campers, Trailers, Mobile homes, boats, extra cars, etc. The industrial metal-covered backyard has risen from dust to become a stunning oasis for entertainment. It can be used as a venue for special events (Buyer to verify all county requirements for permitting and licensing). Landscape improvements include lush trees and plants with automatic water systems, pavers for the main areas, and gravel for the parking area that can easily fit over 30 cars. The previous owner ran a concrete business and rented RV/Trailer/Boat space. This SPECTACULAR quality, rare, custom-built property was built in 2017 on just under an acre, in a prime Maricopa County location, NO HOA, in North Peoria, has been completely transformed from its original layout, with over $750K spent on renovation to expand and multiply revenue-generating business opportunities. The custom-built main house home, designed with a modern aesthetic, is quality-built with 2x6 construction. It went from a 2 BD to a 4 BD plus Den, with a 20-seer a/c and spray foam insulation. The renovated beautiful kitchen has a built-in microwave, farm sink, breakfast bar, and large island. The two bathrooms underwent a high-end renovation in 2022. The open patio was also enclosed as an added playroom, office space, or den with a separate two-ton Hessaire cooler for residential and commercial use. In 2023, a one-bedroom, one-bathroom, 1,000-square-foot stunning guesthouse with a fully functional kitchen was built. It also has an extended wraparound patio, fenced POOL and SPA. If that is not enough, outdoor two-door mobile (four-stall) restrooms was added in 2024 for the convenience of multiple tenants. Don't miss this rare opportunity.

7175 E Camelback Road Unit 805 Scottsdale, AZ 85251

$2,295,000
2 Beds
2.5 Baths
2,469 SqFt
Status Active Under Contract
MLS # 6699072
Property Type Apartment
Price Type --
Beautifully remodeled 2,469 sqft eighth-floor 2 bedroom 2.5 bathroom Scottsdale Waterfront condo offering exceptional mountain, water and city-light views, and tasteful, elegant design. Located within the prestigious towers of the Scottsdale Waterfront Residences, this full service community offers 24-hour front desk reception and security, concierge and valet service, a roof-top pool and spa, air-conditioned wine cellar, fitness center, massage rooms, club room and business center. The towers are located in a prime area of Old-Town Scottsdale, just a comfortable stroll from over 100 restaurants, the areas finest shopping, art galleries, and areas of entertainment. All this within 20 minutes drive of the Phoenix International and Scottsdale Airports. Two designated parking spots convey.

3111 E Indian Ruin -- Payson, AZ 85541

$2,290,000
4 Beds
4 Baths
4,720 SqFt
Status Active
MLS # 6768559
Property Type Single Family Residence
Price Type --
Nestled in the prestigious Rim Golf Club, this stunning custom home offers an unparalleled blend of luxury and breathtaking views from every window. Featuring four spacious bedrooms and four well-appointed bathrooms, the home is designed for comfort and style. The partially finished walkout basement provides ample space for entertainment or relaxation, while the unfinished portion offers a blank canvas, perfect for creating a personal retreat, gym, or additional living space, limited only by your imagination. Surrounded by the beauty of the Mogollon Rim, Granite Dells and Tonto National Forest this home promises serenity and elegance in one of the finest golf communities in Arizona.

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