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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418 S 226th Drive Buckeye, AZ 85326

$450,000
3 Beds
2 Baths
1,735 SqFt
Status Active
MLS # 6677357
Property Type Single Family Residence
Price Type --
This is one special property! Located on the 18th green of the Sundance Golf Course. Spectacular MOUNTAN VIEWS! This wonderful 3-bedroom, 2 bathroom home features beautiful QUARTZ COUNTER TOPS, a large kitchen island plus a breakfast bar. The kitchen opens to the spacious family room and dining area. The 3rd bedroom is set up perfectly to be used as a den, office or bedroom. The primary suite features an ensuite with dual sinks and walk-in closet with updated counter tops. Step outside to your covered patio with sunshades, misters, and manicured gardens. Take a dip in the SPARKLING POOL while relaxing with your favorite beverage. The home is energy efficient with SOLAR and SUNSCREENS. Don't miss your chance to own your move-in ready home in Sundance, BEING OFFERED FULLY FURNISHED. Sundance is your premier Active Adult Community in Buckeye. Enjoy your days either golfing, swimming, tennis, pickleball, working out in the fitness center and plenty of other social activities. The Sundance Golf Club features an 18-hole golf course, pro-shop, restaurant. Make Sundance your home today. Some of the home's upgrades include: Plantation shutters Upgraded irrigation system Upgraded lighting R.O System Upgraded baseboards Crown Moulding 100 gallon water heater Built in cabinets in the garage Epoxy garage floors Pool filter, 1 year old Golf ball Sunscreens Patio Misters Paver patio New refrigerator Washer 1 year old Fruit trees (lemon and lime)

19031 N 15th Drive Phoenix, AZ 85027

$450,000
4 Beds
2 Baths
1,501 SqFt
Status Active
MLS # 6679359
Property Type Single Family Residence
Price Type --
Your dream home is here! Step inside this stunning Remodeled Residence located in North Phoenix. A dream Kitchen with gorgeous tall, slow close cabinets , brand new SS appliances and stunning quartz counters. New floors, New Roof, New AC, interior and exterior paint, and light fixtures throughout. Beautifully remodeled Bathrooms with custom vanities and an abundance of natural light. This 1501 sqft, 4bed, 2 bath home has a huge backyard, covered patio, a few citrus trees, and plenty of space to use as you wish, RV gate and plenty of parking spaces! Close to shopping, dinning, and freeway 101, and I17.

37801 N Cave Creek Road Cave Creek, AZ 85331

$450,000
2 Beds
2 Baths
1,140 SqFt
Status Active
MLS # 6679395
Property Type Townhouse
Price Type --
Must see CHARMING single level townhouse designed by renowned valley architect Bennie Gonzales features a TWO car garage, TWO large outdoor patios and GORGEOUS MOUNTAIN AND SUNSET VIEWS!!!. Travertine flooring throughout, Great Room floorplan w/Dining area. Sunny, south facing kitchen, warm wood cabinets, granite countertops, stainless steel appliances & beamed ceiling. 2 spacious bedrooms, owner's suite features an office/den/additional closet. Walk to great shopping, dining, entertainment in Cave Creek & enjoy year round outdoor activities. Owners LOVE spending time & entertaining on the oversized, south facing paver patio w/synthetic grassy area. Lots of natural area open space, wonderful community pool, heated jacuzzi & tennis court. Excellent Lock & Leave/Seasonal Rental. All skylights are new. Garage door is new. Front patio pavers new. Master bath in this unit has a walk-in shower and could be converted back to a tub/shower. 3 Month minimum rental per current HOA rules.

950 E Kelsi Avenue San Tan Valley, AZ 85140

$450,000
4 Beds
3 Baths
2,401 SqFt
Status Active
MLS # 6681792
Property Type Single Family Residence
Price Type --
Immaculate two-story home located in a desirable area, boasting ample living space. This meticulously maintained residence provides comfortable accommodation for all. Upon entering, you are greeted by a welcoming foyer that flows seamlessly into the main living area, ideal for entertaining guests or relaxing with loved ones. The well-appointed kitchen is a chef's delight with plenty of cabinet space for storage. Upstairs, the loft space is perfect for any need. The master suite is complete with a luxurious en-suite bathroom featuring dual sinks, a soaking tub, and a separate shower. The backyard is blank slate awaiting ready for your imagination to unfold! With its charming curb appeal, convenient location, and abundance of living space, this gem is sure to impress.

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