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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3710 N Hopi Lane Pine, AZ 85544

$448,900
2 Beds
2 Baths
1,200 SqFt
Status Active
MLS # 6680811
Property Type Single Family Residence
Price Type --
WELCOME TO YOUR NEW HOME IN THE PINES! THIS BEAUTIFUL NEWER WELL CONSTRUCTED SINGLE LEVEL HOME IS ALL READY FOR YOUR WEEKEND GET AWAY OR YOUR NEXT PARADISE HOME IN THE PINES, OUT OF THE BIG CITY. ENJOY THE LARGE FAMILY ROOM WITH SOARING VAULTED CEILINGS & COZY FIREPLACE, TONS OF KITCHEN CABINETS, HUGE MASTER BDRM WITH. EN-SUITE BATH ALONG WITH DUAL SINKS & WALK-IN CLOSET. RETRACTABLE BLINDS, CENTRAL AIR CONDITIONING, DUAL PANE WINDOWS, LARGE GUEST BEDROOM & GUEST BATH, LOTS OF STORAGE. YOU'LL REALLY ENJOY YOUR TREE HOUSE DECK AS YOU HEAR THE WIND WHISTLING THRU THE TOWERING PINE FOREST & GAZE UP AT THE ENDLESS STARS. OR CATCH A GLIMPSE OF THE ROAMING ELK AND DEER. THIS HOME SITS ONE STREET AWAY FROM THE NATIONAL FOREST AND AN AWESOME HIKING TRAIL. PINE, IS AZ'S BEST KEPT SECRET. HURRY! AT THE BASE OF THE BREATHTAKING RIM IN THE QUAINT TOWN OF PINE, FILLED WITH GREAT RESTAURANTS, ANTIQUE SHOPS, LIBRARY, POST OFFICE AND MILES AND MILES OF FOREST AND TRAILS, LAKES AND CREEKS NEARBY. (A BEAUTIFUL SHORT 90 MIN. DRIVE FROM THE VALLEY AND ALMOST 20 DEGREES COOLER AND NO 1-17 TRAFFIC JAMS. (SHOW IT AND YOU SELL IT!

1924 E Osborn Road Phoenix, AZ 85016

$448,900
2 Beds
1 Bath
977 SqFt
Status Active
MLS # 6625790
Property Type Single Family Residence
Price Type --
*SELLER FINANCING AVAILABLE* Remodeled from top to bottom in Loma Linda neighborhood right down the street from Phoenix Children's Hospital. All updates permitted w/ City of Phoenix. Home features new shaker kitchen cabinets w/ stainless steel appliances, tons of storage & island w/ breakfast bar. All new bathroom w/ tile tub surround. Real hard wood throughout including new baseboards. Energy efficient w/ new AC unit, new dual-pane windows & doors, tankless gas water heater & new insulation. Inside laundry room w/ extra storage & folding table. All new recessed lighting & ceiling fans throughout. Home has also been re-plumbed w/ new water & sewer lines. 2-car tandem garage that you can pull through into the backyard if you like. Large lot, block construction, no HOA & move in ready!

15829 W Boca Raton Road Surprise, AZ 85379

$448,900
3 Beds
2 Baths
2,071 SqFt
Status Active
MLS # 6647483
Property Type Single Family Residence
Price Type --
Home sweet home! This immaculate 1-story home has no rear neighbors giving you privacy! Come home to cozy yet elegant living, highlighted by a neutral palette throughout & boasts a well-designed split-floor plan w/ 2,071 sq ft of living space, 3 bedrooms plus a double door entry den, & 2 bath, a formal living/dining combo & the kitchen at the heart of the home overlooking the family room & breakfast nook. The well-equipped kitchen features S/S appliances, gorgeous granite countertop, tons of cabinet storage, pantry & kitchen island w/ a breakfast bar. Primary bedroom has a walk-in closet & ensuite bathroom. Step outside & enjoy your low maintenance backyard & relax in the sparkling pool- an ideal setting for true Arizona living. Close to Downtown Surprise, the Performing Arts Center, shopping, dining & great school

10829 W Melvin Street Avondale, AZ 85323

$448,900 - 3Br/3Ba -  for Sale in Roosevelt Park Phase 1, Avondale
Open House
$448,900
3 Beds
2.5 Baths
2,024 SqFt
Status Active
MLS # 6677982
Property Type Single Family Residence
Price Type --
This is it! Featuring an open floor plan where kitchen, dining and living spaces integrate into one large space. This home is ideal for entertaining! Luxurious finishes throughout, upgrades galore! Nestled in a gated community, this pristine home has it all! Gourmet kitchen is a modern chef's delight, complete with oversized island and breakfast bar, granite countertops, stainless steel appliances, GAS range, and walk-in pantry! OWNED Solar Panels! Whole house water softener plus R/O system for kitchen & refrigerator ice maker! Grand master suite offers a spa-like retreat featuring dual vanities and an oversized walk-in shower with teak wood flooring and bench. Step outside to a feeling of being in a secluded tropical island with a beautiful backyard oasis! Large putting green, new hot tub, lighted Pergola, surrounded by a ''tropical island privacy wall''! 2.25% VA mortgage assumable for qualified buyers! Features: *SOLAR power (OWNED) *Soft water and R/O systems *Refrigerator, Gas stove, microwave and washer/dryer included *Tankless water heater *New Hot Tub *Lighted Pergola *Tropical Island privacy wall *Pre-wired for surround sound in living room, flex room and patio

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