How Will Having a New President Impact Your Mortgage? Let’s Take a Look

How Will Having a New President Impact Your Mortgage? Let's Take a LookThere is always uncertainty in the market in an election year, but many people are wondering exactly what kind of impact Donald Trump’s election will have on their mortgage and the real estate options available. Whether you are still paying off your home or have been shopping around for the right one, here are some possibilities for the real estate market following the results of the 2016 election.

An Increase In Luxury Properties

With the release of Donald Trump’s tax plan which provides the most sizeable tax cuts to the wealthy, it could be the case that there will be an increase in the demand for high-end properties which may lead to less availability and a higher price point. As this kind of demand could also work to bump up the median price of real estate in urban areas, it could have an adverse impact on low-income earners who may see themselves priced out of a more expensive market.

Rising Mortgage Rates

Most people that have been perusing the market recently have heard about the low interest rates that make purchasing a home a good financial decision. However, following the uncertainty of the election, interest rates are on the rise. While the sense of instability may persist until potential homebuyers know more, this boost in the rates since the election may mean that many buyers will decide to hold off until the new year.

A Loosening Of Regulations

The concept of the cost involved in regulation was something that Donald Trump brought up many times on the campaign trail, and this could be a sign that he is ready to make adjustments when it comes to housing regulations. While there may be little he can do at the local level, if regulation changes take hold, this could mean more loan opportunities for those with a poor credit history who may not have been a shoe-in for a mortgage previously.

With the fluctuations of the market dependent upon a variety of factors, it’s hard to say what will occur in the mortgage market in the next few months and years. However, with mortgage rates on the rise and the potential change in regulations, it could continue to fluctuate until there is more certainty on the horizon.

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4825 E Roadrunner Road Paradise Valley, AZ 85253

$7,890,000
6 Beds
7.5 Baths
8,979 SqFt
Status Active
MLS # 5974161
Property Type Single Family - Detached
Price Type --
RECENTLY- COMPLETED NEW CONSTRUCTION! Beautiful European-style estate with contemporary custom finishes. Unmatched attention to detail with consistent unique, high-quality materials used throughout! The magical setting overlooks the Paradise Valley Country Club golf course and has dramatic views of Camelback mountain and Mummy mountain. Built as a ''labor of love'' by The Elegant Group, a Canadian construction company. With 8,979 livable square feet (per architect) this estate features 6 bedrooms and 7.5 bathrooms. Three-room guest suite could act as a second master suite with private entrance to its own grotto pool, spa and adjacent three-car garage. In addition, two other strategically-placed garages can hold up to 4 cars.

19301 N 100th Way Scottsdale, AZ 85255

$7,850,000
6 Beds
8.5 Baths
9,771 SqFt
Status Active
MLS # 5867377
Property Type Single Family - Detached
Price Type --
Among the most exceptional Horseshoe Canyon Estates in the exclusive North Scottsdale community of Silverleaf. Its elegance offers a traditional style allowing for casual yet elegant living. Charming areas both indoors and outdoors are a category of luxury all on its own. This home offers a rich palette of the finest finishes and unparalleled craftsmanship and signature, world renowned, Nate Berkus Design. In addition to the Romantic master bedroom with fireplace, gorgeous closet with leather floors and master bath with outdoor shower, handsome office with built ins, bath and access to the gorgeous backyard, the main level provides a private guest area with private entry from the guest parking area. The second level provides four en-suite bedrooms and a large game/bonus room.

132 Amado Montosa Road Amado, AZ 85645

$7,750,000
6 Beds
8 Baths
5,800 SqFt
Status Active
MLS # 5872278
Property Type Single Family - Detached
Price Type --
THE 3,787 ACRE MONTOSA CANYON RANCH IS THE PREMIER GENTLEMEN'S RANCH IN ARIZONA. IT IS LOCATED 3O MINUTES SOUTH OF TUCSON IN SANTA CRUZ COUNTY SPREADING OUT ACROSS 627 DEEDED ACRES OF LUSH IRRIGATED PASTURES AND RICH NATIVE GRASSLANDS. THERE ARE ALSO 3,160 ACRES OF STATE LEASED LAND ADJACENT TO THE DEEDED ACREAGE CREATING A RANCH THAT IS SECOND TO NONE. THE RANCH IS SET AMID THE SWEEPING LANDSCAPES OF SOUTHERN ARIZONA BETWEEN GREEN VALLEY AND TUBAC AT IDEAL 3,100-FOOT ELEVATION. WITH THE TOWERING SANTA RITA AND TUMACACORI MOUNTAINS AS ITS BACKDROP, THE RANCH HAS BEEN DEVELOPED TO THE VERY HIGHEST STANDARDS OF QUALITY ARTISAN CRAFTSMANSHIP AS AN EXCEPTIONAL EQUESTRIAN ESTATE. THE MAIN HOUSE, GUEST HOUSE AND SHOW-BARN ARE ALL OF MAGNIFICENT SPANISH COLONIAL DESIGN. THERE ARE (SEE SUPPLEMENT)

7011 N Invergordon Road Paradise Valley, AZ 85253

$7,750,000
4 Beds
8 Baths
9,000 SqFt
Status Active
MLS # 5692450
Property Type Single Family - Detached
Price Type --
They said it could never be builtand it was!! Situated on approximately 7 acres, this 9,000 sf gated estate completed in 2000 was designed by Lash McDaniel and incorporates the preserved ridge-line of Mummy Mountain into a one-of-a-kind architectural build. The famous estate took a five year construction process and fine finishes seen throughout include Red Iron steel construction, plaster walls, polished marble flooring, Santa Fe hand-carved wood, under-lit Onyx countertop, dual guest apartments, negative-edge pool and state-of-the-art home automation and infrastructure. This truly unique Eagle's Nest at Mummy Mountain boasts 270-degree panoramic views of Paradise Valley, Four Peaks, McDowell Mountains and Superstition Mountain. The residence has never been listed before. **click more*

10412 E Robs Camp Road Scottsdale, AZ 85255

$7,750,000
6 Beds
7 Baths
10,975 SqFt
Status Active
MLS # 5937750
Property Type Single Family - Detached
Price Type --
Mediterranean sophistication with modern flair. This iconic Silverleaf estate is nestled mountainside in the prestigious Upper Canyon, boasting southern exposure and both mountain and city views. Fully renovated by Salcito Custom Homes in 2015, this home is one of the finest luxury properties in the Valley. Updated chef's kitchen, detached guest house and grand master suite equipped with an indoor spa, steam room, sauna, exercise area, expansive closet and private patio. Outdoor space includes lush landscaping, negative edge pool and spa, fire pit, and an open entertainment terrace with a built-in BBQ, fireplace, high-top bar and dropdown TV. Indoor theater with a wet bar and wine cellar creates another environment for entertaining both family and friends. Your very own resort-style oasis.

1266 Morning Star Drive Tubac, AZ 85646

$7,500,000
9 Beds
11 Baths
8,886 SqFt
Status Active
MLS # 5358892
Property Type Single Family - Detached
Price Type --
SOUTH MILL RANCH is 1,188 +/- deeded acres of sensational dramatic beauty which boasts of an absolutely magnificent main house, two very attractive guest houses and a stable complex with a hay barn, corrals, pens, picnic ramada, shop, windmill & helipad. The ranch is perfect for a private family or corporate retreat. It is also ideal for a small cow-calf operation. South Mill Ranch borders the San Cayatano Mountains & approximately 10,000 acres of preserve land on the Sonoita Creek State Natural Area & Patagonia Lake State Park to the south and southeast. The mountain views of the Santa Rita's, San Cayetano's & the Grosvenor Hills are astounding in all directions. The climate is excellent year round at 4,100 feet elevation.

7025 N Longlook Road Paradise Valley, AZ 85253

$7,500,000
7 Beds
12 Baths
10,500 SqFt
Status Active
MLS # 5868825
Property Type Single Family - Detached
Price Type --
Jaw dropping sophistication at the top of Clearwater Hills! From the moment you enter up the driveway, you will be blown away with the glamour, elegance and views of this grand estate. A magnificent spiral staircase greets upon entering the front door and your eyes won't be able to look away from the stunning 6' Baccarat crystal chandelier hanging in the entry. Over-sized walnut kitchen island is a perfect contrast to the white marble floors, crisp white cabinetry and viking appliance. The formal dining room boasts incredibly detailed ceilings, an expansive wet bar and curved telescoping doors disappearing into the walls, giving you that seamless indoor/outdoor lifestyle element. The rounded negative edge pool/spa, sunken sitting area, outdoor kitchen and ample grass area is perfect for

10244 E Hualapai Drive Scottsdale, AZ 85255

$7,500,000
7 Beds
7.5 Baths
8,702 SqFt
Status Active
MLS # 5973523
Property Type Single Family - Detached
Price Type --
Sheer splendor and classic elements of design, characterize the eye-catching Mediterranean Salcito custom built home located in Horseshoe Canyon. Formal entry greets you with spectacular mountain views and a rich palette of the finest finishes, designed by interior designer Rebecca Salcito and architect Dale Gardon. Opulent kitchen is flooded with natural light that flows seamlessly to the great room. Captivating Master retreat featuring an inviting sitting room, his and hers closets and intimate patio with stunning mountain views. Exquisite resort-style backyard with lush landscaping, multiple patios, outdoor kitchen and a lavish pool with deck jets.

11125 E Feathersong Lane Scottsdale, AZ 85255

$7,495,000
6 Beds
7.5 Baths
10,634 SqFt
Status Active
MLS # 5827163
Property Type Single Family - Detached
Price Type --
This meticulous Mediterranean estate located in the Upper Canyon of the exclusive Silverleaf community offers unparalleled city light views and breathtaking sunsets. A distinctive collaboration between PHX Architecture and Calvis Wyant Custom Homes, with an unrivaled sophistication of finishes and attention to detail this home remains true to its timeless architecture. Highlights of this gorgeous estate are: a grand living room with vaulted beam ceilings, gourmet kitchen, a spacious family room with stone fireplace, bar and wine cellar, master retreat with cozy sitting room; His and Hers along with theater room and second staircase are just part of the impressive spaces of this home. The large casita includes living room, kitchenette and bedroom. Schedule a private tour today!

23035 N Church Road Scottsdale, AZ 85255

$7,299,000
7 Beds
10 Baths
12,500 SqFt
Status Active
MLS # 5617332
Property Type Single Family - Detached
Price Type --
A Private 8 plus acre North Scottsdale Estate! Extremely discreet to include every imaginable custom detail desired. Exquisitely appointed with light fixtures, vanities, mirrors, wine room, game room, library with floor-to-ceiling bookcases, custom office, an unbelievable 40-seat theater room w/stage area, sound board room, soda station and wet bar viewing area! Pro Athletes paradise, enjoy its complete Gym facilities, Sport Court, Putting Green, Olympic Pool, weight room, lockers, steam shower. Relax indoors or out, watch a game or your own indoor or outdoor Oversized Cinema Screen, multiple Sit-down bars and lounge space. Impeccably manicured grounds with waterfalls, a pond, oversized pool, fire pits and tennis court. Car aficionado's dream. See more & MOTION VIDEO!

27615 N 150th Street Scottsdale, AZ 85262

$7,200,000
6 Beds
5.5 Baths
5,980 SqFt
Status Active
MLS # 5848410
Property Type Single Family - Detached
Price Type --
RARE FIND! Spectacular privately nestled ranch headquarters on ~40 acres with custom home; two casitas, negative edge pool plus large kiva play pool/hot tub. The home is exquisitely tailored with Douglas Fir interior beams, a historic Tamarack mantel and Saltillo tile throughout. Easy access from both 150th and 152nd streets. Private well, excellent water with unique opportunity for both equine/cattle use. New roof! Hurd windows. Carport for 6 vehicles. MD Barn office 2bd/1.5ba. Full size arena, 6 corrals, MD barn-5 stall horse and tack room with large additional air-conditioned storage, work facility. Large truck port for semi & trailers, 2 RV hookups. This parcel and home (6.4 acres) is offered in conjunction with APN 219-39-235, the 32.4 acre sanctuary surrounding the home.

13950 E Bighorn Parkway Fountain Hills, AZ 85268

$7,000,000
5 Beds
7 Baths
10,480 SqFt
Status Active
MLS # 5898205
Property Type Single Family - Detached
Price Type --
Striking 11 Million Dollars in creating this Hilltop contemporary residence on 4+ acres within the beloved guard-gated community of Eagles Nest. 2016-built with visionary timeless design to capture soul-stirring views and to blend indoor/outdoor living through 16' floor-to-ceiling retractable walls of glass. Compelling finishes from basalt floors to Brazilian teak ceilings. Main living level includes spacious living areas, a Balthaup kitchen with Wolf appliance package, owner's retreat, study, 2 guest suites and a bonus room. On the lower level, secondary kitchen, living area and 2 additional suites perfect for hosting guests.Outdoors, enjoy generous patio space, kitchen, one-of-a-kind infinity-edge pool and spa. Rooftop view deck, gym, abundant yard, storage motor court and 4 car garage.

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