The Major Keys to Understanding When It’s Time to Refinance Your Mortgage

As a homeowner, you may have heard the term re-financing without being aware of exactly what it means, but there are a lot of pros and cons associated with what it can do for your financial situation. While getting a different new loan for your mortgage can be a good financial decision in certain situations, here are some things you should consider before you decide that this is the right choice for you.

Getting A Lower Rate

One of the main reasons that re-financing can be a popular option for many homeowners is that it can provide the opportunity for considerable money savings. Since you will be acquiring a new loan with a lower interest rate, this will be an opportunity to reduce your monthly payments, increase your equity at a faster rate and invest the extra funds into something else. While a lower rate can definitely mean money savings, it’s important to consult with a mortgage professional so you’re aware of any associated fees and can make a decision that will be financially beneficial.

Consolidating Your Debt

It is often the case that people will choose to refinance their mortgage with a lower-interest rate in the hopes of paying off the debt they’ve accumulated, but with the cost of refinancing this is not necessarily the best financial decision. While consolidating debt can be great if you go into it with a budget that you plan on sticking too, if you’re leaning too much on the idea of a lower interest rate meaning instant savings, it may be a good idea to take a look at the numbers.

Investing In Your Home

For many people, re-financing their mortgage is a good opportunity to renovate their home and increase its value. However, while renovating your home can be a good idea for resale, there are many home renovations that will not necessarily increase the value of your home and make up for the amount you’ve invested. If you’re making forward-thinking renovations, refinancing is one thing, but ensure you’ve seriously considered what will add value.

There can be a number of financial benefits when it comes to refinancing your mortgage, but it’s important to work out your tentative budget and crunch the numbers before you make a final decision. If you’re currently looking into re-financing your home and are curious about what it entails, give me a call for more information – J.P. Cook – 602-320-4253.

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21422 W Almeria Road Buckeye, AZ 85396

Open House

$499,000

3 Beds

2.5 Baths

2,246 SqFt

Status Active

MLS # 6674940

Property Type Single Family Residence

Price Type --

Welcome Home to this beautifully upgraded single level! Nicely upgraded kitchen with upgraded maple cabinetry ($20k), quartz counter-tops, upgraded appliances and island open to large Great Room with wood flooring & cozy fireplace. 3 bedrooms PLUS a Den/Study with built-in desks. 2.5 baths. Luxury Owner's bath with dual vanities, soaking tub, separate shower and spacious walk-in closet. Backyard features covered patio, extended brick pavers, lighted pergola and shed for lots of extra storage. 3 car split garage, both with epoxy floors. The double garage is extended length plus oversize garage door. Water softener & R/O system included. --- Can be available furnished if buyer wants. --- Sienna Hills next to Verrado. Community Pool. Fitness Center. Parks / playgrounds. Walking trails.

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35789 N Zinc Drive San Tan Valley, AZ 85144

$498,995

4 Beds

3 Baths

1,991 SqFt

Status Active

MLS # 6686649

Property Type Single Family Residence

Price Type --

This home is single-level living at its finest. The open-concept kitchen provides connectivity to the main living area with prime access to the outdoor patio. Flex space on the first floor could be used as an office or a yoga room—the possibilities are endless. Designer finishes in this home include marble kitchen countertops, tiled primary bathroom, and upgraded flooring. Pristine walking and biking trails showcase everything this community has to offer.

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15595 W Roanoke Avenue Goodyear, AZ 85395

$498,950

2 Beds

2 Baths

1,590 SqFt

Status Active

MLS # 6659735

Property Type Single Family Residence

Price Type --

Do you love field of dreams, is Softball your sport? You will LOVE this Corner Oakmount model with owned Solar! This stunning home boasts a view of the softball field and is loaded with upgrades for modern living. Escape rising energy costs with a newer owned solar system ($26k value). Relax in your fenced backyard with new artificial turf, a covered patio with an outdoor bar, and a beverage fridge. The newly expanded and remodeled 2.5-car garage (over $50k value) offers ample space for your golf cart. Inside, find a dream kitchen featuring newer cabinets, beautiful countertops, and stainless steel appliances. Upgraded bathrooms and newer tile floors in the bedrooms and bathrooms complete the picture. Enjoy outdoor living at its finest in the Pebble Creek! Please note: The new Garage addition adds 127 square feet. Now it is a 2 1/2 garage with an oversized garage door! You will be shocked by the low APS bill from the OWNED SOLAR! The backyard is perfect for entertaining, enjoy a wine fridge and a beverage fridge while watching a softball game! Beyond 54 holes of championship golf, Pebble Creek Golf Resort delivers the ultimate 55+ active lifestyle oasis in Arizona. Imagine stepping out your door to: Unleash your inner athlete: Challenge yourself on over 40 pickleball and tennis courts, conquer a workout at 2 fitness centers, or find inner peace in the fitness studio. Dive into leisure: Take a refreshing dip in one of 3 outdoor pools or the sparkling indoor pool, catch a captivating show in the theatre, or unleash your creativity at the art center. Fuel your mind: Browse your favorite reads in the well-stocked libraries, engage in enriching classes, or connect with like-minded neighbors in this vibrant community. Live the vibrant life you deserve at Pebble Creek. Every day is an adventure, filled with endless possibilities just steps from your doorstep. Make your move today and start living your best life in Arizona's premier 55+ resort-style community! Don't miss your chance to experience the PebbleCreek lifestyle!

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15788 W Mariposa Grande Avenue Surprise, AZ 85387

$498,900

3 Beds

2.5 Baths

2,165 SqFt

Status Active

MLS # 6701635

Property Type Single Family Residence

Price Type --

Resort Style Living in Escalante! This single level 2165 SF 3BR, 2.5 BA, 3 car garage will be located near the main park with Aquatic Center. Surrounded by single level homes, no 2 stories. Exciting Included Features, Like Open Great Room, Granite Kitchen tops, 10' ceilings, 8' interior doors, 3 car Garage, Paver Driveways, Tank less Water Heater, Front Yard landscaping Certificate, and so much more. Neighborhood includes, 8 park Areas, Tree Lined Streets, Certified Energy Star and Indoor Air Plus for more energy savings. THIS HOME IS TO BE BUILT. Floor plan under documents tab.

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17754 N Kari Lane Maricopa, AZ 85139

$498,900

4 Beds

2.5 Baths

2,617 SqFt

Status Active

MLS # 6677020

Property Type Single Family Residence

Price Type --

Welcome home! Step into your own personal paradise in this 4-bedroom, 2.5-bath home with a 4-car garage! Stacked with upgrades and move-in ready. Enjoy the stunning NEW Pool with a travertine deck and beautifully landscaped surroundings( 2022). The kitchen has been upgraded with New Quartz countertops, sinks, hardware and appliances (2023). Stay comfortable year-round with 2 newer HVAC systems featuring Air Scrubbers (2021). Additional updates include new water softener (2022), Water Heater, ceiling fans throughout, security door and new garage doors and openers (2021). Gorgeous plank tile flooring downstairs and an oversized primary suite with breathtaking views and privacy. NO neighbors behind you! With an RV Gate and cement pad for all your toys! Make this dream home yours today!

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19777 N 76th Street Scottsdale, AZ 85255

$498,900

2 Beds

2 Baths

1,148 SqFt

Status Active

MLS # 6589893

Property Type Townhouse

Price Type --

Resort Style Living at its Best! Desired Ground Floor Condo in the Venu at Grayhawk, One Car Garage, #74 and One Extra Space, #404. This Two Bedroom, Two Bath Condo Features Vinyl Wood Plank Flooring Throughout, Large Kitchen with Stainless Steel Appliances, Spacious Living Room with Fireplace and Desert Views, Master Bedroom Suite with Walk in Closet, Inside Laundry w Full Size Washer & Dryer. New AC Unit, New HW Tank, Upgraded Blinds, Lights and Fans. Venu/Edge Amenities: Concierge, Two Fitness Centers, 4 Resort Style Pools, 3 Hot Tubs, 2 Great Rooms, Business Center, WIFI, Gas Grills, Outdoor Fireplaces, Two Clubhouse Game Rooms, Two Movie Theaters, Resident Chef, Monthly Events & More. Buyer to Verify all Material Facts and Measurement

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13747 W Villa Ridge Drive Sun City West, AZ 85375

$498,900

2 Beds

2 Baths

2,283 SqFt

Status Active

MLS # 6611449

Property Type Single Family Residence

Price Type --

This home is perfect for the entertainer in you or if you are just looking for a little more space. This home has updated features throughout. With upgraded lights and fans to the custom window shades in all rooms. Tile floors laid diagonally for that special look. With the large cathedral ceilings and full hookup for surround sound, this open living space is a true joy. A kitchen that boasts granite countertops and all Stainless Steel appliances. Dual ovens which will make putting together that fantastic event much smoother. Master Bedroom has a wonderful bay window for that relaxing space for your favorite book. If you love your outdoor space this home has one covered patio right outside the kitchen for that morning cup of coffee and the back patio which will allow you to enjoy our wonderful winter weather. Brand new cabinets installed in the garage with new epoxy flooring. Home was completely painted on exterior in 2020. If you are a golfer you are a very short walk to Echo Mesa Golf Club. This home is move in ready.

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26033 W Sierra Pinta Drive Buckeye, AZ 85396

$498,900

3 Beds

2.5 Baths

2,669 SqFt

Status Active

MLS # 6665078

Property Type Single Family Residence

Price Type --

*Seller CONCESSIONS!* Welcome to your dream home in the Festival Foothills, where luxury and comfort seamlessly blend in this former builder ''show home.'' This exquisite single-level residence boasts 3 bedrooms, 2.5 baths, an office, a family room, and a den, providing the perfect canvas for a harmonious and versatile living experience. As you approach this meticulously crafted home, you'll be captivated by its stunning curb appeal. Step through the front door into a world of refined living, where every detail has been carefully considered. This home is conveniently located near a school, making it ideal for families. Golf enthusiasts will appreciate the proximity to the nearby golf course, while parks and walking trails provide opportunities for leisurely strolls and outdoor activities.

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20637 N 31st Drive Phoenix, AZ 85027

$498,444

4 Beds

2 Baths

1,488 SqFt

Status Active

MLS # 6686028

Property Type Single Family Residence

Price Type --

Four bedrooms, high ceilings, living room, kitchen counter are granite, neat and clean cabinet. The main bedroom has a bathroom designed with granite and beautiful cream /brown tile. The floor has cream-colored tiles—central heating and cooling system. The electrical bill is reduced by the solar partner program credit with APS. This gorgeous and nearly paradise garden is a rare gem in Deer Valley. The stunning fruit trees in the front and back are pomegranate and mulberry. There are two trees: one makes white mulberries, and the other makes yummy black mulberries. Quince tree brings a lot of fruit in the fall, including peach tree, fig, lemon, kumquat, mandarin, and red bloody orange. On the left side of the backyard is to plant your vegetables. In the front, you have rosemary and oregano The lilies, Bougainville, and roses flower so beautifully in the spring and autumn. The beautiful grass at the back is where your children will enjoy it, and imagine yourself sitting on the porch with a glass of wine, enjoying the waterfall from the fountain, and listening to the chip of the birds. Don't take advantage of this property. It is a rare gem of a bit of forest in the desert.

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9046 W Villa Maria Drive Peoria, AZ 85382

$498,400

4 Beds

2.5 Baths

2,190 SqFt

Status Active

MLS # 6652332

Property Type Single Family Residence

Price Type --

Welcome to this gorgeous home in Star Summit! This well-maintained home offers 4 bedrooms and 2.5 bathrooms in 2,190 sq ft. Plus, the home has been recently remodeled! As you enter the home you will love the wooden rail staircase and soaring ceilings. The kitchen is gorgeous with modern cabinetry, Quartz countertops, stainless steel appliances, a pantry, and a kitchen peninsula with a breakfast bar. The great room is spacious with a ceiling fan and blinds. The primary suite is generous is size with a walk-in closet and an updated ensuite bathroom featuring a huge corner tiled shower and a dual vessel sink vanity. The remaining bedrooms are move-in ready! The covered patio is extended and complete with a ceiling fan! All windows have sunscreens, they are in the garage! Do not miss out on this gorgeous home!

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12738 E De La Cruz Street Dewey, AZ 86327

$498,000

3 Beds

2 Baths

1,694 SqFt

Status Active

MLS # 6691424

Property Type Single Family Residence

Price Type --

Better than new! This stunning Quailwood home is turnkey and ready for you. 3 bedrooms and 2 baths, the Grand Teton model features a light and bright open floorplan. Beautiful cabinets and large kitchen island with granite countertops and stainless-steel appliances. Welcoming living room with attractive gas fireplace. Plank porcelain tile throughout and new upgraded carpet in bedrooms. Spacious primary bedroom with impressive walk in closet. Garage has epoxy flooring and storage cabinets. You will appreciate the instant hot water, and water conditioner. Low maintenance yard with paver patio and pergola for all day outdoor enjoyment. Attractive paver driveway. Enjoy the lifestyle of an affordable golf course community full of amenities like pickle ball, fitness center and tennis.

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2912 Blue Lake Circle Pinetop, AZ 85935

$498,000

3 Beds

2 Baths

1,281 SqFt

Status Active

MLS # 6698097

Property Type Single Family Residence

Price Type --

This one owner Pinetop Lakes cabin has been lovingly cherished by it's family. The woodsy interior feels so warm and inviting the moment you walk through the door. This 3 bedroom/2 bath 1,281 sq. ft. home is ready for you to call it home today. The versatile 3rd bedroom is also a den/study area but many more uses are possible. Sit on the large sun and covered deck and enjoy the sound of the breeze through the tall pine trees on the spacious .40 acre lot. There is a 1 car garage for extra storage too. This cabin comes with Rec Center privileges and a low HOA.

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