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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4339 E Wickersham Road Hereford, AZ 85615

$510,000
4 Beds
3.5 Baths
2,877 SqFt
Status Active
MLS # 6694962
Property Type Single Family Residence
Price Type --
Explore this charming Spanish custom-style home nestled by Coronado National Forest. Enjoy scenic views, tranquility, and paved road access. Features mature trees, fenced backyard, nature trails nearby. Saltillo tile, carpeted bedrooms, separate dining, living areas, large kitchen with custom cabinets. Front porch, two back patio areas, 4 bedrooms, 3.5 bathrooms, potential for 5th. The main floor has 2 bedrooms and 2 baths. Upstairs primary bedroom with mini-split AC, walk-in closet, luxurious bath. TV/games room with custom bar, upper viewing deck. Central air/heat, mini-splits in every room upstairs. 2-car garage, custom tool shed, rain harvesting tank, energy-efficient windows. Nearly an acre of land, minutes from Highway 92 and Sierra Vista. Don't miss out!

2059 E Adobe Street Mesa, AZ 85213

$510,000
3 Beds
3 Baths
1,620 SqFt
Status Active
MLS # 6693344
Property Type Single Family Residence
Price Type --
Complete remodel! 3 Bed 3 bathroom home in Mesa Arizona. This lovely property features a 2-car garage, a convenient RV gate, tasteful stone accents, and a welcoming porch with charming trellis. Discover a lovely living room with vaulted ceilings, a neutral palette, and wood-look flooring. Enjoy the great room with stone-clad fireplace for cozy evenings. The kitchen comes with quartz counters, pristine white shaker cabinets, black stainless steel appliances, and a peninsula with a breakfast bar for casual dining. The master bedroom offers plush carpeting, sliding door access to the backyard, walk-in closet, and private bathroom. Venture outside to the backyard that boasts a big covered patio and a perfect canvas for your dream oasis, offering endless potential for personalized landscaping.

39312 N Jay Circle San Tan Valley, AZ 85140

$510,000
5 Beds
3 Baths
2,856 SqFt
Status Active
MLS # 6693266
Property Type Single Family Residence
Price Type --
This is your chance to own this lovely 5-bedroom home in Pecan Creek! The 2-car garage and manicured front yard is just the beginning. Discover an inviting interior displaying wood-look flooring, neutral palette throughout, and sliding glass doors opening to the back patio. The kitchen features SS appliances, recessed lighting, white cabinets with crown moldings, tile backsplash, granite counters, a walk-in pantry, and an island with a breakfast bar. The fully carpeted loft with built-in desks offers endless possibilities! The main suite boasts a private bathroom complete with granite dual sinks and a walk-in closet. All new windows and slider in 2020! Enjoy relaxing in the spacious backyard showcasing a full-length covered patio and endless blue skies! Act now!

6944 E Gary Circle Mesa, AZ 85207

$510,000
3 Beds
2 Baths
1,484 SqFt
Status Active
MLS # 6693836
Property Type Single Family Residence
Price Type --
New Roof / Over-Sized Lot / Large Parcel / NO HOA / 2 Car Garage / 3 Bedroom / 2 Bathroom / Block Wall Backyard / Huge Covered Backyard Patio / North East area of City of Mesa / Surrounded by sensational Public Elementary, Junior High and High Schools, Public Library, Multi-Generational Recreation Facilities, Soccer Fields, Baseball Fields, Softball Fields, Public Park with an Urban Lake for Fishing or Wild-Life Observation / Restaurants / Grocery Stores / Under 30 minutes to Airport / Under 10 minutes to Freeway ... Fantastic Buying Opportunity

36754 N Alderney Court San Tan Valley, AZ 85143

$510,000
3 Beds
2.5 Baths
2,048 SqFt
Status Active
MLS # 6695359
Property Type Single Family Residence
Price Type --
Step into a realm of refined living within the gated haven of a meticulously designed community, where every corner beckons with charm and elegance. This sanctuary boasts an array of amenities tailored to elevate your lifestyle, from lush parks and expansive grassy areas to inviting playgrounds that inspire outdoor adventures. As you cross the threshold of this exquisite abode, you're greeted by a symphony of space and style. A seamless fusion of form and function awaits, with 3 bedrooms and 2.5 baths sprawled across 2,048 sqft of meticulously crafted living space. The heart of the home beckons with a chef's kitchen, replete with luxurious upgrades including cabinet hardware, quartz countertops, and an expansive island, all set against the backdrop of crown-molded elegance. click cont... Seamlessly entertain in the open-concept kitchen and family room, where warmth and sophistication intertwine with the allure of wood tile plank flooring. Discover the perfect retreat within the confines of a versatile bonus room, offering boundless possibilities as a dedicated home office or cozy den. Your convenience is assured with a 2-car garage providing ample space for vehicles and storage needs. Luxuriate in the assurance of purified water courtesy of a water softener and carbon filtration system, complemented by the convenience of reverse osmosis for pristine hydration. Delight in the subtleties of comfort and efficiency with tinted windows, a discreet touch that enhances both aesthetics and functionality. Step outside into your own private oasis, where a meticulously landscaped backyard awaits, adorned with artificial turf, an extended paver patio, and a charming putting green. Revel in the seclusion of a cul-de-sac location, offering tranquility and privacy. Retreat to the sanctuary of the primary bedroom and indulge in the spacious confines of an oversized primary bathroom, a private haven designed for rejuvenation and relaxation. With a coveted split floorplan ensuring privacy and comfort, this exceptional residence embodies the epitome of luxury living, offering a timeless blend of sophistication and serenity. Finally, yet significantly, the property boasts proximity to two iconic destinations in Queen Creek. Notably, it is conveniently situated within walking distance of The Olive Mill, a beloved landmark; Arizona's only working olive farm and mill, visitors can tour the farm, learn about olive oil production, and shop for locally made olive products. The family-owned farm also features an Italian-inspired eatery and an in-house roastery, Superstition Coffee, offering a complete agritourism experience. Additionally, the property is conveniently positioned near the renowned Schnepf Farms, adding to its allure and appeal it's a prominent destination on Arizona's Fresh Foodie Trail, offers diverse agritourism experiences including U-Pick Gardens featuring over 20 pesticide-free fruits and vegetables, a Country Store & Bakery offering fresh farm-to-table treats, seasonal events like the Pumpkin & Chili Party and Christmas at Schnepf Farms, and an Agritainment Park with over 25 rides and attractions. Visitors can enjoy historical re-enactments, car shows, craft fairs, and indulge in peach-infused items while immersing in the farm's rich heritage and celebrating agricultural traditions throughout the year.

32034 N Larkspur Drive San Tan Valley, AZ 85143

$510,000
2 Beds
2 Baths
1,765 SqFt
Status Active
MLS # 6695274
Property Type Single Family Residence
Price Type --
Move right in and start living the good life! This meticulously maintained single-story home in the desirable gated Solera Adult Community. Nestled on a peaceful cul-de-sac corner lot, this home boasts stunning mountain views you can enjoy from your cozy front porch. Step inside and be greeted by a bright and open floorplan featuring high ceilings, plantation shutters, ceilings fans, and beautiful Hickory wood-plank and tile flooring throughout. The heart of the home is a gourmet kitchen sure to inspire your inner chef. Featuring ample granite counter space, and backsplash, a walk-in pantry, and top-of-the-line stainless steel appliances, this kitchen is a dream for entertaining. The large island with a breakfast bar offers the perfect spot for casual meals or catching up with friends. Unwind after a day of activities by the gas firepit, taking in the breathtaking mountain sunsets. The tranquil backyard, complete with a covered patio, extended patio, and fire pit, is an oasis for relaxation. This exceptional home has it all! Don't miss your chance to live in this vibrant adult community and enjoy all it has to offer. Welcome to Solera at Johnson Ranch! Solera at Johnson Ranch is located in San Tan Valley, 40 miles southeast of Phoenix. This active adult 727 home neighborhood is set within the Johnson Ranch master community. Residents of Solera enjoy exclusive use of age-restricted facilities within a gated neighborhood as well as unrestricted access to the amenities of the master community, Johnson Ranch. Del Webb, a division of Pulte Homes, constructed Solera at Johnson Ranch between 2004 and 2008. Solera at Johnson Ranch for active adults is separated from the larger Johnson Ranch master planned community by a series of foothills and the Golf Club at Johnson Ranch. Solera has its own gated entry, providing a dramatic sense of arrival for residents. What's more, because it surrounds the San Tan mountain foothills, Solera has many attractive homes, including those lining the golf course, hugging the hillsides or nestled in quiet cul-de-sacs. And while Solera looks and feels like a world apart, there are in fact many conveniences both included within the development and conveniently close by: The gated Solera neighborhood has a private 10,000 square foot clubhouse featuring a fitness center, outdoor pool, billiard room, card room, library, kitchen, community offices, general purpose room that hosts many resident activities, and bocce ball court. The Johnson Ranch master community has outdoor pools, tennis courts, pickle ball court, pitch and putt golf course, frisbee golf course, catch and release pond, softball and soccer fields which are all available to Solera residents. The Golf Course at Johnson Ranch, which is bounded by both the master community and Solera, provides a magnificent 18 hole, 7,141 yard par-72 course. This beautiful public course winds throughout the community and offers breathtaking views of the nearby San Tan Mountains. Consisting of over 10,000 acres, San Tan Regional Park is a fine example of the lower Sonoran Desert. The vegetation changes from creosote flats to a dense saguaro forest. Various types of wildlife may be observed, including reptiles, birds, and mammals. The park contains miles of hiking, biking, and horseback trails and is about four miles from Solera. Queen Creek Marketplace, a regional shopping center, offers several venues for shopping, including Super Target, Kohl's, Bed, Bath & Beyond. Cost Plus World Market, Stein Mart, and more. Other stores in the area include PetSmart, Staples, Petco, Wal-Mart, Paradise Bakery, and the Olive Mill, a local favorite. San Tan Valley is perfect for people who love outdoor activities. The area is home to an additional four golf courses. The San Tan Valley region is within an hour's drive of Phoenix and two hours from Tucson, which puts residents a short drive from cultural amenities, major sports venues, and many other popular attractions. The rural lifestyle awaits you in one of the shining secrets of Arizona. The Phoenix area offers residents over 330 sunny, beautiful days each year and a stunning climate. With the great climate and the welcoming neighbors, it's no wonder why so many relocate to the southeast valley in attempt to try out small town life. San Tan Valley is home to nearly 80,000 residents that appreciate the benefits of small town living. The area offers a low crime rate and a high quality of living that includes plenty of health benefits through the high air quality and the care that is taken to improve the area for the residents and their well being. For more information about Solera at Johnson Ranch please visit soleroatjohnsonranch (dot) net

7215 E Orion Street Mesa, AZ 85207

$510,000
3 Beds
2.5 Baths
1,700 SqFt
Status Active
MLS # 6698461
Property Type Single Family Residence
Price Type --
Welcome to your dream oasis nestled within a prestigious gated community boasting breathtaking mountain vistas! This impeccable 3-bedroom, 2.5-bathroom home offers an inviting ambiance with neutral paint tones, airy spaces, and tall ceilings accentuating the expansive great room and large living area. The generously sized bedrooms provide ample comfort, while the well-appointed kitchen delights with abundant cabinets and countertops for effortless organization. Situated near the esteemed Las Sendas community, residents enjoy convenient access to a plethora of amenities including a refreshing pool and the added security of a gated environment. Experience unparalleled serenity and sophistication in this prime location, where every detail promises the epitome of luxury living.

10869 N 81st Avenue Peoria, AZ 85345

$510,000
3 Beds
2 Baths
1,833 SqFt
Status Active
MLS # 6697739
Property Type Single Family Residence
Price Type --
BRAND NEW HOME. Excellent opportunity to own this beautiful brand new 3 bedroom 2 bath house, 2 car garage, RV Gate, Granite counter tops. Home sits on a 10,338 Square foot lot with NO HOA. Do not miss this Great Opportunity.

2258 S Agnes Lane Gilbert, AZ 85295

$510,000
3 Beds
2 Baths
1,618 SqFt
Status Active
MLS # 6698109
Property Type Single Family Residence
Price Type --
More information to come soon!! Don't miss out on this gorgeous property! The neighborhood offers 2 parks, a playground and a heated pool!

4525 N 22nd Street Phoenix, AZ 85016

$510,000
3 Beds
2.5 Baths
1,596 SqFt
Status Active
MLS # 6700210
Property Type Apartment
Price Type --
RARE FIND! Spacious corner unit outfitted with 3 bedrooms, 3 balconies, and 2 garage parking spaces! High ceilings, plentiful windows, exposed ducts, and a modern aesthetic give this place an industrial, edgy vibe. Luxuries of spacious rooms, en suite baths, and open concept make everyday living super comfortable. Located near the Valley's best pizza, coffee, dining, shopping, mountain trails, and the beloved Trader Joe's. La Brezza is one of the Biltmore area's best-kept secrets. It's quaint, with only 24 units, yet all the amenities of larger communities: pool, jacuzzi, gym, outdoor dining, grills, gated parking, and a charming courtyard.

4131 E Hallihan Drive Cave Creek, AZ 85331

$510,000
3 Beds
2.5 Baths
1,418 SqFt
Status Active
MLS # 6699016
Property Type Single Family Residence
Price Type --
Charming 3 Bedroom 2.5 bath has it all: location, freshly painted interior, brand new carpet, high quality 12 mil LPV bathroom flooring, a new vanity with new shower and vanity hardware in adjourning room bathroom, new garage door opener and an updated backyard. The backyard has new pavers, gravel, and beautiful low maintenance plants that will benefit from a new drip system . This home offers an open space to the east of the property for more privacy. Grocery and dining options are within walking distance via a path directly from the community or a short drive. Quick access to the 101 Freeway. This home is between Desert Ridge and the vibrant town of Cave Creek. Love to hike or bike ride, trails are remarkably close along with miles of open desert space. Desert Willow Park is close by!

31827 N Red Rock Trail San Tan Valley, AZ 85143

$510,000
4 Beds
2.5 Baths
2,660 SqFt
Status Active
MLS # 6694500
Property Type Single Family Residence
Price Type --
Stunning 4 bdrm home on extra-large lot with sparkling pool and private backyard! This home has it all... tons of space to spread out with 3 living areas, 4 bdrms AND an office. New upgraded Samsung kitchen appliances, new flooring, hardware, and more... see below for full list of upgrades. Backyard is an oasis with beautiful vegetation, solar lighting, spacious back patio, sparkling pool, AND private yard. Plus room for all your cars and toys... Large side yard for RV/boat parking with double RV gate (yes HOA allows RVs!), and 3 car garage! UPGRADES: New LPV flooring; All new smart Samsung appliances, including stove with convection and air fryer, microwave, & dishwasher; Plantation Shutters; New door hardware and hinges; Repainted inside of house, all doors and ceilings professionally painted including back of house (stucco), repaired and painted the patio ceiling; Pull-out shelving in kitchen cabinets; Brand new toilets in all bathrooms; Solar lights in backyard

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