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SHOULD YOU
ACCELERATE YO U R M O R T G AT E R E PAY M E N T ?
Making extra payments can produce savings, but do the math
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ALEX VEIGA ASSOCIATED PRESS
t’s a strategy that crosses the mind of many borrowers when they take on a home loan: Make an extra mortgage payment or two every year and save tens of thousands of dollars in interest. The move can shave off costs for a home loan and ensure it’s paid off faster. Even one additional payment a year can translate into big savings. On a $250,000, 30-year mortgage with a fixed rate of 4 percent, making an extra payment every year would save the homeowner roughly $27,724 over the life of the loan. It would also cut the amount of time to pay back the loan by four years and one month. See PAYMENTS, Page 3R
CATHERINE REAGOR REAL ESTATE
Golf courses no longer scoring well with homebuyers Buying a home near a golf course used to be part of the American dream in metro Phoenix. Developers built communities like Desert Mountain in north Scottsdale, Ocotillo in Chandler and the Sun Cities in the West Valley around golf courses. And buyers lined up and paid premi-
ums to be near those links. But golf courses aren’t the draw they were 20 years ago. Golf ranked behind only elevators for the “most unwanted� amenities for a new home, according to the latest survey on what buyers want from the National Association of Home Builders.
As a result, now, instead of building courses, developers are trying to tear them down in the Valley. Builders want to turn an Ahwatukee golf course that closed in 2013 into new houses, a school and a community farm. The last two are much more popular amenities with homebuyers now.
Some neighbors of the closed course are less than thrilled about the plan because whether you golf or not, a course is open space. See REAGOR, Page 3R
Luxury Retirement Community for Active Adults Over 62 Come And Experience p The Hospitality! p y
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For more information, seee our ad inside!
LUXURY RETIREMENT COMMUNITY OF SUN CITY
623-933-1313 • www.wooddalevillage.com • Visit us on: $5
SCOTTSDALE | 5233 East Larkspur Drive | Open Today 1–4PM
LUXURY IN SUNBURST FARMS. Extravagant finishes MLS# - 5483120 throughout this 2002 rebuilt custom home in the Magic 85254 Zip Bedrooms - 5 Code. The oversized .88 ACRE lot has horse privileges and garage Bathrooms - 4 parking for seven cars. Knotty Alder woods, soaring ceilings, Pool - Yes surround sound, rich hardwood, oversized tile and magnificent windows throughout. Beautiful stone-wrapped island in the fiveSq. Ft. - 3,668 star kitchen. Magnificent family room with fireplace. King-sized Garage Parking - For 7 cars master with lavish bath. The expansive park-like yard is beautiful. Lot Size - 38,174 sq. ft. A spa spills over into the beach-entry pool. Endless green grass ZIP Code - 85254 and fire pit. Accessible from the bridle path, the incredible 1,350SF workshop with A/C, kitchen and bath has room for four cars. RV Online Pics - ThoseCallaways.com gate/parking. – Joseph Callaway Price - $999,900
Brought to you by Those Callaways Luxury Circle International (480) 596-5751
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PARADISE VALLEY | 7327 North Black Rock Trail | Open Today 1-5PM
MAGNIFICENT MOVE-IN-READY JEWEL IN MLS# - 5438489 CLEARWATER HILLS. Remodeled to exquisite perfection, Bedrooms - 5 this magnificently restored Spanish Colonial is nestled inside the exclusive guard-gated community of Clearwater Hills. Ultra-pristine, Bathrooms - 5.5 Pool - Yes absolutely like-new; not lived-in since updates completed. Majestic views of Phoenix Mountains, Camelback Mountain. Dramatic living Sq. Ft. - 6,259 room w/beamed-vaulted ceiling, brick-backed fireplace. Cascading ZIP Code - 85253 archways frame galleria corridor. Swinging bookcase reveals hideaway cantina. Sleek/chic, very modern kitchen. Wine cellar w/ Online Pics - BaldwinTeam.com Price - $2,850,000 tasting area. Sumptuous master retreat. Towering palm trees, elegant pool, huge lush lawns, bocce ball court. Lovely guest house. Visit tourfactory.com/1560426. Inside: details, directions.
Brought to you by Sandra Baldwin, Launch Real Estate
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