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The “Dream House”, located in Beverly Hills in California, USA, was purchased with a 30-year mortgage by popular artists Jennifer Lopez and Ben Affleck. The mansion, called the “Wallingford Estate”, cost the couple 61 million USD, reports MIR 24 with reference to The Sun.
Lopez and Affleck's new home has 12 bedrooms, 15 fireplaces and 24 bathrooms. It also has a gym, wine cellar and swimming pool. The building is adjacent to a parking lot with 92 parking spaces.
The couple initially planned to pay the entire amount for the mansion in cash, but later changed their minds, paying two-thirds of the cost of the house as a down payment, and taking out 20 million USD in the form of a mortgage loan. According to the terms of the agreement with the bank, the interest rate on the house will be 5,5% for the first six years. Artists will begin paying principal and interest in November 2033.
American financiers considered this decision appropriate. Among wealthy people in the United States, this tactic is common to obtain tax benefits, the source notes.