LOS ANGELES, CALIFORNIA - MARCH 27: Jennifer Lopez and Ben Affleck attend Amazon Studios' World Premiere Of "AIR" at Regency Village Theatre on March 27, 2023 in Los Angeles, California. (Photo by Jon Kopaloff/Getty Images)
Jennifer Lopez and Ben Affleck have taken out a $20 million mortgage for their $61 million Beverly Hills mansion. They appeared to have originally bought the property in cash.
According to reports, they took out the mortgage from JPMorgan. The rate of interest will be at 5.5 for the first six years, with November 2033 being set as the date when the principal and interest total will begin to be paid down. The couple reportedly searched for a home for almost a year after getting married in 2022.
Known as the “Wallingford Estate,” the 46,000 square-foot mansion has 12 bedrooms and 24 bathrooms. The purchase was executed via a trust fund connected to their business managers. Several observers have described the mortgage as a smart move on the couple’s part.
The couple previously resided at Lopez’s Bel-Air California home, which she is looking to sell for $42.5 million. Affleck recently sold his mansion for around $30 million, they’ve been living together by renting a $60 million home owned by Australian billionaire James Packer.
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