Paris Hilton withdrew a mortgage on the $ 63 million manor she bought in Mark Wahlberg

Hilton, whose vast wealth comes from 19 ranges of products, real estate, media and entertainment, brand partnerships and its reality show, Simple life, Recently bought the former domain of actor Mark Wahlberg in Beverly Hills for $ 63 million.

But what was not reported at the time is that Hilton and her entrepreneurial husband, Carter Reum, would have withdrawn a mortgage at home, which might seem an unusual decision for the heiress of the 44 -year -old hotel. And what is apparently even strange is that they would have taken out the loan after having already bought the house of 12 beds and 20 bathrooms, which shows a mortgage of $ 43.75 million with JPMorgan Chase at an interest rate of 5.25%.

But this type of arrangement is not as rare as it may seem, say real estate experts.

“It surprises a lot of people, but it is actually quite common for the mega -riche to take out mortgages – even when they could write a check for the full purchase price,” said Evan Harlow, real estate agent at Maui Elite Property, said Fortune.

In fact, public archives show ultra-diasteal celebrities, including Beyoncé, Jay-Z, Elon Musk and even Mark Zuckerberg, funded their homes.

“The point to remember for the average buyer cannot imitate their precise approach, but to understand the principle,” said Harlow. “Sometimes the most intelligent financial decision does not reimburse everything, but keep your money flexible and work for you.”

Why ultrawealthy mortgage loans

Although it may seem counterattack to withdraw a mortgage from the current market, where rates still oscillate in the fork of 6%, it can actually be an informed decision for ultra-new individuals.

In fact, just because someone has the clear value to buy a house, that “does not mean that this is how they want to allocate their money,” said Miltiadis Kastanis, luxury sales director for Compass, based in southern Florida, Fortune.

“Ultra-net individuals do not think differently of liquidity and leverage; They prefer that their money work for them in investments, businesses or even art, rather than binding everything in a property, “said Kastanis, who has represented high -level celebrities in real estate transactions.

In other words, the use of a mortgage makes it possible to release capital for high -performance investments or commercial companies, according to Harlow. He used the example of one of its customers, the owner of a successful technological company, who recently bought a 3 million dollars property and decided on a Jumbo loan. The customer did not have to do so, but he wanted to keep his money on the market, where his portfolio, long-term, won annualized yields above the mortgage rate.

“For him, the purchase of a house with money looked like” simply parking money in the aisle “, instead of putting it to work,” said Harlow.

Harlow and Kastanis also said that ultra-net individuals did not see mortgages differently from others. People like Hilton consider it more as a tool instead of a burden.

“For many rich buyers, a mortgage is only another lever that they can provide their global wealth strategy,” said Kastanis. “They play chess, not the ladies.”

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