Celebrities use mortgages to build wealth — and you can, too
Being wealthy means never having to think about making mortgage payments ever again, right?
Well, it turns out even the rich and famous use a little financing, sometimes. The only difference is that for them, it’s a choice.
Taking out a mortgage can be a smart financial move, even if you have the cash to buy a home outright. And that’s doubly true today, when mortgage rates are at all-time lows — with 30-year fixed-rate loans averaging just 2.72%.
The examples of a few celebrity borrowers show how…