Jennifer Lopez And Ben Affleck Take Out $20 Million Mortgage On Mega Mansion Months After Buying It

Highlights

• Ben Affleck and Jennifer Lopez, who recently purchased a $61 million mega-mansion, have taken out a $20 million mortgage on the property after initially paying all-cash.
• The mortgage terms include interest-only payments for the first six years, with principal and interest repayment starting in November 2033.
• The mansion, known as the 'Wallingford Estate,' boasts luxury features such as 12 bedrooms, 24 bathrooms, an indoor sports complex, and parking for 92 cars.

Ben Affleck and Jennifer Lopez secured their mega-mansion after a year of house hunting earlier this year. However, after apparently paying for the lavish estate in all cash, the couple have now taken out a $20 million mortgage on the opulent property.

As per a report by The U.S. Sun, the couple secured a substantial $20 million mortgage from JPMorgan Chase Bank on August 31st, after initially paying all-cash for the mansion, which is valued at $61 million.

Initially, reports indicated J.Lo and Ben had acquired the property in May. Though the mega mansion originally had an asking price of $75 million, the power couple were able to negotiate it much lower to just under $61 million.

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However, it appears that they've since re-evaluated their financial approach and chosen to embark on a substantial 30-year home loan, as evidenced by contractual agreements that have now been revealed to the public.

The mortgage terms feature interest-only payments at a rate of 5.5% for the first six years, followed by an interest rate adjustment. Importantly, the repayment of both principal and interest won't commence until November 2033.

The grand estate features a variety of luxury features that explain its high price. The 46,000 square-foot residence, known as the 'Wallingford Estate,' features 12 bedrooms, 24 bathrooms, and remarkable amenities that include an indoor sports complex and parking for an astonishing 92 cars.

Jennifer Lopez And Ben Affleck Take Out $20 Million Mortgage On Mega Mansion Months After Buying It

Even more, there’s also a fully-equipped gym, basketball and pickleball courts, a boxing ring, a sports lounge, a well-appointed bar, a salon for hair and nails, a state-of-the-art home theater, an impressive wine cellar, a cozy whiskey lounge, sauna and massage rooms, as well as a zero-edge pool with mesmerizing views.

Ben and Jen’s decision to get a mortgage comes at an interesting time, considering the couple have been dodging divorce rumors for months. Earlier this year, it was reported that J.Lo has been asking her husband for a post-nuptial agreement, since they apparently didn’t sign a pre-nup prior to their 2022 wedding.

"Both of them are realists who have been through divorce and don't want to be dealing with a nightmare money battle if they don't make it out of this rough patch," a source told Star Magazine. However, they added that JLo is “still giving this marriage everything she’s got.”

It's unclear if the couple has signed a post-nuptial agreement, and if so, how they plan to divide their $61 million mansion in the case of a divorce.

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