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[PeaceWave]

This message was self-deleted by its author (PeaceWave) on Thu Sep 4, 2025, 02:40 PM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.

[Abolishinist]

1. I'm curious,

why do you care?

If this transaction makes you question them, then sell off your Chase stock immediato.

[Abolishinist]

6. I see. So there are NO

WHITE modest income families with an 8% or 9% rate on a tiny house!

Which begs the question...

[newdeal2]

3. How does the Daily Mail know the lending terms?

Genuinely curious if that’s somehow public information.

[flvegan]

5. Why is that a "big and risky mortgage" for Paris Hilton?

5.25% seems about right because someone worth $300 million or whatever, with significant income, isn't really a risk. That's what credit is, risk. What's the downside for the lender? Paris Hilton isn't going into foreclosure, it would be hell for her "brand" which has a ton of value and the Hilton name likely wouldn't stand for it. If the house isn't worth as much, they go after her for deficiency (depending on the state laws).

As much as it pains me to say it, she's smart for taking the loan. If she's wisely invested, she's making a shit ton more than 5.25% on her portfolio. Use their money.

[fujiyamasan]

8. Remember the old phrase

"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem."

Depending on the terms of the mortgage, chase should be getting somewhere around the US median home price on this single mortgage, each month.

They still have to do their due diligence, in terms of verifying her assets, income, debt.etc. Did she purchase this through a corporation? I’m too lazy to look up any more details on this.

[PBC_Democrat]

9. My Experience has been a little Different

I've taken out three mortgages in the last 15 years and met with zero bankers.
Everything was done via email and an occasional phone call, didn't meet with anyone until the closing.

There is absolutely no chance that she will default on the loan - that makes it one of the safest loans in their portfolio, hence the low rate.

[fujiyamasan]

10. Yes, my lender isn't even based here

I submitted my applications online, along with all the standard paperwork. All I really remember after is we had a discussion over the terms. I think that was it.

[Johnny2X2X]

11. Informative article

I don't think enough people know how the rich really finance their lives. People think they just buy whatever they want, well, they get cheap money to buy whatever they want so the banks hold the risk and they can leverage their equity for other investments. She is a savvy business person, but this whole purchase was probably handled by her lawyers and she did little but sign off on the terms they negotiated for her.

It's the type of stuff that only works when you have significant capital. You aren't going to leverage your $75K in home equity for anything substantial that will create a revenue stream for you. But once you have millions, it all works.

And Chase is making money still.