Celebrities, are just like us (but with much deeper pockets). Despite the importance bestowed upon them by the rest of society (and the media), famous folks are human beings made of flesh and bone and need the same basic necessities such as food, clothing and shelter. When it comes to the financing, star power is not enough and chances are a jumbo mortgage may be a necessity to purchasing the luxury accommodations with the larger than average price tags. Mortgage Marvel is happy to show a few of our favorite celebrity homes currently for sale.
Charlie Sheen's Los Feliz, CA Home
Charlie Sheen has always been considered a Hollywood bad boy, and his recent antics have helped secure his standing. Recently, Sheen has been accused of trashing a hotel room at the famed New York, NY Plaza Hotel, terrified his companion, who happened to be a porn star, and filed for divorce. All this activity happened within a few days of each other, yet Sheen still had the dedication to tweak the price on his Mediterranean style home.
Sheen originally listed his sprawling California Los Angeles home last June for a whopping $3.697 million. There were no takers at that price point, so the property was re-listed this past September for $4.1 million. The price has recently dropped to $3.75 million.
With a sizable down payment in the bank and an excellent credit history, consumers interested in this luxury property will certainly get their monies worth. The home has four bedrooms, four bathrooms, 4,179 square feet, a swimming pool (complete with water fall) , imported appliances, a huge fireplace in a spacious living room and so much more. The property is currently an exclusive listing and curious home shoppers can checkout the local multiple listing service or Redfin.com to find more information.
Bing Crosby's Former Toluca Lake, CA Estate
Bing Crosby, a hollywood icon was known for his baritone singing voice, his buddy films with Bob Hope and for having a successful acting and singing career spanning half a century. During that time period Crosby made some serious cash and which allowed him to buy a grand estate in Toluca Lake, California, featuring 7,200 square feet of living space and the proper amenities required of Hollywood royalty. Those with a spare $6.595 million can now claim this Colonial mansion.
Crosby died in 1977 and eventually his former home was sold. The house is now on the market again and features such perks as an Olympic sized swimming pool, 6 bedrooms, 5.5 bathrooms, and a billiard room. Those concerned with the price tag may be able to bring in additional income by taking on the role of landlord and subletting the additional space on the property. On the estate grounds there is a cabana with 2.5 bathrooms and separate changing room plus an additional guesthouse which features 2 bedrooms.
How to Buy a Celebrity Home
While some may be intimidating by owning the property of a star, except for the additional zeros on the homes' value, the real estate process is standard. Consumers need to have the sizable amounts of money needed to finance the purchase, a credit score of at least 720 to secure the best mortgage rates and the financial means to support the expense for the long run.
Regardless, you need to find the best mortgage rates to simply refinance your current adjustable rate mortgage or are ready to secure a jumbo mortgage to buy a behemoth of a property, Mortgage Marvel is here to help. Mortgage Marvel is the industry's leading mortgage rates origination tool that will provide you with accurate and up-to-date mortgage quotes, without requiring any of your personal information.
