Last year, Queen Bey and Hova bought a mansion in California for $88 million, but they didn't buy <br />it in cash. The powerhouse couple was financed <br />for $52.8 million by Goldman Sachs at <br />a fixed rate of 3.4% interest, which <br />becomes variable interest in 2022. 'The Wall Street Journal' estimates that <br />the monthly payments are over $200,000. With property prices rising and interest rates nearing historic lows, such a "superjumbo loan" would provide quite <br />the financial benefit to the mega-rich. Taking on a mortgage gives <br />the wealthy an opportunity <br />to use their millions for <br />investments elsewhere, Handing out mortgages to <br />the rich benefits banks too. Jon Maddux, CEO of FundLoans, to <br />'The Wall Street Journal'
