When a loan exceeds the federal limit (usually around $800k–$1M depending on the area), buyers must secure a .
High-net-worth individuals often don't want to liquidate their investments (like stocks or bonds) because they don't want to pay capital gains taxes or lose out on market growth. how do people buy million dollar homes
For those who don't fit the traditional mold, alternative paths exist: How Do People Afford Million Dollar Homes? - HomeLight When a loan exceeds the federal limit (usually
Buyers use their investment portfolios as collateral to secure interest-only loans . - HomeLight Buyers use their investment portfolios as
Sophisticated buyers often use private wealth management services that offer tailored mortgage solutions, exclusive rates, and flexibility not found at standard banks. 4. Creative and Alternative Financing
By keeping $2M in stocks growing at 8% while paying 5–6% interest on a loan, they essentially "make money" while buying property. 3. Jumbo Mortgages and Private Banking