Famous Movie Homes the Characters Could Never Afford
Author: Pete Mugleston
CeMAP Mortgage Advisor, MD
As we immerse ourselves within fantasy worlds of cliffhangers and ‘happily ever afters’, it’s easy to forget how unrealistic these scenarios would actually be in the real world. We conducted some research to find out whether these well-known characters could actually afford their famous movie homes, or if, behind those rose-tinted glasses they would be hiding a low credit score and needing a mortgage with bad credit.
In order to calculate the debt, we researched the following for each character:
– Estimated income before tax
– Property value
– Monthly mortgage payment (based on a 30 year deal, 4% interest rate and 10% deposit)
– Monthly rent (if not buying)
Pete Mugleston
CeMAP Mortgage Advisor, MD
Pete, a CeMAP-qualified mortgage advisor and an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete successfully went the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained and his love of helping people reach their goals led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.
Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for Online Mortgage Advisor of course!
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