Prince Harry and Meghan Markle might be royalty, but their financial situation isn’t too different from everyone else’s. A new report has revealed that the Duke and Duchess of Sussex actually took out a mortgage on their home, despite the fact that they seem to have an endless cash flow.
A royal biography Finding Freedom, reported that the couple took out a personal mortgage when they bought their home in Montecito, California. They currently reside in this home, which has nine bedrooms, nearly 19,000 square feet and cost the couple close to $15 million.
Further details about Harry and Meghan’s finances were not revealed, so it is not known how much money they put down on the mortgage. The couple stepped down from their duties as senior members of the royal family in early 2020 and moved to North America to live their lives as private individuals.
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Even though Harry is the Queen's grandson, it doesn't seem he experiences the same finances as he had before exiting the royal family last year. Shortly after Harry and Meghan chose to step away from their royal duties, it was announced that they would repay the costs of the renovation on their home at Frogmore Cottage.
The couple moved to the home near Windsor shortly after getting married. They had renovations done, which amounted to aroudn $3 million. This cost had been paid by royal funds, though the couple repaid it themselves once they chose to step away from the royal family.
