‘The decision I needed to make’: Kevin Costner took out a mortgage on seaside Santa Barbara estate to fund epic western project, sending accountant into a ‘conniption fit’

“it wasn’t an easy decision, but it was the decision I needed to make,” Costner told the Associated Press at the 76th annual Cannes Film Festival.

Costner believes in investing in your passion projects

Most financial advisers would likely recommend investing your earnings wisely in a tax-advantaged account or letting the equity on your real estate grow — indeed, Costner told Deadline last year his decision sent his accountant into “a f****ing conniption fit.”

But Costner believes it’s important to invest in yourself and what you believe in.

“You can spend your life just trying to make your pile grow bigger and bigger — and I’ve not been really terribly great at that,” Costner admitted to Associated Press.

“I’m like anyone else, I’d like it to be big,” he says. “But not at the expense of not doing what I feel like I’d love to do.”

Costner further revealed he’s invested about $38 million of his own money into Horizon in a recent interview with GQ.

Should you tap into your home equity?

You might not be Kevin Costner — with a couple of Academy Awards and millions of dollars to your name — but it’s not uncommon for folks to tap into their home equity to pay off their debts, fund major repairs or home improvements or make other large purchases.

You could take out a home equity loan — a lump sum loan that homeowners receive upfront, which they repay over a fixed term with a fixed interest rate.