Keep in mind he had no mortgage. His parents bought him the house free and clear. Camelot claims Rekieta was spending $20,000 per month on coke alone, at $316,000 he'd get about 15 months worth.
Keep in mind he didn't just take out a $316k mortgage, he also grossed over a million in super chats from roughly 2019-2022, likely six figures in Locals subscriptions, a Rumble deal which was likely six figures, plus Patreon, Rumble super chats, etc.
Nick talked about how he wanted to expand the house. He never disclosed that he took a mortgage out on it though and it's not clear why he took the mortgage and/or why at that point in time.