Joe Biden’s Mortgage: According to the Daily Mail, according to financial data, the 46th president of the United States and his 73-year-old wife needed money very quickly and over the years have used the capital of these houses as the main credit support.
Daily Mail’s investigation shows that US President Joe Biden and his wife Jill, the first lady of the United States, have made money from their homes, just like a bank ATM, and have taken out several mortgages. According to this report, they negotiated with the bank 35 times regarding the revision of the credit financing of their properties in Delaware, USA.
The US president and his wife have lived in two homes since 1975, when they bought their first property in Wilmington and later sold it in the 1990s. But evidence from the Daily Mail says the couple have been in financial negotiations with the bank for both houses every 17 months.
Joe Biden’s Mortgage, The Bidens have borrowed about $6 million on both homes over the decades, and one of the three-bedroom, four-bathroom homes still has a $541,000 mortgage three decades after it was purchased.
These repeated loan review requests raise the question of why the Bidens, who are reported to be worth $10 million, needed this constant flow of extra cash. A financial expert told the Daily Mail: “There is no other logic than that they were in desperate need of cash.”
The financial disclosures come as questions mount about the president’s involvement in his son Hunter Biden’s murky business dealings with China’s CEFC and other foreign entities.
Joe Biden’s Mortgage, According to mortgage documents, the president and first lady purchased their current property for $350,000 in March 1996, and since then have entered into 20 different loan agreements worth $4.23 million on the property. The couple’s previous five-bedroom house in the same city was purchased for $185,000 in 1975 and sold for $1.2 million in 1996. According to the evidence, there are 15 loans and credit documents related to this property.
Joe Biden’s Mortgage
The couple also owns a summer home in Rehoboth Beach, Delaware, which they bought in June 2017 for $2.744 million. However, this property did not have a mortgage and last year it was found that the purchase of this property was for cash.
Joe Biden’s Mortgage, According to financial data, the 46th president of the United States and his 73-year-old wife needed money very quickly and used the capital of these houses as the main credit support over the years. However, the net worth of Joe Biden, a career politician, and Jill, a university professor, is estimated to be around $10 million, and financial records show that the couple earned $620,000 in 2023.
The US first couple released their tax returns in April, revealing that their combined income last year was $619,976 and they paid $146,629 in state taxes. According to the financial records of the US Office of Government Ethics last month, most of the couple’s debt is owed on a home loan in Delaware and the equity loan on that property.
Joe Biden’s Mortgage, They also have debts, including a $150,000 term loan and a $50,000 mutual fund loan. According to these documents, the Bidens reported total debts between $350,000 and $850,000. Tony Mariotti, a real estate agent in Los Angeles, says that the Bidens had mistaken their properties for ATMs and were making money from them.
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