Joe Biden Quietly Took Out $250,000 Line of Credit Against Rehoboth Beach Home in December Amid Documents Scandal

 

Why did Joe Biden secure a $250,000 home equity line of credit?

Joe Biden quietly took out a $250,000 line of credit against his Rehoboth Beach home in December amid his classified documents scandal.

Biden took the line of credit out while his son Hunter is under federal criminal investigation. 

Biden document obtained by Fox News

Fox News reported:

President Biden secured a $250,000 line of credit against his Rehoboth Beach, Delaware, home as his son, Hunter Biden, faces an investigation into his tax affairs and amid his own classified documents scandal, records obtained by Fox News Digital shows.

Biden acquired the six-figure home equity variable rate line of credit from M&T Bank on Dec. 5, 2022, Sussex County filings show. Biden and his wife, first lady Jill Biden, initially purchased the residence in 2017 for $2.74 million, according to county records.

It is unclear why Biden quietly secured the line of credit, which allows him to borrow up to a quarter of a million dollars against his home’s equity, and the White House did not respond to a Fox News Digital inquiry on the matter.