Joe Biden and Jill Biden have been using their Delaware homes like personal ATMs by taking out several mortgages and refinancing a staggering 35 times.President Joe Biden and First Lady Jill Biden treated their various Delaware real estate holdings like a personal ATM for years, taking out several mortgages and refinancing a whopping 35 times, according to a report.The wheeling and dealing dates back to the late 1970s — shortly after Joe and Jill were married.
“Over time, mortgage fees really add up. Paying off a mortgage… is like a forced savings account that bears modest interest,” Mariotti said. But the Bidens’ financial records also show they still carry significant debt, mainly the mortgage on the Wilmington home and an equity loan on the same property.The Bidens purchased this six-bedroom Farview Road house in the Rehoboth Beach area of Delaware in 2017 in an all-cash purchase.President Joe Biden, with first lady Jill Biden, takes a bike ride in Rehoboth Beach, Delaware near their home on September 19, 2021.Their total liabilities range between $350,000 and $850,000.