Things are not looking good for Sister Wives star Kody Brown and his wife, Robyn. This time they have landed themselves in some financial trouble. The couple already has a bad record when it comes to making monetary decisions. Unfortunately, it looks like they have resorted to taking another big loan to pay another due loan! This vicious cycle looks neverending. Keep reading to know further details!
Sister Wives: Kody And Robyn Apply For HELOC Worth $130K?
Rumor mills have kicked into high gear on social media. As per Reddit, an account claims that Kody and Robyn Brown have applied for a home equity line of credit or HOLEC up to $130K. As per bankofamerica, it is a kind of mortgage that gives one a “revolving credit line” to use for large expenses. In this, the house secures the line of credit. However, no one is sure as to why the Sister Wives couple took a loan when they already have a mortgage to pay off from 2020. Fans have pointed out the only possible explanation for this. It’s that they are trying to pay off the first mortgage itself by this HELOC sum.
Emphasizing their decision, the same Reddit account pointed out another thing. It mentions that the duo probably applied for a HELOC since their financing for the first mortgage turned out to be “wonky”. As a result, they lacked enough “down payment” and had to up it to a “later date”. Another profile explained that this form of credit could be quite a “good tool”. But, of course, that’s only possible if people are careful with it.
Alas, they slammed the reality TV couple and called them “financial idiots”. Moreover, the Redditor predicted that both of them are probably “broke as hell.” Though there is no official statement from either of the stars regarding this, fans have come up with plenty of theories.
Sister Wives: Kody & Robyn Brown Took A 150K$ Loan In 2020 Too!
There was another reason why so many fans fired the couple for their financial mishap. That’s because they had already obtained a loan earlier in 2020. It was worth 150K$. As per a report from March 2020, they had acquired some legal court documents from Arizona mentioning the details. The crucial papers revealed that the couple took the loan “urgently”. The officials approved their loan by the end of March 2020, and the maturity date for the same is April 23, 2050.
As a result, it took no time for the fans to realize that the couple was in this vicious loan cycle for the long run. Clearly, they lack the proper guidance to manage their finance smartly. Therefore, a lot of accounts on the abovementioned Reddit thread said that the infamous Sister Wives couple filed for bankruptcy. They also mentioned that out of all the four wives, Robyn is the one who is legally married to Kody. Hence, she would easily be able to apply for bankruptcy too.
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