Luis Ruelas Takes $1 Million Loan to Pay Off $3.4 Million Mansion with Teresa Giudice

REAL Housewives of New Jersey star Teresa Giudice’s husband, Luis Ruelas, has taken out a new loan to help pay off his and the reality star’s massive mansion.

Luis Ruelas Takes $1 Million Loan to Pay Off $3.4 Million Mansion with Teresa Giudice

Teresa, 52, and her husband, Luis “Louie” Ruelas, 49, purchased their now-marital home in January 2021 for $3,350,000. The house is located in Montville, NJ.

Luis Ruelas Takes $1 Million Loan to Pay Off $3.4 Million Mansion with Teresa Giudice

As teased in the season 14 trailer, Teresa’s rival Margaret Josephs is heard over the phone saying that Louie “pissed her money away.” In light of these allegations, Louie took out a $1 million loan to pay off the mansion. Court records revealed that the couple did not take out this loan on the seven-bedroom, ten-bath home until March 2024. According to the mortgage report, Louie took out a one-million-dollar loan on March 25 from a Florida-based LLC referred to as the “mortgagee.”

Louie’s financial struggles are expected to be highlighted in this season of RHONJ. Addressing the rumors on Tori Spelling’s podcast misSPELLING, Teresa vehemently denied any claims of financial mismanagement by her husband, saying Margaret says my husband spends all my money. Like, b***h, you don’t even know what you’re talking about.

Luis Ruelas Takes $1 Million Loan to Pay Off $3.4 Million Mansion with Teresa Giudice

The couple’s financial woes may also have appeared in legal troubles. Louie recently filed a $5 million lawsuit against lawyer Kevin S. Johnson and his firm. He claimed that fabricated emails damaged his chances in court and affected his reputation.

Family means everything to the Giudice-Ruelas family. Teresa Giudice and her daughters supported Luis Ruelas at the launch of his new app, Vinivia. This tight-knit family bond is evident amid all the drama and financial challenges they face.

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