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  • #16
    Affidavit of support for fiance visa

    How about posting a link instead of the entire bible?

    Or, at least, just copy and paste the relevant bits.

    Comment


    • #17
      Affidavit of support for fiance visa

      britt <[email protected]_expats.com> wrote in message news:<[email protected]>...
      Originally posted by Danny Davis
      Ben, Harold is
      correct that real estate is not a liquid asset but equity in real estate is.
      If you include your employer letter and income figures
      AND your assets. All
      liquid assets, bank accounts, stocks, bonds,
      and equities. The assets again
      must total at least 5 times the value
      of your shortfall.
      I don't know what you consider a low paying
      job. If you are talking $6 an
      hour then your income is roughly
      $12,000. The requirement is for 125%, not
      100%, so for 2 people you
      would need $15,613 minimum income. That means that
      if you have
      $12,000 you need (5x$3613) $18,065 in assets.
      Good Luck, Dan
      Davis
      "Ben Tohelanbac" <[email protected]> wrote in
      message m13.wmconnect.com"]news:[email protected] m13.wmconnect.com[/url]...
      Will it be a problem if I do not
      have a 1040 or any other proof of income?
      Can I show
      proof of assets instead? If so, how much value would be required? they are not accepting houses anymore, it can be paid for, and it doesnt count. you have to sell the house and have cash in the bank
      What's the difference between real estate and equity in real estate?

      The immigration law says the qualifying assets must be convertable to
      cash within one year- that's the textbook definition of liquid assets.
      Real estate, or equity therein, is not considered a liquid asset. I
      know, I know, you could sell it within a year. However, it has been
      reported recently- see visajourney.com- that equity in a home was
      ignored by the Consular Officer. I can understand that- beyond the
      problem of valuation, there is the problem of clear title, where you
      would live if you sold it, etc. You just cannot count on them
      accepting equity in real estate. Besides, think of it this way- if you
      went to remortgage to get your equity into casy, the bank would
      require you to have income before they would remortgage. Catch 22.

      And the requirement, if you are not submitting an I-864, is 100% not
      125% of poverty level. Don't believe me? Google it, I don't have the
      link handy.

      Comment


      • #18
        Affidavit of support for fiance visa

        Ben,

        Harold is correct that real estate is not a liquid asset but equity in real
        estate is.

        If you include your employer letter and income figures AND your assets. All
        liquid assets, bank accounts, stocks, bonds, and equities. The assets again
        must total at least 5 times the value of your shortfall.

        I don't know what you consider a low paying job. If you are talking $6 an
        hour then your income is roughly $12,000. The requirement is for 125%, not
        100%, so for 2 people you would need $15,613 minimum income. That means that
        if you have $12,000 you need (5x$3613) $18,065 in assets.

        Good Luck,
        Dan Davis
        Last edited by rongoss1; 05-12-2008, 11:13 AM.

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