An easy one! Already married to a Merrycan...
May 2nd 2009, 4:59 am
#16
Joined: Apr 2002
Posts: 35,082
Re: An easy one! Already married to a Merrycan...
Many thanks Chartreuse, all really good info. I hadn't thought about having to convert all assets into cash before applying for the visa. I see the $18,212 figure in the table but where do you get the 'three times' bit from? I've looked all the way through the I-864 section but couldn't find it. Thanks again. - Steve
They don't have to be converted to cash beforehand, check out the definition. Just bear in mind that home equity is not as solid a figure as it used to be. If you'll be relying heavily on the house sale and have nothing else, it can be an issue; just be prepared with alternatives.
May 2nd 2009, 5:55 am
#17
Forum Regular
Thread Starter
Joined: May 2009
Location: Charleston SC
Posts: 222
Re: An easy one! Already married to a Merrycan...
Look in the section under 'assets'.
They don't have to be converted to cash beforehand, check out the definition. Just bear in mind that home equity is not as solid a figure as it used to be. If you'll be relying heavily on the house sale and have nothing else, it can be an issue; just be prepared with alternatives.
They don't have to be converted to cash beforehand, check out the definition. Just bear in mind that home equity is not as solid a figure as it used to be. If you'll be relying heavily on the house sale and have nothing else, it can be an issue; just be prepared with alternatives.
May 2nd 2009, 5:58 am
#18
Septicity
Joined: May 2004
Posts: 23,762
Re: An easy one! Already married to a Merrycan...
Hi Meauxna....... Luckily we wouldn't need to rely on the house sale to meet the figures quoted, although it might get a bit tight if the Pound drops any further against the Dollar! I still haven't found the three times bit though. I'm looking at the FAQ here and can only see something about five times the difference between income and poverty level. I think whichever way we go about it, we should probably try to secure employment first, which is probably going to be nigh on impossible!
=125%*"poverty guidelines"*3.
May 2nd 2009, 6:00 am
#19
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Joined: May 2009
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Re: An easy one! Already married to a Merrycan...
The research has already been done for you: www.richw.org/dualcit.
May 2nd 2009, 6:10 am
#20
Joined: Apr 2002
Posts: 35,082
Re: An easy one! Already married to a Merrycan...
Hi Meauxna....... Luckily we wouldn't need to rely on the house sale to meet the figures quoted, although it might get a bit tight if the Pound drops any further against the Dollar! I still haven't found the three times bit though. I'm looking at the FAQ here and can only see something about five times the difference between income and poverty level. I think whichever way we go about it, we should probably try to secure employment first, which is probably going to be nigh on impossible!
29. Total Value of Assets.
In order to qualify based on the value of your assets, the total value of your assets must equal at least five times the difference between your total household income and the current poverty guidelines for your household size. However,if you are a U.S. citizen and you are sponsoring your spouse or minor child, the total value of your assets must only be equal to at least three times the difference.
Most of us who lived overseas while petitioning used assets, or a Joint Sponsor.
May 2nd 2009, 7:17 am
#21
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Joined: May 2009
Location: Charleston SC
Posts: 222
Re: An easy one! Already married to a Merrycan...
Ah-Ha! All perfectly clear now. I was looking at I-864P and the FAQ on the website, rather than the actual 864 form itself. Thanks guys.
Steve
Steve
