Foreign Loan

[keljopy 1]

My fiance has three kids who live with their mom. They have never gone to court over custody or child support as they have a pretty good relationship so they have worked things out to their mutual happiness. Anyway, as part of "his share" of the cost of raising the kids he currently pays rent for the apartment they live in with their mom. Their rent just increased and since he has some land that he owns there, he was thinking of taking out a small (in my eyes, large for him) loan in order to build a house there for them to live in instead. I currently am just barely making enough money to have enough saved to get him here and adjust status when the time comes. My parents will be co-sponsoring and we will be living with them when he comes, so that's not an issue, and I will make enough that I can easily continue to make monthly payments on his loan when he comes and isn't allowed to work for a while, but not enough to just pay it all off straightaway.

Anyway, long story short, I was just wondering if his having a loan out in an Ecuadorian bank would in any way affect whether he gets approved for a visa. I told him I didn't think it should, because that's more of interest to the Ecuadorian government than the US government, and we're not going to default on it, but I wanted to make sure before I told him to go for it.

Edited July 6, 2011 by keljopy

[Maliajannah 0]

You didn't receive any replies to this question so I thought maybe my opinion would help. I don't know for sure, but I am assuming it won't effect his visa chances at all. When we went through the visa interview they didn't ask for any bank information or really any financial information at all from my fiance. All the information provided was mine and all they cared about is whether or not I could sponsor him. Since you have co-sponsors you should be fine, I doubt they will ask you about any loans he may or may not have at your interview. However, for your own protection, make sure you won't be paying out the nose for his loan for years to come! Some loans have strange fine print (and Ecuador is the queen of fine print), make sure he reads it. Good luck!