NEED ADVICES FOR USING ASSETS TO MEET REQUIREMENT INCOME!!!!

[kittytv 0]

i am sponsoring my parents. My family is 4, plus my parents i need 38,712 to meet the requirement. But we only make around 36,000 this year. Should i use my assets ( house or car) or show banking accounts? which one would be easier for them to think i have enough to sponsor my parents? and how much do u think i should have in assets or banking accounts?

Thank you very much for any advices, anyone has faced with this PROBLEM before? my case are almost 5 months at NBC now. WORRY!!!!

[ceadsearc 516]

You'll need 5x the difference in assets. They must be things you could easily and quickly turn into cash without undue hardship on yourself so something like your only car wouldnt work.

[Boiler 45,519]

If you have a second property then that would be the one, cars can be complicated.

[Penguin_ie 5,993]

Your family home and your only car will likely not count. If you have a savings account or second home that would be best, or a 401k.

[kittytv 0]

THANK ceadsearc, Boiler, Penguin_ie very much!!!! I feel a little better now but still worry! Is that means i need around 15,000 in my banking account so it would be safe?????!!!!( 2,712 different x 5 times)

and actually we own a second house which is worth around 65,000

but we have mortgage of 125,000 the house we are living with 50,000 down

So, my question is when i send I-864 should i give them the banking account or the 2 houses? or just bank account? or just the house i own is fine?

THANK AGAIN for any rely!!!!!!!!!!!!!!!!!!!!!!!!

[Darnell 8,478]

if you are the USCitizen, and the sponser,

the assets rule is 1/3, not 1/5 as you've scribbled above.

Can rework your math, based on which country's passport you hold?

[Penguin_ie 5,993]

if you are the USCitizen, and the sponser,

the assets rule is 1/3, not 1/5 as you've scribbled above.

I am pretty sure x3 is only for spouses, he is sponsoring parents.

[kittytv 0]

Thank Darnell and Penguin_ie!!! I think x5 is correct too!