I-134 Help Please

[AndreaK 1]

Where it says, for question 7, "With mortgage(s) or other encumbrance(s) thereon amounting to:" and a line to list the value, what is needed here? He owns a house valued at $125,000 but still has a mortgage on it for nearly the full value as he only bought it just over a year ago. Does he need to put the current value of the mortgage?

We're both a little confused, and the example wasn't much help unfortunately. He's trying to get this completed and notarized at work today, so any help would be greatly appreciated!!

[john_and_marlene 162]

Where it says, for question 7, "With mortgage(s) or other encumbrance(s) thereon amounting to:" and a line to list the value, what is needed here? He owns a house valued at $125,000 but still has a mortgage on it for nearly the full value as he only bought it just over a year ago. Does he need to put the current value of the mortgage?

We're both a little confused, and the example wasn't much help unfortunately. He's trying to get this completed and notarized at work today, so any help would be greatly appreciated!!

If his income is sufficient to qualify, you don't have to complete the sections that deal with assets. If you need the assets to qualify, you should put the value of the house and what's still owed on the mortgage to show the equity. If you need to use this asset, be prepared to show documentation that shows the value and the balance.

[AndreaK 1]

His income is more than sufficient to qualify, that's not a worry at all; we just didn't want to not fill it in (or fill in the wrong info) and have it delay things. Thanks for the quick response!

[Otto 83]

Where it says, for question 7, "With mortgage(s) or other encumbrance(s) thereon amounting to:" and a line to list the value, what is needed here? He owns a house valued at $125,000 but still has a mortgage on it for nearly the full value as he only bought it just over a year ago. Does he need to put the current value of the mortgage?

We're both a little confused, and the example wasn't much help unfortunately. He's trying to get this completed and notarized at work today, so any help would be greatly appreciated!!

The answer is yes, put the amount currently owed on the mortgage. But as stated above, it's not really necessary to reveal this information if your income is sufficient - nonetheless, that's your answer.. =)

[YuAndDan 153]

In my case my income was more than enough to support, so I did not list any assets.

In our case this what the I-134 included.

• I-134 signed and notarized.
  
• Tax transcripts from the IRS for past 3 years, (Redundant for the (1040,W2,1099) but are free from the IRS
  
• Photo copy of IRS form 1040, and W2s for past 3 years
  
• Letter from my employer stating annual salary, job responsibility, and that is full time, on company letterhead.
  
• Photo copies of past 6 months pay stubs up to a few weeks before the interview.