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Question about co-sponsor

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Filed: AOS (apr) Country: Ecuador
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My dad is willing to be my fiancee and her daugher co-sponsor he is retired/self employed (construction worker) last year he did no have very much income but he has resonable in assets (stock bonds $308.000 life insurrance for $100.000 and $ 110.000 in properties) will be this enought?


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Filed: Country: Mexico
Timeline

My dad is willing to be my fiancee and her daugher co-sponsor he is retired/self employed (construction worker) last year he did no have very much income but he has resonable in assets (stock bonds $308.000 life insurrance for $100.000 and $ 110.000 in properties) will be this enought?

To use assets, your father will need to have 5 times the required 125% of poverty level for his household size plus your fiancee and her daughter. If he does not have enough between his income and assets, you need to find another co-sponsor. http://www.uscis.gov/files/form/i-864p.pdf

These are the instructions for using assets:

Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner's claim of its net cash value.

You may include the net value of your home as an asset. The net value of the home is the appraised value of the home, minus the sum of any and all loans secured by a mortgage, trust deed, or other lien on the home. If you wish to include the net value of your home, this, you must include documentation demonstrating that you own it, a recent appraisal by a licensed appraiser, and evidence of the amount of any and all loans secured by a mortgage, trust deed, or other lien on the home. You may not include the net value an automobile unless you show that you have more than one automobile, and at least one automobile is not included as an asset.


Link to K-1 instructions for Ciudad Juarez, Mexico > http://travel.state.gov/content/dam/visas/K1/CDJ%20-%20Ciudad%20Juarez.pdf

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