i-134 and i-184 (co-sponsor)

[ambrolla 4]

Hi!

This question came up a long time ago, I've tried calling lawyers yesterday and today but noone gave me an answer. But I want to get everything ready because I have NOA-2 approved already.

My dad is a co-sponsor (he agreed), he is well above poverty line (he can support my family since i'm a dependent of him + my fiance + other person based on his income). But! If someone will count mortgage money (they are selling one house right now, so once it's sold there will be less money but how long will it take to sell the house...) and other expenses, those expenses are higher than his income on his tax return. Should I be worried and ask my sister to be the co-sponsor or everything will be ok with my dad (since most of the people in USA live on their credit cards)?

And if my dad will be OK on i-134, will he be ok on i-184 too?

And my dad is self-employed, he is a bussinessman.

[Elle&Kev 120]

Hi!

This question came up a long time ago, I've tried calling lawyers yesterday and today but noone gave me an answer. But I want to get everything ready because I have NOA-2 approved already.

My dad is a co-sponsor (he agreed), he is well above poverty line (he can support my family since i'm a dependent of him + my fiance + other person based on his income). But! If someone will count mortgage money (they are selling one house right now, so once it's sold there will be less money but how long will it take to sell the house...) and other expenses, those expenses are higher than his income on his tax return. Should I be worried and ask my sister to be the co-sponsor or everything will be ok with my dad (since most of the people in USA live on their credit cards)?

And if my dad will be OK on i-134, will he be ok on i-184 too?

And my dad is self-employed, he is a bussinessman.

As long as his business income meets the poverty guidelines then you will be fine. when considering income they do not look at a debt to income ratio. Unless of course you are speaking about his business having a loss rather than a profit therefore bringing him below the poverty guidelines. If that's the case then you should seek an alternative co sponsor who can meet the criteria. Credit card limits and extensions of credit would never be considered income... They are a debt not an asset and need to be paid back.

[ambrolla 4]

As long as his business income meets the poverty guidelines then you will be fine. when considering income they do not look at a debt to income ratio. Unless of course you are speaking about his business having a loss rather than a profit therefore bringing him below the poverty guidelines. If that's the case then you should seek an alternative co sponsor who can meet the criteria. Credit card limits and extensions of credit would never be considered income... They are a debt not an asset and need to be paid back.

Thank you!

Because that's the part I'm worried. I want to use my dad as a co-sponsor, not my sister. And I was seriously worried that the mortages + expenses might not go through with form i-134 and i-184 (I've heard that if it went through in i-134 then it will go through in i-184, I hope its the correct statement)