FSW 2014 Applicants Timeline- Lets Network Here.

[ankit1987]

No, unfortunately you can't show property. You may do that for PNPs, but not FSWP.

It's clearly stated that the funds should be ready to use.

HTH!

That means do I need to show liquid funds covering Mortgage Debt as well as CAD 15,000 settlement funds?

Cz they have written that I need to show my liability

 

[Jango1]

Any loan is a liability: In spite your house being an asset.

In your case your asset is 24 lacks but liability is 20 lacks. So net asset is 4 lacks. But how would anyone believe ?
You need to prove that your house is worth 24 lacks.
How ?
evaluation-marketvalue-notarised copy- (may be lawyer) Your liability is already proven document you can show. (Remember, don't hide anything)

As far as funds for living in canada are concerned e.g. CAD $ 11,824 / person, you need to show something that you can quickly break to make liquid, and you already have FD CAD $15,000.. Produce the FD statements and a separate letter from the bank on your FD details like maturity value etc.. will always put you in stronger position.. 8)

Hope this helped..

 

[greencard14]

Trust me, it doesn't work that way. You can't submit multiple applications and both of them might be rejected. Doesn't matter if the principle applicant and the dependent is switched in both the applications.

Thank you Jigzy, but is it possible to apply with two different applications for husband and wife and claim points for each other on the adaptability part?

 

[ankit1987]

Any loan is a liability: In spite your house being an asset.

In your case your asset is 24 lacks but liability is 20 lacks. So net asset is 4 lacks. But how would anyone believe ?
You need to prove that your house is worth 24 lacks.
How ?
evaluation-marketvalue-notarised copy- (may be lawyer) Your liability is already proven document you can show. (Remember, don't hide anything)

As far as funds for living in canada are concerned e.g. CAD $ 1,824 / person, you need to show something that you can quickly break to make liquid, and you already have FD CAD $15,000.. Produce the FD statements and a separate letter from the bank on your FD details like maturity value etc.. will always put you in stronger position.. 8)

Hope this helped..

Thanks a lot!!1

But my query is , will they ask me to produce funds to settle the debt as well as settlement funds of CAD 15000?

 

[Andyart]

going by last years stats it may take around two/three months

Thanks.

 

[Rayj]

it should be around 2 days. No more than that.

But its taken less than two days to reach Ontorio Canada. Shouldn't take two days for delivery within the country. Anybody who has used DHL can advice.

 

[izverg]

Don't worry. Once you receive your UCI send it by mentioning in cover letter that this is the updated form. I don't think there can be any issue on this.

Oh thank you, this is a relief. One more q - IF i receive my UCI, should I send the updated form to the VO?

Thanks again!

 

[CanDoIt]

People/Seniors

Anybody who knows someone who has been rejected (from previous years ) because of settlement funds... I see a lot of concerns on this topic.

This will help alleviate some concerns

Thanks

 

[ankit1987]

Thanks a lot!!1

But my query is , will they ask me to produce funds to settle the debt as well as settlement funds of CAD 15000?

 

[ankit1987]

ny loan is a liability: In spite your house being an asset.

In your case your asset is 24 lacks but liability is 20 lacks. So net asset is 4 lacks. But how would anyone believe ?
You need to prove that your house is worth 24 lacks.
How ?
evaluation-marketvalue-notarised copy- (may be lawyer) Your liability is already proven document you can show. (Remember, don't hide anything)

As far as funds for living in canada are concerned e.g. CAD $ 1,824 / person, you need to show something that you can quickly break to make liquid, and you already have FD CAD $15,000.. Produce the FD statements and a separate letter from the bank on your FD details like maturity value etc.. will always put you in stronger position.. Cool

Hope this helped..


Thanks a lot!!1

But my query is , will they ask me to produce funds to settle the debt as well as settlement funds of CAD 15000?

 

[jayeshaminnew]

Oh thank you, this is a relief. One more q - IF i receive my UCI, should I send the updated form to the VO?

Thanks again!

Well you can send it to CIC itself after receiving your UCI. That's not really big deal. That's okay.

 

[izverg]

But its taken less than two days to reach Ontorio Canada. Shouldn't take two days for delivery within the country. Anybody who has used DHL can advice.

Took about 5 days for my app! From ON to NS - Ridiculous!

 

[jayeshaminnew]

Took about 5 days for my app! From ON to NS - Ridiculous!

Well it is time consuming because of customs update only. Once they get it clear from customs, they deliver as fast they can, I believe!

 

[Jango1]

Thanks a lot!!1

But my query is , will they ask me to produce funds to settle the debt as well as settlement funds of CAD 15000?

my earlier was a Typo for $ 11,824 / person and i modified in my original post. Sorry


As far as your property value comes out to be true i.e 24 lacks and you `PRODUCE LEGAL DOCS` It won't be a problem. There are 100s of people who have taken a home loan and property loan AND WHAT NOT, you are not alone, especially when logically beyond 30 years of age all look to invest and settle down.

You don't need to show liquid to cover your liability. Logically, why you have a loan then , you would have paid it for loan closure.

You need minimum liquid equal to $11,824 / person if you are single and whatever is applicable for family members, which you already have as F.D.

Am I crystal clear ?

 

[greencard14]

So, looks like you have 4 lacs equity in your property ( market value of property - outstanding mortgage ) : This is good, because no outstanding debt!
My advice is to attach a market valuation document (showing 24 lacs) and outstanding mortgage balance (20 lacs) to the application. Which proves that the your liability is lower than the assets value.

Now, show CSD 15,000 on top of that. These are liquid funds, which is good and these funds are on the top of 4 lacs asset you have acquired in your property.

I believe you are good to go!

That means do I need to show liquid funds covering Mortgage Debt as well as CAD 15,000 settlement funds?

Cz they have written that I need to show my liability