Help with a Specific Question- property mortgage

[Spartan2]

Hi Everyone,

I have a question regarding the application for FSW that I would like your help with.
I currently have a house mortgage in my country. I still need to pay about 70.000,00 CAD, however my house is valuated in about 244.000,00 CAD, and I can easily quit this debt by selling the house or I can rent it and have another source of money.

But I am wondering if the officer at CIC think at the same way. Do you think this mortgage I currently have can be a problem for my FSW application? Do you know anyone who had a similar situation and was able to get the permanent resident visa through FSW? I am afraid this can represent a problem to my application...

Thanks a LOT for your help clarifying that!

 

[RomanSPb]

Hi Everyone,

I have a question regarding the application for FSW that I would like your help with.
I currently have a house mortgage in my country. I still need to pay about 70.000,00 CAD, however my house is valuated in about 244.000,00 CAD, and I can easily quit this debt by selling the house or I can rent it and have another source of money.

But I am wondering if the officer at CIC think at the same way. Do you think this mortgage I currently have can be a problem for my FSW application? Do you know anyone who had a similar situation and was able to get the permanent resident visa through FSW? I am afraid this can represent a problem to my application...

Thanks a LOT for your help clarifying that!

This will NOT spoil your application, that's for sure! It's an ordinary thing to live in a house that you purchased with help of bank. Moreover, there might be other credits and debts to pay off and NONE of this will make any problems for you. In your particular case feel free to put 224,000.00 C$ to "Assets" field and 70,000.00 C$ to "Liabilities" field of the IMM0008_3 form. Please also refer to IMM7000 guide for further details.