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Member Profile: allendsup23 (373 posts)

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Hello, I'm allendsup23 (report this user)
I am from India
I last logged in on 11 Apr 2018
I have been a member since 20 Nov 2015
I have added 373 posts in trackitt forums
I added my last post on 11 Apr 2018
allendsup23's Immigration Cases
 
I-140 case: Approved in 9 days (166 days less than average)   (0 comments)
User: allendsup23 Nationality: India
Applicant Type:primaryService Center:Texas
Category:EB2Priority Date:29 Mar 2017
Application Filed:19 Jun 2017USCIS Received Date:20 Jun 2017
USCIS Notice Date:22 Jun 2017USCIS Receipt Number:
I-140/485 Filing:non-concurrentProcessing Type:premium
RFE Received?:noRFE Received Date:
Reason for RFE:RFE Replied Date:
Application Status:approvedApproval/Denial Date:28 Jun 2017
Total Processing Time:9 daysMost Recent LUD:
Days Elapsed:
Case Added to Tracker: 28 Jun 2017 Last Updated: 28 Jun 2017
Notes:

PERM case: Approved in 47 days (187 days less than average)   (2 comments)
User: allendsup23 Nationality: India
Priority Date:29 Mar 2017Category:EB2
Audit Received?:noAudit Received Date:
Reason for Audit:Audit Replied Date:
Application Status:approvedApproval/Denial Date:15 May 2017
Total Processing Time:47 daysDays Elapsed:
Case Added to Tracker: 03 Apr 2017 Last Updated: 23 May 2017
Notes:

H-1B case: Approved in 203 days (109 days more than average)   (3 comments)
User: allendsup23 Nationality: India
Application Type:extensionService Center:California
Processing Type:regularApplication Filed:01 Jun 2015
USCIS Received Date:02 Jun 2015Receipt Number:WAC-15-174-*****
RFE Received?:RFE Received Date:
Reason for RFE:RFE Replied Date:
Application Status:approvedApproval/Denial Date:21 Dec 2015
TN Status:Most Recent LUD:
Total Processing Time:203 daysDays Elapsed:
Case Added to Tracker: 20 Nov 2015 Last Updated: 21 Dec 2015
Notes: H1B case upgraded to premium on Dec 10, 2015. Both H1 and H4 approved on Dec 21, 2015.

H-1B case: Approved in 97 days (3 days more than average)   (8 comments)
User: allendsup23 Nationality: India
Application Type:extensionService Center:Nebraska
Processing Type:regularApplication Filed:25 Oct 2017
USCIS Received Date:25 Oct 2017Receipt Number:lin18017*****
RFE Received?:noRFE Received Date:
Reason for RFE:RFE Replied Date:
Application Status:approvedApproval/Denial Date:30 Jan 2018
TN Status:Most Recent LUD:
Total Processing Time:97 daysDays Elapsed:
Case Added to Tracker: 10 Nov 2017 Last Updated: 24 Mar 2018
Notes: H1/H4 extension approved in regular. Computer Science. Wage level 3. Approved for 3 years. Status updated on USCIS website almost two months after approval.

H4 EAD case: Approved in 69 days (1 days more than average)   (0 comments)
User: allendsup23 Nationality: India
Application Type:new applicationService Center:California
Filing Method:paper-basedApplication Filed:08 Jul 2017
USCIS Received Date:10 Jul 2017USCIS Notice Date:11 Jul 2017
USCIS Receipt Number:RFE Received?:no
RFE Received Date:Reason for RFE:
RFE Replied Date:Application Status:approved
Approval/Denial Date:15 Sep 2017Card Production Ordered:14 Sep 2017
EAD Received:Total Processing Time:69 days
Most Recent LUD:Days Elapsed:
Case Added to Tracker: 19 Jul 2017 Last Updated: 16 Sep 2017
Notes: This is for my spouse EAD.

H4 EAD case: Approved in 82 days (14 days more than average)   (5 comments)
User: allendsup23 Nationality: India
Application Type:renewalService Center:Vermont
Filing Method:paper-basedApplication Filed:07 Dec 2017
USCIS Received Date:08 Dec 2017USCIS Notice Date:13 Dec 2017
USCIS Receipt Number:EAC18900*****RFE Received?:
RFE Received Date:Reason for RFE:
RFE Replied Date:Application Status:approved
Approval/Denial Date:27 Feb 2018Card Production Ordered:
EAD Received:Total Processing Time:82 days
Most Recent LUD:Days Elapsed:
Case Added to Tracker: 15 Dec 2017 Last Updated: 01 Mar 2018
Notes: Filed H4 EAD renewal (with H1/H4 receipt) for my spouse. H1/H4 approved on Jan 30, 2018. H4 EAD New card is ordered on Feb 27, 2018. I did not get any text or email though I did ask for E-Notification
allendsup23's Posts
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Posted in I-765 (EAD) Forum on 11 Apr 2018
Topic: H4 EAD renewal with H4 extension Receipt number

I-94 number will remain the same even after H4 extension. Only expiry will change.
You need to attach H4 extension receipt with your EAD application.
It would be better if you can file H4-EAD and H4 extension together (your spouse's employer has to send both in same packet). In that case, both H4 extension and H4-EAD gets approved together.
If you can't do that, then file H4-EAD separately yourself once you have H4 extension receipt. In this case, H4 extension will be approved first and then H4-EAD later.
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Posted in I-765 (EAD) Forum on 08 Apr 2018
Topic: H4 EAD renewal with H4 extension Receipt number

In I-765, you would fill your spouse's H1 petition number in item 22 (C 26 eligibility). You will need to provide your I94 number in item 14.
Provide your H4 receipt copy in the supporting document. You can include a letter explaining that H4 extension is in progress. Some people include this letter, some don't. It is up to you.
I had filed for my spouse H4-EAD with H1/H4 extension receipt. H1/H4 got approved first then few days later, H4-EAD was approved. In your case, H1 is already approved.
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Posted in I-140 Forum on 24 Mar 2018
Topic: Buying house in current climate

Thank you.

10/1 ARM do not have prepayment penalty. I have checked with my loan officer. He also said I can refinance anytime. So let's say I go to other bank for refinance, would they be interested in refinance for 10/1 only or would they give me 30 year fixed too?

There are plans with no PMI for less than 20% down payment but they all increase interest rate. One of the credit union is offering 4.875% for 30 year fixed for first time buyers with no PMI. This rate is .375% more than ongoing rate for 30 year fixed. In the end, that will cost a lot more as you paying more for full loan.

Yes, I am planning to make additional payments (first to reach below 80% LTV) to remove PMI and then will decide to make more in case I want to build equity.

Monthly obligation is lesser in 10/1 in my case for first 10 years but will increase after 10 years in case I stay in the house. Though I doubt I will stay in that house for 10 years but who can predict the future.

Monthly obligation is more in 30 year fixed due to PMI but once i get rid of PMI, it will be lesser.

For peace of mind, 30 year fixed seems better as i know what to pay for rest of my loan in case I do not move out of the house. But then in 10/1, i will have to pay $70 less every month which is tempting. I can use those 70$ for home insurance and home maintenance plan.

One thing i know, both will turn out better no matter which one I pick. :)
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Posted in I-140 Forum on 24 Mar 2018
Topic: Buying house in current climate

Rates are still historically very low (even 5%) so this alone will not make property prices to go down. Prices may become stagnant though. Depression can cause prices to go down by 10-20% but that we can not control.
It will also depend on demand and supply. If a city has limited supply and too high demand, then rates will keep going up as there are always people looking to buy. If a city has too much supply but less demand, then prices will go down.
If you have made up your mind to get settled in a home with your family then you can go and buy it now.
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Posted in I-140 Forum on 24 Mar 2018
Topic: Buying house in current climate


If the loan is under both, they will look at income and debt for both. The bank does not care for H4 status or H1, as long you as you have a H status, you have the same rights as a LPR at financial institutions. They want credit worthy people who will be least amount of liability/risk for them. Is your spouse on the loan with you? BTW, I am a mortgage banker.



As you are a mortgage banker, you can help me.

I am buying a house and have two loan options.
1. 30 years fixed with PMI of 90$ as I am paying less than 20% down payment.
2. 10/1 ARM for first time home buyers - My credit union has this program for first time home buyers where interest rate is little high but no PMI even if you pay less than 20% down payment. In this plan, my monthly P and I would be 20$ more compared to 30 year fixed program.

Normally people do not stay in first time home for 10 years and upgrade. I also think I may change the house but not sure.

Are there any catches in 10/1 program except the rates will be adjusted to market rates after 10 years?
If I take 10/1 program and plan to refinance to 30 years fixed once I have 20% equity, would other banks be willing to do it? or they would only offer me 10/1?
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Posted in H-1B Forum on 08 Mar 2018
Topic: H1b extension processing time - Nebraska

USCIS site is inconsistent these days. It is updated for some and not for others. My case was approved on jan 30 but it still shows case was received. So not sure what to tell you here. If your employer and attorney are saying they have sent a request to upgrade then believe them.
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Posted in H-1B Forum on 08 Mar 2018
Topic: H1b extension processing time - Nebraska

In 2015 when my case was upgraded to premium, UsCis case status showed we received your request for premium processing. Then it changed to we received your form 129. If you create an account on USCIs and then check case status, you can see all actions on the case in case history on left side.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

Very nice perspective. Especially the last suggestion.

One of my friend bought a townhome in 2014. They are like family so we have seen up close everything related to owning the house. That is when we also decided it is time to move to our own home as this uncertainty will never end no matter which party is in majority or who is the president.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

A lot depends on area. This is why I like Minnesota. Housing is not too expensive. Pay is good.
In SFO decent house would be some 600-700k.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

In last two weeks, I saw one townhome 3BR for 260k 2007 built and one for 280k 2005 built. Both is Wayazata school district. 3BR townhomes are generally within that range.

In November I had a choice to buy a townhome for 255k 3 BR corner and we liked it too. But I hesitated as my extension was just filed in October and company was not doing premium. So I let it go thinking I will buy once approved so I atleast have 3 years to live here. Bad decision. Now similar house is minimum 275k and getting sold within 24 hours of listing. Interest rates have also increased from 4 to 4.5 now. That is like 60-70$ more payment per month.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

Like I said everyone has their own preferences. It is all individual’s choices. It is good that you are happy in 2000$ rented apartment. No one is forcing any one to buy or rent.

Anything can happen. Person, who just bought house, may have to go back because of layoff or H1 rejection incurring lot of loss. Or a person may stay in the house for 10-15 years building equity which is wasted in rent. Who knows what future holds. Bigger thing is happiness. Do which makes you satisfied and happy.

If I rent 2000$ per month for 10 years then it is 240000$ in rent just gone. Where as if I buy a moderate house 250000k and stay in it for 10 years, my monthly payment will be 1500$ ( included mortgage payment, HOA, property tax and insurance). I make additional payment of 500$ (2000 - 1500). After 10 years, I will have atleast 150000 equity built. But this all depends on whether you can stay for 10 years or not.

After 10 years, renter save 0 from that 240000$. Buyer save 150000. But if something happens in 1-3 years then buyer losses money but renter don’t. That also has various factors. If the area is hot for rental market, buyer can rent his townhome and go back to India. There are companies here which manage rental. Sell the house when price is good.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

You are talking about piggyback loans where 1st loan is for 80%, second loan is for 10-15% and then 5% downpayment. You need to pay interest on second loan until you pay its principal. In the end, you would have paid enough interest on second loan which is close to PMI or more.

I think better option is to pay PMI but keep making additional payments. Additional payments plus appreciated value of house will help on removing PMI within 2-3 years.

If that second loan is not paid sooner, it will result in lot of interest. Especially if you are only paying interest initially on second loan to keep lower monthly payment. If second loan can be paid earlier then it could be better.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

I have not bought it yet but planning to. City is Plymouth MN. Entry level townhomes are in 250-300k range where rent is 1800-2000 per month.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

Simple calculation where I live.

Townhome - 250000
20% down payment will make mortgage payment 1000$ which is like 700 interest and 300$ principal.
Property tax - 250$ per month
HOA - 200$ per month
House insurance - 70$ per month

So per month payment excluding principal is 1200-1250$. Not adding principal as that is building your equity which you will get back.

Similar house for rent is 1800-1900$.

So you save 600$ per month. Even if you have to spend 2-3k in maintenance, you are still better.

This is based on assumption house will appreciate by 10% or more when you sell.

Moreover as number of years passes, interest amount will go down but principal goes up. So your actual monthly cost will go down.

Under old tax laws, itemizing deduction would save enough money which will compensate yearly property taxes. So in reality monthly cost is 1000 if we take out property taxes from it.

This calculation is for monthly cost. House price going up and down is not factored in.
People who bought in low prices, are well off now as house prices have gone up by 20-30%. People who enter in peak rates may not be that lucky.
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Posted in I-140 Forum on 07 Mar 2018
Topic: Buying house in current climate

It is not that straight forward. When selling, one also need to pay almost 9% of selling price in fees. House has to appreciate 10% or more to compensate for that. Now if you sell in 1 or 2 years, then it will be a loss. But in 5-10 years without recession, it will appreciate that much.

Now hidden costs are property tax, HOA fees and maintenance costs. If house is newer, maintenance cost is not too high. Property tax and HOA can be a big sum. If you want to compare it to renting, one need to figure out mortgage interest payment plus HOA plus property tax. That is direct monthly cost. Now compare it to rent for the same house.

Do not compare apartment to townhome or to single family. That is not right comparison.

Plus as I said earlier, money is not the only factor for everything. This is like saying I am renting 2000$ apartment so I am losing 1000$ per month as I could have just rented a 1000$. That makes a loss of 12000 per year.

One has to figure out how much they want to spend for the quality of life they are happy with. Every person has different requirements. It’s like cars. Some are happy with corolla but others want Maserati. Does that mean mesarati guys lost money. No they did not. So some are happy with dingy 1 bedroom apartment but others want to live in 3 bed room townhome. Where As some wants 5 bed room single family with front and back yard.
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Posted in H-1B Forum on 06 Mar 2018
Topic: Wondering how many denied cases are post here VS approval case

check the tracker.
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Posted in I-140 Forum on 06 Mar 2018
Topic: Buying house in current climate

You have already made 20% so I assume you are not paying PMI. You have low rate 20 year mortgage so there is no question of refinancing now. You made a good decision.
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Posted in I-140 Forum on 06 Mar 2018
Topic: Buying house in current climate

Generally one has to pay PMI for less than 20% downpayment. But there are some lenders which offer 10/1 ARM with no PMI. This plan is good if you plan to either pay off loan in 10 years or refinance or sell. Rates are fixed for 10 years but will go up/low depending on rates in 11th year and so on. Usually first time buyers do move to another home in 10 years so this is a good plan for them but with a risk. I am right now deciding which one to go for.

30 years fixed but with PMI. It will take 8 years to get rid of PMI if I don’t make additional principal payments or house do not appreciate.
Or
10/1 ARM with no PMI. No problem till 10th year but then interest rate may shoot up a lot. Historically rates have been 8-10% so it may even be 9%. Fixed rate is close to 4.5.

I am leaning to 10/1 ARM as 99.9% I will be moving to other home in 10 years or go back to India if rejected. This option is good only till 10 years. Anything beyond is riskier.
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Posted in I-140 Forum on 06 Mar 2018
Topic: Buying house in current climate

Totally agree with you. I waited till I-140 approval and missed the chance in 2013-2015 when market was recovering and prices were low especially interest. Now it is at peak and a sellers market. But I will still buy as I want to live my life. Will see about future in future.
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Posted in I-140 Forum on 06 Mar 2018
Topic: Buying house in current climate

It is your decision. Buy a house and build your memories. Have your kids live a good life. You can even buy a townhome as they are easy to sell or rent out.

I recently got an extension till 2021. I am also planning to buy a home. If I don’t get any more extensions, I will sell it or rent it.
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