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American Mortgage Crisis : Is quicker visa processing the better way?

The mortgage crisis in America is significantly growing up every day. This housing problem can be efficiently diminished by a niche proposal from the educational sector which can possibly outcome to an worth of billions of dollars of gradual economic growth in this recession. Ms. Sheila Danzig has been advocating for streamlining the processing of permanent residency for those people who are already holding the visa. She is the director of a foreign degree evaluation agency and a veteran in the characteristics and demographics of the people who are looking for diploma evaluation. She urges to speed up the process for these EB-2 and EB-3 visa holders.

“After careful analysis, I’ve decided to support a proposal that was first presented on the Immigration Voice internet chat board,” says Ms. Danzig, whose agency evaluates foreign degrees and diplomas. “EB-2 and EB-3 visa holders have already been living in the U.S. for more than five years. They all have professional degrees and many have a master’s or a Ph.D. None are taking a job away from Americans, because the visas are issued precisely when no U.S. citizens are available for these jobs. They make a very good income, but they’re afraid to buy a house while their green card status remains in limbo due to a tremendous backlog.” She explained. She clearly negates the idea of prioritizing the non-immigrants.

It has been seen that and average worker incomes $5500-$11000 monthly. Most of them is reported to possess safe credit ratings and secure wages. They tend to buy their own residences and motivated to be lived in harmony and peace with family and friends. But these people are often in a dilemma because they know no way that if they should wait for the U.S. Citizenship and Immigration Services to approbate their permanent residency application or green card. Sometimes it takes more than seven at a stretch years to get approved for the green card. But mortgage companies and banks are not interested in giving loan without permanent residency. Thus cash flow is greatly hinders.

Ms Danzig showed that more than 800,000 wage earners are unsure if they will be granted permanent residency in the U.S. She also mentioned that 200,000 visa numbers lost in this delay which caused billions of lost dollars for this recessed economy.

“Suppose half of these persons wish to purchase a home. If they were permitted to make a 20 percent down payment on a private home (and the average cost of a home in the U.S. today is approximately $200,000), this would result in a net financial gain of $1.6 billion immediately for American banks, not to mention improving the dismal real estate market in many areas of the country.”

Thus, Evaluate Credentials (Ms. Danzig’s foreign credential evaluation farm) has started a petition drive so that this EB-2 and EB-3 visa holders can stir up their process and but an American home.

“Immigrants are highly motivated to succeed and make themselves part of the culture that welcomes them to remain in their country,” says Ms. Danzig. “I remember when my father got his citizenship. I was about eight years old, and he picked me up and danced me around the room, he was so happy. Offer your support for a solution that works for hard-working immigrants as well as the U.S. economy today. These stable, risk-free mortgages will help to reverse the downward spiral into which our housing market has slumped and help it to soar upward again.”

 

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