“This Client is a Victim of Obamacare”
This post was written by mortgage professional Joe Petrowsky from Manchester, CT. I usually stay away from anything even remotely political but when I read this I knew I had to add this post to my blog. There is something seriously wrong when people are working as hard as they can especially in more than 1 job and cannot realize their goal and the joy of the "American dream" of owning their own home.
“This Client is a Victim of Obamacare”
Danielle graduated college and is having difficulty getting full-time employment. She has taken two part-time jobs, 24 hours a week for one and 20 hours for the other since getting out of school.
One of her goals after graduating was to purchase a home instead of renting. Her parents are going to gift her the down payment, so she came to me to get preapproved for a mortgage.
Here is the problem, she doesn’t have a full-time job, rather two part-time jobs. Neither of the two employers she has, want to take on any additional full-time employees because they will soon be liable for health insurance. She told me that both employers are reducing their full-time employees in preparation of the health care laws that will be going into effect in 2014.
Almost all Lenders view Danielle as having part-time employment and won’t approve a loan for her, even though she has the two part-time jobs and is working over 40 hours per week and certainly makes a sufficient income to pay a mortgage. I will keep searching for a lender that will understand Danielle’s situation and be able to do a mortgage for her.
Danielle is just one of the many victims of Obamacare and there will be many more. I recently read an article about two companies that were sharing employees to avoid full time employment. In the months ahead, more of these situations will come to light. Obamacare is a disaster and the sooner it is repealed the better for America.
image courtesy of ponsulak/freedigitalphotos.net
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Email: joe@righttracfg.com
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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