The U.S. presidential election is a major event that can significantly shape the country’s future. At the heart of the election is the economy, a top concern for many voters. Tonight is the big night: the presidential debate between Joe Biden and Donald Trump. Although we at NW Private Lending are already wearied by how politics has caused so much division in our country, it’s also important to understand how the outcome might impact our wallets in the year to come. So while we have zero interest in telling you who to vote for, here’s our best shot at a balanced outlook of how this election will impact our economy in the months ahead.

Biden’s Second Term: What to Expect

If Joe Biden secures a second term, we’re likely to see more of his current policies continue. Here’s how another four years of Biden could shape the economy:

1. Infrastructure Boom: Biden loves his infrastructure projects. Think more construction jobs, better roads, and faster internet. This could mean more opportunities for everyone, from construction workers to tech-savvy entrepreneurs.
2. Green Energy Galore: Biden is big on fighting climate change and boosting renewable energy. Expect more solar panels, wind turbines, and green jobs sprouting up. This shift could mean new career paths and business opportunities in the green sector.
3. Tax Changes: Biden has talked about raising taxes on big corporations and wealthy individuals. More government revenue could fund public projects, but businesses might have mixed feelings about it.
4. Healthcare and Safety Nets: Expanding healthcare and social programs can help stabilize incomes for many Americans, leading to more consumer spending (and maybe a few less stressful doctor’s visits).
5. Regulations, Regulations: Biden’s administration leans towards more regulation, particularly in labor, environmental, and financial sectors. This means businesses might have to navigate more rules, but it could also lead to fairer practices.

Trump’s Potential Return: What’s on the Horizon?

If Donald Trump makes a comeback, expect a different set of economic policies. Here’s what could happen with Trump back in the driver’s seat:

1. Tax Cuts 2.0: Trump loves tax cuts. More tax reductions for individuals and corporations could put more money in our pockets and businesses’ coffers, potentially spurring growth.
2. Deregulation Bonanza: Trump’s first term was all about cutting red tape. Another term could see even fewer regulations, which businesses might appreciate for reducing costs and speeding up processes.
3. Trade Wars and Deals: Trump’s trade policies have been a rollercoaster, with tariffs and renegotiated deals. A return could mean more of the same, impacting prices and supply chains.
4. Energy Sector Boost: Trump supports fossil fuels. His policies could favor oil, gas, and coal, potentially lowering energy costs but slowing the transition to green energy.
5. Immigration Policy: Trump’s tough stance on immigration could affect labor markets, especially in industries that rely on immigrant workers.

Hard Money Lending and Non-QM Mortgage Loans: A Smart Move

As the election draws near, being informed and prepared for the economic shifts and opportunities is crucial. Whether you’re considering strategic investments or exploring alternative lending options, staying proactive will help you navigate the economic changes ahead. Here’s where hard money lending and non-QM mortgage loans come into play:

Hard Money Lending: In times of uncertainty, hard money lending is a quick and flexible way to finance real estate investments. Unlike traditional loans, these loans are easier to secure and faster to process, perfect for savvy investors.

For more details on hard money lending, visit NW Private Lending.

Non-QM Mortgage Loans: Non-QM (Non-Qualified Mortgage) loans are great for those who don’t fit the mold of conventional loans. If you’re self-employed, an investor, or have unique financial circumstances, non-QM loans offer a viable path to homeownership or investment.

Learn more about non-QM mortgage loans at NW Alternative Mortgage.

Get in Touch

Have questions or need personalized assistance? Reach out to us!

NW Private Lending
Phone: (503) 941-5473 / Email: info@nwprivatelending.com

NW Alternative Mortgage
Phone: (503) 343–7999 / Email: info@nwalternativemortgage.com