Refinance

HARP PROGRAMS HAVE EXPIRED, BUT WE HAVE MANY ALTERNATIVES!
HARP • HARP 2.O REFINANCE ALTERNATIVES

Having a mortgage could prove to be the biggest and most important investment decision of your lifetime and choosing the right mortgage is a critical part of the decision making!  At Progressive Lending Solutions, we offer some of the most competitive fixed rate mortgages in Minnesota and Wisconsin.

Whether you’re looking for a 15-year loan or a 30-year loan, a fixed rate mortgage could provide financial stability in a world of economic uncertainty.

HARP was a Federal Refinance program of the United States, set up by the Federal Housing Finance Agency in March of 2009 to help underwater and near-underwater homeowners refinance into today’s historically low interest rates.  This program expired in 2018.  An estimated 900,000 + homeowners  benefited from the Home Affordable Refinance Program (HARP).  Today, depending on the underwriting program, many times an appraisal on the home is NOT needed with a Conventional Refinance loan, very similiar to the way the HARP loan was set up.

BUY DOWN

The process of trading money for a lower mortgage rate. The borrower “buys down” the interest rate on a mortgage by paying discount points up front.

APPRAISAL

An estimate of market value placed on all real property and mobile homes. There are two kinds of appraisals: mass appraisal and fee appraisal.

POINTS

A point equals 1 percent of a mortgage or other loan. Some lenders charge “origination points” to cover expenses of making a loan.

CLOSING COSTS

Expenses incurred by buyers and sellers when transferring ownership of property. Closing can include lender fees, title charges, escrow and pre-paid items.

YOUR MORTGAGE REFINANCE. OUR COMMITMENT..

“Progressive Lending Solutions prides itself on incorporating unparalleled services with timely responsiveness to our clients. Our competitive advantage is the product of our experienced, knowledgeable and committed team of professionals poised to provide comprehensive consulting within the Mortgage Industry.”

JOE BECKER • PRESIDENT

LET’S WORK TOGETHER

We work as a single united team, are market leading mortgage professionals and we give our clients the highest quality advice possible.