Definitions for "Blended Payments"
Payments which include both interest and principle.
A method of repayment where principal and interest remain constant in their amount. Blended Mortgage: If your mortgage is portable - and you need extra funds the new mortgage can be added to the old and the rate/term is blended. Some lenders also offer Split Mortgages so you can take a new term for the extra funds.
Equal payments consisting of both and interest and principle component.