What are blended mortgage payments?

Blended payments are a way to repay the loan which offers equivalent monthly payments (mixed) over an negotiated amortization period. The creditor charges the same amount of the principal per month, plus a gradually declining interest rate, in comparison to a principal+ interest plan.

Hello! :)

The answer to your question is

Blended mortgage payments are mostly about repaying loans.The part blended means combined. You still might be confused, let me say it more clearly.

Ok so...pretend that you took out a new loan. The loan you just taked out will be added to the loan amount you already had, with the amount of mortgages being blended/combined.

Hope this helps! :)