The rising price of homes has many borrowers searching for 100%, with a blended mortgage option you acquire two mortgages and get the house you want.

A blended mortgage combines the amount the borrower owes under an existing mortgage with additional mortgage money required by the borrower. The interest rate for the new amount borrowed is a "blend" of the interest rate of the old mortgage and the interest rate for the additional amount to be borrowed.  In other words, a blended mortgage rate is the sum of all interest payments on both mortgage loans over the term, then that sum is divided by the sum of the balances of both mortgage loans over the same length of term. 

Mortgage Calculators - Use our mortgage calculators to calculate a mortgage payment, compare different mortgage loan options, and calculate how much mortgage you can afford.