What is a Blended Rate?

March 19, 2024

Understanding your blended rate could be a key to financial freedom. When it comes to mortgages, many homeowners proudly boast about their low rates. But what if I told you that your mortgage rate is just one piece of the puzzle within your financial picture? It's important to consider your overall rate, known as your blended rate, which takes into account all of your debts and their respective rates, weighted by the outstanding balance.

Think about it. You might have a fantastic rate on your mortgage, but what about your auto loan? Your store credit cards? Maybe you've even dabbled in "buy now, pay later" schemes. When you add up all of these rates, your real blended rate could be much higher than you realize.


It's a situation that many individuals find themselves in, but the good news is that there are actionable steps you can take to improve your financial standing. By restructuring your debts and accelerating your payments, you can lower your blended rate and take control of your financial future.


If you're ready to unlock your path to financial prosperity, reach out to us today. Together, we can explore strategies to help you achieve your financial goals and secure a brighter future.

Share This Article

Poulsbo waterfront
By Nick Jeatran April 19, 2025
Discover the best home loans Kitsap County offers in 2025 with Nick Jeatran at New American Funding, from Bremerton first-time homebuyer loans to Silverdale VA home loans. Check Kitsap County mortgage
By Nick Jeatran April 16, 2025
Top Mortgage Options for Idaho Homebuyers in 2025
By Nick Jeatran April 13, 2025
Why Team Jet Home Loans Is Your Go-To Mortgage Lender in California 
Mount Rainier, Washington State
By Nick Jeatran Mortgage Loan Officer April 10, 2025
Here’s your county-by-county guide to Washington’s housing market as of March 27, 2025. Prices, inventory, and trends are shifting—find out what’s happening where you live and take the next step toward homeownership!
By Nick Jeatran April 5, 2025
Relocating to Washington State for the Military? Secure Your Home with Low-Rate VA Loans
By Nick Jeatran April 3, 2025
Tap Into Your Home’s Equity Fast with a HELOC: Your Guide to Quick Funding
By Nick Jeatran April 2, 2025
How Tech Pros in Washington State Can Use Equity and Smart Loans for Homeownership
March 27, 2025
If you're planning to buy a home in Washington State in 2025, understanding loan limits is a key step in navigating your mortgage options. Loan limits define the maximum amount you can borrow with a conforming loan—those backed by Fannie Mae and Freddie Mac—before you enter "jumbo" loan territory, which often comes with stricter requirements and higher interest rates. These limits vary by county, reflecting differences in local housing markets, with some areas designated as "high balance" due to elevated home prices. In this blog, we’ll dive into the 2025 conforming loan limits for Washington State, highlight the high balance areas, and provide a detailed breakdown for every county
November 23, 2024
I’ve been getting a lot of questions lately about what’s going on in the market after the election and the recent Fed meeting. Let me break it down for you!
October 30, 2024
New American Funding (NAF) and myself are deeply honored to serve Veterans, active-duty service members, and their families by helping them achieve the American dream of homeownership.
Show More

Interested in learning more?