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.

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