Quote:
Originally Posted by MillerTime GFG
I'd wait if it were me. You may end up renewing for another year at that time, but I wouldn't blend and extend. Keep in mind that most blend and extend rates include a penalty built into your new blended rate. So while it's not out of pocket up front, you are paying for it.
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I've been able to blend and extend without an embedded penalty (and I've checked the math to be sure) multiple times when dealing with balance sheet lenders (ie uninsured mortgages at the big banks).
Monoline mortgage companies not so much.