drlove 37204 Report post Posted December 14, 2012 I'm two years into a five year fixed mortgage. I'm toying with the idea of a "blend and extend" new four year term, by the end of which I'll have my home paid off regardless. Now, some people say I will have to pay a penalty, while others say I will not. Does anyone know for sure? Also, can I still make my yearly 15% principal pre-payment on the original amount of my mortgage, or only on the "new" balance? Thanks. Quote Share this post Link to post Share on other sites