Borrowers should keep in mind that lower interest rates at the beginning of a loan result in more actual savings than lower interest rates towards the end of a loan since the principal is lower as time goes by (interest charged is a percentage of the current loan balance). (thesimpledollar.com)
The benefit of these loans is that you will typically get a lower fixed interest rate at the beginning of the loan term. (studentloans.net)
If you opt for an adjustable rate mortgage, your mortgage rate will be low in the beginning of your loan term but will then increase as time passes. (smartasset.com)