The deduction can be especially beneficial for borrowers with new loans because interest charges on mortgages are typically steeper in the early years of the mortgage's term. (gobankingrates.com)
Interest - only loans let you make lower payments in the early years of your mortgage — often, the first five. (themortgagereports.com)
Most of the monthly payments go toward interest during the early years of a mortgage. (loanbiz.com)