This can be seen as the «front - end loading» effect, where high inflation (and thus high nominal interest rates) results in high debt servicing relative to income in the early years of the loan. (rba.gov.au)
While the final payoff may seem far off, making extra payments in the early years of the loan can help you save hundreds or thousands of dollars in interest. (investmentzen.com)
An Adjustable Rate Mortgage traditionally offers lower interest rates during the early years of the loan than fixed - rate loans. (mortgage-x.com)