While interest - only loans push back full repayment and keep payments low for a time, they're not actually more affordable than normal loans. (valuepenguin.com)
A longer amortization period will keep your payments low while taking longer to pay off your mortgage. (bridgewaterbank.ca)
With a variable rate, you want to choose a repayment term that keeps your payments low enough to afford even if the rate increases. (studentloanhero.com)