In a typical 30 - year fixed - rate mortgage scenario, the borrower will start out paying mostly interest during the first years of the repayment term. (homebuyinginstitute.com)
Variable interest rates can be alluring — a low initial APR can mean a lot of savings in the first few years of repayment. (studentloanhero.com)
This means you might not reduce the principal very quickly during the early years of the repayment term. (homebuyinginstitute.com)