: For the first few years, your payments cover only the interest charges. Your loan balance remains unchanged unless you choose to make voluntary principal payments.
: Once the introductory period ends, you must start repaying both interest and principal. interest loan mortgage
: Most of these loans are structured as adjustable-rate mortgages (ARMs) . This means your interest rate—and thus your payment—can fluctuate based on market conditions after the initial fixed-rate period ends. : For the first few years, your payments