Yes, it depends on how much you put down for a down payment, and how much you are making payments. The faster you pay off your loan, the less interest you will owe.
In my own opinion yes, but this is because interest rates have been ridiculously low and I'd want to lock down terms going forward. The risk of a variable interest or balloon loan is that your...
One of the risk of a variable rate loan is hat the interest rate will increase and therefore the money you have borrower monthly payment will increase to a point that you many not be able to repay....