[alfiedotwtf]

Mind blown. How did Australians get it so wrong then :(

Fixed for 30 years plus paying down the principal is genuinely mindblowing to me, especially at the fixed interest rates of last year.

[cardiffspaceman]

There are quite a few mortgages in the states that don't pay the principal until the end, but it creates drama at the end. Some friends of mine went that route and when the principal came due after 5 years, lots of assumptions turned out to be wrong and they had to sell to pay back the principal.

[alfiedotwtf]

Yikes. Yeah, that sounds like how normal fixed-interest works here :(