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But can't you also just sell the 7 years worth of equity you've built up over the start of a 30 mortgage almost as well? I will concede that the downside risk

But can't you also just sell the 7 years worth of equity you've built up over the start of a 30 mortgage almost as well? I will concede that the downside risk is higher with the (initially) higher priced property.

tdfx 8y ago
In a conventional mortgage, the proportion of interest you pay is frontloaded so that you're paying much more interest in the beginning of the loan. So in the first 7 years of a 30 year mortgage, you will have paid some principal, but the majority was interest.