You are right that mortgage term varies from 1 to 5 years. However, mortgage amortization period ( 20 yrs, 25 yrs) affects on your monthly payment, and significantly on total interests paid.
Rolia DXs: I wanna buy a house. I'm a first time home buyer. I know that most people choose 25 years mortgage. But I wanna choose 20 years mortgage. Is there someone sharing the same choice with me?