Consider a longer-term mortgage if: You prefer lower monthly payments to manage your budget. Affordability is a priority, allowing you to allocate funds to other financial goals. You plan to sell or refinance in the near future.   Opt for a shorter-term mortgage if: Minimizing total interest payments is important. Building equity quickly is a priority. You plan to stay in the property for an extended period. Ultimately, the decision should align with your financial circumstances and goals. Consulting a mortgage advisor can provide personalized guidance.