The interest rate may be your main consideration if you expect to stay
in your house for a long time. With a fixed-rate mortgage, you can be
sure that your interest rate will stay the same for the entire life
of your loan. Fixed-rate mortgages are available in a variety of repayment
terms, with 15, 20, and 30 years the most common. In California and most
of the US longer mortgage terms make more sense because the interest
can be deducted from your income taxes. It is best to speak with a Redwood City
California mortgage broker before deciding on the term of your mortgage.