Welcome zaid,
If you can afford to pay an interest rate of 7.25% on your mortgage, then it'll be a good option to go for the 5 years loan offered to you by the lender. You'll be able to own the property free and clear within the next 5 years. If you can't afford the high interest rate, then you should go for the 10 year loan.
If you can afford to pay an interest rate of 7.25% on your mortgage, then it'll be a good option to go for the 5 years loan offered to you by the lender. You'll be able to own the property free and clear within the next 5 years. If you can't afford the high interest rate, then you should go for the 10 year loan.