Home lone - short term vs long term benefit

Hi,

I have one basic query with Housing loan about pros and cons of long term or short term.

I think long term is better compared to short, because it will have low EMI and no pre-payment penalty.  So whenever it is possible, more amount can be paid as repayment and not worry about the Interest otherwise simply pay the monthly lowest EMI.   Please tell me whether it is the right decision or there is any other disadvange with it. Kindly clarify my query.

Thanks

Sakitram