You know the interest rate, if it's fixed or not, the term, and whether or not
you can prepay, I hope. Do you?

Yup, those things at least are quite similar to the UK, not what they
typically are but the words used! We got a pretty good fixed rate for
the time, term 30 years and I can't remember the specifics of the
prepay, but if it wasn't free we definitely judged that it was worth it
for whatever number we considered as a minimum length of time before we
sold the house.

Cheers
Anne