When you want the security of a fixed monthly payment for the life of your mortgage.
When you want to maximize your home purchasing power.
When you want to maximize your home purchasing power but want the option of a fixed payment over the long term.
When you want to build a house.
When you want to purchase or build your first home, but need to minimize both the down payment and your monthly mortgage payments.
When you want to tap the appraised value of your home with a variable interest rate credit line.
When you want a fixed-interest rate loan that borrows against the appraised value of your home.