The world's local bank
Become a homeowner sooner than you think
With as little as 5% down payment, you can own your own home.
How it works
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Puchase your home with a minimum down payment of 5% of its value.
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A straightforward mortgage — no complex requirements.
Is this the best mortgage for you?
The Traditional Mortgage is your best option, if you
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Are a first-time homebuyer.
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Have limited down payment options.
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Want to use the equity from your home.
Try our online mortgage calculator to find out how much you could borrow.
Not sure which mortgage suits you best? Compare our mortgages to find out.
New and Non-Canadian Residents
Mortgage Calculators
Protect yourself and your family
For your peace of mind and to protect your family, you may also be interested in:
- Mortgage Life Insurance
to have your mortgage paid in full in the event of your unexpected death. - Disability Insurance
to cover mortgage payments if you are unable to work for medical reasons.
Mortgage Help & Guidance
Traditional Mortgage Terms & Options
| If your down payment is less than 20% of the value of your home, your Traditional Mortgage must be insured by Canada Mortgage and Housing Corporation (CMHC). | |||||
| Term | Open |
6 months, or 1 year |
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Closed |
6 months, 1, 2, 3, 4, 5, 7, or 10 years |
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| Interest Rate | Fixed rate |
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Variable rate |
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| Payment Frequency | Choose what works best for you |
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| Prepayment | Pay off your mortgage faster |
Increase your payments by up to 20%. ----- or ----- Pay up to 20% of the original balance each year. |
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| Overpayment | Skip a payment |
Double one mortgage payment, skip another. |
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We're here to help
If you need help choosing, assessing or applying for an HSBC mortgage you can call us at 1 888 310 HSBC (4722). Alternatively, read our Mortgage FAQs or visit our Mortgages Resources for more information.
