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Mortgage Resources
Whether you’re a first-time homebuyer or purchasing a home for the second or third time, the journey to owning a valuable piece of real estate is exciting, and rewarding.
There are so many decisions to be made, and they are decisions that have long-term consequences. Yet there are many experts with specialized advice who are ready to help you make the best choices for you, your family, and your future.
HSBC offers a variety of ways for you to save money on your mortgage and be mortgage-free faster. Choose the options that best suit your lifestyle, budget, and long-term financial needs.
- Link your savings to your mortgage
- Use your HSBC MasterCard® Rewards Points
- Increase the amount of your payments
- Increase the frequency of your payments
Link your savings to your mortgage
With HSBC Canada’s innovative Smart Savers MortgageTM, you can use your savings to:
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Reduce the amount of interest you pay.
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Pay off your mortgage faster.
The more savings you have, the less mortgage interest you pay. It’s that simple.
Use our online mortgage calculator to find out how much you can save.
Use your HSBC MasterCard® Rewards Points
'Master Your Mortgage' by using your HSBC MasterCard® Rewards Points to pay down your mortgage faster.
We’re doubling the amount of the credit to your HSBC Mortgage Account when you redeem Rewards Points before December 31st 2009!
Increase the amount of your payments
By increasing your mortgage payments by 20% or by paying up to 20% of the original balance each year, you can significantly reduce your outstanding mortgage principal, reduce the total amount of mortgage interest you pay, and own your home faster.
Use our online mortgage calculator to find out how much faster.
Increase the frequency of your payments
Increasing the frequency of your payments can greatly reduce the amount of interest you pay and, therefore, reduce the number of years it takes to pay off your mortgage.
This is because a certain percentage of each payment is applied to both the interest and the principal. The balance owing on your mortgage determines how much is interest. As the balance outstanding reduces, less of your payment goes to interest and more comes off the balance.
Read more about our mortgage payment frequency options.
Use our mortgage payment calculator to see what difference changing your payment frequency can make for you.
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.
