Find and compare our mortgages and discover which HSBC mortgage you feel most at home with.

Choose a mortgage solution that fits your needs and your budget

Make the best choices for you, your family and your future, with mortgage solutions from HSBC. You'll receive assistance with each step of the home-buying process, including helpful tips and checklists.

HSBC Traditional Mortgage

The HSBC Traditional mortgage is an ideal choice if you are a first-time homebuyer, have limited down payment options and want to build equity in your home.

How it works

Purchase with a minimum down payment of 5% of the home's value and after that, you simply make monthly payments.

Rates

Preferred rates for HSBC Premier and HSBC Advance clients.

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HSBC Smart Saver Mortgage

The HSBC Smart Savers Mortgage is an ideal choice if you want to keep your savings accessible without putting down a large down payment.

How it works

You can link your Canadian HSBC accounts to your mortgage such as a Regular Savings account or High Rate Savings Account.

Rates

Preferred rates for HSBC Premier and HSBC Advance clients.

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HSBC Equity Power Mortgage

The HSBC Equity Power Mortgage is an ideal choice if you want to use the equity you've built up in your home for important goals or simplify all your borrowing needs.

How it works

Borrow up to 80% of your home's appraised value and pay down your mortgage faster with a blend of long and short terms.

Rates

Preferred rates for HSBC Premier and HSBC Advance clients.

Full details Call me
 

Have a question? Speak to a mortgage specialist at 1-866-609-4722

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Need to talk to us?

Our mortgage specialists are here to help.

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If you would like a face-to-face chat, just pop in to a branch.

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What is a down payment and how much do I need to buy a home?

A mortgage down payment is the amount of money you have saved to purchase your home. You can have as little as 5% of the purchase price amount for a down payment to qualify for a mortgage.

Calculate your mortgage payments

If you are a first-time homebuyer, you may be able to use your RRSP for a down payment.

Learn more

What is amortization and a mortgage term?

Amortization is the estimated number of years it will take to pay off your mortgage. Amortization periods range up to 30 years. The longer your amortization is, the lower your mortgage payments will be, but the higher the total amount of interest you'll pay over the life of the mortgage.

A mortgage term is the length of time you agree to a specific mortgage interest rate and a set payment schedule. A mortgage term can range from as little as 6 months to as long as 10 years. At the end of a term, you can agree to a new interest rate and payment schedule (renew the mortgage), or you can pay off your mortgage in full.

You may have several mortgage terms during the amortization period.

What's the difference between a fixed rate mortgage and a variable rate mortgage?

A fixed rate mortgage allows you to lock in a specific annual interest rate for a certain period of time, known as the term. Terms range from 6 months to 10 years. The interest rate and the payments on the mortgage remain the same for the length of your term. As you make payments and the principal amount is reduced, more of the mortgage payment is applied to the principal and less of the payment is applied to the interest. Because the interest rate does not change throughout the term, you know in advance the amount of interest you will pay and how much principal you will owe at the end of your term.

With a variable rate mortgage, the annual interest rate is based on the Bank's Prime Rate plus or minus a specified percentage. The interest rate changes with the Bank's Prime Rate. Variable mortgage terms range from 3 or 5 years. The regular mortgage payment is a fixed amount. As interest rates fall more of the payment is applied to the principal, and as rates rise, more of the payment is applied to the interest. The regular mortgage payment may be adjusted if the amount of your payment is not enough to cover the interest portion of the payment. Because the interest rate changes, it is not possible to know in advance how much interest you will pay and how much principal you will owe at the end of your term. You can convert a variable rate mortgage into a fixed rate mortgage of the same or longer term at any time during your term without additional cost.

My mortgage is up for renewal, what should I do?

This means that your mortgage term has come to an end and you can renegotiate for a new interest rate, term, and payment schedule. This is also the time to make a larger payment (lump sum payment) without pre-payment penalties on your mortgage to help pay it off sooner.

  • New to HSBC? Call an HSBC mortgage advisor at 1-888-310-4722 or visit your local branch
  • Already an HSBC client? You may be eligible for a preferred rate as an HSBC Premier1 or HSBC Advance2 client.

Learn more about HSBC Premier
Learn more about HSBC Advance

I'm considering purchasing a home soon, what do I do first?

Your first steps should include: finding out how much you can borrow, determining how much you can afford, and getting a pre-approved mortgage.

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