Mortgage Rates, Mortgage Rate Canada, Loan Rates | HSBC Canada

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Competitive rates on HSBC mortgages

Owning property is exciting and rewarding, especially when you have the mortgage that’s right for you and your family. That’s why we’ll work with you to customize the mortgage that best suits your needs. Current mortgage rates are listed below.




Special Offers




HSBC Premier customers*** HSBC Advance customers*** Personal rates*** HSBC Smart Savers Mortgage****
Fixed
2 year Fixed Closed 2.55% 2.65% 2.75% -
5 year Fixed Closed 2.99% 3.09% 3.19% 4.50%
Variable - - - -
5 year Variable ** Closed 2.35% 2.45% 2.55% 3.25%





Eligibility criteria:  HSBC Premier – click here    |    HSBC Advance – click here
APR:  click here




Posted Fixed Rate Mortgages




Open Term Rate
6 months 6.20%
1 year 6.35%



Closed Term Rate
6 months 4.45%
1 year 3.60%
2 year 3.95%
3 year 4.45%
4 year 4.99%
5 year 5.34%
7 year 6.30%
10 year 6.50%






Posted Variable Rate Mortgages**




Open Term Rate
3 year 4.00%



Closed Term Rate
5 year 3.10%






Prime Rate / US Base Rate




Prime Rate US Base Rate
Rate per annum 3.00% 3.75%







APR*




HSBC Premier HSBC Advance Personal rates HSBC Smart Savers Mortgage
Fixed
2 year Fixed Closed 2.58% APR* 2.68% APR* 2.78% APR* -
5 year Fixed Closed 3.00% APR* 3.10% APR* 3.20% APR* 4.50% APR*
5 year Variable ** Closed 2.38% APR* 2.48% APR* 2.58% APR* 3.26% APR*





* The annual percentage rate (APR) is based on a $ 200,000 mortgage for the applicable term assuming a property valuation fee of $250. APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non–interest charges, the annual interest rate and APR will be the same.

All rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. Some restrictions apply. Revenue property rates available upon request.

**Actual rate will vary depending on fluctuations to HSBC Prime Rate. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. Mortgage Rates above are applicable to First Mortgages only. Some restrictions apply.

*** Rates apply to traditional and Equity Power Mortgages. Rates subject to change without notice.

**** HSBC Smart Savers Mortgage rates assume no savings linked to the mortgage.
HSBC Smart Savers Mortgage® is a registered trademark of HSBC Holdings plc, used under license by HSBC Bank Canada.

HSBC Premier eligibility requires you to have an active Premier chequing account and maintain a $100,000 balance in combined personal deposits and investments with HSBC Bank Canada and its subsidiaries. Monthly banking package fees may apply.

The HSBC Advance package is comprised of four products — HSBC Advance Chequing account, High Rate Savings Account (additional fees may apply), HSBC Advance MasterCard®1 and access to a personal line of credit. The HSBC Advance Chequing, MasterCard and personal line of credit are subject to credit adjudication and approval. The monthly minimum balance for HSBC Advance is $25,000 CAD in combined personal deposit and/ or investments with HSBC Bank Canada or its subsidiaries. A monthly fee of $25 will be applied if your balance is below $25,000 CAD. New customers have three months from the date of account opening to consolidate the $25,000 CAD minimum balance without incurring the monthly fee. Customers who have moved to Canada within the past three years (proof of landed immigrant, foreign worker or residency status is required) have 12 months from the date of account opening to consolidate the $25,000 CAD minimum balance without incurring the monthly fee. HSBC Advance requires you to have an active HSBC Advance Chequing account. When applicable, the $25 monthly fee will be debited from your HSBC Advance Chequing account. The HSBC Advance package includes Telephone and Personal Internet Banking withdrawals, bill payments, pre-authorized debits, Interac®2 payments , cheques and unlimited deposits and withdrawals from any HSBC Bank Canada and THE EXCHANGE®3 ATMs. Transaction fees will be charged for other services not included in the package, please refer to the Advance MasterCard® Rates & Fees as well as the Personal Service Charges brochure. If you do not wish to apply for the HSBC Advance suite of products, similar products are available separately by calling 1.888.310.4722 or visit a branch.

1MasterCard is a registered trademark of MasterCard International Incorporated. Used pursuant to license.

2Interac. Trade-mark of Interac Inc. HSBC Bank Canada authorized user of the trade-mark.
3 THE EXCHANGE. User licensed in Canada by FICANEX Services Limited partnership on behalf of Fiserv EFT.

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Apply for an HSBC Traditional Mortgage

Apply for an HSBC Traditional Mortgage

We make it easy for you to apply for a mortgage online. To help you with the application process we will ask you some pre-qualifying information. This will help us determine the questions on the application form.

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Exclusively for HSBC Premier Customers

Exclusive Mortgage Rates1

Term HSBC Premier Mortgage Rate
1 Year Fixed Closed 2.60% APR2
3 Year Fixed Closed 2.88% APR2
5 Year Fixed Closed 3.39% APR2
5 Year Variable3 Closed 2.90% APR2
5 Year Fixed Rate Smart Savers® 4.50%(a) can drop to 2.25%(b)

Take advantage of these competitive mortgage rates today!

Offers are valid from October 4, 2010. Rates quoted are on a per annum basis and are subject to change without notice. These offers are valid for HSBC Premier customers only. Offers may be withdrawn, amended or extended without notice.

1 Standard lending qualification criteria apply. Rates above are applicable to First Mortgages only.

2 APR (Annual Percentage Rate) calculation assumes no fees will be charged.

3 Based on HSBC's Prime Rate of 3.00% posted on September 9, 2010. Actual rate will vary depending on fluctuations to the HSBC Prime Rate.

HSBC Smart Savers Mortgage® is a registered trademark of HSBC Holdings plc, used under license by HSBC Bank Canada.
(a) Smart Savers Mortgage rates assume no savings linked to the mortgage.
(b) The mortgage interest rate can be reduced by a maximum of 50% each month, by having the equivalent of 50% of your outstanding Mortgage Balance in linked deposits to calculate your interest rate for the following month.

HSBC Premier eligibility requires you to have an active Premier chequing account and maintain a $100,000 balance in combined personal deposits and investments with HSBC Bank Canada and its subsidiaries. Monthly banking package fees may apply.