Make the equity in your home work for you
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 to simplify your borrowing needs.
Apply for an Equity Power Mortgage today
Features & benefits
Use the equity for a home renovation, dream vacation, your child’s education, or make a major purchase
Access up to 80% of the value of your home1.
Save money
Consolidate high-interest debt and reduce the amount of interest you pay.
Access the equity as a secured line of credit or personal loan2 or additional mortgage tier
Flexible rate options
Benefit from a combination of fixed and variable terms.
Flexibility of having a blend of long and short terms
Make payments weekly, bi-weekly, semi-monthly, monthly
Already enrolled in the Rewards Program with your HSBC Mastercard®? Redeem Reward Points5 to reduce your mortgage amount.
Terms & options
Fixed
Lock in a competitive fixed rate
Know exactly how much principal and interest you pay for the term
Amortize up to 30 years
Variable
Take advantage of a competitive variable rate
Renew early
Amortize up to 30 years
Pay less interest
Lower your interest rate with a combination of terms, rates, payment options, and amortization schedules
How to apply
New to HSBC
Start your application for an HSBC Equity Power Mortgage securely online.
Existing HSBC customer
Start your application online, and you'll hear back from us within 1 business day.
All mortgages are subject to standard credit approval .
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1Lesser of appraised value or purchase price at time of application.
2Each product subject to credit approval.
3How much you can prepay depends upon the type of mortgage you have. If you hold an open mortgage and your installment payments are up to date, you can pay some or all of your mortgage loan at any time without penalty. If you hold a Variable Closed mortgage, during the first three years if your installment payments are up to date OR if you hold a Fixed Closed mortgage and your installment payments are up to date, you may make three types of extra payments without penalty: 1) On any anniversary date of the mortgage loan, you may make a lump sum payment up to 20% of the original principal amount, minimum of $100; 2) Along with any installment payment, you may make an extra payment in the same amount as your installment payment; 3) Once a year, you may increase your installment payment up to 20% for 12 months. The total extra and increased payments in a year cannot be more than 20% of the original principle amount. If you hold a Variable Closed mortgage after the first three years, your mortgage becomes an open term where you may pay some or all of your mortgage loan without penalty.
4Applies to HSBC mortgages with HSBC repayment account only.
5To redeem Rewards Points, you must be the primary cardholder and currently enrolled in the HSBC Rewards Program. All Terms and Conditions of the applicable HSBC Rewards Program apply to this offer.