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HSBC Traditional (Residential) Mortgage

Simplify the process of buying a home

Become a homeowner sooner than you think

The HSBC Traditional (Residential) 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.

Features & benefits

  • Pay down your mortgage faster with flexible early payment options allowing you to prepay up to 20% of the original mortgage amount or by increasing the payment amount up to a total of 20% each year.1 You can also make a match a payment and miss one later.2


  • Already enrolled in the Rewards Program with your HSBC Mastercard®? Redeem Reward Points3 to reduce your mortgage amount.

  • Make payments weekly, bi-weekly, semi-monthly, or monthly.

Terms & options


  • Lock in a competitive fixed rate

  • Know exactly how much principal and interest you pay each term

  • Amortize up to 30 years


  • Take advantage of competitive variable rates

  • Renew early

  • Amortize up to 30 years

How to apply

New to HSBC

Start your application for an HSBC Traditional (Residential) 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.

Your use of this site, including this application, is subject to the Website Use Agreement  which includes important terms about the security of the information you submit by this application.  Your use of this site signifies your agreement to the Website Use Agreement. Your information is not stored on our systems if you do not submit this application. Whether or not you submit your application, your personal information can still be displayed by clicking the back button. For security, it is advised that you close your browser after using this site.

® Mastercard is a registered trademark of Mastercard International Incorporated. Used pursuant to license.

How 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.

Applies to HSBC mortgages with HSBC repayment account only.

To 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.

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