Traditional Mortgage | HSBC Canada

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HSBC Traditional (Residential) Mortgage

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.

Keep your mortgage needs simple

How to apply How to apply for an HSBC Traditional Mortgage

Today's best rates

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

Fixed

Lock in a competitive fixed rate
Know exactly how much principal and interest you pay each term
Amortize up to 30 years

Variable

Take advantage of competitive variable rates
Renew early
Amortize up to 30 years

How to apply

You are at least the age of majority, 18 or 19 years of age depending on your province of residence.
You are a Canadian resident.
You will be asked to provide personal details and gross annual income (pre-tax).
You will be asked to consent to us obtaining your credit report.
If you are applying for a joint loan, the co-applicant must complete the application. If there is more than one co-applicant, please call us to proceed at 1-866-609-4722.
All mortgages are subject to standard credit approval.

New to HSBC

Start your application for an HSBC Traditional (Residential) Mortgage securely online.

Apply now

Existing HSBC customer

Start your application online, and you'll hear back from us within 1 business day.

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Need help?

Call: 1-866-609-4722

Visit an HSBC branch

All mortgages are subject to standard credit approval.

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

¹How 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.

²Applies to HSBC mortgages with HSBC repayment account only.

³To 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.

HSBC Traditional (Residential) Mortgage