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Rates are subject to change without notice and are applicable to First Mortgages only. For information and to confirm most recent rates, please contact any HSBC branch. Some restrictions apply.
* The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term assuming a property valuation fee of $300. APR includes all interest and some non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. Rate is only available for residential mortgages, a higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC's standard lending guidelines. Applications are subject to credit approval.
1 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.
2 Applies to HSBC mortgage with HSBC repayment.
3 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.
4 Lesser of appraised value or purchase price at time of application.
5 HSBC Premier requires you to have an active HSBC Premier chequing account, and either (i) personal deposits & investments totalling $100,000 or more; or (ii) hold a personal mortgage with an original amount of $500,000 or greater; or (iii) $6,500 minimum monthly income deposits; or (iv) you qualify for HSBC Premier in another country, OR achieve the thresholds noted in points (i) and (ii) above by combining you and your spouse or common law partner’s balances through our Household Qualification Program.
Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges Statement of Disclosure.
6 HSBC Advance requires you to have an active HSBC Advance chequing account, and either (i) maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or more, or (ii) hold personal HSBC Bank Canada residential mortgage with original amount of $150,000 or more. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the conditions above. For full details regarding any fees which may apply please refer to the Personal Service Charges Statement of Disclosure.
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