Mortgage Offers | Mortgages | HSBC Canada

Mortgage Offers | Mortgages | HSBC Canada

 Trademark of HSBC Bank Canada

Rates are subject to change without notice.

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*  The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term assuming an appraisal 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. This rate is only available for personal mortgages, except Smart Savers 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.

** The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term with the appraisal fee of $300 waived. 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.

*** The variable rate is equal to HSBC Prime Rate -1.46%. The rate will change as HSBC’s Prime Rate changes. 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.

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1  A High Ratio Mortgage is a personal mortgage with a down payment of less than 20% of the purchase price. Applications are subject to credit approval. Rate displayed includes a 0.35%  or 0.25% discount off our Special Offer rate and is only available for high ratio 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. HSBC High Ratio Mortgage Rate Offer Terms and Conditions.

2  When you transfer a personal mortgage loan (“Mortgage”) to HSBC Bank Canada (“HSBC”). Applications are subject to credit approval. Rate displayed includes a 0.05% discount off our Special Offer rate and 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. HSBC Mortgage Switch Rate Offer Terms and Conditions.

When you purchase a property and obtain a personal mortgage loan (“Mortgage”) with HSBC Bank Canada (“HSBC”). Applications are subject to credit approval. Rate displayed includes a 0.05% discount off our Special Offer rate and 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. HSBC Mortgage Purchase Rate Offer Terms and Conditions.

4  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; 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.

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5 Mortgage pre-approval is available for a maximum mortgage amount of $1,000,000 CAD and applies to Traditional (Residential) or Equity Power Secured mortgages. Funds can be used for the purchase, or refinance from another financial institution. Owner occupied principal residence only. Single or multiple home owner applicants are allowed. Applies to single family dwelling and condominium/strata units only (excluding leaseholds and cooperatives). Application may be sole or joint applications (spousal or non-spousal) with a maximum of 2 applicants.