Discounted rates available! Interest Checking , EmployeePlusBanking SM HSBC Premier customers qualify for discountsSM ** or Home Equity Loan* application.
Home Equity Loan Home Equity Line of ChoiceSM
Ideal ForHomeowners who:
have a one-time only need and anticipate no future expenditures.
prefer the security of a fixed rate loan.
would like the flexibility of a line of credit along with the security of a fixed rate loan.
want greater control over their finances.
prefer the use of line of credit checks.
Terms Available‡
Loan amounts from $10,000 to $350,000 for qualified applicants. (Up to $500,000 for HSBC Premier customers)
Flexible terms of 5 to 20 years.*
Line amounts from $10,000 to $350,000 for qualified applicants. (Up to $500,000 for HSBC Premier customers)
Access period - 10 years (Interest-only option or principal and interest option)‡
Repayment period - 20 years principal and interest. At the end of the ten (10) year access period, the line will amortize once over 240 months.
Benefits‡
No application fees.*
Pay no closing costs if account remains open 3+ years.*
No application fees.**
No annual fee.**
Pay no closing costs if account remains open 3+ years.**
Enjoy These Features
Borrow up to 80% of your equity for qualified applicants. (Up to 85% for Premier customers)
Lock in a competitive rate.
Budget for repayment.
Interest may be tax deductible. Consult your tax advisor.
Request up to three fixed rate loans while retaining a variable rate line of credit in one convenient account
Borrow up to 80% of your equity for qualified applicants. (Up to 85% for Premier customers)
Use the money you need, when you need it.
Obtain the money you need simply by writing checks.
Interest may be tax deductible. Consult your tax advisor.
Additional Options‡
Blended Mortgage combining a home equity with a first mortgage to help you avoid paying private mortgage insurance or the higher interest rate usually associated with a jumbo mortgage.15-year Balloon Option* on Home Equity Loans with monthly payments based on a 30-year repayment term with a balloon payment due at the end of 15 years.
Stated Income: Borrower's income is listed on the application but not verified, resulting in reduced documentation. Option available only for Premier customers. (Not available in Maine or Minnesota)
Blended Mortgage combining a home equity with a first mortgage to help you avoid paying private mortgage insurance or the higher interest rate usually associated with a jumbo mortgage.Stated Income: Borrower's income is listed on the application but not verified, resulting in reduced documentation. Option available only for Premier customers. (Not available in Maine or Minnesota)
Line increases for current HSBC Home Equity customers.
‡ Click here for information regarding home equity products with Interest Only Options, Early Termination Fees and Reduced Documentation.
* Click here for Home Equity Loan Disclosure and payment examplesClick here for Home Equity Line of Choice Disclosure
