United States
HSBC - The World's Local Bank
Mortgage | Home Equity

Home Equity Choices!

Now you have more home equity choices to meet your needs.
Your home's equity can be used for many reasons: Home improvement, tuition, for consolidating
your bills -- even creating your own business! Let us help you determine the best plan to meet your
needs -- and your budget.

Ready to Apply?

 

Discounted rates available!
Plus Checking, EmployeePlusBankingSM and HSBC Premier customers qualify for discounts
on a new Home Equity Line of ChoiceSM** or Home Equity Loan* application.

    Home Equity Loan Home Equity Line of ChoiceSM
Ideal For
Homeowners 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‡
  • 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)
  • 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 examples
** Click here for Home Equity Line of Choice Disclosure

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