Discounted rates available! HSBC Premier customers qualify for discountsSM ** application.
Home Equity Line of ChoiceSM
Ideal ForHomeowners Who:
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‡
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.**
No annual fee.**
Pay no closing costs if account remains open 3+ years.**
Enjoy These Features
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‡
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 Line of Choice Disclosure
