Adjustable Rate Mortgages
HSBC's Adjustable Rate Mortgage (ARM)
programs offer you the flexibility of an initial
interest rate and payment lower than a
standard fixed rate mortgage, which may
allow you to qualify for a larger mortgage
amount. ARM mortgages may also be a great
option for homebuyers who do not plan to
stay in their current home for a long period
Click on a product name below to see more details.
Conforming ARM Loans:
HSBC's fixed term LIBOR adjustable rate mortgage (ARM) programs are excellent financing options if you're looking for a lower initial monthly principal and interest payment. You'll have the security of lower payments during the initial 3, 5, 7 or 10 year fixed term, and rates that may change after the fixed term is completed. This gives you more cash when setting up your home to buy your new furniture, appliances and other amenities. They also make a great choice if you know you are not going to be in the home for a long period of time, such as when your employer makes frequent relocation necessary. ARMs can provide you with the comforts of home, rather than selecting an apartment. Fixed term LIBOR ARMs are available for 1-4 family primary residences and investment properties, and 1-family second homes based on the following loan amounts.
|Maximum Loan Amount
Click here* to view payment examples.
Premier Deluxe ARM Loans:
HSBC's Premier Deluxe ARM program offers the same excellent financing options as the conforming ARMs. You'll also have the same lower initial monthly principal and interest payment as well as the same 3, 5, 7, or 10 year fixed term options. Premier Deluxe ARMs are available for 1-4 family primary residences, 1-2 family investment property and 1-family second homes. Loan amounts are available for purchase and refinance transactions up to $5,000,000. And as a Premier client, you will receive our best rates.
Interest Only ARM Loans:
HSBC's Conforming and Premier Deluxe Adjustable Rate Mortgage (ARM) programs offer the flexibility of a lower initial monthly payment by allowing you to pay interest-only during a predetermined period. The money that you would pay toward principal under a standard mortgage program is now freed up for other investments or purchases. The interest-only period is the first 10 years of the loan, with principal and interest repayment over the remaining years. You can even make principal payments without penalty at any time during the interest-only period. Your monthly payment during the interest-only period will be adjusted to reflect any principal payments you make.
These programs are an excellent alternative to standard mortgage financing and are available for purchase and refinance transactions on 1-4 family primary residences, second homes, and investment properties.
Click here* for more information regarding Interest Only Arms.
* Viewing PDF files require the use of Adobe Acrobat Reader. If you do not already have Adobe Acrobat Reader, you can download it online. After downloading the software, follow the instructions for installing the program. If you prefer, you can always download the files now and open them offline later.