Home equity information checklist | HSBC

Home Equity information checklist

The information you need to apply

To apply for an HSBC Home Equity Line of Choice^SM, please have the following information at hand:

• The repayment terms desired (length of the loan)
• Social Security Number or Tax Identification Number
• Date of birth
• Mother's maiden name
• Current address including length at residence
• Current email address
• Monthly mortgage/rent payment amount
• Annual income and employment information
• Other income sources for yourself and co-applicant (if applicable)
• Assets and property information, including purchase date, price, value, mortgage holder, balance, monthly payment, taxes, insurance and all names on the deed

For line increases, please provide your current HSBC home equity line account number.

What You Should Know:

During the credit process, you may be asked to provide copies of the following, if applicable:

• Copies of recent paystubs and W2s
• Copies of two years of Federal Tax returns, if self-employed
• Copy of your escrow analysis statement if your first mortgage is with a lender other than HSBC
• Copies of most recent property taxes if not escrowed
• Copy of your most recent deed

If your property is a Cooperative (Co-op), you will be asked to furnish copies of your:

• Complete signed proprietary lease
• Stock certificates
• Most recent Co-op corporation's financial statement
• Monthly maintenance statement