Refinance your mortgage | HSBC

Save money with low refinancing rates

Refinancing with HSBC could be a great option for you. Maybe you want to lower your interest rates and save money every month. You might want extra cash for remodeling or renovating your home. Maybe your child is ready to attend college and you want to use the equity in your home as a low-cost funding source.

Whatever the reason, we're here to help you make the process as easy as possible. We offer two choices that can meet your needs: Full Documentation Refinance Programs and Streamline Refinance Programs.

Full-documentation Refinance Programs

There are two types of full-documentation refinances that HSBC offers: Rate/Term Refinances and Cash Out Refinances.

• A Rate/Term Refinance allows you to pay off your existing mortgage and include the new closing costs in the new mortgage amount. This type of refinance program can be used to reduce your interest rate, loan term or both.
• A Cash Out Refinance allows you to turn the equity you have built up in your home into cash which you can use for a variety of purposes. Many of our programs allow for cash out.

Streamline Refinance Programs

If your existing loan has a higher-than-market interest rate, you may be eligible for a "streamline" refinance program at HSBC. Streamline Refinances allow you to lower your interest rate and monthly payment while requiring a minimal amount of documentation. (Cash out at closing is not allowed for any of these programs).

VA refinance loans are not available in Alaska and Hawaii.

To start a new refinancing application, call 888.346.1717 today.

For more information read the Consumer Guide to Mortgage Refinancings.