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Mortgage refinancing

Refinancing could help you lower your monthly payments, pay off your mortgage early or access the equity in your home.

We make refinancing your home simple

When you refinance, you replace your current mortgage with a new one. The new mortgage could reduce your interest rate, loan term or both. This is called a Limited Cash Out Refinance. You can even include the closing costs in the new mortgage amount.

If you're not looking to pay off your mortgage early or lower your monthly payments, you can refinance your mortgage to access the equity in your home. You can use the funds for home renovations, debt consolidation[@debtconsolidation] or other major expenses. This is called a Cash Out Refinance.

Our refinance mortgage rates

Find out more about refinancing with us, and get a quote based on our most up-to-date rates.

Cash-out refinance options

There are 3 cash-out refinance options available. Choose the one that works best for your needs.

  • Limited cash-out refinance: pay off your existing mortgage, and include closing costs in your new loan amount if you like. This option may allow you to reduce your interest rate, loan term, or both.
  • Cash-out refinance: pay off your existing mortgage and access additional funds in your new mortgage loan amount. This option allows you to turn your home’s equity into a source of funds for life’s major expenses.
  • Cash-out refinance - all cash purchase[@cashoutrealtor]: reimburse yourself by obtaining a mortgage within 6 months of your all-cash purchase, without the additional interest charged on a typical refinance transaction.

Top reasons to refinance

  • Lower your monthly payments
    Take advantage of favorable mortgage rates to possibly lower your payment and improve your monthly cash flow.
  • Pay off your mortgage early
    Pay off your home mortgage sooner by refinancing for a shorter term. While your monthly payments may be higher, you may pay less interest over the life of the loan.
  • Access equity in your home
    By refinancing, you can access the equity in your home to obtain funds for home renovations, tuition payments, debt consolidation or other major expenses.
  • Move from an ARM to a fixed rate mortgage
    If you currently have an adjustable rate mortgage (ARM)[@arm] that will reset soon and are concerned about rising rates, consider switching to a fixed rate mortgage. This would allow you to enjoy the convenience of a stable monthly payment.

Our mortgage products

 

For borrowers with no HSBC relationship or existing customers with less than $25,000 in combined personal deposit and investment balances. 

 

Borrow up to $2 million, plus get $750 toward closing costs. 

 

Access up to $5 million in financing and get $1,000 towards closing costs. 

Ready to apply?

Take the first step to refinance your home.

You might be interested in

 

Find out how to manage your mortgage online, access your home's equity, and much more. 

 

Explore the different types of mortgages available and find the right one for your needs. 

 

Here’s a step-by-step guide outlining the journey to home ownership and the estimated timeframes involved. 

Additional information

    Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for properties located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be canceled or are subject to change at any time and cannot be combined with any other offer or discount.

    If you are a service member on active duty looking to refinance your mortgage loan, please consult your legal advisor regarding whether your existing mortgage loan is eligible for benefits under the Servicemembers Civil Relief Act and how a refinance may impact those benefits.

    We're here to help you. Find the answers and while you're at it, tell us how we could do better.