HSBC Mortgages
Is it time for a new mortgage? If you currently hold an HSBC mortgage, Scotiabank mortgage, BMO mortgage, CIBC mortgage, Royal Bank mortgage, TD Canada Trust mortgage, or an ING Direct mortgage, it may be a good idea to get a quote on a new mortgage with us. Please don't assume that these banks offer the best open and closed mortgages. Our private mortgage lenders have lots of mortgage funds to lend and they're ready to provide you with some great mortgage products. We can introduce you to a variety of excellent lenders with great mortgage products for 1, 2, 3, 5, 7, 10, 20 or 25 year terms.
HSBC mortgage rates change frequently, so it is wise to compare the latest mortgage rates and terms our private lenders might also be able to provide you. If you're banking at HSBC and have your mortgage there also, transfering your mortgage transfer from HSBC to one of our lenders may be easy. Some private lenders may offer to pay some of transfer costs or penalties that HSBC may charge you.
Please call us and get our advice and opinion on HSBC home mortgages or open /closed variable /fixed rate mortgages offered by the other major banks, and how our lenders may be a much better fit for you.
About HSBC
Headquartered in London, HSBC is one of the world's largest banking and financial services organizations with offices in Canada. HSBC's international network comprises around 7,500 offices in 87 HSBC Bank Canada recorded profit for the period of C$160m for the first quarter of 2011, an increase of C$6m.
Whether it is a home or commercial mortgage, we believe we can find a superior to TD Canada Trust Mortgages, BMO mortgages, Scotiabank Mortgages, Royal Bank Mortgages, or CIBC Mortgages. If you're currently an HSBC bank customer, please don't be resigned to a less optimal home mortgage. On the Internet, a better home mortgage with lower mortgage rates is just a click away. You may be happy with your HSBC mortgage rate, but we'll do all we can to find a superior product to your current mortgage offer.
Mortgages
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HSBC Mortgage Alternatives
If you're curious about whether there some better alternatives to HSBC mortgages, why not get a quote from us or discuss competing mortgage products with us.
Getting the Best Mortgage Value
A mortgage broker is trained to help homebuyers find the best mortgage for that buyers situation and needs. A bank will only sell the specific mortgage products offered by their mortgage department. With one bank, selection is limited. Further, some banks will not work with mortgage brokers which you probably know is not a good approach to business in this day and age. We source mortgages from many lenders and out of that huge pool of mortgage products, we are sure we'll find the right offer for you.
Types of Mortgage Products
Your new broker's role is determine the best mortgage product for you and then communicate the advantages and disadvantages of each. Only by understanding the strengths and limitations of each mortgage will you be able to make the right purchase decision. The variety of products available is vast. Here are the most common types of mortgage products:
- Partially amortized, blended constant payment mortgage - fixed rate
- partially amortized, blended constant payment mortgage - variable rate
- partially amortized, blended variable payment mortgage - variable rate
- Interest only mortgage
- Home Equity Line of Credit
- Interest accruing mortgage
- Reverse mortgage
- Straight line Principal reduction mortgage
- Graduated payment mortgage
HSBC Mortgage Rates (note: these are rates posted for June 13, 2011 and may not be current)
| Type | Term | Posted Rate | Special Rate |
| Fixed Rate | 1 year Closed | 3.15 % | |
| Fixed Rate | 2 year Closed | ||
| Fixed Rate | 3 year Closed | 3.6 % | |
| Fixed Rate | 5 year closed | 4.15 % | |
| Fixed Rate | 10 year closed | ||
| Variable Rate | 3 year open | 3.5 % | |
| Variable Rate | 5 year closed | 2.4 % |
Compare the above rates to BMO Rates, CIBC Rates, TD Canada Trust rates, Royal Bank rates, ING Direct rates, and Scotiabank rates.
Contact us for the latest HSBC rates and a quote on the best rates available.
Open or Closed Mortgages
You will have to decide on whether to purchase an open or closed mortgage. An open mortgage allows you to pay off the mortgage anytime without penalty. A closed mortgage is not the same as a variable rate mortgage. And closed is not the same as a fixed rate. "Closed" refers to the fact that you can't pay off the loan early, unless your property is sold "at arms length."
We can educate you on the types and varieties of mortgage interest rate options there are. Contact us now or apply online so we can get started.
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