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Home Equity Line of Choice℠ Rates

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Home Equity Line of Choice℠ Rates

Rates as of 09/27/2018
 
Product
State*
Regular APR1
HSBC Advance2 APR1**
HSBC Premier3 APR1**

Principal and Interest Monthly Payment Line of Choice:
<= 60% TLTV Line $100k-$249.9k

<= 60% TLTV Line $100k-$249.9k

<= 60% TLTV Line $100k-$249.9k

<= 60% TLTV Line $100k-$249.9k

 

Interest Only Monthly Payment Line of Choice:

<= 60% TLTV Line $100k-$249.9k

<= 60% TLTV Line $100k-$249.9k

<= 60% TLTV Line $100k-$249.9k

<= 60% TLTV Line $100k-$249.9k

 

NY

CA

WA

All Other States

 

 

NY

CA

WA

All Other States

 

 

6.250%

5.800%

6.300%

6.500%

 

 

6.500%

6.050%

6.550%

6.750%

 

 

6.000%

5.550%

6.050%

6.250%

 

 

6.250%

5.800%

6.300%

6.500%

 

5.750%

5.300%

5.800%

6.000%

 

 

6.000%

5.550%

6.050%

6.250%

Note: Assumes excellent credit, Owner Occupied, Single Family Home, 2nd Lien Home Equity Line of Choice.

Learn More about Home Equity Line of ChoiceSM

 

* In AZ, minimum line amount is $10,001; Line amounts greater than $500,000 available. Please contact us for more information.

** This APR includes an auto-pay discount of 0.25% for HSBC Advance customers and 0.50% discount for HSBC Premier customers. To qualify for discounted rates on a Home Equity Line of ChoiceSM, payment must be made via automatic payment from a U.S. Premier or U.S. Advance checking account which must be opened and fully funded prior to closing. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

Click here for information regarding Interest Only home equity lines and other non-traditional mortgage features. 

Rates shown are for new Home Equity Line of ChoiceSM accounts only and may change daily without notice.

1 The Annual Percentage Rate (APR) for a Home Equity Line of ChoiceSM is variable and is based on the U.S. Prime rate published each day in The Wall Street Journal (but not the Weekend Edition of The Wall Street Journal) (the "Index") plus a margin. If The Wall Street Journal publishes more than one U.S. Prime Rate for a day, the Index will be the average of those rates. The index as of the last change date of September 27, 2018 is 5.25%. The maximum APR is the greater of 15.9% or 5% above the initial APR. The APR will not increase or decrease by more than 4% in each year. Rates apply to lines secured by your primary residence (excluding co-ops and 3-4 family property) with a total loan-to-value ("TLTV") ratio of 80% or less. Higher rates may apply for different TLTV's, property and product types. Please contact us for current rates on lines with different terms.

The APR does not include closing costs. For line amounts of $500,000 or less, HSBC will pay all closing costs.  For line amounts greater than $500,000, you will be required to pay 50% of title insurance costs and any mortgage tax-like fees; however, HSBC will pay all other closing costs.  Generally, closing costs are estimated to range from $270 to $19,900, but may be higher depending on the location of your home and the amount of your line of credit.  If you terminate your account within the first three years, you will have to pay an early termination fee of $500 (or $750 for properties located in California and Virginia), plus any mortgage tax-like fees paid by HSBC at the time your account was established. No annual or application fees will be assessed.  Your Home Equity account will be secured by a mortgage on your home.  All persons on the deed must sign the mortgage.  Property insurance is required and flood insurance may be required.

2 To be eligible for an Advance home equity line of credit, you must be an Advance relationship customer with a U.S. Advance checking account. To learn more about the Advance relationship requirements contact an HSBC branch or call toll free at 844.374.9016.

3 To be eligible for an HSBC Premier home equity line of credit, you must be a Premier relationship customer with a U.S. Premier checking account. To learn more about the Premier relationship requirements contact an HSBC branch or call toll free at 866.801.6756.

Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property 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 cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

Deposit products offered through HSBC Bank USA, N.A. - Member FDIC.