Get your house working for you
HSBC's Home Equity Options gets the equity you have built in your home over time working for you today.
With a Home Equity Loan or a Home Equity Line of Credit, you can borrow the equity you have built in your home to:
- Renovate your home;
- Purchase another property;
- Travel the world.
Home Equity Loan (HEL)
The Home Equity Loan option is suitable if you want to borrow a specific amount for a particular purpose, over $30,000 BMD, with the comfort of regular monthly payments.
- Terms from one to 30 years
- Borrow up to 80% of the equity built in your home
- Conveniently separated from your mortgage
- Variable interest rates
Home Equity Line of Credit (HELOC)
The Home Equity Line of Credit works like a chequing account. It is suitable if you want the flexibility to access money at your convenience, up to $150,000, with a lot more overdraft.
- Terms from one to 5 years
- Borrow up to 60% of the equity built in your home
- Interest charged monthly, only on the amounts that you use
- Principal payments can be made anytime
- Variable interest rates
