Uninsured and also cashback $3000
HSBC
HSBC Fixed rates: 1.84% 2-yr & 5-yr, 1.64% 5-yr Insured (with cashback ends Oct 30!)
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- gundox
- Newbie
- Nov 9, 2013
- 10 posts
- 8 upvotes
- ETOBICOKE
- aaleemm
- Jr. Member
- Jul 21, 2017
- 165 posts
- 38 upvotes
- deebiddosan
- Newbie
- Oct 6, 2020
- 15 posts
- 52 upvotes
Pm sent. Thanks!gundox wrote: ↑ I put in my mortgage application to HSBC (new don mills branch) but I did not get a great offer from them, since my mortgage amount is over 1M and I need 30y amortization.
It seems that HSBC has more restrictive limit of loan amount compared to 5 major banks.
I finally got 1.6% for 5y fixed with 30y amortization for more than 1M from BMO.
If you are interested in the BMO guy I met, PM me.
- gundox
- Newbie
- Nov 9, 2013
- 10 posts
- 8 upvotes
- ETOBICOKE
- Jamar
- Newbie
- Jun 16, 2008
- 75 posts
- 10 upvotes
- Vancouver
To strike66,
I’m unable to send you a reply to your PM, seems like you are setup not to receive any PMs. Could you let me know once allow receiving of Pm?
Thanks
I’m unable to send you a reply to your PM, seems like you are setup not to receive any PMs. Could you let me know once allow receiving of Pm?
Thanks
- binga777
- Newbie
- Dec 7, 2020
- 1 posts
Hi Rahul,
Could you please share contact for HSBC??
Could you please share contact for HSBC??
- dospat
- Jr. Member
- Nov 23, 2014
- 126 posts
- 233 upvotes
- Toronto, ON
- dkk021
- Newbie
- May 9, 2019
- 18 posts
- 7 upvotes
Can you please PM me the BMO contactgundox wrote: ↑ I put in my mortgage application to HSBC (new don mills branch) but I did not get a great offer from them, since my mortgage amount is over 1M and I need 30y amortization.
It seems that HSBC has more restrictive limit of loan amount compared to 5 major banks.
I finally got 1.6% for 5y fixed with 30y amortization for more than 1M from BMO.
If you are interested in the BMO guy I met, PM me.
- gamer4lyfe
- Member
- Oct 5, 2007
- 497 posts
- 140 upvotes
- GTA
Overall good experience with HSBC. A bit more work was involved and additional documents needed as opposed to other brokers/banks I had contacted but overall my rep was great with following up,
Options were 5 Year Fixed was 1.54% and 5 Year Variable was Prime --1.16%, which is currently 1.29%.
HELOC was Prime +0%. Prime is currently 2.45%.
If you are interested in the HSBC Don Mills contact I used, feel free to send me a PM.
Options were 5 Year Fixed was 1.54% and 5 Year Variable was Prime --1.16%, which is currently 1.29%.
HELOC was Prime +0%. Prime is currently 2.45%.
If you are interested in the HSBC Don Mills contact I used, feel free to send me a PM.
- Angel Girl
- Deal Addict
- May 10, 2008
- 2194 posts
- 2395 upvotes
- Vancouver, BC
How did you get 1.54%? I thought the promo rate for uninsured 5 years fixed is 1.59%!gamer4lyfe wrote: ↑ Overall good experience with HSBC. A bit more work was involved and additional documents needed as opposed to other brokers/banks I had contacted but overall my rep was great with following up,
Options were 5 Year Fixed was 1.54% and 5 Year Variable was Prime --1.16%, which is currently 1.29%.
HELOC was Prime +0%. Prime is currently 2.45%.
If you are interested in the HSBC Don Mills contact I used, feel free to send me a PM.
- vg19
- Deal Addict
- Jan 19, 2003
- 1007 posts
- 412 upvotes
Any new branch is offering employee rates to new customers.Angel Girl wrote: ↑ How did you get 1.54%? I thought the promo rate for uninsured 5 years fixed is 1.59%!
There is one at Don Mills/Ellington and a couple in the west end.
- Angel Girl
- Deal Addict
- May 10, 2008
- 2194 posts
- 2395 upvotes
- Vancouver, BC
- gamer4lyfe
- Member
- Oct 5, 2007
- 497 posts
- 140 upvotes
- GTA
Yes, not sure whether it is only in Ontario but it was a special rate for new branches. I had to go with the Don Mills branch in Toronto. It required two in person visits: the first to open a chequing account after getting the mortgage "approved", as this was needed in order for them to attach it to the account and lock in the rate. The second was to finalize the mortgage and signing of documents. The other steps were done virtually via email and phone calls.Angel Girl wrote: ↑ Oh, I see. I'm going to assume this is an Ontario thing then. Darn!
- ARP511
- Member
- Jan 4, 2006
- 265 posts
- 276 upvotes
- GTA
Anyone can please tell me if HELOC is offered at Prime rate if I move my mortgage with HSBC?
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- vg19
- Deal Addict
- Jan 19, 2003
- 1007 posts
- 412 upvotes
If you move your mortgage to one of the new branches, then yes, they will give you a HELOC at prime. I have a contact at the North York (Don Mills/Eglington) branch if you are interested. Others have contacts at ones in the west end.
- ejohan
- Sr. Member
- Oct 12, 2005
- 908 posts
- 821 upvotes
- Vancouver
The standard rate is p+0.5 (2.95%), but if you are a premier member (mortgage >$500k, or $100k invested with the bank) you may be able to negotiate lower.
Additionally, some new Ontario branches have a promo for p+0 (2.45%), such as HSBC Don Mills Branch.
- ARP511
- Member
- Jan 4, 2006
- 265 posts
- 276 upvotes
- GTA
Thanks for a detailed response.ejohan wrote: ↑ The standard rate is p+0.5 (2.95%), but if you are a premier member (mortgage >$500k, or $100k invested with the bank) you may be able to negotiate lower.
Additionally, some new Ontario branches have a promo for p+0 (2.45%), such as HSBC Don Mills Branch.
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- matt4670
- Deal Addict
- Jun 27, 2006
- 2448 posts
- 1073 upvotes
- Toronto
Can I get a contact for Markham area? I assume North York is fine too?
- Shojin
- Sr. Member
- Dec 12, 2005
- 960 posts
- 117 upvotes
- GTA
What was your mortgage amount and amortization period? I read a post above that said they're more restrictive when it comes to mortgages > $1M.gamer4lyfe wrote: ↑ Overall good experience with HSBC. A bit more work was involved and additional documents needed as opposed to other brokers/banks I had contacted but overall my rep was great with following up,
Options were 5 Year Fixed was 1.54% and 5 Year Variable was Prime --1.16%, which is currently 1.29%.
HELOC was Prime +0%. Prime is currently 2.45%.
If you are interested in the HSBC Don Mills contact I used, feel free to send me a PM.
Shojin wrote:I like to quote myself.
- firefly101
- Newbie
- Aug 26, 2009
- 11 posts
- 2 upvotes
Is this right? Their standard is prime plus 0.5%? I was told their HELOC was prime plus 0.75%. Didn't even think to negotiate this rate down.ejohan wrote: ↑ The standard rate is p+0.5 (2.95%), but if you are a premier member (mortgage >$500k, or $100k invested with the bank) you may be able to negotiate lower.
Additionally, some new Ontario branches have a promo for p+0 (2.45%), such as HSBC Don Mills Branch.
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