3.25% 3 Year Variable Open
Type: Bank
Serviced provinces: All Provinces
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 180 offices and is the leading international bank in Canada. With around 9,500 offices in 85 countries and territories and assets of US$2,547 billion at 30 June 2008, the HSBC Group is one of the world’s largest banking and financial services organizations.
HSBC Bank Canada and its subsidiaries leverage this international presence while providing a full range of Canadian financial products and services to businesses, institutions and individuals.
Mortgage Features
| Minimum mortgage amount: |
$20,000 |
| Rate guarantee period: |
90 days |
| Max Amortization: |
35 years |
| Allowable lump sum repayment: |
Up to 20% |
| Maximum payment increase: |
Up to 20% increase |
| Payment Holidays: |
Match one or more payments and miss one or more in future (skipped payments must equal earlier matched payment within term) |
| Conventional: |
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| High Ratio: |
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| Assumable: |
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| Portable: |
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Payment Details
| Monthly payment*: |
$397.70 |
| Principal repayment over term*: |
$4,857.41 |
| Interest paid over term*: |
$9,459.74 |
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* Based on $100,000 mortgage and 35 years amortization.
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