Home Equity: Your Home Is a Financial Resource

Home Equity: Your Home Is a Financial Resource

Equity is the difference between the current market (appraised) value of your home and the outstanding balance of your mortgage. By tapping into the equity you have built in your home, you may already have the financial resources you need to pursue personal goals. If you want to consolidate your high interest debt, pay for your child's college education, repair or remodel your home, or take a well-deserved vacation, then you may want to consider a home equity line of credit as one of your options.

Evaluating the advantages and costs when you take on a home equity line of credit is an important first step. With a home equity line of credit, you will have additional monthly payments and interest charges. Carefully consider the impact of these new expenses before you choose to apply for a home equity line of credit.

Home Equity Line of Choice^SM: Putting Your Home to Work

At HSBC, we can help you access the equity in your home that you've worked so hard to build.

HSBC Premier Clients receive preferred rates¹ on Home Equity Line of Choice^SM. To learn more about HSBC Premier, please request a callback or call 866.503.4722.

Benefits of a Home Equity Line of Choice^SM

A home equity line of credit from HSBC comes with many added benefits including:

• Flexibility in accessing and repaying the funds - Manage your approved funds and use them whenever you need to. You can conveniently access your approved credit line by simply writing a check and there are no fees² in accessing your funds.
• Tax Savings - Interest charges may be tax deductible. Please consult your tax advisor about the deductibility of interest.
• Lower your monthly payments by consolidating higher interest rate debt - Home equity rates can be lower than credit card and personal loan rates and can help you reduce your monthly payments in addition to savings on interest charges.

Home Equity: Resources

Our Home Equity resources can help you decide whether an HSBC Home Equity Line of Choice^SM is right for you and your family. Learn more with our Home Equity FAQs and Home Equity Checklist.

Home Equity: Getting Started

To get started on accessing the equity in your home, request a callback from one of our Mortgage Consultants or call 866.731.4722.