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Monday, December 24, 2012

HSBC Mortgage

HSBC Bank USA, NA headquartered at New York, is a subsidiary of UK-based HSBC Holdings plc, a company that came into existence in 1990 after the acquisition of Marine Midland Bank, headquartered at Buffalo NY, by The Hongkong and Shanghai Banking Corporation, the international pedigree of The HSBC Group. The other banks acquired by HSBC Bank, NA during subsequent years include Spectrum Home Mortgage, United Northern Federal Savings Bank, First Commercial Bank of Philadelphia, Republic National Bank, and First Federal Savings, headquartered in Rochester NY.


In 2002, the bank acquired Household Finance Corporation (HFC) to enter the sub-prime lending market under the name HSBC Finance. The former Household Mortgage Services customers are served online through HSBC Mortgage Services Inc, which has its main office located in Brandon FL for addressing issues pertaining to real estate taxes, collections, bankruptcy and foreclosure.

HSBC Mortgage Rates


HSBC Bank offers fixed-rate as well as adjustable-rate mortgages besides providing a few specialized categories of home loans. Under fixed rate, the bank offers products that include Conforming Fixed, New York SONYMA, VA & FHA Loans and Interest only mortgage loans. On the other хэнд, you have option to choose between Conforming ARMs and Interest Only ARMs under adjustable-rate mortgage products. The interest rates and APR for each of these products vary from state to state. Please check the website of the bank for current HSBC Mortgage Rates in your state.

HSBC Mortgage Calculator


HSBC Bank, National Association provides an extensive array of mortgage calculators to help new as well as existing customers do a number of mathematical computations. These are often a requirement in order to weigh down your options between renting and owning a home or choose between a fixed-rate mortgage and an adjustable-rate product. HSBC Mortgage Calculator can do a variety of calculations and help you get the satisfactory answers for all your mortgage-related problems.

HSBC Mortgage Online

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