Hsbc Holdings Plc · LSE:HSBA
Hsbc — Investor Presentation (May 2021)
14 slides from Hsbc's investor presentation, May 2021
Slide 1: Introduction to U.S. Home Buying
Introduction to U.S. Home Buying The purpose of this presentation is for HSBC to provide educational information that may be useful in obtaining a mortgage in the U.S. It is important that you consult a trusted advisor or mortgage professional when you decide to start the home loan process as it may
Slide 2: HSBC's Commitment to Homebuyers
HSBC’s Commitment to Homebuyers At HSBC, we’re committed to helping you finance your home. We offer a variety of mortgage products that include jumbo, conforming, affordable, and regional mortgages to help meet your personal needs. Let an HSBC Mortgage Consultant help find the mortgage that's right
Slide 3: Step-by-step mortgage process
Step-by-step mortgage process 5 1 4 Obtain loan 6 approval 2 Prepare Complete 3 for home Close ownership your on your mortgage new home application Complete an affordability review— Submit your compare mortgage request for options and rates prequalification* Tip: During the mortgage process, you may
Slide 4: 1. Prepare for home ownership
STEP 1. Prepare for home ownership Is now the time to consider home ownership? Owning Renting ® Potential to build equity, which may ® Flexibility to relocate increase your personal wealth ® Landlord is responsible for repairs ® Possible tax deduction advantages1 and maintenance ® Option for a fixed
Slide 5: 2. Complete an affordability review
STEP 2. Complete an affordability review Mortgage calculators can help you take the next step to determine a monthly mortgage payment you can comfortably afford. Use these interactive tools to find the mortgage that fits your needs. ® How much home can you afford? ® View mortgage rates and options b
Slide 6: 3. Submit your request for prequalification
STEP 3. Submit your request for prequalification* Key considerations that lenders look for: ® Income-to-expense ratios ® Recurring debts / total debts ® Creditworthiness and history ® Gross monthly income ® Assets, such as bank accounts, ® Down payment and 401(k), gifts, grants, etc. closing costs ®
Slide 7: 4. Complete your mortgage application
STEP 4. Complete your mortgage application Information and documentation Here’s a list of documents you may be asked to provide for your mortgage application. A common cause for application delays is missing documentation. Documentation provided by customer Required Documents Employment Verification
Slide 8: Credit reporting for international clients
Credit reporting for international clients HSBC has the experience to provide mortgage solutions for international clients.1 International Credit Report2 A third-party report that compiles credit information from a client’s originating country or any country where they may have credit by providing i
Slide 9: Qualify for a loan: Income, assets and credit
Qualify for a loan Income, assets and credit Income Assets Credit ◆ Full time, part time, ◆ Checking / savings accounts ◆ Monthly bills paid on time overtime ◆ Investment accounts ◆ Excessive obligations ◆ Bonus and commissions ◆ 401(k) plans / IRAs ◆ Slow credit or late ◆ Self-employment ◆ Insuranc
Slide 10: Qualify for a loan: Debts and property value
Qualify for a loan Debts and property value Debts Property Value ◆ Installment loan (auto, personal, student) The appraisal establishes the value of the property ◆ Revolving credit (credit cards, store card, etc.) based on recent sales of similar houses within the area. ◆ Child support / alimony ◆ I
Slide 11: Attend a first-time homebuyer seminar
Attend a first-time homebuyer seminar Depending on your mortgage program, a first-time homebuyer seminar may be required. Please check with your mortgage consultant for details. Topics that may be covered when you attend a first-time homebuyer seminar: ◆ Learning how to budget ◆ Understanding credit
Slide 12: 5. Obtain loan approval
STEP 5. Obtain loan approval Once you find a home and your offer is accepted, you are under contract. Next steps: ◆ Contact your lender when your offer is accepted ◆ Additional documents and conditions are often required to complete your mortgage application ◆ Submit remaining documents and clear co
Slide 13: 6. Close on your new home
STEP 6. Close on your new home Prior to closing you will receive a Closing Disclosure that outlines the fees and charges you might see. Mortgage lender fees Prepayments Additional fees ◆ Loan origination fee ◆ Interest from closing date ◆ Title charges ◆ Commitment fee to first payment ◆ Recording a
Slide 14: Resources
Resources Please refer to the links below for additional information. ◆ Buying a Home: us.hsbc.com/home ◆ International Clients: us.hsbc.com/internationalmortgage ◆ Affordable Mortgages: us.hsbc.com/affordablemortgages ◆ Mortgage Calculators: us.hsbc.com/mortgagecalculator ◆ Mortgage Rates: us.hsbc.