Furnish your home too!
Earn valuable Hbc Rewards points throughout the life of your mortgage without sacrificing rates. Accumulate Hbc Rewards points from the time of funding, on every calendar anniversary and upon first renewal of your mortgage. It’s amazing how quickly they’ll add up. And when you’re ready, you can redeem your points for Hbc Gift Cards or merchandise from the Hbc Rewards catalogue.
Here's how it works.
| When Hbc Rewards Points Are Earned | Number of Hbc Rewards Points Earned | Calculating Hbc Rewards Points1 |
|---|---|---|
| Mortgage funding | 1 Hbc Rewards point | For every $2 of your mortgage principal funded times the number of years in your initial term (3,5,7 year etc) |
| Each mortgage calendar anniversary | 1 Hbc Rewards point | For every $4 of your outstanding mortgage principal, at each anniversary, provided you do not renew the same year |
| Upon first mortgage renewal | 1 Hbc Rewards point | For every $1 of outstanding mortgage principal renewed, times the number of years in your renewed term (3 years, etc) |
Sample Calculation
$200,000 5-year Mortgage, with
3-year Renewal at $180,000
Origination: 500,000
Anniversary: 200,000
Renewal: 540,000
Total Points: 1,240,000
1. Hbc Rewards Bonus Points will be awarded to the Hbc Rewards Account Number provided by you at the time of the mortgage application. The Initial Hbc Rewards Bonus Points will be awarded within 5 to 10 business days after the Hbc Mortgage is funded. In the event an Hbc Rewards Account Number is not provided by you at the time of mortgage application, Hbc Rewards points will not be awarded at any time. All applicants must be approved by GE Money. Hbc Mortgage must not be in default for you to receive Hbc Rewards Bonus Points. Other conditions may apply.
