English to Spanish translations [Non-PRO]
Bus/Financial | | English term or phrase: Home Equity Loan | What type of loan is this?
What would be the best term for mexican spanish as well as latinamerican spanish?
Thank your very much |
| Rudy GuajardoKudoZ activityQuestions: 96 (none open) ( 6 closed without grading) Answers: 33
| Local time: 12:12
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| | prestamo con respaldo hipotecario o segunda hipoteca | Explanation:
it could be another option, as this kind of loan occurs in markets as the US where the value of property rises, leaving a gap between the first loan or hipoteca(to buy the house at a price X) and the new market price X+. So, people that need some extra money can take a second loan based on that extra value. |
| Selected response from:
mllecuona
| Grading comment Thanks very much, that sounds good and precise.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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2 mins confidence: 
1 hr confidence:  | home equity loan préstamo sobre el valor adquirido de la vivienda
Explanation:
HOME EQUITY LOANS
These loans are secured by a deed of trust against your home or property. Interest rates are usually high because you are using the equity in your home and not your credit to obtain the loan. If you are not careful, you could agree to terms you cannot afford, such as monthly payments higher than your monthly income and high loan fees or "points" (1 "point" is generally 1% of the total loan amount). Large banks usually charge 2-5 points, while some "hard money" lenders (brokers, small or independent finance companies or middlemen) charge 10-20 points (10-20% of the loan). WATCH OUT FOR THESE!
PRÉSTAMOS SOBRE EL VALOR ADQUIRIDO DE LA VIVIENDA
Estos préstamos están garantizados por medio de una escritura de fideicomiso sobre su vivienda o propiedad. El tipo de interés es por lo general alto, ya que, para la obtención del préstamo, usted utiliza el valor adquirido de su vivienda (equity), en lugar de su crédito. Si no tiene cuidado, podría acordar términos y condiciones fuera de su alcance, como por ejemplo, pagos mensuales superiores a sus ingresos mensuales y altas cuotas o "puntos" (1 punto es generalmente el 1% de la cantidad total del prestamo). Los grandes bancos cobran normalmente de 2 a 5 puntos, mientras que las entidades de menor envergadura (agentes, financieras pequeñas o independientes, o intermediarios) cobran de 10 a 20 puntos (entre un 10 y un 20% del préstamo). ¡CUIDADO CON ESTOS ÚLTIMOS!
http://www.consumer-action.org/Spanish/library/housing/1995_...
| Susana Galilea
United States
Local time: 13:12
Native speaker of:  Spanish
PRO pts in pair: 2506
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1 hr confidence: | home equity loan Préstamos sobre el capital en la propiedad
Explanation:
Préstamos sobre el capital en la propiedad (Home Equity Loan):
www.freddiemac.com/creditsmartespanol/ glossary/glossary.html
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Note added at 2 hrs 16 mins (2003-11-01 05:12:40 GMT)
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Expl.: Préstamo garantizado por la inversión neta en la casa
tras restar la hipoteca del valor r estimado total. La mayoría
de estos préstamos son deducibles a efectos contributivos y
requieren una segunda hipoteca.
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12 hrs confidence: préstamos hipotecarios
Explanation:
este es el término utilizado en Argentina
| cristina Fracassi
Argentina
Local time: 15:12
Native speaker of:  Spanish, English
PRO pts in pair: 94
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21 hrs confidence: prestamo con respaldo hipotecario o segunda hipoteca
Explanation:
it could be another option, as this kind of loan occurs in markets as the US where the value of property rises, leaving a gap between the first loan or hipoteca(to buy the house at a price X) and the new market price X+. So, people that need some extra money can take a second loan based on that extra value.
| | | Grading comment | Thanks very much, that sounds good and precise. |
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