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hipoteca de máximo

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08:15 Jan 9, 2008
This question was closed without grading. Reason: Answer found elsewhere

Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: hipoteca de máximo
Also known as "hipoteca flotante"

Defined as follows:
"Se trata de aquella hipoteca de seguridad (constituida en garantía de determinada obligación cuyos elementos no se encuentran todos registralmente determinados) en la que no aparece fijado el importe exacto de la obligación asegurada, sino sólo el máximo a que puede ascender la responsabilidad hipotecaria.

Recordamos que la responsabilidad hipotecaria es la suma de todos los conceptos que son garantizados mediante la hipoteca (el capital prestado, los intereses ordinarios, los intereses de demora, costas judiciales, gastos, etc.).

Las hipotecas de máximo suelen estar asociadas a las líneas de crédito a largo plazo garantizadas con unas hipotecas de este tipo sobre el bien inmueble."
http://www.euroresidentes.com/vivienda/hipotecas/diccionario...

I think my brain is fried. Any help much appreciated! Thanks in advance.
nedra
United States
Local time: 18:36
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Summary of answers provided
4 +2Maximum mortgage amount
RichardDeegan
4 +1maximum (required) mortgage
Edward Tully


Discussion entries: 3





  

Answers


47 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
maximum (required) mortgage


Explanation:
http://66.102.9.104/search?q=cache:LNY28NM_uZ4J:esl.proz.com...

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Note added at 51 mins (2008-01-09 09:07:21 GMT)
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that is what has been proposed before on ProZ.com, but I have seen "tasa flotante" translated as "adjustable rate", so perhaps "mortgage with adjustable maximum" or similar will do - good luck!

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Note added at 2 hrs (2008-01-09 10:54:15 GMT)
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I didn't mean to refer to an interest rate, but to the limit of the surety, the "adjustable" part!

Edward Tully
Local time: 03:36
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 814
Notes to answerer
Asker: Thanks, Edward. The maximum actually refers to the amount when it is used as a surety, not to the interest rate. I'll look at the other answers proposed.


Peer comments on this answer (and responses from the answerer)
agree  rupali_k
4 hrs
  -> thank you Rupali!
Login to enter a peer comment (or grade)

4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
Maximum mortgage amount


Explanation:
This is typical for credit lines based on secured/ mortgaged real estate. This is the amount of the note securing the property (thus giving notice to any future subordinated lenders/ mortgagees) and also the amount used for calculating any mortgage or recording taxes or fees, regardless of whether any or all is taken.
Any subordinate mortgages would also only be secured to the extent there is equity remaining after the total amount of the maximum mortgage.
This

RichardDeegan
Local time: 20:36
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24

Peer comments on this answer (and responses from the answerer)
agree  rupali_k
49 mins
  -> Thank you :-)

agree  Marian Martin
1 day14 hrs
  -> Thank you :-)
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