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Spanish to English translations [PRO]
Bus/Financial - Finance (general) / mortgage brochure | | Spanish term or phrase: tipo frontal | "Hipotecas para compra de vivienda.
Ejemplo para un préstamo de 6.000 euros calculado con plazos máximos y diferenciales mínimos ofertados, con tipo frontal del 2,465%, sin comisión de apertura y tomando como referencia el Euríbor a 1 año publicado en el BOE del 06/04/2010 (1,215%)"
I'm guessing this is "initial rate"?
Many thanks |
| ComunicanKudoZ activityQuestions: 988 ( 5 open) ( 1 without valid answers) ( 98 closed without grading) Answers: 136
United Kingdom
| | Local time: 07:47
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| | initial rate / initial interest rate | Explanation:
Initial Rate Period
Investment Dictionary:
Initial Rate Period
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Home > Library > Business & Finance > Investment Dictionary
The period of an introductory or "teaser" interest rate on a mortgage or other loan. The initial rate period varies by loan type and can be as short as one month or as long as several years. Some loans, such as 2-1 or 3-2-1 buydown mortgages, have initial rate periods during which the interest rate increases incrementally.
Investopedia Says:
Borrowers should not make a loan choice based only on an initial interest rate. While a loan with an initial low interest rate can seem attractive, low initial interest rates lead to higher interest rates after the initial rate period expires. Borrowers need to understand the mechanics and risks of their choice of a mortgage or other loan. A careful analysis of loan rates and costs should always be performed. |
| Selected response from:
  Rafael Molina Pulgar
Mexico
Local time: 01:47
| Grading comment Muchas gracias Marga y Rafael.
Es difícil de saber cual es correcto aquí, pero dado que la respuesta de Rafael es más generalizada, creo que es más seguro. Muchas gracias a ambos
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The translation workplace 
