línea de crédito sobre el patrimonio neto de la vivienda
/linea de kɾedito sobɾe el patɾimonjo neto de la bibjenda/from spelling rules
The English phrase "equity line of credit" is translated into Spanish as línea de crédito sobre el patrimonio neto de la vivienda.
A loan that allows a homeowner to borrow money based on the value of their home.
Which one should you use?
While línea de crédito sobre el patrimonio neto de la vivienda is the technical term, speakers may use the more descriptive línea de crédito sobre el valor de la vivienda in less formal contexts.
Did you know?
- The word patrimonio in this context refers to the net value of an asset, but it is also the standard word used for 'heritage' or 'inheritance' in a legal and genealogical sense.
- The word crédito is fundamentally linked to the concept of 'belief'. It stems from the Latin credere, meaning 'to believe', implying that credit is a form of trust in one's ability to repay.
- In many Spanish-speaking countries, you may hear people refer to this simply as un préstamo con garantía hipotecaria. This shifts the focus from the 'equity' to the 'mortgage guarantee' used as collateral.
Examples in context
- Quiero solicitar una línea de crédito con garantía hipotecaria para realizar inversiones en mi negocio.I want to apply for an equity line of credit to make investments in my business.
Example conversation
Sofía and Alejandro are discussing home renovations.
- SofíaNecesitamos dinero para remodelar la cocina, Alejandro.We need money to remodel the kitchen, Alejandro.
- AlejandroPodríamos pedir una línea de crédito sobre el patrimonio neto de la vivienda.We could apply for an equity line of credit.
- Sofía¿Crees que el banco aceptará nuestra solicitud?Do you think the bank will accept our application?
- AlejandroSí, porque nuestra casa ha subido mucho de valor.Yes, because our house has increased in value a lot.
Sources
- IPA marked “from spelling rules” is derived from standard Spanish spelling, where Wiktionary gives none.
- Word origins: Wiktionary entries crédito, de, el, línea, patrimonio, sobre, CC BY-SA 4.0.
