grant an extension of mortgage
The Spanish phrase 'conceder una ampliación de hipoteca' translates to 'grant an extension of mortgage' in English. It refers to the process where a creditor, such as a bank or financial institution, allows a borrower to extend the repayment period of a mortgage loan. This typically involves adjusting the original terms and conditions of the mortgage to accommodate this extension, which can help the borrower manage their financial commitments more effectively.
The bank decided to grant a mortgage extension to the family.
This phrase indicates that the bank has made a decision to allow a family to extend their mortgage, providing them more time or larger amounts under their current loan agreement.
It is possible to grant a mortgage extension if certain requirements are met.
This phrase expresses that there are specific criteria that, when fulfilled, allow for the possibility of extending a mortgage, highlighting the conditional nature of such financial decisions.
Before granting a mortgage extension, the bank will review the applicant's documents.
This phrase emphasizes the bank's process of due diligence, indicating that a thorough review of the applicant's financial documents is necessary before any extension of the mortgage can be approved.