mortgage

The Spanish word 'hipoteca' translates to 'mortgage' in English. A mortgage is a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years. You can also use the mortgage to buy other kinds of property. If you fail to make these payments, the organization can take the property from you. Similarly, 'hipoteca' in Spanish would describe the same legal and financial scenario.

Example sentences using: hipoteca

Necesito solicitar una hipoteca para comprar mi casa.

I need to apply for a mortgage to buy my house.

This phrase expresses the necessity of obtaining a mortgage to finance the purchase of a home.

La hipoteca tiene un interés fijo que no cambia.

The mortgage has a fixed interest that does not change.

This phrase highlights a specific feature of a mortgage, indicating that the interest rate will remain constant over time.

Estamos ahorrando para dar el enganche de la hipoteca.

We are saving to make the down payment for the mortgage.

This phrase refers to the act of saving money in order to provide the required upfront payment when obtaining a mortgage.