ask for a mortgage extension

The Spanish phrase 'pedir una ampliación de hipoteca' translates to 'ask for a mortgage extension' in English, which is often a request made by mortgage borrowers to their lenders to extend the term of their mortgage loan agreement. This action is typically taken when the borrower has difficulties in meeting the originally agreed mortgage payment schedule and it can be due to various reasons - such like financial hardship, difficulty finding employment, or major unexpected expenses. Thus, by asking for a mortgage extension, the borrower can gain more time to repay their loan, thereby reducing their monthly mortgage payments to a more manageable level.

Example sentences using: pedir una ampliación de hipoteca

Voy a pedir una ampliación de hipoteca para comprar una casa más grande.

I am going to request a mortgage extension to buy a bigger house.

In this sentence, the speaker indicates their intention to request a larger mortgage to afford a bigger property.

Es posible que necesite pedir una ampliación de hipoteca si el valor de mi propiedad aumenta.

I might need to request a mortgage extension if the value of my property increases.

The phrase suggests that the speaker considers asking for a larger mortgage due to a potential rise in their property's worth.

Antes de pedir una ampliación de hipoteca, debo revisar mis finanzas.

Before requesting a mortgage extension, I need to review my finances.

Here, the speaker emphasizes the importance of assessing their financial situation prior to making a request for additional mortgage funds.