Hipoteca (en. Mortgage)

/i.poˈte.ka/

Meaning & Definition

EnglishSpanish

noun

Burden or real right imposed on a property to guarantee the fulfillment of an obligation.

We took out a mortgage to buy our house.

Contratamos una hipoteca para comprar nuestra casa.

Contract by which the mortgage is established.

The bank asked me to sign the mortgage before granting the loan.

El banco me pidió firmar la hipoteca antes de otorgar el préstamo.

Loan secured by a property.

The mortgage we applied for has a fairly low interest rate.

La hipoteca que solicitamos tiene un interés bastante bajo.

From the Greek 'hypothēkē', which means 'deposit' or 'guarantee'.

reverse mortgage

It is a type of mortgage that allows individuals over 65 to generate income from the value of their home.

hipoteca inversa

mortgage signing

It is the formal act of signing the mortgage contract before a notary.

firma de hipoteca

mortgage payment

It is the monthly amount paid to the bank for the mortgage loan.

pago de hipoteca

creditor

Person or entity that lends money.

acreedor

debtor

Person who has a debt or financial obligation.

deudor

loan

Sum of money that is given with the obligation to be returned.

préstamo

home mortgage

When I talk about a mortgage, I am referring to the home mortgage.

Cuando hablo de hipoteca, me refiero a la hipoteca de casa.

fixed mortgage

I have a fixed mortgage that does not change over time.

Tengo una hipoteca fija que no varía con el tiempo.