Spanish word

hipoteca

Pronunciation

IPA/ipoˈteka/

Meaning

  • feminine nounmortgage

Example

Tengo una hipoteca que pagar.

I have a mortgage to pay.

Illustration for hipoteca (mortgage)

More examples

Voy a solicitar una hipoteca para comprar la casa.

I'm going to apply for a mortgage to buy the house.

Core concept

Long-term loan secured by a property and repaid in monthly installments.

Common phrases

  • pagar la hipoteca

    repay the mortgage

  • solicitar una hipoteca

    apply for a mortgage

  • cancelar la hipoteca

    pay off the mortgage

Similar words

préstamo: Loan of money from a lender for a fixed period, repaid with interest.
crédito: Credit line a financial institution grants, allowing borrowing up to an approved limit.
garantía: Asset provided to secure repayment of a debt, claimable by the creditor on default.
aval: Third-party promise to repay the debt if the borrower fails to do so.

Definition in Spanish

Operación financiera en la que una propiedad sirve de garantía para un crédito destinado a la compra de una vivienda y se amortiza en cuotas.

Word origin

The word comes from medieval Latin hypotheca and Greek ὑποθήκη 'pledge', originally referring to property held as collateral for a loan.

Usage tips

  • In everyday speech speakers often add details like la cuota mensual and el plazo after hipoteca to specify the monthly payment and remaining term.

Opposites

Related words

  • hipotecarmortgageverb
  • hipotecariomortgage-relatedadjective
  • hipotecadomortgagedadjective

Word lists with this word