In Spanish, mortgage is commonly referred to as "hipoteca". The word "hipoteca" is derived from the Greek word "hypothēkē" which means "pledge" or "deposit".
A mortgage is a type of loan used to purchase a property where the lender holds the property as collateral until the borrower pays off the loan. Mortgages are commonly used to buy homes or commercial properties. In Spanish-speaking countries, the process of obtaining a mortgage is similar to that of English-speaking countries, with the main difference being the use of the Spanish language in the documentation and communication.
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