Life in the U.S.

Home Loan – Level 1

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1. Learn new words

Today we are going to learn about how to apply for a home loan.

Hoy vamos a aprender sobre cómo aplicar a un préstamo hipotecario.

Read the word and use the play ▶ button to hear the pronunciation.

Lea la palabra y use el botón de PLAY ▶ para escuchar la pronunciación.

LOAN: money that an organization such as a bank lends and somebody borrows

MORTGAGE: a legal agreement by which a bank or similar organization lends you money to buy a house

DISCLOSURES: the act of making something known or public that was previously secret or private

APPRAISAL: a judgement of the value, performance or nature of somebody/something

ESCROW: a bond, deed, or other document kept in the custody of a third party