But, the assumption was, well, when five years comes up you refinance the mortgage; you get a new one.
不过,如果假设,你在五年末又重新申请了抵押贷款,你则得到了一个新贷款
You go to a bank and say, I want to borrow to refinance my mortgage, which is due now.
你去跟银行讲,由于现在的处境,我想再申请已到期的抵押贷款
It started offering, indirectly, but started offering mortgages to all these people who couldn't refinance.
它间接地,向那些无法重新申请抵押贷款的人,提供贷款
Lots of people could not refinance their mortgages because they were unemployed.
由于失业,许多人无法再次申请抵押贷款
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