Kiko: Figuring out how to fill out this mortgage loan application is like trying to read a foreign language. I don’t know what all these terms mean. 
马切达：想要弄清楚如何填这份贷款申请就像是读一门外语一样。我都不知道这些词是什么意思。
Rafael: Let’s see if we can figure it out together. I think we want a fixed-rate mortgage, not an adjustable-rate mortgage. We want to lock in a good annual percentage rate and not worry about the rate going up. 
拉斐尔：让我看看，我们是否能一起填。我想我们想要定率按揭，不是浮动利率贷款。我们需要锁定一个不错的年利率，这样不用担心利率上涨。
Kiko: All right, I think that’s what we want. We want the principal and interest payments to be predictable. 
马切达：好的，我想这就是我们想要的。希望本金和利息都能够在可预见的范围。
Rafael: That’s right. 
拉斐尔：是的。
Kiko: And what are points? 
马切达：贷款的重点是什么？
Rafael: I think that has to do with fees for getting the loan. 
拉斐尔：想获得贷款也许需要一些手续费。
Kiko: It looks like we have to get an appraisal of the house we want to buy. 
马切达：我们似乎需要给我们想买的这个房子进行一下评估。
Rafael: Yes, that’s standard, I think. 
拉斐尔：是的，我认为应该能达到标准。
Kiko: Do we have to pay for private mortgage insurance? 
马切达：我们需要为私人抵押贷款保险交钱吗？
Rafael: Not if we have a down payment of more than 20% of the price of the house. 
拉斐尔：只要我们的首付款超过房子价值的20%就不用交了。
Kiko: Okay, so we don’t need to worry about that expense, but what about all these others? 
马切达：好，那我们不用担心那一部分花费了，但是其它的开支呢？
Rafael: Like what? 
拉斐尔：比如什么？
Kiko: Like homeowners insurance and title insurance? 
马切达：比如屋主保险和产权保险？
Rafael: I’m not sure. 
拉斐尔：这个我不确定。
Kiko: And what are balloon payments and prepayment penalties? 
马切达：分期付款中最后一笔较大金额的付款和提前还款罚金怎么办？
Rafael: You got me. 
拉斐尔：你难住我了。
Kiko: And what’s included in the closing costs? 
马切达：房地产买卖手续费中包括什么？
Rafael: I’m really out of my depth here. 
拉斐尔：我确实没办法解答这些问题。
Kiko: Me, too. What should we do now? 
马切达：我也不知道，我们现在应该怎么做？
Rafael: Continue to rent? 
拉斐尔：继续租房子？

Kiko: Figuring out how to fill out this mortgage loan application is like trying to read a foreign language. I don’t know what all these terms mean. 
Rafael: Let’s see if we can figure it out together. I think we want a fixed-rate mortgage, not an adjustable-rate mortgage. We want to lock in a good annual percentage rate and not worry about the rate going up. 
Kiko: All right, I think that’s what we want. We want the principal and interest payments to be predictable. 
Rafael: That’s right. 
Kiko: And what are points? 
Rafael: I think that has to do with fees for getting the loan. 
Kiko: It looks like we have to get an appraisal of the house we want to buy. 
Rafael: Yes, that’s standard, I think. 
Kiko: Do we have to pay for private mortgage insurance? 
Rafael: Not if we have a down payment of more than 20% of the price of the house. 
Kiko: Okay, so we don’t need to worry about that expense, but what about all these others? 
Rafael: Like what? 
Kiko: Like homeowners insurance and title insurance? 
Rafael: I’m not sure. 
Kiko: And what are balloon payments and prepayment penalties? 
Rafael: You got me. 
Kiko: And what’s included in the closing costs? 
Rafael: I’m really out of my depth here. 
Kiko: Me, too. What should we do now? 
Rafael: Continue to rent?