estaban amortizando
Imperfect progressive ellos/ellas/ustedes conjugation of amortizar.

amortizar

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Entonces, quienes estaban amortizando una hipoteca sana, se dieron cuenta de que si vendían entonces su casa valdría menos de lo que estaban pagando por ella.
Those who were amortizing a healthy mortgage quickly realized that the new price of their house was worth less than they were paying for it.
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