Joint hypothec – within the meaning, given by the Real Estate Law in many legal systems, this is a mortgage where two or more borrowers are obliged to pay back the money. Each borrower is liable for re-payment of the whole amount of the mortgage loan, being a subsidiary debtor towards the creditor, if one of the other debtors fails to pay or dies. It is always advisable to consult with a lawyer before obtaining a mortgage loan by a bank.