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Mortgages can be complicated, with industry terms that not everyone understands. The following is a list of commonly used terms, phrases, and questions that you might encounter throughout the mortgage process.



Purchasing and owning real estate is a powerful thing, and it can have enormous wealth building implications for the home-owner. Borrowing tax advantaged money (aka: a mortgage) to buy an appreciating asset can be a fantastic way to build personal wealth. Equity is what you gain over time. The definition of equity in terms of real estate is the difference between what is owed on a property, and what that property is worth. Let me show you how your mortgage/equity balance, when properly managed, can be an integral part to your overall financial well being.


A refinance mortgage is when a person secures a new mortgage to pay off an existing one. This new mortgage loan can have new terms which can create better cash flow (lower monthly payments) – or possibly a larger balance than the previous one. This larger balance can be used to make property improvements, pay off other consumer debt, or simply save as a cash cushion.


Once you get a taste for how powerful owning real estate can be, you may want to purchase investment real estate. Let me show you how I have helped many clients build a significant net worth through moving equity into investment real estate, and multiplying their appreciation, as well as their tax advantages. At Mortgage Trust Inc, We offer every type of mortgage financing. Please get in touch with me and I'd be glad to find the best available loan program and strategy for your situation.

The 6 Steps of Getting a Mortgage

Get to know the key players and major steps in getting a mortgage in this helpful infographic.

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Featured Posts from James Adair's Mortgage Blog

Our new credit environment is fast becoming one of extremely rigid guidelines.  Your ability to obtain a mortgage is dependent on the financial scenario presented in the loan application.  Think of this application as a snapshot of your existing circumstance.  If there are any material changes to this picture, it can mean the difference between having a loan approved, and having it declined.


***SPOILER ALERT***  I'm not an economist, or statistician.  I'm a Portland area mortgage lender, and Portland area home owner, as well as a Portland area landlord.  So I feel I'm writing this as an interested bystander with a ring side view of the action.  My team and I participate in anywhere from 5-15 purchase transactions per month as of late, so I certainly have some high level anecdotal information to bring to bear here.

A realtor colleague of mine was recently relating his shock to me about how often he is talking to renters who aren't considering buying real estate because they are under the impression that a purchase requires a 20% down payment.  This idea couldn't be further from the truth, and this message is sadly often relayed on TV from uninformed talking heads and people who are obviously not real estate professionals.  I'm here to tell you the truth, dear blog reader!  Isn't that why you read blogs?!