Mortgage Loans in MD, DE, PA, VA, & DC

Larry Cadenhead is a mortgage loan originator in Maryland, Virginia, Washington DC, Delaware, and Pennsylvania. He is knowledgeable at all types of FHA and VA loans.

"Larry Got Me The Best Rate and Answered All My Questions in a Way I Could Understand."
Allison J.
client, Eldersburg, MD
Maryland, Virginia & Washington DC mortgage banking specialist Larry Cadenhead
home loan financing specialist Maryland, Virginia & Washington DC
Mortgage Consultant

Clients Love Us

One of the best compliments a mortgage lender can get is to be recommended to a friend. We are proud to say that we have built our business and reputation on the recommendations of hundreds of our customers. We work hard to make sure you get what you're promised and that everything goes smoothly with your home loan. I have plenty of mortgage customer quotes that attest to this.


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Mortgage Lender

For Real Estate Agents

  • Real estate agents are always looking for a dependable lender
  • Larry Cadenhead is the go-to mortgage guy for many area real estate agents
  • Larry takes good care of your customers so you look good
  • Call or email Larry today

View My Current Rate Quotes
for Maryland, Virginia & Washington DC real estate agents

Refinancing

  • Refinancing interest rates in Maryland, Virginia, Deleware, Pennsylvania, & Washington DC are very low
  • We refinance all types of mortgages
  • Contact Larry Cadenhead for more information

Learn More About Mortgage Refinancing
Refinancing a Home Loan In Maryland, Virginia & Washington DC

New Mortgages

If you're ready for a mortgage loan to purchase your new home, you'll want to contact Larry Cadenhead.

  • We offer the best rates on a variety of loan types
  • FHA, VA and other types of loans available
  • Larry helps you find the best mortgage for your situtation
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Get a Mortgage Home Loan in Carroll County

Mortgage Loan Officer

Whether you are seeking to finance the purchase of your first home or to refinance your existing mortgage I can help you get the best rate possible in a short time frame. Currently rates on mortgages are near their historical low points and home prices are still significantly lower than five years ago, which makes it an excellent time to purchase a home or to refinance your existing mortgage. Unfortunately, many mortgage providers have tightened lending standards making it hard for everyone to qualify and receive those low interest rates and preventing them from taking advantage of the low home prices. I want to help you take advantage of the competitive mortgage rates and low home prices by working with you to get you the loan you deserve and can afford.

I am experienced in purchase loans and refinancing existing loans. I am a licensed mortgage banker in Maryland and am a member of the National Mortgage Licensing System & Registry. I have been a mortgage banker for more than 20 years. I primarily provide guidance and advice to borrowers in Maryland, Virginia, Delaware, Pennsylvania & Washington DC.

 

Common Mortgage Definitions

There are a number of different terms that are specific to the mortgage industry. Here are some basic definitions to help you as you navigate the process of home loan financing. If you have questions or need a more thorough explanation, please call Larry--He'll be glad to help.

Principal

The principal is the amount of money borrowed. When a borrower makes their monthly mortgage payment a small portion of that money is used to repay a matching portion of the principal amount. Over the life of the mortgage, the portion of the monthly payment going towards the principal will increase and the portion going towards interest will decrease.

Interest

Interest is the cost of borrowing the principal amount. It is usually stated as an annual percentage rate or APR. A portion of your monthly payment goes towards paying off the interest accrued on the principal amount.

Property Taxes

These are taxes levied by local governments and are typically expressed as a percentage. Lenders will collect the taxes through the monthly mortgage payment that they then use to pay the property taxes when they are due.

Hazard Insurance

All lenders require that the borrower have hazard insurance, commonly known as Home Owners insurance, which protects the borrower against costs associated with damage to the property, such as fire, flood, tornado, and others. The insurance policy must be paid in full for one year at the time of closing.

Mortgage Insurance

Mortgage insurance is an insurance policy that pays mortgage lenders for their financial loss if a borrower fails to repay the loan. This type of insurance makes it possible for borrowers to purchase a home with less than twenty percent down payment.

Assessments

Assessments are charges levied by condominium and townhouse associations for the upkeep and maintenance of the common areas associated with them. The borrower must pay the associations directly. The dues levied by the associations are not part of the monthly mortgage payment to the lender.

Serving Maryland, Virginia & Washington DC, Including:

Sykesville, Eldersburg, Westminster, Taneytown, Woodstock, Woodbine, Manchester, New Windsor, Union Bridge, Hampstead, Mount Airy, Gamber, Gaither Greenmount, Jasontown, Alesia, Carrolltowne, Carrollton, Finksburg, Frizzelburg, Henryton and Detour

5 Larry was very helpful!

I would highly recommend him to others. He did a great job and he was never too busy to answer my questions. Thank you!!

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