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2127 Espey Court, Suite 208 Crofton, MD 21114 Mobile (410) 916-1367 Tel (443) 266-2639 [email protected]
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- monday: 8:00AM – 5:00PM
- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Purchase
- Refinance
Larry Cadenhead
- Loan Officer
- Crofton, MD Mortgage Loan Officer
- NMLS #202248
I’ll be with you every step of the way
Hello, I’m Larry. I bring 30 years of experience helping clients in Crofton, MD achieve their homeownership goals and desires with America’s #1 Retail Mortgage Lender. No matter if this is your first mortgage or your ninth, you are my priority. Rather than making your loan a one-time transactional relationship, I aim to build a long-term commitment to making your money work for you.
I’ll listen to your homeownership dreams and goals and answer your questions about how to achieve them. We will discuss every step of the home financing process, from application to closing, so you always know what’s happening. I’ll provide updates and answers to your questions, and we’ll walk together every step of the way.
Whether you’re looking to buy a home, refinance, or renovate, I offer a variety of loan programs to fit your goals. From conventional and jumbo to FHA and VA, we’ll discuss specifics and personalize the mortgage experience to meet your unique needs. I can’t wait to get started on your home loan journey!
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How much will my mortgage payment be?
This calculator is being provided for educational purposes only. The results are estimates based on information you provided and may not reflect CrossCountry Mortgage, LLC product terms. The information cannot be used by CrossCountry Mortgage, LLC to determine a customer’s eligibility for a specific product or service.
Inspiration for your home loan journey
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.