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$279,000 Mortgage Calculator
542 POWER RD
Pawtucket, RI / 02860
MLS# 1105780
Under Contract Status: Inspection Period
Type: Multi-Family
Neighborhood: FAIRLAWN
# of Units: 4
Total Beds: | Unit1(3), Unit2(3), Unit3(1), Unit4(1), Beds
Total Baths: 4 | Unit1(1), Unit2(1), Unit3(1), Unit4(1), Full
Building Area: 4,250 sq. ft.
Listed by: Matthew Escaler Carrington RE Services, LLC
Office: 978-455-4922
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$639,900 Mortgage Calculator
20 LONGBROOK DR
Cumberland, RI / 02864
MLS# 1098717
Type: Single Family
Neighborhood: LONGBROOK
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 3,000 sq. ft.
Lot Size: 36,154 sq. ft.
Listed by: Michael Milano RE/MAX Professionals
Office: 401-884-6050
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$249,900 Mortgage Calculator
686 GARDNER RD
Exeter, RI / 02822
MLS# 1131773 NEW
Type: Single Family
Neighborhood: EXETER
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,620 sq. ft.
Lot Size: 44,866 sq. ft.
Listed by: Neil ZARTARIAN GREATER R.I. PROPERTIES, LLC
Office: 401-295-4050
Photos New Construction
$384,000 Mortgage Calculator
24 PALIOTTA PKWY
Cranston, RI / 02920
MLS# 1112028
Type: Single Family
Neighborhood: SCITUATE FARMS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,464 sq. ft.
Lot Size: 9,000 sq. ft.
Listed by: Stephanie Soscia Premier Homes Realty, LLC
Office: 401-946-6300
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$623,000 Mortgage Calculator
285 WINSLOW WY
Swansea, MA / 02777
MLS# 1117184
Type: Single Family
Neighborhood: TOUISSET/ WARREN LINE
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,270 sq. ft.
Lot Size: 30,056 sq. ft.
Listed by: Alyson Roslonek The Mello Group, Inc.
Office: 508-640-0505
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$363,000 Mortgage Calculator
13 WEETAMOE FARM DR
Bristol, RI / 02809
MLS# 1131177
Type: Condo
Complex Name: WEETAMOE CONDOMINIUMS
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 1,876 sq. ft.
Style Type: Town House
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$299,000 Mortgage Calculator
253 MAIN ST
East Greenwich, RI / 02818
MLS# 1088915
Type: Commercial
Neighborhood: MAIN STREET / DOWNTOWN EG
# of Buildings: 1
Total Sq Ft: 960 sq. ft.
Building Type: Office, Retail, Commercial, Food/Beverage
Listed by: Tony Verdi COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$209,000 Mortgage Calculator
17 RUFUS ST
Pawtucket, RI / 02860
MLS# 1131943 NEW
Type: Single Family
Neighborhood: FAIRLAWN
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 1,725 sq. ft.
Lot Size: 5,000 sq. ft.
Listed by: Ari Tanasio Tanasio Realty Advisors
Office: 401-305-7888
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$749,000 Mortgage Calculator
2389 MAIN RD
Tiverton, RI / 02878
MLS# 1071015
Type: Single Family
Neighborhood: NANAQUAKET
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,920 sq. ft.
Lot Size: 143,748 sq. ft.
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$577,000 Mortgage Calculator
1200 HOPE ST
Bristol, RI / 02809
MLS# 1069726
Type: Single Family
Neighborhood: ROCKWELL
Beds: 5 Beds
Baths: 0 Full / 0 Half
Living Area: 5,300 sq. ft.
Lot Size: 52,272 sq. ft.
Listed by: Dory Skemp Coldwell Banker Res. Brokerage
Office: 401-247-0202
Click here for Savings Institute Bank & Trust - Heath Lefort
 
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Click here for The Wright Connection - RE/MAX Professionals Anchor Financial - Get Your Loan FAST with Great Rates And No Hassle!

Pre-Qualifying

Pre-Qualifying Helps Determine How Much You Can Afford

Before you start your house hunting in earnest, the real estate professional with whom you are working likely will "pre-qualify" you to determine a price range you can afford. According to the Rhode Island Association of REALTORS®, pre-qualification is a necessary part of the home buying process that helps save time and money.

Don't be shy or withhold information about your income or credit status. Your REALTOR® isn't trying to pry. Rather, he or she must know all details related to your ability to obtain a mortgage.

By candidly discussing your financial situation, you'll give the agent the necessary information to show you homes you can afford. If you don't open up, you are placing the real estate professional in the role of a tour guide, not someone who can help you find a home within your budget. You'll wind up wasting your time as well as the seller's.

Once you have signed a contract to purchase a home, you must choose a lending institution or mortgage company from which to obtain your home loan. Your loan application will request financial data including your place of employment, assets, and liabilities (including recurring debts such as credit card bills and car payments). Here are two important tips on loan qualification from the Rhode Island Association of REALTORS®.

  1. Do not borrow the down payment without disclosing the loan, submit fake letters-of-credit or gift letters, or make secret financial arrangements.
  2. Accurately list your income and assets, all debts and the approximate amounts you owe.

You'll most likely be charged a credit report fee by the lender, which will cover the cost of having your credit history examined. Credit reporting agencies compile credit reports on consumers, including bill payment history, as well as whether you have been sued or filed for bankruptcy among other information.

Federal credit reporting laws do not give you the right to inspect the actual credit report at the reporting agency or to receive an exact duplicate of the report. But, you are entitled to a summary containing the sources of the report's information.

If your ability to obtain a mortgage is adversely affected by the credit report, you have the right to challenge its accuracy and seek corrections.

The credit report is part of the information the lender uses to determine if you qualify for a loan. It is not a mechanism to prevent you from buying. Remember, lenders want to make loans, not turn them down.