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$499,900 Mortgage Calculator
9 KRISTIN DR
Cranston, RI / 02921
MLS# 1093118
Type: Single Family
Neighborhood: MAPLE FARMS/CRANSTON COUNTRY CLUB
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 4,905 sq. ft.
Lot Size: 27,926 sq. ft.
Listed by: Eric Kopf Lighthouse Real Estate Group
Office: 401-789-6700
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$389,900 Mortgage Calculator
2172 POST RD
South Kingstown, RI / 02879
MLS# 1095763
Type: Multi-Family
Neighborhood: PERRYVILLE
# of Units: 4
Total Beds: | Unit1(3), Unit2(1), Unit3(1), Unit4(3), Beds
Total Baths: 4 | Unit1(1), Unit2(1), Unit3(1), Unit4(1), Full
Building Area: 4,548 sq. ft.
Listed by: Neil ZARTARIAN GREATER R.I. PROPERTIES, LLC
Office: 401-295-4050
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$1,199,000 Mortgage Calculator
337 RUMSTICK RD
Barrington, RI / 02806
MLS# 1088962
Type: Single Family
Neighborhood: RUMSTICK POINT
Beds: 4 Beds
Baths: 4 Full / 2 Half
Living Area: 5,355 sq. ft.
Lot Size: 40,128 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$529,000 Mortgage Calculator
3 PRIMROSE LANE
Rehoboth, MA / 02769
MLS# 1063746
Type: Single Family
Neighborhood: THE PRESERVE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,800 sq. ft.
Lot Size: 60,000 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
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$599,999 Mortgage Calculator
50 WILDWOOD CT
North Kingstown, RI / 02874
MLS# 1093608
Type: Single Family
Neighborhood: HOLLY HILLS
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 4,430 sq. ft.
Lot Size: 197,762 sq. ft.
Listed by: Rhonda De La Cerda Randall Realtors Real Living
Office: 401-294-4000
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$265,000 Mortgage Calculator
20 TULLY WY
North Kingstown, RI / 02852
MLS# 1094525
Type: Single Family
Neighborhood: POST ROAD / WICKFORD
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,786 sq. ft.
Lot Size: 7,273 sq. ft.
Listed by: Julie Grundy Coastview Realty, Llc
Office: 401-788-0078
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$1,469,000 Mortgage Calculator
0 LOT 32 LENIHAN LANE
East Greenwich, RI / 02818
MLS# 1096364
Type: Single Family
Neighborhood: THE WOODS ON MIDDLE
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 5,000 sq. ft.
Lot Size: 428,325 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$569,000 Mortgage Calculator
50 INDIAN RD
Little Compton, RI / 02837
MLS# 1092662
Type: Single Family
Neighborhood: INDIAN ROCK ACRES
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,438 sq. ft.
Lot Size: 16,000 sq. ft.
Listed by: Welchman Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$209,900 Mortgage Calculator
3753 POST RD
Warwick, RI / 02886
MLS# 1084830
Type: Single Family
Neighborhood: COWESETT
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,632 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$124,900 Mortgage Calculator
2171 WEST SHORE RD
Warwick, RI / 02889
MLS# 1096079
Type: Vacant Land
Neighborhood: WEST SHORE ROAD
Lot Frontage: 265 ft.
Lot Size: 15,152 sq. ft.
Lot Type: Commercial
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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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.

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