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$179,000 Mortgage Calculator
176 AMHERST AV
Pawtucket, RI / 02860
MLS# 1079710 NEW
Type: Single Family
Neighborhood: FAIRLAWN
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,632 sq. ft.
Lot Size: 6,000 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
Photos New Construction
$449,900 Mortgage Calculator
8 KELLIE ANN CT
Seekonk, MA / 02771
MLS# 1061463
Type: Single Family
Neighborhood: ORCHARD ESTATES
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,320 sq. ft.
Lot Size: 15,193 sq. ft.
Listed by: Alyson Roslonek The Mello Group, Inc.
Office: 508-640-0505
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$89,900 Mortgage Calculator
26 FOUNTAIN AV
Cranston, RI / 02920
MLS# 1060168
Type: Single Family
Neighborhood: ARLINGTON
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,025 sq. ft.
Lot Size: 3,200 sq. ft.
Listed by: Jeanie Gorrie Residential Properties LTD.
Office: 401-885-8400
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$218,900 Mortgage Calculator
5 INDIAN TRL
Narragansett, RI / 02874
MLS# 1065205
Type: Condo
Complex Name: INDIAN TRAIL CONDOS
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,182 sq. ft.
Style Type: One Level
Listed by: Donna Sabitoni Fieldstone Properties, Inc.
Office: 401-295-0300
Photos New Construction
$339,900 Mortgage Calculator
72 PARKER ST
Glocester, RI / 02814
MLS# 1063728
Type: Single Family
Neighborhood: WATERMAN LAKE PLAT
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,060 sq. ft.
Lot Size: 33,624 sq. ft.
Listed by: Ed Duffy RE/MAX Properties
Office: 401-232-3900
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$1,599,000 Mortgage Calculator
38 MISS FRY DR
East Greenwich, RI / 02818
MLS# 1052296
Type: Single Family
Neighborhood: WESTWOOD FARMS
Beds: 5 Beds
Baths: 5 Full / 2 Half
Living Area: 7,588 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$379,900 Mortgage Calculator
877 HARTFORD AV
Johnston, RI / 02919
MLS# 1069491
Type: Single Family
Neighborhood: WINDSOR HILLS
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 4,257 sq. ft.
Lot Size: 27,197 sq. ft.
Listed by: Ronnie TOSONI RE/MAX Professionals
Office: 401-884-6050
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$364,900 Mortgage Calculator
5 DAHLIA ST
Warwick, RI / 02888
MLS# 1076871
Type: Single Family
Neighborhood: GOVERNOR FRANCIS
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,734 sq. ft.
Lot Size: 10,947 sq. ft.
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
Photos
$575,000 Mortgage Calculator
559 QUAKER LANE
West Warwick, RI / 02893
MLS# 1072130
Type: Vacant Land
Neighborhood: RT.2 QUAKER/BALD HILL
Lot Frontage: 135 ft.
Lot Size: 23,657 sq. ft.
Lot Type: Commercial, Retail, Office
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
Photos New Construction
$844,000 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
Lila Delman - Serving buyers and sellers of fine properties since 1964.
 
The Mello Group is a team of full-time Real Estate professionals serving Rhode Island and Southeastern Massachusetts.
Barristers Real Estate Advisors, LLC - Providing real estate advisory services to buyers, sellers and investors. Click here for The Wright Connection - RE/MAX Professionals
Centreville Bank - Depend on us Let Bonnie's experience work for you!

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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