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$259,711 Mortgage Calculator
149 DANIELSON PIKE
Foster, RI / 02825
MLS# 1046542
Type: Single Family
Neighborhood: FOSTER
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,428 sq. ft.
Lot Size: 301,435 sq. ft.
Listed by: Helen Coupe RE/MAX Metro
Office: 401-736-6100
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$399,900 Mortgage Calculator
25 BAY LAWN AV
Warwick, RI / 02888
MLS# 1061322
Type: Single Family
Neighborhood: PAWTUXET VILLAGE
Beds: 3 Beds
Baths: 3 Full / 1 Half
Living Area: 1,890 sq. ft.
Lot Size: 7,047 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$539,500 Mortgage Calculator
0 JULIANA DR
Cranston, RI / 02921
MLS# 1013983
Type: Single Family
Neighborhood: WESTERN
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,400 sq. ft.
Lot Size: 79,972 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$99,000 Mortgage Calculator
0 SHADOW RIDGE DR
Richmond, RI / 02812
MLS# 1038473
Type: Vacant Land
Neighborhood: SHADOW PINES
Lot Frontage: 180 ft.
Lot Size: 82,328 sq. ft.
Lot Type: Residential
Listed by: Donna SABITONI Fieldstone Properties, Inc.
Office: 401-295-0300
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$184,900 Mortgage Calculator
188 - 190 VERMONT AV
Providence, RI / 02905
MLS# 1053214
Type: Multi-Family
Neighborhood: WASHINGTON PARK
# of Units: 2
Total Beds: | Unit1(2), Unit2(3), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 1,725 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$359,000 Mortgage Calculator
1575 SOUTH RD
East Greenwich, RI / 02818
MLS# 1057968
Type: Single Family
Neighborhood: SOUTH RD
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,376 sq. ft.
Lot Size: 75,986 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$828,000 Mortgage Calculator
7 RICHARD ST
Barrington, RI / 02806
MLS# 1061237
Type: Single Family
Neighborhood: RUMSTICK NEW HOME!
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,000 sq. ft.
Lot Size: 10,800 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$479,900 Mortgage Calculator
536 STONY LANE
North Kingstown, RI / 02852
MLS# 1061825
Type: Single Family
Neighborhood: STONY LANE
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 2,502 sq. ft.
Lot Size: 193,842 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$274,900 Mortgage Calculator
1155 HOPE ST
Bristol, RI / 02809
MLS# 1053655
Type: Single Family
Neighborhood: HOPE STREET
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,312 sq. ft.
Lot Size: 9,750 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 401-339-1506
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$349,900 Mortgage Calculator
12 NORTHWEST PASSAGE .
Barrington, RI / 02806
MLS# 1027891
Type: Single Family
Neighborhood: NORTHWEST PASSAGE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,482 sq. ft.
Lot Size: 12,000 sq. ft.
Listed by: Ray Simone Century 21 Topsail Realty
Office: 401-254-1900
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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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