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$349,900 Mortgage Calculator
37 OLD NORTH RD
Coventry, RI / 02816
MLS# 1086905
Type: Single Family
Neighborhood: OFF TIOGUE AVE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,700 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$189,000 Mortgage Calculator
511 CHILD ST
Warren, RI / 02885
MLS# 1088751 NEW
Type: Condo
Complex Name: Kickemuit Klose
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,245 sq. ft.
Style Type: Town House
Listed by: George Saber RE/MAX River's Edge
Office: 401-245-2000
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$435,000 Mortgage Calculator
35 MOHAWK DR
Portsmouth, RI / 02871
MLS# 1073456
Type: Single Family
Neighborhood: OFF INDIAN AVENUE
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 3,515 sq. ft.
Lot Size: 19,745 sq. ft.
Listed by: Nancy Crockett Crockett Realty, Inc.
Office: 401-741-5920
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$444,900 Mortgage Calculator
559 VICTORY HWY
West Greenwich, RI / 02817
MLS# 1085576
Type: Single Family
Neighborhood: WEST GREENWICH
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,578 sq. ft.
Lot Size: 119,354 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$354,500 Mortgage Calculator
36 WILLIAMS CROSSING RD
Coventry, RI / 02827
MLS# 1068386
Type: Single Family
Neighborhood: GREENE
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 3,218 sq. ft.
Lot Size: 146,362 sq. ft.
Listed by: Raquel Storti Keller Williams Realty
Office: 401-785-1700
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$154,900 Mortgage Calculator
49 COLONIAL AV
Tiverton, RI / 02878
MLS# 1077233
Type: Single Family
Neighborhood: TOWN CENTER
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 780 sq. ft.
Lot Size: 13,007 sq. ft.
Listed by: Dan Saffer Westchester Properties
Office: 401-954-4811
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$2,850,000 Mortgage Calculator
294 RUMSTICK RD
Barrington, RI / 02806
MLS# 1082277
Type: Single Family
Neighborhood: RUMSTICK POINT
Beds: 5 Beds
Baths: 4 Full / 3 Half
Living Area: 9,012 sq. ft.
Lot Size: 71,250 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
Photos New Construction
$214,900 Mortgage Calculator
13 BENOIT ST
Coventry, RI / 02816
MLS# 1081308
Type: Single Family
Neighborhood: ANTHONY
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,176 sq. ft.
Lot Size: 16,568 sq. ft.
Listed by: John Ruzzo Stone Ridge Realty
Office: 401-397-7900
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$194,900 Mortgage Calculator
33 BRANDON RD
Cranston, RI / 02910
MLS# 1086858
Type: Single Family
Neighborhood: FRIENDLY COMMUNITY
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,796 sq. ft.
Lot Size: 5,000 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$325,000 Mortgage Calculator
78 WARNER AV
Portsmouth, RI / 02872
MLS# 1065159
Type: Single Family
Neighborhood: PRUDENCE ISLAND
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,613 sq. ft.
Lot Size: 7,500 sq. ft.
Listed by: Elizabeth Rene William Raveis Chapman Enstone
Office: 401-396-9849
People’s Credit  Union – You Belong Here
 
Northeast Distributors, where contractors and homeowners alike find everything they need under one roof. Helping You Build More For Less
Centreville Bank - Depend on us Click here for Janis Cappello - Coldwell Banker
Go to AAA Northeast TrashVeo - Curbside Service for Your Property. Take Out & Bring In Your Barrels Each Week.

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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