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$169,900 Mortgage Calculator
30 CORONA ST
Warwick, RI / 02886
MLS# 1074922
Type: Single Family
Neighborhood: GREENWOOD
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 996 sq. ft.
Lot Size: 11,543 sq. ft.
Listed by: Norman TOBIN Real Estate Masters, Inc.
Office: 401-738-1130
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$479,500 Mortgage Calculator
223 PINE ORCHARD RD
Glocester, RI / 02814
MLS# 1074904
Type: Single Family
Neighborhood: CHEPACHET
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 4,635 sq. ft.
Lot Size: 435,600 sq. ft.
Listed by: Joy Riley Westcott Properties
Office: 401-421-5300
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$144,900 Mortgage Calculator
89 WESTWOOD AV
Cranston, RI / 02905
MLS# 1069239
Type: Multi-Family
Neighborhood: EDGEWOOD
# of Units: 2
Total Beds: | Unit1(2), Unit2(2), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 1,961 sq. ft.
Listed by: Neil ZARTARIAN GREATER R.I. PROPERTIES, LLC
Office: 401-295-4050
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$340,000 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
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$258,900 Mortgage Calculator
7 HONEY LOCUST CT
Coventry, RI / 02816
MLS# 1071628
Type: Single Family
Neighborhood: RED OAK ESTATES
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,308 sq. ft.
Lot Size: 14,000 sq. ft.
Listed by: Frank ANTONETTI Real Estate Masters, Inc.
Office: 401-738-1130
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$255,000 Mortgage Calculator
280 WILLISTON WY
Pawtucket, RI / 02861
MLS# 1063395
Type: Single Family
Neighborhood: DARLINGTON
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 1,999 sq. ft.
Lot Size: 6,900 sq. ft.
Listed by: Jan Parrillo Parrillo Realty Group, LLC
Office: 401-228-6660
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$989,900 Mortgage Calculator
82 CEDAR ST
Rehoboth, MA / 02769
MLS# 1069744
Type: Single Family
Neighborhood: SOUTH REHOBOTH
Beds: 6 Beds
Baths: 4 Full / 2 Half
Living Area: 6,001 sq. ft.
Lot Size: 1,040,213 sq. ft.
Listed by: Ronnie TOSONI RE/MAX Professionals
Office: 401-884-6050
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$229,000 Mortgage Calculator
101 VISTAS CT
East Greenwich, RI / 02818
MLS# 1064755
Type: Condo
Complex Name: VISTAS ON THE TRAIL
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,029 sq. ft.
Style Type: One Level
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$269,000 Mortgage Calculator
42 HIGH ST
Bristol, RI / 02809
MLS# 1058216
Type: Condo
Complex Name: CODMAN PLACE
Beds: 1 Beds
Baths: 1 Full / 1 Half
Living Area: 1,080 sq. ft.
Style Type: Town House
Listed by: Debra Jobin RE/MAX River's Edge - Bristol
Office: 401-254-1776
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$469,900 Mortgage Calculator
166 WHEELER AV
Cranston, RI / 02905
MLS# 1064863
Type: Single Family
Neighborhood: EDGEWOOD
Beds: 5 Beds
Baths: 2 Full / 0 Half
Living Area: 3,584 sq. ft.
Lot Size: 13,360 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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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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