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$549,900 Mortgage Calculator
2 PRIMROSE LANE
Johnston, RI / 02919
MLS# 1073167
Type: Single Family
Neighborhood: BISHOP HEIGHTS
Beds: 5 Beds
Baths: 5 Full / 1 Half
Living Area: 5,000 sq. ft.
Lot Size: 84,942 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$117,000 Mortgage Calculator
103 APPLETON ST
Cranston, RI / 02910
MLS# 1064067
Type: Single Family
Neighborhood: STADIUM
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,300 sq. ft.
Lot Size: 3,200 sq. ft.
Listed by: Sylvia Santilli Gateway Realty
Office: 401-954-8997
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$12,000,000 Mortgage Calculator
5 HOWARD ST
Newport, RI / 02840
MLS# 1070280
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 0 sq. ft.
Building Type: Hotel/Motel, Other, Commercial, Retail, Multi-Family, Food/Beverage, Office, Mixed
Listed by: Gordon King WILLIAM RAVEIS CHAPMAN ENSTONE
Office: 401-846-3800
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$459,000 Mortgage Calculator
32 HAMILTON FARM RD
North Kingstown, RI / 02852
MLS# 1059731
Type: Condo
Complex Name: HAMILTON FARM CONDOS
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,740 sq. ft.
Style Type: One Level, Other
Listed by: Donna Sabitoni Fieldstone Properties, Inc.
Office: 401-295-0300
Photos New Construction
$189,900 Mortgage Calculator
1602 VILLAGE GREEN CIR
Coventry, RI / 02816
MLS# 1072008
Type: Condo
Complex Name: Village Green
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,277 sq. ft.
Style Type: One Level
Listed by: Richard Riendeau Centre Realty
Office: 401-615-3400
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$449,900 Mortgage Calculator
18 ROSEWOOD DR
Lincoln, RI / 02865
MLS# 1074295
Type: Single Family
Neighborhood: JENCKES HILL ESTATES
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,688 sq. ft.
Lot Size: 40,032 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$299,888 Mortgage Calculator
30 BRISAS CIR
East Greenwich, RI / 02818
MLS# 1072395
Type: Single Family
Neighborhood: LAS BRISAS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,316 sq. ft.
Lot Size: 41,665 sq. ft.
Listed by: Ed Magilton RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$585,000 Mortgage Calculator
3 RIVER MEADOW DR
Hopkinton, RI / 02832
MLS# 1072340
Type: Single Family
Neighborhood: HOPE VALLEY
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,721 sq. ft.
Lot Size: 139,392 sq. ft.
Listed by: Bryant Da Cruz Keller Williams Realty
Office: 401-785-1700
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$329,900 Mortgage Calculator
45 RAYMOND DR
Cumberland, RI / 02864
MLS# 1084204
Type: Single Family
Neighborhood: DIAMOND HILL
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 2,284 sq. ft.
Lot Size: 27,442 sq. ft.
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
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$249,900 Mortgage Calculator
1214 PUTNAM PIKE
Glocester, RI / 02814
MLS# 1075288
Type: Single Family
Neighborhood: CHEPACHET
Beds: 5 Beds
Baths: 2 Full / 1 Half
Living Area: 2,392 sq. ft.
Lot Size: 9,500 sq. ft.
Listed by: Lorraine Bandoni CrossRoads Real Estate Group
Office: 401-568-6111
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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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