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$229,999 Mortgage Calculator
1156 SCITUATE AV
Cranston, RI / 02921
MLS# 1082559
Type: Single Family
Neighborhood: WESTERN
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,480 sq. ft.
Lot Size: 22,168 sq. ft.
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
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$600,000 Mortgage Calculator
0 JOHNNYCAKE LANE
Portsmouth, RI / 02871
MLS# 982390
Type: Vacant Land
Neighborhood: WATER STREET
Lot Frontage: 129 ft.
Lot Size: 41,031 sq. ft.
Lot Type: Residential
Listed by: Shirley Kosoff KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$164,900 Mortgage Calculator
8 CORA ST
North Providence, RI / 02911
MLS# 1076142
Type: Single Family
Neighborhood: WOODHAVEN
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,428 sq. ft.
Lot Size: 3,200 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$900,000 Mortgage Calculator
415 POPPASQUASH RD
Bristol, RI / 02809
MLS# 1066754
Type: Single Family
Neighborhood: POPPASQUASH POINT
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 2,606 sq. ft.
Lot Size: 71,438 sq. ft.
Listed by: Dory Skemp Coldwell Banker Res. Brokerage
Office: 401-247-0202
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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$229,900 Mortgage Calculator
44 ROSEMARY DR
North Kingstown, RI / 02852
MLS# 1081874
Type: Single Family
Neighborhood: DAVISVILLE
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,373 sq. ft.
Lot Size: 8,356 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$1,250,000 Mortgage Calculator
20 W EXTENSION ST
Newport, RI / 02840
MLS# 1070282
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 11,600 sq. ft.
Building Type: Commercial, Warehouse, Industrial, Food/Beverage, Hotel/Motel, Office, Retail, Mixed, Other
Listed by: Gordon King WILLIAM RAVEIS CHAPMAN ENSTONE
Office: 401-846-3800
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$159,900 Mortgage Calculator
141 TEAKWOOD DR
Warwick, RI / 02886
MLS# 1081820
Type: Single Family
Neighborhood: GREENWOOD
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 780 sq. ft.
Lot Size: 12,000 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
Photos Handicap
$133,000 Mortgage Calculator
1800 DOUGLAS AV
North Providence, RI / 02904
MLS# 1080912
Type: Condo
Complex Name: COVE AT WENSCOTT
Beds: 1 Beds
Baths: 1 Full / 0 Half
Living Area: 800 sq. ft.
Style Type: One Level
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
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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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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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