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$835,000 Mortgage Calculator
4 BOXWOOD CT
Barrington, RI / 02806
MLS# 1093879 NEW
Type: Single Family
Neighborhood: NAYATT
Beds: 4 Beds
Baths: 2 Full / 2 Half
Living Area: 4,280 sq. ft.
Lot Size: 38,199 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$64,900 Mortgage Calculator
0 BUENA VISTA DR
Johnston, RI / 02920
MLS# 1073708
Type: Vacant Land
Neighborhood: ATWOOD
Lot Frontage: 0 ft.
Lot Size: 0 sq. ft.
Lot Type: Residential
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
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$597,900 Mortgage Calculator
621 PENDAR RD
North Kingstown, RI / 02852
MLS# 1063920
Type: Single Family
Neighborhood: QUAIL HOLLOW
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,076 sq. ft.
Lot Size: 121,532 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$179,900 Mortgage Calculator
36 MAUDE AV
Coventry, RI / 02816
MLS# 1090457
Type: Single Family
Neighborhood: HOPKINS HILL
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,476 sq. ft.
Lot Size: 7,841 sq. ft.
Listed by: Mark McHugh Clearmark Real Estate
Office: 401-641-3842
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$339,900 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: 0 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$339,900 Mortgage Calculator
49 KEATS DR
North Kingstown, RI / 02852
MLS# 1078351
Type: Single Family
Neighborhood: NORTHBRIAR/QUIDNESSETT
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,690 sq. ft.
Lot Size: 30,640 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$489,000 Mortgage Calculator
18 MAPLE AV
Narragansett, RI / 02882
MLS# 1070266
Type: Single Family
Neighborhood: SAND HILL COVE
Beds: 4 Beds
Baths: 3 Full / 0 Half
Living Area: 1,793 sq. ft.
Lot Size: 5,000 sq. ft.
Listed by: Ernie ESPOSITO RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$8,000,000 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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$58,900 Mortgage Calculator
0 HOWARD AV
Coventry, RI / 02816
MLS# 1065958
Type: Vacant Land
Neighborhood: HARRIS
Lot Frontage: 120 ft.
Lot Size: 32,893 sq. ft.
Lot Type: Residential
Listed by: John Ruzzo Stone Ridge Realty
Office: 401-397-7900
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$90,000 Mortgage Calculator
43 BULLOCKS POINT AV
East Providence, RI / 02915
MLS# 1063480
Type: Condo
Complex Name: STONEGATE
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 942 sq. ft.
Style Type: One Level
Listed by: Joyce Motta East Bay Real Estate
Office: 401-253-2983
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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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