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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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$564,974 Mortgage Calculator
0 JULIANA DR
Cranston, RI / 02921
MLS# 1083249
Type: Single Family
Neighborhood: WESTERN JOHN PRESCOTT FARMS
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,600 sq. ft.
Lot Size: 81,481 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$499,900 Mortgage Calculator
70 KIRBY AV
Warwick, RI / 02889
MLS# 1070530
Type: Single Family
Neighborhood: WARWICK NECK
Beds: 7 Beds
Baths: 4 Full / 1 Half
Living Area: 3,788 sq. ft.
Lot Size: 51,627 sq. ft.
Listed by: Mark McHugh Clearmark Real Estate
Office: 401-641-3842
Photos Handicap
$174,900 Mortgage Calculator
176 AMHERST AV
Pawtucket, RI / 02860
MLS# 1079710
Type: Single Family
Neighborhood: FAIRLAWN
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,632 sq. ft.
Lot Size: 6,000 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
Photos
$524,900 Mortgage Calculator
39 CHERRY LANE
Tiverton, RI / 02878
MLS# 1081112
Type: Single Family
Neighborhood: CHERRY HILL
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 5,920 sq. ft.
Lot Size: 31,611 sq. ft.
Listed by: Jay Badger Badger Realty
Office: 401-495-4756
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$449,000 Mortgage Calculator
27 SOUTH ST
Barrington, RI / 02806
MLS# 1080652
Type: Single Family
Neighborhood: SOUTH STREET LANDING
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,010 sq. ft.
Lot Size: 8,857 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
Photos
$184,900 Mortgage Calculator
220 POWER ST
East Side of Prov, RI / 02906
MLS# 1081227
Type: Single Family
Neighborhood: FOX POINT
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,156 sq. ft.
Lot Size: 5,000 sq. ft.
Listed by: Dan Saffer Westchester Properties
Office: 401-954-4811
Photos New Construction
$444,000 Mortgage Calculator
5 KELLIE ANN CT
Seekonk, MA / 02771
MLS# 1061463
Type: Single Family
Neighborhood: ORCHARD ESTATES
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,320 sq. ft.
Lot Size: 15,193 sq. ft.
Listed by: Alyson Roslonek The Mello Group, Inc.
Office: 508-640-0505
Photos
$257,000 Mortgage Calculator
25 PRIMROSE LANE
Johnston, RI / 02919
MLS# 1070979
Type: Single Family
Neighborhood: JOHNSTON
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,877 sq. ft.
Lot Size: 20,000 sq. ft.
Listed by: Mary Iacono COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
Photos
$179,900 Mortgage Calculator
8 CADY ST
Johnston, RI / 02919
MLS# 1076352
Type: Single Family
Neighborhood: ESMOND
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,416 sq. ft.
Lot Size: 16,600 sq. ft.
Listed by: Dan Saffer Westchester Properties
Office: 401-954-4811
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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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