RILiving Mobile App »
 
My RILiving  

Already have an account? Login Now

Don’t have an account? Buyers and sellers can save their searches and listings. Create an Account

Featured Showcase Property
View All
Photos
$189,900 Mortgage Calculator
65 MACARTHUR DR
Warwick, RI / 02889
MLS# 1070138
Type: Single Family
Neighborhood: BUTTONWOODS
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,638 sq. ft.
Lot Size: 5,340 sq. ft.
Listed by: Stephanie Soscia Premier Homes Realty, LLC
Office: 401-946-6300
Photos 360 View
$2,695,000 Mortgage Calculator
318 RUMSTICK RD
Barrington, RI / 02806
MLS# 1060625
Type: Single Family
Neighborhood: RUMSTICK POINT
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,740 sq. ft.
Lot Size: 309,157 sq. ft.
Listed by: Christina Ardente Residential Properties, Ltd.
Office: 401-245-9600
Photos 360 View
$559,000 Mortgage Calculator
273 ARNOLDS NECK DR
Warwick, RI / 02886
MLS# 1070390
Type: Single Family
Neighborhood: APPONAUG COVE
Beds: 3 Beds
Baths: 3 Full / 1 Half
Living Area: 2,280 sq. ft.
Lot Size: 4,310 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
Photos
$159,900 Mortgage Calculator
0 SIR MICHAEL CIR
South Kingstown, RI / 02892
MLS# 955313
Type: Vacant Land
Neighborhood: WEST KINGSTON
Lot Frontage: 176 ft.
Lot Size: 40,075 sq. ft.
Lot Type: Residential
Listed by: Marc Archambault Randall Realtors Real Living
Office: 401-783-9611
Photos 360 View
$1,599,000 Mortgage Calculator
38 MISS FRY DR
East Greenwich, RI / 02818
MLS# 1052296
Type: Single Family
Neighborhood: WESTWOOD FARMS
Beds: 5 Beds
Baths: 5 Full / 2 Half
Living Area: 7,588 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
Photos
$134,900 Mortgage Calculator
650 EAST GREENWICH AV
West Warwick, RI / 02893
MLS# 1073946
Type: Condo
Complex Name: Quaker Valley Estates
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,152 sq. ft.
Style Type: One Level
Listed by: Ronnie TOSONI RE/MAX Professionals
Office: 401-884-6050
Photos 360 View
$515,000 Mortgage Calculator
826 CENTRAL PIKE
Scituate, RI / 02857
MLS# 1068360
Type: Single Family
Neighborhood: SCITUATE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,466 sq. ft.
Lot Size: 675,833 sq. ft.
Listed by: Nancy Ziroli RE/MAX Properties
Office: 401-232-3900
Photos
$189,900 Mortgage Calculator
29 HAYES ST
Warwick, RI / 02886
MLS# 1069957
Type: Single Family
Neighborhood: OFF BUTTONWOODS AVE
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 1,800 sq. ft.
Lot Size: 4,240 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
Photos
$102,000 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
Photos
$145,900 Mortgage Calculator
499 MEADOW VIEW AV
Warwick, RI / 02889
MLS# 1071729
Type: Single Family
Neighborhood: WARWICK NECK
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,322 sq. ft.
Lot Size: 3,600 sq. ft.
Listed by: George Villari Independent Brks Realty Of RI
Office: 401-942-5600
Click here for Wells Fargo -Heath Lefort
 
Millbrook Modular Homes – “A Concept to Completion Builder”
Anchor Financial - Get Your Loan FAST with Great Rates And No Hassle! Lila Delman - Serving buyers and sellers of fine properties since 1964.
Jo-Ann Molinaro - Moving RI Click here for The Wright Connection - RE/MAX Professionals

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.

Follow Us on Facebook Download the RILiving Mobile App View Our YouTube Channel