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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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$409,900 Mortgage Calculator
1224 - 1232 GREENWICH AV
Warwick, RI / 02886
MLS# 1052795
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 3,835 sq. ft.
Building Type: Office
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$189,900 Mortgage Calculator
99 PAINE ST
Warwick, RI / 02889
MLS# 1057478
Type: Single Family
Neighborhood: WARWICK NECK
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,488 sq. ft.
Lot Size: 15,000 sq. ft.
Listed by: Maryann Papa Signature Properties, Inc.
Office: 401-273-1900
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$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
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$199,000 Mortgage Calculator
5 WAKE ROBIN RD
Lincoln, RI / 02865
MLS# 1066716
Type: Condo
Complex Name: Preserve at Wake Robin
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,333 sq. ft.
Style Type: Town House
Listed by: Millie Pereira CENTURY 21 Crossroads
Office: 401-766-7545
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$234,900 Mortgage Calculator
235 NARRAGANSETT AV
South Kingstown, RI / 02879
MLS# 1072992
Type: Single Family
Neighborhood: NARRAGANSETT LINE
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,656 sq. ft.
Lot Size: 20,038 sq. ft.
Listed by: Richard Madden Ocean Bay Realty
Office: 401-284-2100
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$149,900 Mortgage Calculator
89 WESTWOOD AV
Cranston, RI / 02905
MLS# 1069239
Type: Multi-Family
Neighborhood: EDGEWOOD
# of Units: 2
Total Beds: | Unit1(2), Unit2(2), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 1,961 sq. ft.
Listed by: Neil ZARTARIAN GREATER R.I. PROPERTIES, LLC
Office: 401-295-4050
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$495,000 Mortgage Calculator
1400 HOPE ST
Bristol, RI / 02809
MLS# 1070046
Type: Single Family
Neighborhood: WEST SIDE
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 2,860 sq. ft.
Lot Size: 46,200 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$338,000 Mortgage Calculator
1575 SOUTH RD
East Greenwich, RI / 02818
MLS# 1057968
Type: Single Family
Neighborhood: SOUTH RD
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,376 sq. ft.
Lot Size: 75,986 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$129,900 Mortgage Calculator
14 - 16 GRANITE ST
Burrillville, RI / 02830
MLS# 1067768
Type: Multi-Family
Neighborhood: HARRISVILLE
# of Units: 2
Total Beds: | Unit1(2), Unit2(3), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 2,600 sq. ft.
Listed by: Michelle Keach RE/MAX 1st Choice
Office: 401-943-6111
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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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