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$414,900 Mortgage Calculator
32 HOPKINS AV
Johnston, RI / 02919
MLS# 1070242
Type: Single Family
Neighborhood: SCITUATE LINE
Beds: 4 Beds
Baths: 4 Full / 1 Half
Living Area: 3,592 sq. ft.
Lot Size: 42,178 sq. ft.
Listed by: Joan M. Bianco Independent Brks Realty Of RI
Office: 401-942-5600
Photos New Construction
$348,900 Mortgage Calculator
160 ALLEGRA LANE
North Kingstown, RI / 02852
MLS# 1073707
Type: Condo
Complex Name: SLOCUM HEIGHTS
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,600 sq. ft.
Style Type: One Level
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
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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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$655,000 Mortgage Calculator
76 CARVER LANE
Narragansett, RI / 02882
MLS# 1071202
Type: Single Family
Neighborhood: EAST POND HEIGHTS
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 2,848 sq. ft.
Lot Size: 17,860 sq. ft.
Listed by: Ernie ESPOSITO RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$315,000 Mortgage Calculator
54 GREENE AV
Barrington, RI / 02806
MLS# 1064349
Type: Single Family
Neighborhood: BAY SPRING
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 926 sq. ft.
Lot Size: 21,000 sq. ft.
Listed by: Abby Ashley The Mello Group, Inc.
Office: 401-339-1506
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$129,900 Mortgage Calculator
0 SEVEN MILE RD
Scituate, RI / 02831
MLS# 1053752
Type: Vacant Land
Neighborhood: SCITUATE/CRANSTON LINE
Lot Frontage: 170 ft.
Lot Size: 40,231 sq. ft.
Lot Type: Residential
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
Photos 360 View New Construction
$465,000 Mortgage Calculator
5 ROCKLAND ST
Narragansett, RI / 02882
MLS# 1052820
Type: Condo
Complex Name: ROCKLAND COTTAGES
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 1,365 sq. ft.
Style Type: Town House
Listed by: Shawna Amitrano Fiore Realty Corp.
Office: 401-792-7107
Photos
$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
Photos 360 View
$1,395,000 Mortgage Calculator
85 LONG MEADOW DR
East Greenwich, RI / 02818
MLS# 1043779
Type: Single Family
Neighborhood: LONG MEADOW FARM
Beds: 4 Beds
Baths: 5 Full / 1 Half
Living Area: 6,378 sq. ft.
Lot Size: 50,530 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$575,000 Mortgage Calculator
552 MIDDLE HWY
Barrington, RI / 02806
MLS# 1066973
Type: Single Family
Neighborhood: CORNER OF BRICK POND DR
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,012 sq. ft.
Lot Size: 12,000 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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Are You Ready to Buy?

Buying a home is considered one of the most complicated and stressful financial transactions a consumer will ever make.

One of the keys to making the homebuying process easier and more understandable is planning. In doing so, you'll be able to anticipate requests from lenders, lawyers and a host of other professionals. Furthermore, planning will help you discover valuable shortcuts in the homebuying process.

Do You Know What You Want?

Whether you are a first-time homebuyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have? Do you have a purchasing timeframe?

Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define your goals. As an interesting exercise, it can be worthwhile to look at the questions above and to then discuss them in detail when meeting with local REALTORS®.

Do You Have The Money?

Homes and financing are closely intertwined. (Financing is the difference between the purchase price and the downpayment, commonly referred to as debt or the mortgage.) The good news is that over the years new and innovative loan programs have evolved which require a 5 percent downpayment or less. In fact, a number of programs now allow purchasers to buy real estate with nothing down.

In addition to a down payment, purchasers also need cash for closing costs (the final costs associated with closing the loan). Several newly emerging loan programs not only allow the purchase of a home with no money down, but also underwrite closing costs.

Not everyone, however, elects to purchase with little or no money down. Less money down means higher monthly mortgage payments, so most homebuyers choose to buy with some cash up front.

As to closing costs, in markets where buyers have leverage, it may be possible to negotiate an offer for a home that requires the owner to pay some or all of your settlement expenses. Speak with local REALTORS® for details.

Is Your Financial House in Order?

Those great loans with little or nothing down are not available to everyone: You need good credit. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.

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