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$1,685,000 Mortgage Calculator
47 SOUTH MEADOW LANE
Barrington, RI / 02806
MLS# 1090339
Type: Single Family
Neighborhood: NAYATT/RUMSTICK
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 4,166 sq. ft.
Lot Size: 208,884 sq. ft.
Listed by: Kerri Payne Residential Properties, Ltd.
Office: 401-245-9600
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$479,000 Mortgage Calculator
78 SEAVIEW AV
Swansea, MA / 02777
MLS# 1093365
Type: Single Family
Neighborhood: TOUISSET
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,467 sq. ft.
Lot Size: 12,197 sq. ft.
Listed by: Benjamin Scungio Lila Delman Real Estate
Office: 401-274-1644
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$339,900 Mortgage Calculator
42 TOM LEE DR
North Smithfield, RI / 02896
MLS# 1099774
Type: Single Family
Neighborhood: PRIMROSE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,037 sq. ft.
Lot Size: 40,002 sq. ft.
Listed by: Paul Donnelly RE/MAX Properties
Office: 401-232-3900
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$209,000 Mortgage Calculator
204 NORTHAMPTON ST
Warwick, RI / 02888
MLS# 1093127
Type: Single Family
Neighborhood: LAKEWOOD/NORWOOD
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,266 sq. ft.
Lot Size: 10,843 sq. ft.
Listed by: Michael Russo RI Real Estate Services
Office: 401-885-5400
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$429,000 Mortgage Calculator
271 LOVE LANE
Warwick, RI / 02886
MLS# 1096167
Type: Single Family
Neighborhood: COWESETT
Beds: 5 Beds
Baths: 3 Full / 1 Half
Living Area: 2,952 sq. ft.
Lot Size: 15,172 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$275,000 Mortgage Calculator
221 JOHN DYER RD
Little Compton, RI / 02837
MLS# 1087427
Type: Single Family
Neighborhood: JOHN DYER/ADAMSVILLE
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 835 sq. ft.
Lot Size: 170,320 sq. ft.
Listed by: Welchman Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$649,500 Mortgage Calculator
20 NARRAGANSETT AV
Narragansett, RI / 02882
MLS# 1088291
Type: Condo
Complex Name: Surfside Narragansett
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,096 sq. ft.
Style Type: One Level
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
$895,000 Mortgage Calculator
130 GRANITE DR
East Greenwich, RI / 02818
MLS# 1083514
Type: Single Family
Neighborhood: STONE RIDGE
Beds: 4 Beds
Baths: 4 Full / 1 Half
Living Area: 3,680 sq. ft.
Lot Size: 45,237 sq. ft.
Listed by: Sophia Karvunis PHIPPS REALTY
Office: 401-884-1030
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$109,000 Mortgage Calculator
32 PLEASANT VIEW DR
Little Compton, RI / 02837
MLS# 1057660
Type: Vacant Land
Neighborhood: SOUTH SHORE BEACH AREA
Lot Frontage: 388 ft.
Lot Size: 87,120 sq. ft.
Lot Type: Residential
Listed by: Welchman Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$799,900 Mortgage Calculator
625 WEST ALLENTON RD
North Kingstown, RI / 02852
MLS# 1091320
Type: Single Family
Neighborhood: INDIAN CORNER
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 5,975 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: George Daglieri RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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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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