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$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
Photos
$239,900 Mortgage Calculator
50 HENRY ST
Cranston, RI / 02905
MLS# 1097947
Type: Single Family
Neighborhood: EDGEWOOD
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,009 sq. ft.
Lot Size: 5,759 sq. ft.
Listed by: Mary Marcello HomeSmart Professionals RE
Office: 401-921-5011
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$655,000 Mortgage Calculator
76 CARVER LANE
Narragansett, RI / 02882
MLS# 1095767
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
Photos
$1,295,000 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
Photos 360 View
$129,900 Mortgage Calculator
22 PENGROVE ST
Cranston, RI / 02920
MLS# 1091735
Type: Multi-Family
Neighborhood: ARLINGTON
# of Units: 2
Total Beds: | Unit1(2), Unit2(1), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 1,716 sq. ft.
Listed by: ZRG Sales & Purchasing Division Zen Real Estate Group
Office: 401-270-1251
Photos
$588,900 Mortgage Calculator
13 EAST BUTTERFLY WY
Lincoln, RI / 02865
MLS# 1105080
Type: Single Family
Neighborhood: LIMEROCK
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,958 sq. ft.
Lot Size: 40,194 sq. ft.
Listed by: John Cappello Horizon Realty
Office: 401-524-8300
Photos 360 View
$3,495,000 Mortgage Calculator
54 SOUTH MEADOW LANE
Barrington, RI / 02806
MLS# 1089088
Type: Single Family
Neighborhood: RUMSTICK/NAYATT
Beds: 6 Beds
Baths: 7 Full / 0 Half
Living Area: 8,100 sq. ft.
Lot Size: 129,765 sq. ft.
Listed by: Kerri Payne Residential Properties, Ltd.
Office: 401-245-9600
Photos 360 View
$589,500 Mortgage Calculator
9 LINDEN LANE
Rehoboth, MA / 02769
MLS# 1087594
Type: Single Family
Neighborhood: THE PRESERVE AT BROOK ST.
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,800 sq. ft.
Lot Size: 60,000 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
Photos 360 View
$319,900 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
Photos 360 View
$419,000 Mortgage Calculator
733 CORNELL RD
Tiverton, RI / 02878
MLS# 1097454
Type: Single Family
Neighborhood: SOUTH TIVERTON
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 3,432 sq. ft.
Lot Size: 87,556 sq. ft.
Listed by: Marisa Ferris RESIDENTIAL PROPERTIES LTD.
Office: 401-783-2474
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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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