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$249,000 Mortgage Calculator
53 TRUMAN AV
Warren, RI / 02885
MLS# 1070842
Type: Single Family
Neighborhood: SOUTH WARREN- OFF MAIN ST
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 1,768 sq. ft.
Lot Size: 12,200 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$159,000 Mortgage Calculator
0 JULIANA DR
Cranston, RI / 02921
MLS# 1045401
Type: Vacant Land
Neighborhood: WESTERN
Lot Frontage: 277 ft.
Lot Size: 79,972 sq. ft.
Lot Type: Residential, Total Residential Development
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$299,000 Mortgage Calculator
103 BATEMAN AV
Cranston, RI / 02920
MLS# 1065969
Type: Single Family
Neighborhood: OAKLAWN
Beds: 2 Beds
Baths: 1 Full / 1 Half
Living Area: 2,014 sq. ft.
Lot Size: 7,700 sq. ft.
Listed by: Raquel Storti Keller Williams Realty
Office: 401-785-1700
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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
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$595,000 Mortgage Calculator
36 PRAIRIE AV
Newport, RI / 02840
MLS# 1064918
Type: Single Family
Neighborhood: KAY/CATHERINE
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 1,962 sq. ft.
Lot Size: 5,403 sq. ft.
Listed by: Kevin Barrett Libby Kirwin Real Estate LLC
Office: 401-619-5622
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$629,000 Mortgage Calculator
166 CAMDEN RD
Narragansett, RI / 02882
MLS# 1068373
Type: Single Family
Neighborhood: BONNET SHORES
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,784 sq. ft.
Lot Size: 4,500 sq. ft.
Listed by: Ernie ESPOSITO RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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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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$64,900 Mortgage Calculator
0 BUENA VISTA DR
Johnston, RI / 02920
MLS# 1073708 NEW
Type: Vacant Land
Neighborhood: ATWOOD
Lot Frontage: 0 ft.
Lot Size: 0 sq. ft.
Lot Type: Residential
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
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$209,000 Mortgage Calculator
22 CLARKE RD
Coventry, RI / 02816
MLS# 1064700
Type: Single Family
Neighborhood: SCIT LINE / BLACKROCK
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,476 sq. ft.
Lot Size: 60,984 sq. ft.
Listed by: Janet Flori AMERICAN DREAM REALTY
Office: 401-463-7800
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$178,900 Mortgage Calculator
671 METACOM AV
Bristol, RI / 02809
MLS# 1067040
Type: Condo
Complex Name: Courtyard at Metacom
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,106 sq. ft.
Style Type: One Level
Listed by: Joyce Kinsella East Bay Real Estate
Office: 401-253-2983
First Homes Tax Credit
 
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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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