THE DO'S AND DON'TS
A list of helpful tips

Whether you're purchasing or refinancing, here are a few important things to know. Please feel free to call any team member of the Gina Myers Team with any questions.

DO, SAVE, AND PROVIDE

* Stay current on all existing credit accounts

* Continue making your mortgage or rent payments on time

* Provide most current pay stubs covering 30 days, the last 2 year's federal tax returns (all pages, all

   schedules, 2 years W-2s/1099s and other income documentation

* Include all sources of income including base pay, overtime, bonuses, retirement pay, child/spousal

   support

* Provide a complete 2 year residence and employment history

* Most recent asset statements including: bank, brokerage, mutual funds and retirement accounts.

* Source of non-payroll deposited into your bank account 

* Evidence of 60 days seasoned, liquid assets for funds to close

* Gift fund documentation including proof of donor's ability to gift, gift letter, copy of gift check and

   proof of gift deposit

* Explanations for any (current/pending) derogatory credit, judgements, or liens

* Divorce decree, separation agreement, property settlement agreement, if applicable

* Copy of current lease and mortgage statements on any investment properties

* Copy of DD 214 or Statement of Service from your commanding officer (stating rank, position and

   that you are in good standing) for VA loans

* Know that funds for closing need to be a certified check or wire

DON'T BEFORE OR DURING THE LOAN PROCESS

* Open any new credit cards or increase credit balances

* Close any credit card accounts

* Dispute or close any items on your credit report

* Forget to make your payments on time

* Take any credit card advance

* Make unnecessary banking transfers

* Make any major purchases such as a car, boat, furniture, jewelry, etc.

* Start new home improvements projects until after closing

Gina Myers

Office: 703.449.6808

Cell: 703.930.2009

Fax: 703.991.1486

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Intercoastal Mortgage Company

4100 Monument Corner Drive #220

Fairfax, VA  22030

Intercoastal Mortgage Company NMLS ID # 56323 | Intercoastal Mortgage is licensed by the Virginia State Corporation Commission, License #MC-375 | (www.nmlsconsumeraccess.org)