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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