Most buyers require financing when buying a home. If you are paying cash, some of this may not apply to you..
If you are financing the purchase, you should apply for a mortgage within the time frame mentioned in the agreement.
You have already been prequalified by the lender before you started your search. Now you should make a formal application.
If you had already been preapproved, provide the agreement of sale to the lender .
DO NOT PROVIDE FALSE INFORMATION.
The lender will require bank statements, tax returns,pay stubs, 1099s, and lots more information. If you made a large deposit into your account recently he may ask for a written explanation. Provide everything in a timely manner so that your loan will be approved by the mortgage commitment date as mentioned in your agreement. If there is going to be a delay have your agent prepare an addendum for sellers to sign and agree to it.
Do not apply for any other credit at this time. It may affect your ability to quailfy for the mortgage for which you were prequalified as it will change the ratios.
Do not change jobs. If you change jobs inform the lender immediately. Different lenders have different criteria these days.
If your job picture changes in any way inform the lender right away. I had a sale where the buyer was in an accident, was unemployed for a month and was on temporary disability. The mortgage commitment date was extended till he got to work full time again.
Some buyers shop for a lender who has lowest rates. When you compare lenders compare apples to apples. Know the difference between points and no points when they quote you a rate. Ask the lender for all the other charges as well.
There are some lenders who do not lend money for purchasing condos.
The lender will require title insurance and home owner insurance/ hazard insurance on the property prior to settlement. You should get insurance even if it is cash deal.
Your agent or attorney can help you get title insurance. You can shop for home owner insurance. Most companies give you a discount if you have home and auto insurance with same company but it is still a good idea to compare.
The most important thing to do is to pay all your bills on time and not apply for new credit .
You can buy your furniture after settlement or pay cash. Do not pay by credit card unless your income supports additional debt.