I took out an FHA loan in November 06 for my first home. Now, I am looking to sell my house and move back in with my parents. Besides paying back closing costs, what else do I need to be aware of? -Ki
When closing your FHA Loan, it is advised that you do not rush this process and forget any payments that still need to be paid. It is best to contact your lender and make sure that you don't owe any other fees besides what must be paid for closing costs. It is important thoroughly check what payments you have made and what you still need to make.