Discover however some thing I can not see a decisive way to. FHA was an insurance coverage that i pay encouraging the financial institution commonly get their money (whether or not i live in the latest ensure). If there was a default how does they work? If I’m purchasing insurance so you’re able to FHA and you will default manage they shell out the lending company and you can my home is purchased (whatsoever that is insurance rates) or what the results are? (more…)