I didn’t score 100% ltv back at my family meaning that the lender create obtain money back when they foreclosed There’s however one thing I can’t select a definitive answer to. FHA are an insurance that we shell out guaranteeing the financial institution have a tendency to obtain money (even when my home is brand new make certain). If the there’s a default why does it works? In the event that I am using insurance policies so you can FHA and you will standard manage they pay the lender and you can i live in purchased (whatsoever it is insurance) or what will happen? Appears to be I am buying insurance policies that isn’t most insurance.