LESA | Reverse Mortgage Glossary
LESA
Life Expectancy Set-Aside; reserves part of proceeds to pay taxes and insurance.
Plain English
Life Expectancy Set-Aside; reserves part of proceeds to pay taxes and insurance.
Everyday analogy
Think of this as one piece of a loan puzzle. See our complete glossary or what is a reverse mortgage guide for context.
When this is NOT a good fit
Understanding terms does not mean a reverse mortgage is right for you. Review our eligibility and foreclosure guides before deciding.