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Reverse Mortgage Eligibility & Safeguards

Related Terms

LESA

LESA, or Life Expectancy Set Aside, is a fairly common practice. If a lender determines a borrower may have difficulty meeting the obligations of the loan, the borrower may be required to “set aside” a portion of the loan proceeds.

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Line of Credit

Reverse mortgages allow retired homeowners to tap into the...

Loan Origination Fee

When you apply for a reverse mortgage, lenders must conduct...

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Reverse Mortgage Eligibility & Safeguards

Related Terms

Initial Disbursement

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LESA

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Line of Credit

Loan Origination Fee

Recent Articles

When Is the Best Time to Get a Home Equity Conversion Mortgage?

How to Access the Equity in Your Home

Is a Reverse Mortgage a Good Idea?

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