What is a Lifetime Expectancy Set Aside (LESA)?

Lifetime Expectancy Set Aside: LESA Definition

A lifetime expectancy set aside, or LESA, is an amount of money set aside at the beginning of a loan based on your anticipated life expectancy and ongoing expenses regarding the property. This money could be used to pay for property taxes, for homeowner’s insurance premiums, for homeowner’s association dues, maintenance on the home and more. The LESA is larger at the beginning of the loan and shrinks over time as your life expectancy and expected property-related costs decline.


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