|
Services
Agriculture
is potentially more risky than almost any other business. Louisiana
Land Bank understands those risks and offers a number of programs
to help you manage them.
FLBA
Mortgage Life and Disability Insurance
In the interests of your family's future, if anything happens
to you, what happens to your farm or your family?
Coverage
offered by Louisiana Land Bank serves your needs as a borrower by:
- Offering
reduced rates for customers
- Paying
all or part of your mortgage debt in the event of your death
- Helping
pay your mortgage loan for up to 3 years if you become disabled
- Empowering
you with the decision of how much of your loan to insure
- Offering
a 40% reduction in rates for women, which makes it more affordable
for husband and wife to get complete protection.
- Allowing
you to select a payment schedule that best fits your cash flow.
Funds-Held
Account
As a Louisiana Land Bank borrower, you're entitled to hold funds
in a special interest-bearing account, in any amount up to the principal
balance of your loan. The interest you earn is applied to the interest
due on your next loan installment. You can use money in a Funds-Held
Account for any purpose for which you ordinarily would take out
a new loan, and you can use it to pay installments on your loan.
|
