Latest News
- Simply Seniors welcomes over 50 Internet users - SimplySeniors.com is a new web site created especially for people over 50. The senior years can be the most abundant time of life. More than likely, it is a time of changes for you and a time to steer your life in a new direction. There are many choices to be made when entering into the senior phase. Merely adapting seems an inadequate choice for today's seniors. More...
Health
Relationships
Food
The Joys of Cooking
Recipes from Kitchen Solitude
Never let it be said that you no longer cook (unless there are extenuating circumstances). So many former cooks have announced, "Kitchen is Closed." But they are missing out on one of the most rewarding pursuits that we seniors can enjoy.
Read More >>Staying Connected
Communicate with your kids their way
In the seemingly endless bustle of the world today, sometimes making and keeping contacts with your children and grandchildren can be a frustrating it-or-miss process.
Fortunately, all this bustle has forced the creation of several wonderful and multi-purpose avenues of contact that quickly and easily open the doors to staying connected with your family members.
Read More >>Reverse Mortgages
Why is this Home Mortgage so Popular with Seniors?
Requirements:
- Own a home
- Be 62 years of age
- have enough equity
You may have heard the phrase, "reverse mortgage," used at some time by friends, family, former co-workers or your financial advisors. Seemingly straightforward, the phrase denotes a unique type of homeowner's loan that has become increasingly popular among seniors. So popular, in fact, that the National Reverse Mortgage Lenders Association (NRMLA) reported a growth of 77% in reverse mortgage loans for 2006.
Simply put, a reverse mortgage is a loan that allows homeowners, 62 or older, to borrow against the equity in their home—without having to take on new monthly mortgage payments, give up title to, or sell their homes.
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