About Simply Seniors

A new web site created especially for people over 50.

The senior years can be a very 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. Why not take control and make these years a fruitful exploration to benefit yourself and those around you?

SimplySeniors.com wants to create an Internet experience for seniors and anyone else who wants to explore what life is like after age 50. Your senior years are not a time to be pinned down with complexities. We aim to help make senior life simple.

Join us in exploring some of our favorite senior topics like health, relationships, food, managing wealth and the all important fun and recreation.

--The Simply Seniors Team

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.