Robert L WadeFounder & CEO, RMLO Texas Reverse Mortgage, Inc.
Since 1991 I have owned and managed three different mortgage companies, the most recent being Texas Reverse Mortgage, Inc. which I have had since 2006. Prior to that, as a CPA I audited mortgage companies so that they could retain their FHA Certifications. With almost 30 years experience I have learned to treat borrowers with respect and to try and provide products that are helpful and fit their needs.
Of all types of mortgages the Reverse Mortgage is the product that, more than any other, has helped folks that really needed a change in circumstances to enhance their lives. Whether it was just a need to stop paying traditional mortgage payments so they could spend more time actually living, or needing a line of credit for the comfort of knowing that any sudden health issues would not force them out of their homes, all the borrowers had a real need. Of course it is a important decision and should not be taken lightly, but if a real need exists using some of the equity in your home makes sense.
I have personally provided hundreds of Reverse Mortgages for people like you and always do whatever I can for as long as needed to get an approval for your loan. In the past 3 years it has taken over a year for two of my clients and I often used my CPA background to formulate plans that worked to get them approved.
Prior to starting my accounting practice in 1974 in Dallas I worked as an Assistant Controller for Neiman-Marcus and then moved back to Austin and started my practice here. I was in the U.S. Air Force during the Vietnam war and was honorably discharged in 1974.