Good Neighbor Podcast Northport
Bringing Together Local Businesses and Neighbors of Tuscaloosa and Northport!
Good Neighbor Podcast Northport
Movement Mortgage: Demystifying Homeownership and Fostering Community with Lindsey Nance
Discover how you can shatter the myth of the elusive 20% down payment and unlock the door to homeownership! Lindsey Nance from Movement Mortgage joins us to illuminate the path to buying your dream home with financial insights that could change your life. Our conversation is a treasure trove of wisdom that cuts through common misconceptions and lays out a roadmap of mortgage options tailored for every financial scenario. Whether you're a first-time buyer or looking for a fresh perspective on home financing, prepare to have your horizons broadened as we navigate the landscape of FHA, USDA, and VA loans alongside Lindsey's expert guidance.
Dive into the heart of a company that's more than just about loans—it's about lives. Movement Mortgage isn't just crunching numbers; they're cultivating communities, fostering education through charter schools, and building a culture of support that extends well beyond the closing table. Get a personal glimpse into how Lindsey juggles a demanding career, the joys of family life, and the collective pursuit of a greater good. This episode is not only a guide to savvy mortgage strategies but also an inspiring story of how one company's ethos is transforming the fabric of neighborhoods across the nation. Join us for a journey that redefines the impact a mortgage company can make, both on individual lives and the wider community. #GNPNorthport #MovementMortgage #Tuscaloosa #ImpactLending #Mortgage #RealEstate #HouseHunting #MortgageAdvice #Lender #MortgageBroker #Home #HomeBuyer #Realtor #TuscaloosaRealtor
Good Neighbor Podcast. The place where local businesses and neighbors come together. Here's your host, patricia Blondheim.
Speaker 2:Welcome to the Good Neighbor Podcast. I'm your host, patricia Blondheim, and today we have Good Neighbor Lindsey Nance. And Lindsey is a loan officer at Movement Mortgage here in Tuscaloosa. Lindsey, how are you today?
Speaker 3:I'm doing well. Thank you so much for having me today.
Speaker 2:Well, I love that you're here and I would love for you to tell us about Movement Mortgage.
Speaker 3:Yes, movement Mortgage is a company that started in 2008 in the mortgage industry. When the mortgage industry actually crashed, they started out. They are a local mortgage company that is all over the United States and Hawaii. So we do mortgages. We also do. We are a 49% nonprofit, so not only mortgages by paying mortgage people doing mortgages with movement, we also give back to our communities in which that we stand in. We also do charter schools. So we are much more than just a mortgage company.
Speaker 2:So you also do charter schools. What does that mean?
Speaker 3:Yes, so Movement Mortgage our goal in the next 10 years is to have over 100 charter schools underneath Movement Mortgage. We 100% fund those schools, staff those schools, and they are typically in the closest one that we have here right now, as we just opened up in Atlanta Georgia. So we go into the low-com areas to bring better education into those areas. So we are working our way to the Tuscaloosa market soon.
Speaker 2:That's amazing. So Movement Mortgage is a unique corporation, one that puts its money where its mouth is, doesn't just whine and cry about how things aren't different. It makes things different.
Speaker 3:Absolutely yes, ma'am. We are here for a change. We want to see giving back into our communities, and it's much more than mortgages in our eyes, that mortgages just help us along the way.
Speaker 2:So does that affect the consumer experience, the consumer who is receiving the mortgage? Does that make it a different process for them, or is it pretty much the same as what you would get at any bank?
Speaker 3:The process is no different than any other financial application that they would be doing To me. I think it's a better process Because, honestly, you're working with people, that not just myself, but every loan officer here. We have a drive and we're here because we want to help people and so I think, whether you're here or in a different state, the loan officers we have a culture to uphold, and so I feel like using Movement Mortgage, not only giving back and helping the community, but we are very culture driven that it's more than just a transaction. This is someone's loss that we're putting in our hands, and we want to make sure they get the best experience as possible.
Speaker 2:Well, Lindsay, can you tell our listeners a little bit about your journey, about how you ended up here at Movement Mortgage?
Speaker 3:Yeah, so I started my mortgage career actually on the backside of mortgages. I worked with a local credit union here in our area and I actually started doing mortgage modifications. So for anyone that doesn't know what that is, that just means that when someone has gotten into a hardship situation and maybe they're behind on their mortgage or are going to be behind, I would be the person that they would talk to, that they would come up with a plan of action, how to get them back on track With their mortgage and not actually lose their home, because that is the worst thing ever. So we would come up with plan of actions and then, after doing that for a couple years, I just decided you know, I feel like I could be a better asset if I got on the front hand side of mortgages, where I could make sure that these people understood you know what it means, you know to have a mortgage and make sure that they were not putting themselves in a situation that they couldn't, because this job should definitely be more than just a paycheck to a loan officer. We need to make sure that we're giving really good advice and guidance, because they're looking at us as the professionals.
Speaker 3:And then so I started doing originating at the local credit union that I was working at, and we can only do conventional mortgages. So I branched out, started doing some research and movement was not in the Tuscaloosa market at that time, had lunch with my market leader just to really learn about what movement was about, and after getting up I just felt that the good Lord led to me that this is where I'm supposed to be. This is more than just a mortgage transaction for me, and this company represented so much more of that that I was wanting to be able to be a part of in our community and give back to our nonprofits here in Tuscaloosa, and movement allows me to do that.
Speaker 2:Sounds like you have the heart of a teacher, lindsay, and that this was that, this was. You know this was the right place for you to go with the right, with the right community outreach for you to grow and flourish and, you know, find your higher. Why, inside of what you do.
Speaker 3:Yes, ma'am.
Speaker 2:Do people come to you with misconceptions?
Speaker 3:They do. A lot of a lot of home buyers just think, believe it or not, especially in the younger generation. Right now, they think that nobody in my home is, you know, and my family is ever on the home. I'll be just like one of them and my firm conversation with with those people is that you know, you don't know what you don't know. So we need to you know, get you educated, come up with a plan of action.
Speaker 3:So many people think they have to have 20% to put down to be able to purchase a home. However, you know that is that is not the case. We have, you know, so many over the years, mortgages investors have gotten creative to help just the, the average American, be able to purchase, whether they have no money down or they have 20% down. So there's so many different options that you know no two mortgages or no two applications are going to be the same, because we're all human and we have different, different daily struggles and different, different ways of life. And so people just think, or someone's told them, without actually talking to the professionals in the business, to know what is available. Rent is on the rise, so why not own your own home for the same price that you can pay rent and pay somebody else's mortgage.
Speaker 2:And this is I think this is the difference between movement mortgage and going through, say, the bank you have your account at. The difference between having a mortgage brokerage like movement mortgage and being at a bank where you can qualify, you might be able to qualify for a conventional loan. Can you talk about the difference between those two experiences?
Speaker 3:Yeah, so a lot of your banks and you know they there's. You have so many different loan products. So you have conventional, you have LHA, you have USDA and you have VA. So those are the four popular loan products that are out there and they they all have their own guidelines, their own qualifications. So, depending on when we take in an application, we go through everything you know it may be for this person to go in a conventional loan typically a conventional loan we're looking at a six, six, 20 or higher credit score, depending on the down payment. If they don't have 20% down, then we're probably going to be more or less a six, 80 or higher. And LHA loan that is one of the most popular things. It has a lower down payment of a minimum three and a half percent down. But they will look at credit scores as low as 580. So maybe you've had a hardship, you know, in the credit. So LHA is going to be a little more favored to be able to take someone that has went through a hardship.
Speaker 3:Usda, that is 100% financing. They will also review as low as 580. But that's going to be your outskirts of town. You're not going to get the properties themselves have to qualify in those areas. And of course, va is for your veterans. You know they have 100% financing as low as 580 credit scores as well. So with the government loan products, on top of being able to offer conventional, conventional and LHA also have 100% financing options with 640 or higher credit scores. So it's just, you know, we just kind of figure out the box that the clientele is in and which you know products. Maybe that they qualify for all four products we won't, you know and then we'll figure out which one is the best of those.
Speaker 2:Well, lindsay, you're so knowledgeable about this and I know you spend a lot of time researching and staying on top of everything. That takes a lot of your time, but do you have time for fun? Is there something that you do? I do Not working.
Speaker 3:Well, I'm always working. My laptop is with me wherever I go, my telephone is with me wherever I go, but I do. I have a great family I have. My son is 10. He keeps us in the roads six to seven days a week. He is in every sport that he can possibly be in, so we spend many days at the ball parks. We love to go on vacation as a family, and the beach is my most favorite relaxing time. So if I could, if I could, get away to the beach once a month, I would definitely do that. So we love going on vacation supporting Kim. I just had my first grandbaby, so I am living the world of Granna and that is a whole new love that I am getting to experience now. So we definitely stay busy. Family is definitely my number one priority.
Speaker 2:Well, I'm thrilled for you. Congratulations on the new grandbaby, thank you. What has anything in life challenged you and and brought you to you know, to a stronger place in your life? Um?
Speaker 3:We. We started a family very early in life. So the, I would say, my number one challenge was, you know, keep. You know, working hard to push. You know the goals that I had for myself in life and you know, at a at a younger age than most we are, we are very close to what we had said was our end goal. Of course, now we have new goals. We set one and we said bigger, but you know, just Getting up every day and and setting my goal, what, what I'm gonna do today and and show it up seven days a week, you know, for other people I've been able to to be fulfilled and and everything that that I'm wanting out of life.
Speaker 2:I think that's beautiful, lindsay. What do you want our listeners to take away about movement mortgage?
Speaker 3:That movement mortgage is just so much more than than a transaction, than a mortgage transaction.
Speaker 3:We are truly here to to help guide our clients from the the first day that they decide to start looking to possibly purchase a home honestly, way after the transaction has closed at the closing table. One unique thing about movement mortgage is we also you know, we talked about the nonprofit, we talked about the charter schools. Well, the way that we do that is not by charging more fees or higher rates. We actually do that by servicing our own loans. So that is means that after you close on your loan here at movement mortgage, we have a whole servicing team that will maintain and work with you Until your loan is paid off and you making your mortgage payment every single month. A portion of that servicing Intake income goes back into our nonprofits.
Speaker 3:So, whether you're you know 20 years down the road, every time you make that mortgage payment you can know that you are making a difference in someone's life and then also know, as a loan officer here at movement mortgage when we go to the closing table, our relationship does not end. My cell phone is on at all times and you can still reach me long after we have closed our transaction. I hope that we Number one thing here with us is we want to build a lifetime relationship, not just a transaction relationship.
Speaker 2:Yeah, something a lot of people don't consider. It make you don't know is that quite often, when you get a mortgage with Any company a bank or a company the next thing that might happen it might happen right away, it might happen several years down the road is that that mortgage gets sold to another, to another Servicing company. That's right, yeah, and and that can cause Some confusion down the road, especially if you find yourself in a place where you need to modify that mortgage in some way, so you won't know who to talk to.
Speaker 3:You pick up the phone and call me. We're gonna get you exactly where you need to be and and figure out how to To get you back on track.
Speaker 2:It's kind of like insurance you know you buy the policy and you hope you never have to use it, but when you do use it down the down the road, it's good to know who to call. Right, you have somebody to call. In a mortgage, it can happen, quite without your knowledge, that the Mortgage gets sold and then suddenly you're left without a contact for that product that you're holding. So I think that's a. I think that's a major, I think that's a major point that movement mortgage is making that they indeed will service you for life. Yes, that is correct. Well, how can listeners learn more about movement mortgage? How can they contact you, lindsay?
Speaker 3:You can contact me by my cell number 205-454-4988. You can contact me by email, which is just LindsayLINDSYNANCE at movementcom. Or check out, you know, movement Morgant online to learn more about the charter schools, the community outreach in which we are involved in.
Speaker 2:Wonderful Lindsay, it was so great to see you again. Thank you for coming by and sharing with us today.
Speaker 3:Well, thank you so much for having me, and if I can ever help anyone, even if it's just questions, please reach out.
Speaker 2:Yeah, y'all, Lindsay's the greatest. Call her you.