Host Monty sits down with Melinda Gold, Director of Mortgage Banking at Stockyards Bank and Trust, to walk through the questions first-time buyers ask most. From conventional loans to government-backed options like FHA, VA, and USDA, Melinda explains how different programs are built to fit different financial situations and goals.
The conversation clears up one of the most persistent myths, the idea that you always need a big down payment to buy a home. Melinda talks through how down payments, credit, debt, and loan terms all shape the rate a borrower may qualify for, and why preparing ahead of time can make a real difference.
She also compares fixed rate and adjustable rate mortgages, weighs the tradeoffs between a 15-year and a 30-year term, and offers grounded perspective for anyone anxious about today's rates. Her biggest takeaway: there is no one-size-fits-all mortgage, so start the conversation early and ask questions. Press play to hear the full discussion. This episode is for general educational purposes and is not a substitute for professional financial advice.