Join the GCB x NDSU Homecoming Party!
Thundar, the Gold Star Marching Band, NDSU Cheer Team, food trucks, bouncy houses and more. Plus, the first 500 attendees receive a free NDSU yard sign and Gate City Bank Field squishy!
See event details and RSVP on Facebook.

Conventional Fixed-Rate Mortgage

Definition

Offers you a set interest rate and payments that do not change throughout the life, or “term,” of the loan. A conventional fixed-rate loan is fully paid off over a given number of years – usually 15, 20 or 30. A portion of each monthly payment goes toward paying back the money borrowed, or the “principal,” with the rest being interest.