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.

Step-Rate Mortgage

Definition

A mortgage that allows for the interest rate to increase according to a specified schedule (For example, seven years.), resulting in increased payments. At the end of the specified period, the rate and payments will remain constant for the remainder of the loan.