A way of obtaining a better interest rate, lowering monthly payments or borrowing cash on the equity in a property that has built up on a loan. A second loan is taken out to pay off the first, higher-rate loan.
By following this link, you’re leaving GateCity.Bank to visit an external site. While this site has been known for being completely safe, please know that we’re ultimately not responsible for its content.
Friendly reminder: Please don’t share Social Security numbers, account numbers, credit card numbers or passwords via email. If you need to share sensitive information, give us a call instead at 701-293-2400 or 800-423-3344.