A home equity loan, which you may know as a second mortgage, is based on the difference between your home's appraised value and the current balance on your mortgage.
A home equity line of credit, which is secured by a 1st or 2nd mortgage on your primary residence, is based on a percentage of the appraised value of your home less the current balance on your 1st mortgage.
Are you thinking about doing some home remodeling or taking a much-deserved vacation? Or are you looking to pay off some high-interest credit card debt? Let your Home Equity Line of Credit with Itasca Bank & Trust Co. work for you. Itasca Bank & Trust Co.'s NMLS #597856.
We appreciate the opportunity to work with you and look forward to discussing your specific needs.
Valerie DalPino
Vice President, Consumer Loan Officer
630-773-0350 ext. 241
NMLS#697427
Primarily serving DuPage and Cook Counties.
Please print a copy of the following documents with the Home Equity Line of Credit application. The disclosures and booklet provide information related to this type of loan and are for you to keep.