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Refinancing Your Home Loan

With a competitive home equity refinance loan, you could save money on your monthly mortgage payments or shorten the term of your current home loan (from 30 year fixed to 15 year fixed, for example) so you can pay off your home sooner than planned.

With a limited-time great fixed rate at a term that’s right for you, now’s the time to consider a home equity refinance loan.

Great Rates

Click here to get the application process started now.

* For example: monthly payment for each $1,000 at 2.89% APR for 60 months is $17.92; for each $1,000 at 3.69% APR for 120 months is $9.98; for each $1,000 at 5.39% APR for 180 months is $8.11. For credit secured by a first lien on your dwelling, the payment does not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. Offer is based upon loans up to $500,000, a loan to value (LTV) up to 80% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage. A minimum of $10,000 in new money and a First Commonwealth Bank checking account with direct debit payment is required to obtain this rate and terms. For this promotional offer, application fee and closing costs are waived, except for appraisal. An appraisal may be required with an estimated cost to the borrower of $200 to $500. Homeowner insurance is a requirement of installment loans secured by home equity. Insurance need not be purchased from First Commonwealth Insurance Agency to obtain credit. Other rates and terms are available. Consult your tax advisor about the deductibility of interest. Offer subject to change or withdrawal at any time and may not be used with any other offer from First Commonwealth Bank.

** After the 1.99% Annual Percentage Rate (APR) introductory period, the APR will be a variable rate based on Wall Street Journal Prime Rate (3.25% current as of December 3, 2013) plus or minus a margin with a minimum of 2.99% and maximum rate of 18%. Offer is based upon loans up to $500,000, a loan to value (LTV) less than 90% on an owner-occupied primary residence, and subject to credit approval. A minimum of $10,000 in new money and a First Commonwealth Bank checking account is required to obtain this rate and terms. Fees typically would range from $425 to $855, but for this promotional offer, application fee and closing costs are waived, except for appraisal. An appraisal may be required with an estimated cost to the borrower of $200 to $500. An Early Termination Fee of the lesser of 2% of the credit limit or $350 applies if your credit line is paid off and closes within 36 months of date of credit agreement for any reason, including the sale of your home or if you refinance. An Annual Fee of $25 will be charged to your credit line annually. Homeowner insurance is a requirement of lines of credit secured by home equity. Insurance need not be purchased from First Commonwealth Insurance Agency to obtain credit. Other rates and terms are available. Consult your tax advisor about the deductibility of interest. Offer subject to change or withdrawal at any time and may not be used with any other offer from First Commonwealth Bank.