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Home Equity Line of Credit Promotion

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Home Equity Loan Promotion

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Buy or Refi Mortgage Offer

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Consolidate debt, renovate your home, or get some extra help with closing costs when you buy or refi.

By using the equity in your home, you can open up opportunities to consolidate your bills at a rate you can afford, equip yourself for access to funds in an emergency or improve your home. Plus with our $1,000 buy or refi offer, you get a little bit back in your budget.

1 After the 1.49% Annual Percentage Rate (APR) 6-month introductory period, the APR on a home equity line of credit with principal and interest payments will be a variable rate based on Wall Street Journal Prime Rate (4.50% current as of December 14, 2017) plus or minus a margin with a minimum of 4.24%, maximum rate of 18% and a product floor rate of 2.99%. Prime may change at any time and is subject to change without notice. The introductory period begins on the date of account opening.

After the introductory period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the Home Equity Line of Credit agreement. In order to receive the offered rate, a minimum of $10,000 in new money and direct debit of loan payment from a First Commonwealth Bank checking account is required. An early termination fee may apply. An Annual Fee of $35 will be charged to your credit line. Taxes and property insurance are always required and flood insurance is required where necessary. If a deed transfer is necessary, title insurance and attorney's fees may be required. Consult your tax advisor about the deductibility of interest. Other rates and terms are available. Offer subject to change or withdrawal at any time.

For home equity lines of credit with principal and interest payments, offer is based upon loans $10,000 to $500,000, a loan to value less than 90% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage.

For home equity lines of credit with interest only payments, offer is based upon loans $10,000 to $500,000, a loan to value up to 80% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage. Interest only payments will convert to principal and interest payments at the end of the 10 year draw period.

2 Offer is based upon first lien and second lien loans up to $500,000, a loan to value up to 80% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage. Your actual Annual Percentage Rate (APR) may be higher based on a review of your credit application. In order to receive the offered rate, a minimum of $10,000 in new money and a direct debit of loan payment from a First Commonwealth Bank checking account are required. Otherwise, your rate will be higher. Flood insurance is required where necessary. If a deed transfer is necessary, title insurance and attorney's fees may be required. Taxes and property insurance are required and the actual payment obligation may be greater. Repayment example: monthly payment for each $1,000 borrowed at 3.75% APR for 84 months is $13.55. Consult your tax advisor about the deductibility of interest. Other rates and terms are available. Offer subject to change or withdrawal at any time.

3 Offer is based upon first lien loans up to $500,000, a loan to value up to 80% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage. Your actual Annual Percentage Rate (APR) may be higher based on a review of your credit application. In order to receive the offered rate, a minimum of $10,000 in new money and a direct debit of loan payment from a First Commonwealth Bank checking account are required. Otherwise, your rate will be higher. Flood insurance is required where necessary. If a deed transfer is necessary, title insurance and attorney's fees may be required. Taxes and property insurance are required and the actual payment obligation may be greater. Repayment example: monthly payment for each $1,000 borrowed at 4.39% APR for 180 months is $7.59. Consult your tax advisor about the deductibility of interest. Other rates and terms are available. Offer subject to change or withdrawal at any time.

4 Processing and Third Party fees ranging from $475 to $915 will not be assessed.

5 Earn up to $1,000 when your loan closes and funds through First Commonwealth Mortgage. To qualify for a $350 deposit to a First Commonwealth checking account a complete application must be received through First Commonwealth Mortgage. The loan must close and fund on or before March 31, 2018 to be valid for this offer. Both new account holders and existing account holders who have a checking account with First Commonwealth Bank are eligible. New account holders must open their checking account within 30 calendar days of their loan funding. The minimum amount to open a Hometown Checking account and receive the promotional credit is $50. Current account holders must present the promo voucher at a local branch within 30 calendar days of their loan funding. Reward will be credited to active checking accounts within 30 calendar days from the date of deposit account opening or voucher redemption and will be identified as Promotional Credit on your checking account statement. No minimum balance required to earn reward. Only one voucher per funded loan is redeemable. As of 12/15/17 the interest rate and APY (Annual Percentage Yield) on a Hometown Checking plus Interest Package is as follows: on daily balances from $0.00 to $499.99 the interest rate is $0.00% yielding 0.00% APY; on daily balances $500.00 to $2499.99 the rate is 0.01% yielding 0.01% APY; on daily balances $2500.00 to $9,999.99 the rate is 0.01% yielding 0.01% APY; on daily balances $10,000 and over the rate is 0.01% yielding 0.01% APY. The interest rate may change after the account is opened. Fees may reduce earnings on the account. Offer subject to change without notice. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099 and may be considered taxable income.Please consult your tax advisor regarding your specific situation.

To qualify for a $650 Lender Credit a complete application must be received through First Commonwealth Mortgage. The loan must close and fund on or before March 31, 2018 and be secured by a 1st lien to be valid for this offer. Offer is not valid for applications received through the First at Home or Medical Professional programs. The credit will be applied to the Lender Credits section of the loan Closing Disclosure. Offer subject to change without notice.

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