Mamba Capital Lending is a licensed mortgage broker and is not the lender or creditor. The home equity program described here is provided by a third party lender and its issuing bank, who are solely responsible for the product and for all rates, APRs, fees, credit lines, eligibility, and terms. The program requires a full draw of the approved credit limit at account opening into a fixed rate loan with a term of 5, 10, 15, or 30 years. The initial draw, cash outs, and balance transfers are fixed rate; card purchase balances use a variable rate equal to the WSJ Prime index plus a margin, with an index floor of 3.25%. The maximum APR is 18%. A one time draw fee of 1.9% to 4.9% of the credit limit applies (a 2% origination fee applies in Texas in place of the draw fee) and may be financed into the loan; recording fees may also apply and are placed in a 12 month, 0% APR plan. There is no application, annual, or appraisal fee, and a $29 late fee may apply where allowed by state law. An automated valuation is used for lines up to $400,000; lines above that require a full interior appraisal. 2% cash back applies to card purchases only, is subject to the program's terms, and is not available in Texas. Approval, credit line, rate, and terms depend on credit, income and property verification, combined loan to value, debt to income, and a minimum of $30,000 in retained home equity; lines range from $5,000 to $1,000,000. Terms are set by the lender and subject to change without notice. Not available in New York, Nevada, Massachusetts, Hawaii, or Missouri; additional state and loan size restrictions apply. This is not a commitment to lend and does not guarantee approval or any specific terms.
How we're paid. As a mortgage broker, Mamba Capital Lending is compensated by the lender when a loan closes. This compensation is paid by the lender and is not charged to you as a separate fee. Submitting this form is not a loan application and does not result in a credit inquiry. Consult a tax advisor about the deductibility of interest.
Advertisement. This is a paid advertisement and not an offer or commitment to lend. Not legal, financial, or tax advice. All credit products are subject to credit approval, income and property verification, and program qualification. Mamba Capital Lending NMLS# 2767456 | DRE# 02376820. Equal Housing Opportunity.
