What is a CEMA loan, and how can it reduce my mortgage recording tax?

… extension and modification agreement or CEMA is a loan only available to New Yorkers The most common CEMA is … you avoid paying the entire mortgage recording tax on a home loan It involves assigning a mortgage from one lender … for reassigning the loan However if you switch banks your first lender has to approve assigning your mortgage to the …

By Evelyn Battaglia |March 25, 2025 - 9:30AM