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

A consolidation extension and modification agreement or CEMA … their mortgage In some unique cases it is also available to buyers  Why do owners and buyers use a CEMA This maneuver … by Alanna Schubach … Buy … Negotiating + Financing … Bricktionarybuying … mortgage … taxes … What is a CEMA

By Evelyn Battaglia |June 18, 2026 - 9:30AM
Understanding net effective rent: Here's how to calculate your real monthly rent

… When you search New York City rental listings you may see the term net effective rent or a higher rent amount called the gross rent This can … is offering a free month of rent as a concession on a 12month lease then the net effective rent will be $3300 …

By Jennifer White Karp |March 26, 2025 - 4:00PM
What is a mortgage recording tax? Are there ways to reduce it?

Buying a coop condo or house in New York City means you can expect … closing costs for coops are much lower than condos  … A CEMA or mortgage assignment reduces your payment … One way … … Buy … Negotiating + Financing … Bricktionary … closing … In case you missed it … mortgage … …

By Brick Underground |February 18, 2025 - 12:30PM