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

… common CEMA is offered to those who are refinancing their mortgage In some unique cases it is also available to … two said Miguel Lopez an attorney who works with National Cooperative Bank Editors note A previous version of this … a principal balance of $100000 on your mortgage and then refinance with a new lender for a mortgage of $200000 you …

By Evelyn Battaglia |June 18, 2026 - 9:30AM
What is a pied-à-terre? What makes it different from a typical NYC apartment?

… was published in March 2024 We are presenting it again with updated information for March 2025 If youre in the … family and friends when they are not there especially with all this recent talk about squatters rights in NYC  For … whose owner is not entitled to a resident tax credit  These apartments are also referred to as second homes Not every …

By Evelyn Battaglia |March 5, 2026 - 10:30AM
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 … amount called the gross rent This can make it difficult to figure out how much money youll be handing over to the landlord each month When landlords offer concessions like a month or two …

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 to … a lien search for a coop andif you are using financinga mortgage recording tax  The reason you pay the mortgage … Margolis Bergson Its also a tax you will have to pay if you refinance However there are ways to save on the mortgage

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