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

… modification agreement or CEMA is a loan only available to New Yorkers The most common CEMA is offered to those who are refinancing their mortgage In some unique cases it is also available to … pay tax on the new mortgage minus the remaining balance transferred from the seller Because the recording tax is …

By Evelyn Battaglia |June 18, 2026 - 9:30AM