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

Yorkers The most common CEMA is offered to those who are refinancing their mortgage In some unique cases it is also … to do everything you can not to pay it again What are CEMA loans and when they make sense How they work CEMA loans can … pay tax on the new mortgage minus the remaining balance transferred from the seller Because the recording tax is …

By Evelyn Battaglia |March 25, 2025 - 9:30AM
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 pay several hefty fees … youre buying a place at or above $1 million Then theres the transfer tax title insurance a lien search for a coop andif …

By Brick Underground |February 18, 2025 - 12:30PM
How to reduce your capital gains tax when selling your NYC co-op, condo, or brownstone

… versions of this article contained reporting and writing by Alanna Schubach and Emily Myers  … You Might Also Like … …

By Brick Underground |February 10, 2025 - 1:30PM
The buyer's and seller's guide to NYC closing costs

… Whether youre buying or selling real estate in New York City you face hefty … must pay a state and city mortgage tax of 1925 percent on loans over $500000 or 18 percent for loans under $500000 … a $1 million condo with an $800000 mortgage thats $15400 … Transfer taxes sponsor coop and new condo buyers only … If …

By Evelyn Battaglia |January 6, 2025 - 10:00AM