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Matt129

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Mortgage tax in NY on a refinance?

Hello, I'm looking to refinance an existing mortgage with same lender without "cashing out". I've received conflicting information regarding the "mortgage tax" charged by the county. On one hand, I'm told that I won't have to pay this 1% tax as long as I'm not adding "new money" to the mortgage. On the other hand, I'm being told that I will have to pay this tax unless I do a CEMA? Please clarify.

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