If you’re refinancing a mortgage in New York there’s a unique financial tool that could save you thousands: CEMA, which stands for Consolidation, Extension, and Modification Agreement. This type of mortgage is specific to New York State and allows homeowners to avoid paying mortgage recording tax on the full amount of a refinanced loan. Here’s … Continued
Lady Bird Deeds
A Potential Smarter Way to Pass on Property in Florida A Lady Bird Deed, officially known as an Enhanced Life Estate Deed, lets you pass your property directly to your family without probate after you pass away. They also allow owners to retain control over their property during their lifetime. This includes the ability to … Continued
What is a 1031 Exchange?
When a business owner divests a property and reinvests the proceeds into another, immediate tax obligations are postponed. This strategy allows for the deferral of capital gains taxes associated with the initial property sale. Types of Exchanges:
What is Title Insurance?
Title insurance stands apart from typical insurance coverage. While most insurance policies guard against potential future risks, a title policy shields against the repercussions of past events. Furthermore, unlike other insurance types, a single premium payment secures a lifetime of coverage. What does Title Insurance do?
