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CEMA vs Mortgage Recording Tax vs Refinance w/ current co?
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butterfly20
Party of 5 - 2015
Member since 4/06 7390 total posts
Name:
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CEMA vs Mortgage Recording Tax vs Refinance w/ current co?
I just looked and current co BOA says its its 3.5% rate for refinancing 20year... BUT 1.125% points on it....
BFCU and NEFCU is 3.375 rate and no points on 20 year ....
So confused what company to go with......
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Posted 7/25/12 9:40 PM  |
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Prudential Douglas Elliman Real Estate
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JDubs
different, not less
Member since 7/09 13160 total posts
Name:
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Re: CEMA vs Mortgage Recording Tax vs Refinance w/ current co?
I did a CEMA, i did have to pay a fee though ($600) but it sounds like in the long run you are saving interest w/ the other banks..
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| Posted 7/26/12 10:34 AM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: CEMA vs Mortgage Recording Tax vs Refinance w/ current co?
Doing a CEMA with BOA is crazy right now. We had orginally applied and at that time wait was like 6-8 weeks. Last I heard wait is up to like 18 Weeks!!!!
We agreed to go Mortgage Recording tax route but now there is a chance that the CEMA may go through
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| Posted 7/26/12 10:41 AM |
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butterfly20
Party of 5 - 2015
Member since 4/06 7390 total posts
Name:
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CEMA vs Mortgage Recording Tax vs Refinance w/ current co?
I'm a big worried...... it sounds like BOA is a problem with others too.....
I'm not even sure how much extra the recording tax is though.... I'd guess the cheaper rate is still probably better with another co though.
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| Posted 7/26/12 5:44 PM |
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