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New York City Real Estate Forum
HomeForumsNew York City Real Estate ForumIs there a way around the NYC mortgage recording tax?
Jordan Blit's profile image
Jordan Blit's profile image
Jordan Blit
Pro Member
  • from Brooklyn, New York
  • Member since Jul 31, 2016
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Jordan Blit's profile image
Jordan Blit's profile image
Jordan Blit
Pro Member
  • from Brooklyn, New York
  • Member since Jul 31, 2016
Connect
Jordan Blit
Pro Member
  • Brooklyn, NY
2
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8
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New York City Real Estate Forum

Is there a way around the NYC mortgage recording tax?

Jordan Blit
Pro Member
  • Brooklyn, NY
Posted Jun 5 2019, 13:06

Hello folks,

I'm looking to open a HELOC on my NYC condo so I can utilize the equity I've built. The mortgage recording tax is nuts to begin with but to have to pay it on a line of credit seems really crazy to me. Is there any legal way around it?

-j in Williamsburg 

New York City, New York
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