Get in touch with me for more information.
This income is split between this City and State and they don't like losing their fee income.
CEMA's are worth the effort. It requires the cooperation of your current lender. They must send the closing attorney the originally recorded documents so that they can be rerecorded with your new mortgage loan docs. Since most lenders are based out of state, they really don't care about your having to pay these fees. If they can't find these docs, you loose. They will charge you at least $600 for their efforts. NY/NYC are also happy when these banks do not cooperate since their fee income is decreased. You still must pay the full fee on the difference between your current balance and the new loan amount.
Your title insurance for lender coverage should also be adjusted accordingly.
If you need anymore info please feel free to email me. firstname.lastname@example.org.
Hope that helps!