Special Mortgage Programs for Buyers
February 13, 2018
Hosted by Vince Rocco
Did you know it’s possible to buy property in New York and pay no mortgage recording tax? The mortgage recording tax ranges from 0.75% to 2.8% of the total principal of the mortgage, so it is a significant expense when buying a home or commercial property. On a home purchase with a $1MM mortgage in NYC, the mortgage recording taxes amount to more than $19,000. There is, however, a fully accepted method to pay zero mortgage recording tax. It’s called a Purchase CEMA—a twist on the widely known CEMA. It cannot be used in every purchase, but when it can be used, the savings are substantial. Matt Lowerre from Wells Fargo Bank is here to explain. Also at this hour: Expanding your family is a joy, but having children can be financially challenging. This is true for New Yorkers, who face high housing prices and are twice as likely to rent than the average American household.
Good Morning New York, Real Estate with Vince Rocco
Archives Available on VoiceAmerica Variety Channel
Our show is about everything Real Estate to every consumer in the New York marketplace and on occasion we also focus on the national market place.
The program will provide you with the most educated approach to a deal including introduction to the most qualified resources in the business of real estate to successfully, buy and close a transaction.
In particular we will focus on the local Manhattan market. We will talk to sellers, buyers, agents, attorneys, and mortgage bankers, stagers and designers, all engaged in the deal to find success and happiness.
We will also look weekly at local and national market conditions at the beginning of every show.
What is the pulse on the market? Find out, by tuning in to Good Morning New York, Real Estate with Vince Rocco on the VoiceAmerica Variety Channel.
I became interested in a real estate career in the mid-1990s while buying and selling Manhattan co-ops and condos for my own personal real estate projects (renovating and selling), and found it to be an exciting industry. I decided to make Real Estate a full time profession and I've never looked back.
The ROCCO Group is dedicated to delivering quality service to our buyers and sellers. I get personally involved in every detail of the deal. I am known for my straightforward approach, my integrity and flexibility while working with people. I cultivate strong relationships that last a lifetime.
I have an extensive knowledge of Manhattan and its neighborhoods. I became an expert in New Condo Development sales over the past five years selling in three separate new development projects. I've made appearances on 'Sweat Equity' on the DIY network as one of their pricing experts, and have been featured on 'House Hunters' on HGTV and I'm working on an interactive web/blog portal where I will be hosting a weekly 'over the net' Real Estate program featuring everything New York City. I have been quoted in NY Magazine, NY Post, NY Times, QUEST, The Real Deal, and Broker's Weekly.
I live on the Upper West Side of Manhattan with my dog, Jett. I know Manhattan well and all of its neighborhood's so touring for a new home is always an exciting adventure with me. I make it personal. Your dream of finding the perfect home or selling your home will become a reality.