Saving on Mortgage Taxes

In the article, the author compares the mortgages taxes in New York State, Connecticut and New Jersey in the past four year. It is clearly to see that mortgage taxes are decreasing and New York State has a much higher tax rates compared to other boarding states. Plus, New York State has other related tax that will add the total cost up, such as mortgage recording tax. In addition, in all the three states, borrowers also need to pay the assignment fees. So a low loan balance may not be worthwhile to sign. So borrowers should be careful when they make investments.