Transfer Tax



Answers
avatar
Answer #1

You will only pay the difference between the old loan and new loan. So we need to know the loan amount currently and what the new loan will be to tell you the estimated tax. Hope this was helpful.

Thanks,
Brent Mendelson
Senior Loan Officer
1ST Mariner Mortgage
O-240-235-5314
C-301-412-0259
F-240-235-8236
Bmendelson@1stMarinerbank.com
Lending in all 50 states
nmls#111407

Answers Answered By: Brent Mendelson Level Rating133points

Answer this Question

You must be Logged In to Answer this Question
Not a member yet? Sign Up Now »

Related Questions

  • refinance transfer taxDecember 30, 2011 refinance transfer tax (3)
    I live in charles county and im refinancing after buying almost 2 years ago. My bank is telling me i may have to pay a transfer tax of ~$3100. Is this correct?
  • PG County Transfer FeeJuly 25, 2013 PG County Transfer Fee (1)
    Does a seller in Prince George\\\'s County Maryland have to pay a transfer fee? Why would the buyer not pick that up?
  • Transfer TaxesJune 29, 2015 Transfer Taxes (0)
    Mother recently passed away. we want to deed the house to us (2 children) will we have to pay transfer taxes when recording the deed? We currently reside in the home which is located in Montgomery County. MD
  • refi w/cash outMay 4, 2016 refi w/cash out (1)
    Looking to refi current primary residence with cash out to purchase adjacent lot. Current loan owe 312k, loan refi for 384k. I live in Frederick county , md. What are the transfer and recordation fees?

LOAN OFFICERS

Lets Stay In Touch

Contact Brent Mendelson

Your Name:

Your Email:

Phone:

Message:

Cancel

Contact Casey Hanagan

Your Name:

Your Email:

Phone:

Message:

Cancel