Do you have to pay stamps again on a MD refi for a 2nd home?

No.  Not in MD or NY.  You will pay Stamp taxes on any new funds i.e. if you roll in closing costs you will pay stamp taxes on the amount that you are rolling in or if you do a cash-out transaction, then you'll pay Stamp taxes on the cash-out portion.

Actually, you do have to pay full stamps in MD on both second homes and investment properties. The "new monies borrowed" only applies to refinances on primary residences.

Hey Bob,

Do you know anything about NY stamp taxes???  I heard something the other day that I never heard before.  It applies to purchases - it's customary for the seller to pay some of the tax stamps???  In addition, the tax stamps due on a purchase is actually only on new money - new money being if the seller has a mortgage on the property, then the taxes due are only the taxes on the new money above the loan amount on the property.

ever hear that???