Schumer Refinances Home and Gillibrand Sells Building Lot

12:12 PM, May 22, 2013   |    comments
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By Brian Tumulty
Gannett Washington Bureau

WASHINGTON - New York's two Democratic senators readjusted their real-estate portfolios in 2012, according to annual personal financial disclosure documents released Wednesday morning.

Sen. Chuck Schumer and his wife, Iris Weinshall, refinanced the mortgage on their house in Brooklyn, closing out a 6.85 percent 15-year loan with PHH Mortgage of New Jersey and obtaining a lower 3.37 percent rate from Citibank on a 10-year loan.

The Schumers apparently took out some equity from their home. The new loan is listed between $50,001 and $100,000 while the closed mortgage was between $15,001 and $50,000.

The annual personal financial disclosure forms report assets, debts and transactions in broad ranges.

Sen. Kirsten Gillibrand and her husband, Jonathan Gillibrand, sold a vacant lot in the Columbia County community of Mt. Merino for $50,001 to $100,000. The proceeds of the sale were listed as a capital gain.

The lot is located near the house where Gillibrand, her husband and two sons previously lived. That house was sold in early 2011.
The Gillibrand family moved into a five-bedroom house in the Rensselaer County community of Brunswick that was purchased for $335,000. There is no mortgage on the house in Brunswick.

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