Negative Points

Negative Points

Points paid by a lender for a loan with a rate above the rate on a zero point loan.

For example, a lender might quote the following prices: 8%/0 points, 7.5%/3 points, 8.75%/-2.5 points. Negative points, often referred to as “rebates,” are used to reduce a borrower's settlement costs. When negative points are retained by a mortgage broker, they are called a “yield spread premium.” See Points/Points and Rebates as Borrower Options.

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References in periodicals archive ?
In the event, by using force, the PPP earned itself some negative points even when, according to its own account, it was the federal government the growers needed to protest against.
Schools where performance is below average can receive negative points up to a maximum of -0.
During the meeting, negative points of the past elections, as well as proposals and solutions to avoid them in the forthcoming polls were discussed.
A 'fact-finding report' of the Pakistan Awami Tehreek (PAT) has revealed many negative points in 8years of Punjab government's performance.
Representative of the first constituency Ali Al-Shuweikh confirmed that the situation is re-assuring, noting that the Northern Municipal Council had identified all the negative points which, he said, will be overcome in the coming period.
Iran's Supreme Leader said that the enemies of Iran have spent huge amounts of money to wage massive media campaign against Iran with the aim of undermining the country's strong points and exaggerating its certain negative points in order to create disappointment among people and the youth in particular.
Contract awarded for Hapyeong Park 2 negative points for installation work
The authority has prepared a detailed report of 39 pages on the main positive and negative points of the bill.
Politicians and experts stressed the need to open a wider dialogue with all partisan, political and national forces on the draft elections law to maximize the advantages and rectify the negative points if they existed.
In fact, the average of negative points for that 34 year period is -14.
Catalans are the only team in the top eight with a negative points difference and this looks like an ideal opportunity to rectify that situation.
Arriving early or late will lead to negative points.