Seller's points

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Seller's points

In reference to a loan, seller's points consist of a lump sum paid by the seller to the buyer's creditor to reduce the cost of the loan to the buyer. This payment is either required by the creditor or volunteered by the seller, usually in a loan to buy real estate. Generally, one point equals one percent of the loan amount.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Seller's Points

A lump sum that the seller of real estate pays to the lender that finances the transaction for the buyer. Seller's points are part of the seller's closing costs and are used to make the loan less expensive for the lender. Seller's points are usually made when the seller needs to rid himself/herself of the property in short order and wants to encourage the lender to qualify the buyer. Most of the time, one point equals 1% of the amount of the loan.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
"It's more secure from the sellers point of view as well.
Lin and other sellers point to the enduring popularity of the wide-eyed owl on pencil cases and other supplies.
To support that contention, sellers point to studies indicating that something in shark cartilage can inhibit the blood vessel growth that tumors rely on for access to nutrients.
On the other hand, out-of-state sellers point to state registration requirements, additional administrative burdens and Supreme Court case law as several reasons why collection of the states' use tax should not be their concern.
Sellers point to buying strength in the U.K., French and German markets, though they report that Spain and Italy remain slow.
Similarly, most sellers point to a further consolidation in the marketplace and the establishment of bigger independent companies, a trend high-lighted by the recent deal between Intermedia, Spyglass Entertainment and Initial Entertainment Group.
An informal survey of sellers points to some of the top buyers in key international territories: eOne in the U.K., Australia, and Canada, StudioCanal in France, Germany, and the U.K., along with several other well-capitalized distribs such as Universum, TeleMunchen, and Constantin in Germany, Metropolitan and SND in France, Roadshow in Australia, Elevation in Canada and Entertainment Film Distributors in the U.K.
Sellers points out that he did not need a study to tell him that Americans are obsessed with the accumulation of "stuff." All he had to do was turn on the television.
of Northumberland also hallenges and opportunage of the county's reshe fastest-growing in the ople move in to enjoy the s younger denizens leave for jobs and city lig Sellers points out Newcastle University the past - that this sh commerce, since th age group is estim hts.
Spokesman Paul Sellers pointed out that the Working Time directive was brought in as a Health and Safety measure.
For example, even though a Siemens VDO Automotive plant is producing intake manifolds and a Siemens Transportation Systems facility is dealing with railcars, Sellers points out that they both must deal with production, logistics, human resources, and a variety of other issues that might superficially seem to be different but that are fundamentally the same.
As Susan Sellers points out, thirty-four of Cixous's forty books are works of fiction, and her two plays written for Ariane Mnouchkine's 'Theatre du Soleil' made a significant impact, as did the remarkable Portrait de Dora, her dramatic reworking of Freud's famous case-study.