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Glossary of Terms > N > Negative Points

Negative Points

Points paid by a lender for a home loan with a rate above the rate on a zero point loan. For example, a wholesaler quotes the following prices to a mortgage broker: -- 8 percent / 0 points -- 7.5 percent / 3 points -- 8.75 percent / -3 points On many home mortgage sites, negative points are usually referred to as "rebates" because they are used to reduce a borrower's settlement costs.

N Terms

Negative Amortization

Negative Amortization Cap

Negative Points

No Change Scenario

No Cost Mortgage

No Doc Loans

No Money Down Mortgage

Non-Conforming Mortgage

Note