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what is...
NEGATIVE POINTS
Points paid by a lender for a loan with a rate above the rate on a zero point loan. For example, a wholesaler quotes the following prices to a mortgage broker. On mortgage web sites, negative points are usually referred to as "rebates" because they are used to reduce a borrower's settlement costs.
ALSO SEE: BACK-END FEE OR COMMISSION, BUY-UP

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