A lump sum that the seller of a house pays to the buyer’s lender in order to reduce the cost of the loan to the buyer. The creditor may require the seller to pay some of the points. Also, the seller may do it voluntarily in order to make certain the buyer can purchase the property by reducing some of the closing costs and thus the amount of money that a buyer has to have upfront. One point equals 1 percent of the loan amount. Seller’s points typically are paid only if the seller is anxious to sell the house.