Home asset management account
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United States of America Patent
Stats
-
Jan 29, 2008
Grant Date -
Aug 7, 2003
app pub date -
Feb 7, 2002
filing date -
Feb 7, 2002
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method and apparatus for a home asset management account system is provided that combines a first mortgage account and an equity line of credit (LOC) and offers a periodic sweep feature between the first mortgage and equity LOC, a periodic property value review feature of the first mortgage, and a statement feature that provides a customer valuable information on the subject property estimated value and the relationship between the first mortgage and the equity LOC. The first mortgage and equity LOC results from a proprietary automated decisioning/pricing system, the periodic sweep feature, the periodic property value review feature, and a unique statement feature are bundled into a financial package available for customers.
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Family
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Cited Art Landscape
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