METHODS AND SYSTEMS FOR FINANCING EXPENSES WITH A LOAN SECURED BY REAL PROPERTY

METHODS AND SYSTEMS FOR FINANCING EXPENSES WITH A LOAN SECURED BY REAL PROPERTY

Methods and systems provide a loan to a borrower. An identification of real property and a specification of a monetary amount to be used for future payment of expenses is received. A total loan value for the real property and the specified monetary amount is calculated. Approval of the loan secured...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: PEMBROKE, JOHN J
Format: Patent
Sprache:eng ; fre ; ger
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Methods and systems provide a loan to a borrower. An identification of real property and a specification of a monetary amount to be used for future payment of expenses is received. A total loan value for the real property and the specified monetary amount is calculated. Approval of the loan secured by the real property for the total loan value is requested. A closing is initiated on the loan at which a customer depository account is funded with the specified monetary amount to provide future funds for payment of expenses incurred by the borrower.