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US 2012/0233047 A1Published application
Method and system for structuring a mortgage
AssigneeCrew Financial LLC
InventorsRaymond A. LeClair, Henry Evan C. Schulman
Life of this patent
Estimating the term…
Abstract
Methods and systems are configured to structure a collateralized loan such that a borrower's future income is factored into the determination of payment amounts due to a lender. The methods and systems disclosed herein provide benefits to both lenders and borrowers and, regarding real estate purchases, may expand the pool of buyers that qualify for certain mortgage amounts.
Claims12
A computer-implemented method comprising:
- receiving, by a computer, a value for each of a plurality of loan parameters associated with a collateralized loan from a lender to a borrower;
- formulating, with a computer, a payment algorithm based on the plurality of loan parameters;
- wherein
- the payment algorithm includes a function which is configured to use future realized income of the borrower as an input;
- and
- the payment algorithm is configured to provide a payment amount due from the borrower as an output.
3 more elements
Dependencies are inferred from the claim text.