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Mortgage option method

  • US 20050114259A1
  • Filed: 11/21/2003
  • Published: 05/26/2005
  • Est. Priority Date: 11/21/2003
  • Status: Abandoned Application
First Claim
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1. A method for marketing a low interest rate mortgage, comprising the steps of:

  • offering options for mortgages at a fixed low interest rate for a premium dependent upon a desired principal amount and a desired option term;

    receiving a mortgage option application from a customer for a customer selected principal amount and a customer selected option term;

    determining the customer premium for the customer selected principal amount and the customer selected option term;

    extending an option to the customer for the customer selected principal amount and the customer selected option term for the customer premium;

    receiving payment of the customer premium; and

    extending a mortgage at the fixed low interest rate when the customer exercises the option within the customer option term.

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