Methods and systems for financing food expenses with a loan secured by real property
First Claim
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1. A method for providing a loan to a borrower, the method comprising:
- receiving, at a host system, an identification of real property and a specification of a monetary amount to be used for future payment of food expenses;
calculating, with the host system, a total loan value for the real property and specified monetary amount;
requesting, with the host system, approval of the loan secured by the real property for the total loan value; and
initiating, with the host system, a closing on the loan at which a customer depository account is funded with the specified monetary amount to provide future funds for payment of food expenses incurred by the borrower.
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Abstract
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 food 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 food expenses incurred by the borrower.
35 Citations
25 Claims
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1. A method for providing a loan to a borrower, the method comprising:
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receiving, at a host system, an identification of real property and a specification of a monetary amount to be used for future payment of food expenses;
calculating, with the host system, a total loan value for the real property and specified monetary amount;
requesting, with the host system, approval of the loan secured by the real property for the total loan value; and
initiating, with the host system, a closing on the loan at which a customer depository account is funded with the specified monetary amount to provide future funds for payment of food expenses incurred by the borrower. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for providing a loan to a borrower, the method comprising:
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receiving, at a host system, an identification of real property and a specification of products and/or services providing expenses;
calculating, with the host system, a total loan value for the real property and specified products and/or services;
requesting, with the host system, approval of the loan secured by the real property for the total loan value;
initiating, with the host system, a closing on the loan at which a customer depository account is funded to provide future funds for payment of the expenses; and
initiating, with the host system, issuance of a debit instrument to the customer that may be used at a point of sale to debit the customer depository account for payment of the expenses. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A method for providing a loan to a borrower, the method comprising:
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receiving, at a host system, an identification of real property and a specification of medical and/or healthcare services;
calculating, with the host system, a total loan value for the real property and specified medical and/or healthcare services;
requesting, with the host system, approval of the loan secured by the real property for the total loan value;
initiating, with the host system, a closing on the loan at which a customer depository account is funded to provide future funds for payment of expenses for the medical and/or healthcare services; and
initiating, with the host system, issuance of a debit instrument to the customer that may be used to debit the customer depository account for payment of the medical and/or healthcare expenses.
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24. A computer-readable medium having a computer-readable program embodied therein for directing operation of a computer system for a bundling company, the computer system including a communications system, a processor, and a storage device, wherein the computer-readable program includes instructions for operating the computer system to provide a loan to a borrower in accordance with the following:
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receiving an identification of real property and a specification of a monetary amount to be used for future payment of food expenses;
calculating a total loan value for the real property and specified monetary amount;
requesting approval of the loan secured by the real property for the total loan value; and
initiating a closing on the loan at which a customer depository account is funded with the specified monetary amount to provide future funds for payment of food expenses incurred by the borrower.
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25. A computer-readable medium having a computer-readable program embodied therein for directing operation of a computer system for a bundling company, the computer system including a communications system, a processor, and a storage device, wherein the computer-readable program includes instructions for operating the computer system to provide a loan to a borrower in accordance with the following:
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receiving an identification of real property and a specification of products and/or services providing expenses;
calculating a total loan value for the real property and specified products and/or services;
requesting approval of the loan secured by the real property for the total loan value;
initiating a closing on the loan at which a customer depository account is funded to provide future funds for payment of the expenses; and
initiating issuance of a debit instrument to the customer that may be used at a point of sale to debit the customer depository account for payment of the expenses.
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Specification