Mortgage financing system
First Claim
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1. A method for providing mortgage financing to a borrower comprising:
- a. identifying real estate;
b. applying for mortgage loan;
c. having said mortgage loan application approved;
d. receiving a mortgage loan principal amount to cover cost of said real estate and at least one investment vehicle;
e. forwarding funds equivalent to said cost of said real estate from said mortgage loan principal amount to said seller;
f. purchasing at least one investment vehicle with funds from said mortgage loan principal amount;
g. providing mortgage payments; and
h. having ownership interest in said at least one investment vehicle and said real estate.
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Abstract
The present invention is a method for providing mortgage financing to a borrower while additionally creating the opportunity for the borrower to invest in their long and short-term financial security. In real estate purchase, a mortgage is extended for greater than the real estate purchase price. The surplus amount is applied against at least one investment vehicle, so that after the periodic payments are completed, the borrower has equity in real estate and an interest in at least one investment vehicle. The investment vehicle provides security for the mortgage.
14 Citations
21 Claims
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1. A method for providing mortgage financing to a borrower comprising:
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a. identifying real estate;
b. applying for mortgage loan;
c. having said mortgage loan application approved;
d. receiving a mortgage loan principal amount to cover cost of said real estate and at least one investment vehicle;
e. forwarding funds equivalent to said cost of said real estate from said mortgage loan principal amount to said seller;
f. purchasing at least one investment vehicle with funds from said mortgage loan principal amount;
g. providing mortgage payments; and
h. having ownership interest in said at least one investment vehicle and said real estate. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of implementing a loan repayment plan, which comprises:
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a. Determining a principal loan amount to be provided to a borrower;
b. Determining an additional loan amount to be provided to a borrower;
c Determining a repayment term;
d. Providing said principal amount;
e. Providing said additional loan amount to an investment entity;
f. Purchasing at least one investment vehicle with funds from said additional loan amount;
g. Providing loan repayment increments during said repayment term; and
h. Perceiving an interest in said at least one investment. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A method of mortgaging real estate which provides for a collateral investment in an investment vehicle comprised substantially of the steps of having a loan amount approved for a principal amount and an investment amount;
- providing said principal amount to a seller of said real estate;
applying said investment amount to purchase at least one investment vehicle;
making periodic payments towards said loan amount, thereby concurrently accumulating equity in said real estate and an interest in said at least one investment vehicle. - View Dependent Claims (20, 21)
- providing said principal amount to a seller of said real estate;
Specification