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Mortgage management system and method

  • US 20070094127A1
  • Filed: 07/27/2006
  • Published: 04/26/2007
  • Est. Priority Date: 10/24/2005
  • Status: Abandoned Application
First Claim
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1. A system for reducing mortgage payments on a mortgage and operable in conjunction with an insurance policy, which is intertwined with the mortgage, the system comprising:

  • a first module that contains information regarding terms of a mortgage, wherein the terms include a principal amount of a mortgage, and an interest rate for the mortgage;

    a second module that contains information regarding terms of a life insurance policy that is intertwined with the mortgage, wherein the terms of the insurance policy information about proceeds of the insurance policy, the premium amount to be paid for the insurance policy, and the beneficiary of the life insurance policy; and

    a tracking module that tracks interest payments made on the mortgage and associates therewith potential proceeds and/or value of the insurance policy, wherein the potential proceeds and/or value of the insurance policy are reserved to pay the principal on the mortgage.

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