System and method for a website that provides homeowners with a web based tool for debt consolidation options
First Claim
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1. A method for presenting a plurality of mortgage options via a dynamic website, comprising:
- a. data entered from a homeowner,b. said data is stored in a database,c. said dynamic website displays a plurality of mortgage options to said homeowner,d. said dynamic website allows said homeowner to choose one of said mortgage options,e. said dynamic website allows said homeowner to edit said data to calculate a new plurality of mortgage options,f. said dynamic website does not require any contact information from said homeowner to enter said data and receive said plurality of mortgage options,g. said homeowner does not have to communicate with anyone to enter said data and receive said plurality of mortgage options,whereby said dynamic website becomes a tool for said homeowner to access, free of charge and anonymously, and be presented with said mortgage options to inform said homeowner of possible savings to consolidate their debts.
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Abstract
A system and method for a website, in the field of mortgage originating, which is a web based tool homeowners can access, free of charge, and enter their personal debt information and real property information. The website then calculates the data and provides the homeowner with a plurality of personalized mortgage debt consolidation options anonymously. The homeowner is not required to give any contact information nor is the homeowner required to talk with any salespeople to obtain their personalized debt consolidation options.
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Citations
20 Claims
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1. A method for presenting a plurality of mortgage options via a dynamic website, comprising:
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a. data entered from a homeowner, b. said data is stored in a database, c. said dynamic website displays a plurality of mortgage options to said homeowner, d. said dynamic website allows said homeowner to choose one of said mortgage options, e. said dynamic website allows said homeowner to edit said data to calculate a new plurality of mortgage options, f. said dynamic website does not require any contact information from said homeowner to enter said data and receive said plurality of mortgage options, g. said homeowner does not have to communicate with anyone to enter said data and receive said plurality of mortgage options, whereby said dynamic website becomes a tool for said homeowner to access, free of charge and anonymously, and be presented with said mortgage options to inform said homeowner of possible savings to consolidate their debts.
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2. A website with the computing means to analyze a homeowner'"'"'s data and calculate a plurality of mortgage options and display corresponding detailed information of each said plurality of mortgage options, comprising:
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a. compares said homeowner'"'"'s data to a plurality of mortgage parameters, b. comparing said homeowner'"'"'s data entered to the criteria of said mortgage parameters and calculates said plurality of mortgage loan options, c. displays a new mortgage payment, d. displays estimated closing costs, e. displays estimated escrow items, f. displays a Good Faith Estimate, g. displays estimated monthly savings, h. displays a payback period which is said closing costs divided by said monthly savings, i. displays debts consolidated, j. displays a new averaged debt rate, k. displays estimated income tax benefits, l. displays a possibility of cash back to a homeowner if so possible, m. displays said estimated monthly savings being applied towards each said plurality of mortgage options to illustrate how said homeowner could become debt free sooner, n. displays said estimated monthly savings being invested and accruing over time, whereby said website will inform said homeowner of possible savings and illustrate the process of wealth building and financial control to said homeowner.
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- 3. A method of gathering information from a homeowner via a website.
Specification