Interactive Finance And Asset Management System

• US 20130339219A1
• Filed: 06/14/2013
• Published: 12/19/2013
• Est. Priority Date: 06/15/2012
• Status: Abandoned Application

• Current Assignee: Feel My Money LLC
• Original Assignee: Feel My Money LLC
• Inventors: Bernheimer, Nicole Hamilton, Raymond, Ronald Flack
• Application Number:
  US13/918,867
• Publication Number:
  US 20130339219A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A computer implemented method and system provides an asset management application (AMP) for monitoring and managing assets, and interactable interface elements on a graphical user interface (GUI) for enabling configuration and access of asset information and computations on the GUI. The AMP receives inputs associated with an asset, for example, an adjustable or a fixed rate loan on the asset. The AMP determines one or more financial components of expenditure and financial outcomes of a sale of an asset over a configurable duration of time based on the received inputs and/or the user'"'"'s and/or the asset'"'"'s geographical location. The AMP dynamically renders one or more interactive graphical models of the financial components of expenditure and the financial outcomes that are configurably accessible and modifiable on the GUI using the interactable interface elements. The AMP facilitates communication of the interactive graphical models and updates thereof between users and financial entities.

Claims

1. A computer implemented method for monitoring and managing assets of a user, comprising:

providing an asset management application executable by at least one processor configured to monitor and manage said assets of said user, wherein said asset management application is accessible by a user device via a graphical user interface provided by said asset management application;

providing a plurality of interactable interface elements on said graphical user interface by said asset management application, said interactable interface elements configured to enable configuration and access of asset information and computations on said graphical user interface via said user device;

receiving inputs associated with an asset from said user device by said asset management application via said graphical user interface, wherein said inputs comprise provisions of one of an adjustable rate loan on said asset and a fixed rate loan on said asset;

determining one or more of a plurality of financial components of expenditure over a configurable duration of time by said asset management application based on one or more of;

one or more of said received inputs associated with said asset and a geographical location of one of said asset and said user; and

dynamically rendering one or more interactive graphical models of said determined one or more of said financial components of said expenditure by said asset management application, wherein said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure are configurably accessible and modifiable on said graphical user interface via said user device using one or more of said interactable interface elements.

2. The computer implemented method of claim 1, further comprising:

receiving at least one input on said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure from said user device by said asset management application via said graphical user interface; and

dynamically updating said determined one or more of said financial components of said expenditure based on said received at least one input by said asset management application.

3. The computer implemented method of claim 1, further comprising:

tracking changes made to said inputs associated with said asset on said graphical user interface via said user device by said asset management application over said configurable duration of time;

redetermining said one or more of said financial components of said expenditure by said asset management application based on said tracked changes; and

dynamically updating said tracked changes and said redetermined one or more of said financial components of said expenditure to said dynamically rendered one or more interactive graphical models by said asset management application.

4. The computer implemented method of claim 1, wherein said inputs associated with said asset comprise a selection of one of said fixed rate loan and said adjustable rate loan, a loan start date, a loan end date, a price of said asset, a down payment, a term of said one of said fixed rate loan and said adjustable rate loan, an interest rate for said one of said fixed rate loan and said adjustable rate loan, an amount of asset tax, a tax bracket, state of said asset, city of said asset, county of said asset, fees of said asset, one of condominium fees of a property asset and housing cooperative fees of said property asset, tax information, and prospective financial parameters.

5. The computer implemented method of claim 1, wherein said financial components of said expenditure comprise an amount of loan required, a monthly loan payment, a payment over said configurable duration of time, an amount of asset tax, an amount of an interest rate deduction for a loan, an amount of tax deduction from tax deductable housing cooperative fees, an amount of equity available to said user at a point in said configurable duration of time, an amount of said equity spent by said user at a point in said configurable duration of time, a break-even point, an amount of income needed at a configurable stage in said configurable duration of time to enable said user to repay said loan within a term of said loan, a fixed rate loan payment over said term of said loan, an adjustable rate loan payment over said term of said loan, loans available in different geographical locations, and time of refinancing of said loan.

6. The computer implemented method of claim 1, further comprising:

receiving loan quotes received by said user from one or more external sources, by said asset management application via said graphical user interface;

receiving selections of one or more of said received loan quotes from said user device by said asset management application via said graphical user interface;

determining one or more of said financial components of said expenditure for said one or more of said received loan quotes by said asset management application based on said received selections; and

dynamically rendering an interactive graphical model of each of said determined one or more of said financial components of said expenditure for each of said one or more of said received loan quotes by said asset management application for performing a comparative analysis of said determined one or more of said financial components of said expenditure for said one or more of said received loan quotes.

7. The computer implemented method of claim 1, further comprising performing a comparative analysis of associated said determined one or more of said financial components of said expenditure by said asset management application over said configurable duration of time using said dynamically rendered one or more interactive graphical models of said associated determined one or more of said financial components of said expenditure and dynamically rendering a comparative analytical report based on said comparative analysis by said asset management application.

8. The computer implemented method of claim 1, further comprising determining an estimate amount for selling said asset at a configurable point in time selected via said user device using said one or more of said interactable interface elements positioned on said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure by said asset management application.

9. The computer implemented method of claim 1, further comprising categorizing said determined one or more of said financial components of said expenditure by said asset management application based on said geographical location.

10. The computer implemented method of claim 1, wherein said interactable interface elements positioned on associated said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure are configured to simultaneously displace over said configurable duration of time on said graphical user interface for performing a comparative analysis of said determined one or more of said financial components of said expenditure.

11. The computer implemented method of claim 1, further comprising toggling display of said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure on said graphical user interface by said asset management application based on a selectable index associated with each of said determined one or more of said financial components of said expenditure.

12. The computer implemented method of claim 1, further comprising storing user information, advisory information, said received inputs associated with said asset, said determined one or more of said financial components of said expenditure, and said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure by said asset management application in a database, and facilitating retrieval of said user information, said advisory information, said received inputs associated with said asset, said determined one or more of said financial components of said expenditure, and said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure by said asset management application from said database.

13. The computer implemented method of claim 1, further comprising facilitating communication of one or more financial scenarios between said user and one or more of:

one or more financial entities and other users by said asset management application via a network.

14. The computer implemented method of claim 1, further comprising transmitting one or more notifications on said asset information and supplementary financial information to said user device by said asset management application via one or more of said graphical user interface and a network.

15. The computer implemented method of claim 1, further comprising generating alerts by said asset management application based on events associated with said received inputs associated with said asset, said determined one or more of said financial components of said expenditure, and said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure stored in said database, wherein said asset management application is further configured to transmit said generated alerts to said user device via one or more of said graphical user interface and a network.

16. A computer implemented method for monitoring and managing assets of a user, comprising:

providing an asset management application executable by at least one processor configured to monitor and manage said assets of said user, wherein said asset management application is accessible by a user device via a graphical user interface provided by said asset management application;

providing a plurality of interactable interface elements on said graphical user interface by said asset management application, said interactable interface elements configured to enable configuration and access of asset information and computations on said graphical user interface via said user device;

receiving inputs associated with an asset from said user device by said asset management application via said graphical user interface;

determining one or more financial outcomes of a sale of said asset at a configurable point in time by said asset management application based on one or more of;

one or more of said received inputs associated with said asset and a geographical location of said asset;

dynamically rendering one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset by said asset management application, wherein said dynamically rendered one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset are configurably accessible and modifiable on said graphical user interface via said user device using one or more of said interactable interface elements;

receiving at least one input on said dynamically rendered one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset from said user device by said asset management application via said graphical user interface; and

dynamically updating said determined one or more financial outcomes of said sale of said asset based on said received at least one input by said asset management application.

17. A computer implemented method for monitoring and managing assets of a user, comprising:

providing an asset management application executable by at least one processor configured to monitor and manage said assets of said user, wherein said asset management application is accessible by a user device via a graphical user interface provided by said asset management application;

providing a plurality of interactable interface elements on said graphical user interface by said asset management application, said interactable interface elements configured to enable configuration and access of asset information and computations on said graphical user interface via said user device;

receiving inputs associated with an asset from said user device by said asset management application via said graphical user interface;

determining one or more of a plurality of financial components of expenditure over a configurable duration of time by said asset management application based on one or more of;

one or more of said received inputs associated with said asset and a geographical location of one of said asset and said user;

dynamically rendering one or more interactive graphical models of said determined one or more of said financial components of said expenditure by said asset management application, wherein said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure are configurably accessible and modifiable on said graphical user interface via said user device using one or more of said interactable interface elements; and

facilitating communication of said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure and updates thereof between said user and one or more of;

one or more financial entities and other users by said asset management application via a network.

18. The computer implemented method of claim 17, wherein said inputs associated with said asset comprise a selection of one of a fixed rate loan and an adjustable rate loan, a loan start date, a loan end date, a price of said asset, a down payment, a term of said one of said fixed rate loan and said adjustable rate loan, an interest rate for said one of said fixed rate loan and said adjustable rate loan, an amount of asset tax, a tax bracket, state of said asset, city of said asset, county of said asset, fees of said asset, one of condominium fees of a property asset and housing cooperative fees of said property asset, tax information, and prospective financial parameters.

19. The computer implemented method of claim 17, wherein said financial components of said expenditure comprise an amount of loan required, a monthly loan payment, a payment over said configurable duration of time, an amount of asset tax, an amount of an interest rate deduction for a loan, an amount of tax deduction from tax deductable housing cooperative fees, an amount of equity available to said user at a point in said configurable duration of time, an amount of said equity spent by said user at a point in said configurable duration of time, a break-even point, an amount of income needed at a configurable stage in said configurable duration of time to enable said user to repay said loan within a term of said loan, a fixed rate loan payment over said term of said loan, an adjustable rate loan payment over said term of said loan, loans available in different geographical locations, and time of refinancing of said loan.

20. A computer implemented system for monitoring and managing assets of a user, comprising:

at least one processor;

a non-transitory computer readable storage medium communicatively coupled to said at least one processor, said non-transitory computer readable storage medium configured to store an asset management application, said at least one processor configured to execute said asset management application; and

said asset management application comprising;

a graphical user interface comprising a plurality of interactable interface elements configured to enable configuration and access of asset information and computations via a user device;

a data reception module configured to receive inputs associated with an asset from said user device via said graphical user interface, wherein said inputs comprise provisions of one of an adjustable rate loan on said asset and a fixed rate loan on said asset;

a financial component determination module configured to determine one or more of a plurality of financial components of expenditure over a configurable duration of time based on one or more of;

one or more of said received inputs associated with said asset and a geographical location of one of said asset and said user; and

an interactive graphical model rendering module configured to dynamically render one or more interactive graphical models of said determined one or more of said financial components of said expenditure, wherein said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure are configurably accessible and modifiable on said graphical user interface via said user device using one or more of said interactable interface elements.

21. The computer implemented system of claim 20, wherein said data reception module is further configured to receive at least one input on said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure from said user device via said graphical user interface, and wherein said financial component determination module is further configured to dynamically update said determined one or more of said financial components of said expenditure based on said received at least one input.

22. The computer implemented system of claim 20, wherein said asset management application further comprises:

a tracking module configured to track changes made to said inputs associated with said asset on said graphical user interface via said user device over said configurable duration of time;

said financial component determination module further configured to redetermine said one or more of said financial components of said expenditure based on said tracked changes; and

said interactive graphical model rendering module further configured to dynamically update said tracked changes and said redetermined one or more of said financial components of said expenditure to said dynamically rendered one or more interactive graphical models.

23. The computer implemented system of claim 20, wherein said inputs associated with said asset comprise a selection of one of said fixed rate loan and said adjustable rate loan, a loan start date, a loan end date, a price of said asset, a down payment, a term of said one of said fixed rate loan and said adjustable rate loan, an interest rate for said one of said fixed rate loan and said adjustable rate loan, an amount of asset tax, a tax bracket, state of said asset, city of said asset, county of said asset, fees of said asset, one of condominium fees of a property asset and housing cooperative fees of said property asset, tax information, and prospective financial parameters.

24. The computer implemented system of claim 20, wherein said financial components of said expenditure comprise an amount of loan required, a monthly loan payment, a payment over said configurable duration of time, an amount of asset tax, an amount of an interest rate deduction for a loan, an amount of tax deduction from tax deductable housing cooperative fees, an amount of equity available to said user at a point in said configurable duration of time, an amount of said equity spent by said user at a point in said configurable duration of time, a break-even point, an amount of income needed at a configurable stage in said configurable duration of time to enable said user to repay said loan within a term of said loan, a fixed rate loan payment over said term of said loan, an adjustable rate loan payment over said term of said loan, loans available in different geographical locations, and time of refinancing of said loan.

25. The computer implemented system of claim 20, wherein said data reception module is further configured to perform:

receiving loan quotes received by said user from one or more external sources via said graphical user interface; and

receiving selections of one or more of said received loan quotes from said user device via said graphical user interface, wherein said financial component determination module is further configured to determine one or more of said financial components of said expenditure for said one or more of said received loan quotes based on said received selections, and wherein said interactive graphical model rendering module is further configured to dynamically render an interactive graphical model of each of said determined one or more of said financial components of said expenditure for each of said one or more of said received loan quotes for performing a comparative analysis of said determined one or more of said financial components of said expenditure for said one or more of said received loan quotes.

26. The computer implemented system of claim 20, wherein said asset management application further comprises a comparison module configured to perform a comparative analysis of associated said determined one or more of said financial components of said expenditure over said configurable duration of time using said dynamically rendered one or more interactive graphical models of said associated determined one or more of said financial components of said expenditure and to dynamically render a comparative analytical report based on said comparative analysis.

27. The computer implemented system of claim 20, wherein said financial component determination module is further configured to determine an estimate amount for selling said asset at a configurable point in time selected via said user device using said one or more of said interactable interface elements positioned on said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure.

28. The computer implemented system of claim 20, wherein said financial component determination module is further configured to determine one or more financial outcomes of a sale of said asset at a configurable point in time based on one or more of:

one or more of said received inputs associated with said asset and a geographical location of said asset, and wherein said interactive graphical model rendering module is further configured to dynamically render one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset, and wherein said dynamically rendered one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset are configurably accessible and modifiable on said graphical user interface via said user device using one or more of said interactable interface elements.

29. The computer implemented system of claim 28, wherein said data reception module is further configured to receive at least one input on said dynamically rendered one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset from said user device via said graphical user interface, and wherein said financial component determination module is further configured to dynamically update said determined one or more financial outcomes of said sale of said asset based on said received at least one input.

30. The computer implemented system of claim 20, wherein said asset management application further comprises a categorization engine configured to categorize said determined one or more of said financial components of said expenditure based on said geographical location.

31. The computer implemented system of claim 20, wherein said interactable interface elements positioned on associated said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure are configured to simultaneously displace over said configurable duration of time on said graphical user interface for performing a comparative analysis of said determined one or more of said financial components of said expenditure.

32. The computer implemented system of claim 20, wherein said interactive graphical model rendering module is further configured to toggle display of said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure on said graphical user interface based on a selectable index associated with each of said determined one or more of said financial components of said expenditure.

33. The computer implemented system of claim 20, further comprising a database in communication with said asset management application, wherein said database is configured to store user information, advisory information, said received inputs associated with said asset, said determined one or more of said financial components of said expenditure, and said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure, and to facilitate retrieval of said user information, said advisory information, said received inputs associated with said asset, said determined one or more of said financial components of said expenditure, and said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure.

34. The computer implemented system of claim 20, wherein said asset management application further comprises a communication module configured to facilitate communication of one or more financial scenarios between said user and one or more of:

one or more financial entities and other users via a network.

35. The computer implemented system of claim 34, wherein said communication module is further configured to facilitate communication of said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure and updates thereof between said user and said one or more of:

said one or more financial entities and said other users via said network.

36. The computer implemented system of claim 20, wherein said asset management application further comprises a communication module configured to transmit one or more notifications on said asset information and supplementary financial information to said user device via one or more of said graphical user interface and a network.

37. The computer implemented system of claim 20, wherein said asset management application further comprises an alerting module configured to generate alerts based on events associated with said received inputs associated with said asset, said determined one or more of said financial components of said expenditure, and said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure stored in a database, wherein said alerting module is further configured to transmit said generated alerts to said user device via one or more of said graphical user interface and a network.

38. The computer implemented system of claim 20, wherein said asset management application is one of implemented on a web based platform and configured as a software application downloadable on said user device.

39. A computer program product comprising a non-transitory computer readable storage medium, said non-transitory computer readable storage medium storing computer program codes that comprise instructions executable by at least one processor, said computer program codes comprising:

a first computer program code for receiving inputs associated with an asset from a user device via a graphical user interface, wherein said inputs comprise provisions of one of an adjustable rate loan on said asset and a fixed rate loan on said asset;

a second computer program code for determining one or more of a plurality of financial components of expenditure over a configurable duration of time based on one or more of;

one or more of said received inputs associated with said asset and a geographical location of one of said asset and a user; and

a third computer program code for dynamically rendering one or more interactive graphical models of said determined one or more of said financial components of said expenditure, wherein said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure are configurably accessible and modifiable on said graphical user interface via said user device using one or more of a plurality of interactable interface elements provided on said graphical user interface.

40. The computer program product of claim 39, wherein said inputs associated with said asset comprises a selection of one of said fixed rate loan and said adjustable rate loan, a loan start date, a loan end date, a price of said asset, a down payment, a term of said one of said fixed rate loan and said adjustable rate loan, an interest rate for said one of said fixed rate loan and said adjustable rate loan, an amount of asset tax, a tax bracket, state of said asset, city of said asset, county of said asset, fees of said asset, one of condominium fees of a property asset and housing cooperative fees of said property asset, tax information, and prospective financial parameters.

41. The computer program product of claim 39, wherein said financial components of said expenditure comprise an amount of loan required, a monthly loan payment, a payment over said configurable duration of time, an amount of asset tax, an amount of an interest rate deduction for a loan, an amount of tax deduction from tax deductable housing cooperative fees, an amount of equity available to said user at a point in said configurable duration of time, an amount of said equity spent by said user at a point in said configurable duration of time, a break-even point, an amount of income needed at a configurable stage in said configurable duration of time to enable said user to repay said loan within said term of said loan, a fixed rate loan payment over said term of said loan, an adjustable rate loan payment over said term of said loan, loans available in different geographical locations, and time of refinancing of said loan.

42. The computer program product of claim 39, further comprising:

a fourth computer program code for determining one or more financial outcomes of a sale of said asset at a configurable point in time based on one or more of;

one or more of said received inputs associated with said asset and said geographical location of said asset;

a fifth computer program code for dynamically rendering one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset;

a sixth computer program code for receiving at least one input on said dynamically rendered one or more interactive graphical models of said determined one or more financial outcomes of said sale of said asset from said user device via said graphical user interface; and

a seventh computer program code for dynamically updating said determined one or more financial outcomes of said sale of said asset based on said received at least one input.

43. The computer program product of claim 39, further comprising an eighth computer program code for facilitating communication of said dynamically rendered one or more interactive graphical models of said determined one or more of said financial components of said expenditure and updates thereof between said user and one or more of:

one or more financial entities and other users via a network.