Invention Grant
US08463697B1 Method and system for providing a loan using equity in a new home
失效
在新家庭中提供贷款使用权益的方法和制度
- Patent Title: Method and system for providing a loan using equity in a new home
- Patent Title (中): 在新家庭中提供贷款使用权益的方法和制度
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Application No.: US11690534Application Date: 2007-03-23
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Publication No.: US08463697B1Publication Date: 2013-06-11
- Inventor: Govind Narayan , Joseph R. Scarpa , Edward L. Robinson, Jr. , Steve Wunker , Alex Leichtman , David Duncan
- Applicant: Govind Narayan , Joseph R. Scarpa , Edward L. Robinson, Jr. , Steve Wunker , Alex Leichtman , David Duncan
- Applicant Address: US CA Rancho Cordova
- Assignee: Liberty Home Equity Solutions, Inc.
- Current Assignee: Liberty Home Equity Solutions, Inc.
- Current Assignee Address: US CA Rancho Cordova
- Agency: Hunton & Williams LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
Systems and methods are disclosed for financing a transition of a borrower between ownership of a prior home to ownership of a new home in conjunction with services. The transition is associated with an increase in living situation cost of the borrower between a prior living situation cost and a new living situation cost, the new living situation cost including the new home and the services. The method alleviates cash flow burden to the borrower by allowing minimal or no monthly payments for as long as the borrower occupies the home.
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