Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2005-07-21
2009-10-13
Kalinowski, Alexander (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S03600T, C705S038000
Reexamination Certificate
active
07603305
ABSTRACT:
A combined loan and investment program comprises a computer processor and program code configured to be executed by the computer processor to process financial loan and investment data by calculating from the data interest and principal loan payments on a loan principal at a given rate and term, calculating investment performance data on a periodic principal investment deposit at a given rate and calculating loan principal amortization parameters as a function of the investment performance data. The present invention provides a method for paying off a mortgage and simultaneously generating wealth via an investment account by making a payment to a mortgagee, dividing the payment, applying a first portion of the payment to satisfy the interest due on the mortgage, applying a second portion of the payment to an investment account, allowing the investment account to grow and applying a portion of the investment account to satisfy the mortgage.
REFERENCES:
patent: 4876648 (1989-10-01), Lloyd
patent: 4953085 (1990-08-01), Atkins
patent: 5704045 (1997-12-01), King et al.
patent: 5819230 (1998-10-01), Christie et al.
patent: 5991744 (1999-11-01), DiCresce
patent: 7447663 (2008-11-01), Barker et al.
patent: 2002/0091610 (2002-07-01), Smith
patent: 2004/0088247 (2004-05-01), Grant et al.
patent: 2004/0088248 (2004-05-01), Cutler
patent: 2004/0254878 (2004-12-01), Fitzsimmons et al.
The variable universal mortgage: A product whose time has come, Ed Morrow, Financial Services Advisor, Lexington: May/Jun. 2000. vol. 143, Iss. 3; p. 19 (3 pages).
Fannie Mae begins jumbo underwriting, Ed Staples, Real Estate Finance Today, Washington: Sep. 16, 1996. vol. 13, Iss. 18; p. 12 (2 pages).
Mortgage models, interest rate risk, and the consumer: A four country comparison, Soula Proxenos, L G Taff. Housing Finance International. London: Mar. 2003. vol. 17, Iss. 3; p. 14 (10 pages).
Super v Salary, Bartlett, Steve. Australian Accountant. Jul. 1991. vol. 61, Iss. 6; p. 39 (3 pages).
Fun with figures: can you make a profit on your mortgage?, Canadian Business. Toronto: Jul. 1983. vol. 56, Iss. 7; pp. 1-2.
Add-On Product to Encourage Savings Is Patented, Mortgage Marketplace, Bethesda: May 10, 1999. vol. 22, Iss. 19; p. 1.
Johnson Gregory
Kalinowski Alexander
Wood Herron & Evans
LandOfFree
Combined loan and investment system and method does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Combined loan and investment system and method, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Combined loan and investment system and method will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4071181