G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 40/00 (2006.01)
Patent
CA 2633600
A system and method for reducing mortgage payments and operable in conjunction with an insurance policy. The system comprises a first module that contains information regarding terms of a mortgage. The terms include a principal amount of a mortgage, and an interest rate for the mortgage. Further, a second module contains information regarding terms of an insurance policy that is in existence during the life of the mortgage. The terms of the insurance policy preferably include the total amount of proceeds of the insurance policy, the premium amount to be paid for the insurance policy, and the beneficiary of the life insurance policy. Further the invention includes a tracking system that tracks interest payments made on the interest of the mortgage and further tracks premium payments made on the premium amount on the insurance policy. The proceeds from the insurance policy are reserved to pay the principal on the mortgage.
Système et procédé pour la réduction de versements hypothécaires susceptibles d'être utilisés en liaison avec une police d'assurance. Le système comprend un premier module qui contient une information relative aux conditions d'une hypothèque, à savoir montant principal de l'hypothèque, et taux d'intérêt associé à l'hypothèque. Un second module contient une information relative aux conditions de police d'assurance courant sur la durée d'hypothèque. De préférence, les conditions de la police d'assurance englobent le montant total du produit de la police d'assurance, la prime correspondant à cette police, et le bénéficiaire de la police d'assurance-vie. L'invention concerne également un système de suivi qui permet de suivre les paiements d'intérêts correspondant à l'intérêt de l'hypothèque et les versements de prime correspondant à la police d'assurance. Le produit de l'assurance-vie est réservé au paiement du montant principal de l'hypothèque.
Bereskin & Parr Llp/s.e.n.c.r.l.,s.r.l.
Izyayev Roman
LandOfFree
Mortgage management 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 Mortgage management system and method, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Mortgage management system and method will most certainly appreciate the feedback.
Profile ID: LFCA-PAI-O-1818745