Patent ID: 8458061
Filing Date: 2013-06-04
Classification: G06Q

Abstract:
1. A computer processor implemented method of structuring and administering borrower financing requiring repayment over “Z” periods, comprising the steps of: a) providing a computer processor based system capable of storing information, and performing calculations and displaying results; b) said computer processor based system, noting a prevailing market interest rate, and determining a first lower interest rate which is based on said prevailing market interest rate, then said computer processor based system determining terms of a loan with periodic payments determined based on said first lower interest rate, which periodic payments are lower than would be the case were the payments determined based on the prevailing market interest rate; c) a lender, using said computer processor based system, making, and a borrower, using said computer processor based system, accepting a loan which requires borrower payments in each of “X” periods, where “X” is less than “Z”, and said lender collecting said “X” periodic payments from said borrower, each in an amount based upon said first lower interest rate; said method being characterized in that said borrower is further required to make at least one mini-balloon payment during said “X” periods, the amount of said at least one mini-balloon payment being determined by said computer processor based system, and being less than the amount remaining due on said loan and being based upon a computer processor based system determined, second lower interest rate, which is also lower than the prevailing market interest rate at the time of payment of said at least one mini-balloon payment; said method further comprising said computer processor based system displaying at least the mini-balloon amounts.