Patent ID: 7945510

Claim:
A computer-implemented method of creating a mortgage to assist a borrower and to create greater risk certainty for an investor, said method comprising: obtaining, from an electronic database, data representing credit information of the borrower; calculating, using a computer data processor, a level of risk associated with the borrower based on the data representing credit information; establishing, using the computer data processor, a single sliding equity mortgage based on the determined level of risk associated with the borrower, the single sliding equity mortgage being established with a maximum amount of debt at a time of issuing the single sliding equity mortgage and being the only mortgage issued for a property; distributing, upon closing the single sliding equity mortgage, an initial amount of debt that is less than the maximum amount of debt; calculating, using the computer data processor, a second amount of debt for the single sliding equity mortgage based on the determined level of risk associated with the borrower, where a sum of the second amount of debt and the initial amount of debt does not exceed the maximum amount of debt; and modifying, using the computer data processor, the single sliding equity mortgage balance to indicate that a total amount of debt due on the single sliding equity mortgage includes the sum of the second amount of debt and the initial amount of debt, after issuing the single sliding equity mortgage and without initiating a new mortgage to secure the second amount, wherein the maximum amount of debt associated with the single sliding equity mortgage is dynamic and changes dynamically after the closing based on appreciation or depreciation of an underlying asset associated with the single sliding equity mortgage.