Patent ID: 8554665

Claim:
A non-transitory computer-readable medium having stored thereon computer executable instructions for enabling a borrower to rate lock a portion of a line of credit having a variable interest rate, the computer executable instructions comprising instructions for: electronically generating a first offer to rate lock a first amount at a first fixed interest rate, the first amount advanced from an approved and used line of credit associated with the borrower, the line of credit having a variable interest rate and the first amount advanced being a portion of the line of credit; electronically generating a second offer to rate lock a second amount at a second fixed interest rate that is different than the first interest rate, the second amount available to be advanced from the line of credit associated with the borrower, the second amount being an available portion of the line of credit remaining after the first amount is advanced; electronically receiving account information for an account to which the amount available to be advanced is to be transferred; electronically presenting the first offer and the second offer to the borrower; electronically receiving a response indicating the borrower's acceptance of the first offer and the second offer and an identifier for the amount advanced; electronically executing the rate lock on the amount advanced and the amount available to be advanced from the line of credit; and transmitting information to display the identifier for the amount advanced to the borrower.