Patent ID: 8078491

Claim:
A method of using an apparatus for card activity-based residential mortgage expense crediting, the method including: providing a digital electrical computer electrically connected to an input device and to an output device; associating, with said digital computer, data input at said input device, the data representing card activity with further input data representing an external residential mortgage expense selected from a group consisting of a down payment, an equity sharing cost, an inspection, an appraisal, a credit report, an impact fee, a new construction fee, a homeowner assessment, a homeowner association due, a tax account, a hazard account, an escrow account, a stamp, a government fee, a tax, a realtor fee, a recording fee, a title endorsement, a tax certificate, a wire transfer and courier fee, a title and closing fee, flood certificates, a discount point, an origination fee, an underwriting fee, a processing fee, a review and funding fee, a tax service fee, an environmental and termite inspection, a radon test, development cost, infrastructure cost, an architect fee, an engineering fee, a surveying fee, a material cost, landscaping, a water right, a riparian right, a mitigation fee, an attorneys' fee, appliance acquisition or upgrade cost, a material upgrade, a fix-up cost for work and materials required to close the loan, a closing cost, wherein said selection is received from a user from among a plurality of external residential mortgage expense options; crediting, with said digital computer and according to the external residential mortgage expense, an amount to the external residential mortgage expense responsive to the card activity; and generating, at the output device, output including the amount corresponding to the external residential mortgage expense crediting.