CREDIT ENHANCEMENT SYSTEMS AND METHODS
The present invention provides methods and systems for presenting financial and credit information to a customer. In one embodiment, the method includes receiving a credit worthiness report (CWR) for the customer, and providing the CWR to the customer. The method includes providing a list of selectable options to the customer, the options directed to at least one financial activity. A selected option is received from the customer, and a revised CWR is provided to the customer in response to the selected option. In this manner, the customer can examine how particular options or activities effect their credit worthiness.
1 - 15 . (canceled)
16 . A method of presenting financial information to a customer, the method comprising:
displaying a loan value of a loan, the loan based on an asset having an asset value;
displaying the asset value;
calculating a ratio of the loan value to asset value; and
informing the customer when the ratio is at a desired amount.
17 . The method as in claim 16 wherein the loan comprises a mortgage, and the loan value comprises a principal portion of the mortgage.
18 . The method as in claim 16 wherein the loan comprises a mortgage, and the loan value comprises a buyout payment for the mortgage.
19 . The method as in claim 16 wherein the asset comprises a residential property.
20 . The method as in claim 16 wherein the asset comprises a commercial property.
21 . The method as in claim 16 wherein the asset comprises a personal property.
22 . The method as in claim 16 further comprising retrieving the asset value from a data base, the asset value comprising a real estate appraisal of the asset.
23 . The method as in claim 22 wherein the real estate appraisal comprises an appraisal for real estate tax purposes.
24 . The method as in claim 16 further comprising:
accessing a realtor database;
retrieving a similar asset value for a similar asset; and
displaying the similar asset value as the asset value.
25 . The method as in claim 24 wherein the asset comprises a residential property and the similar asset comprises a similar residential property.
26 . The method as in claim 16 further comprising:
displaying a list of selectable options, the options directed to a reduction of the loan value;
receiving a selected option from the list of selectable options; and
calculating the loan value based on the selected option.
27 . The method as in claim 26 wherein the list of options comprises an additional principal payment option.
28 . The method as in claim 26 wherein informing the customer further comprises informing the customer of an estimated date when the ratio would be at a desired amount.
29 . A system for presenting financial information to a customer, the system comprising:
a processor; and
a storage medium coupled to the processor, the storage medium having a computer-readable program embodied therein, the program including code adapted to:
display a loan value of a loan, the loan based on an asset having an asset value;
display the asset value;
calculate a ratio of the loan value to asset value; and
inform the customer when the ratio is at a desired amount.
30 . The system as in claim 29 wherein the program further includes code adapted to:
display a list of selectable options, the options directed to a reduction of the loan value;
receive a selected option from the list of selectable options; and
calculate the loan value based on the selected option.
31 . The system as in claim 29 , wherein the program further includes code adapted to:
access a realtor database;
retrieve a similar asset value for at least one similar asset; and
display the similar asset value as the asset value.