Consumer Expenditure Survey

Section 3, Part F - Owned Living Quarters and Other Owned Real Estate - Mortgages/Lump Sum Home Equity Loans

Section 3, Part F deals with mortgages and home equity loans, including the type of loan, interest rate and term, and amount of payment.

Now I will ask some questions about your "1st/2nd, 3rd, etc." mortgage/lump sum home equity loan.

Have/has you or your CU refinanced or renegotiated this mortgage/lump sum home equity loan?

  1. Yes
  2. No

The following questions refer to this current mortgage/lump sum home equity loan.

In what month did you or your CU make the first payment on this mortgage/lump sum home equity loan? [enter text] _____________

In what year did you or your CU make the first payment on this mortgage/lump sum home equity loan? [enter value] _____________

Is this a 30 year mortgage/lump sum home equity loan, a 15 year mortgage/lump sum home equity loan, or something else?

  1. 30-year
  2. 15-year
  3. Something else

* Enter number of years [enter value] _____________

What was the rate of interest at the time the mortgage/lump sum home equity loan was obtained?

* Enter percent including decimal [enter value] _____________

What is the current interest rate on your or your CU's mortgage/lump sum home equity loan?

* Enter percent including decimal [enter value] _____________

Is this a fixed rate mortgage/lump sum home equity loan?

  1. Yes
  2. No

There are many different kinds of mortgage/lump sum home equity loans. Which one of these comes closest to your or your CU's?

  1. Fixed rate of interest
  2. Variable or adjustable rate of interest
  3. Graduated payment
  4. Rollover or negotiable
  5. Deferred Interest
  6. Other - specify

For definitions Information Booklet »

* Specify:[enter text] _____________

What was the amount of the mortgage/lump sum home equity loan when you or your CU first obtained it, not including any interest?

[enter value] _____________

How often are/were your mortgage/lump sum home equity loan payments due?

  1. Weekly
  2. Biweekly
  3. Monthly
  4. Quarterly
  5. Semiannually
  6. Annually
  7. Other - specify

* Specify:[enter text] _____________

On your or your CU's last regular payment, which of these were included?

* Enter all that apply

  1. Principal and interest
  2. Property taxes
  3. Property insurance
  4. Life insurance
  5. Mortgage guarantee insurance (PMI)
  6. Any other payments - specify
  7. Don't know

For definitions Information Booklet »

* Specify:[enter text] _____________

On your or your CU's last regular payment, what was the total amount you or your CU paid for the items just mentioned? [enter value] _____________

How much of that amount was for principal and interest? [enter value] _____________

End of Section 3F

Go to Section 3 Part H - Owned Living Quarters and Other Owned Real Estate - Line of Credit Home Equity Loan »

Go to Section 3 Part I - Owned Living Quarters and Other Owned Real Estate - Ownership Costs »

Go to CE CAPI Survey Instrument Home Page »

Last Modified Date: November 8, 2007

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