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Consumer Expenditure Surveys
Bureau of Labor Statistics > Consumer Expenditure Survey > Methods

Section 3, Part A.1 - Owned Living Quarters and Other Owned Real Estate - Screening Questions for Interviews 2 through 5 (If New Consumer Unit Go to Part A.2 )

Section 3, Part A.1, when there are owned properties on record from previous interviews, is used to update information such as changes in existing mortgages or home equity loans, payments on home equity lines of credit, and any new mortgages or home equity loans.

Now I am going to update the information you provided in the last interview for owned living quarters and other owned real estate.

--- Property Described Before ----

Do/Does you or your CU still own the property described before?

  1. Yes
  2. No

Are/Were any of the expenses for this property deducted as business, farm, or rental expenses?

  1. Yes
  2. No

What percent of the expenses for this property are (were) deducted? [enter value] _____________

For the mortgage/lump sum home equity loan in which you reported a payment of [$X dollars], since your last interview, have there been any changes to that mortgage/lump sum home equity loan, such as refinancing, a change in property taxes or insurance, or ending the loan?

  1. Yes
  2. No

What was the reason for the change in your mortgage/lump sum home equity loan?

  1. Change in escrow payment (include changes in property taxes, insurance)
  2. Change in interest rate
  3. Paid off
  4. Change in amount of the graduated payment for a graduated payment mortgage/lump sum home equity loan
  5. Mortgage/Lump sum home equity loan renegotiated (rollover or renegotiable mortgage/lump sum home equity loan)
  6. Refinanced mortgage/lump sum home equity loan (this includes changing the term of the mortgage/lump sum home equity loan)
  7. Other reasons
  8. More than one of the above

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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. Other - specify

* Enter number of years.[enter text] _____________

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 yours or your CUs?

  1. Variable or adjustable interest rate (ARM)
  2. Interest only
  3. Something else

* 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] _______________

What is the current interest rate for this mortgage/lump sum home equity loan?

*Enter percent including decimal [enter value] _______________

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

* Enter all that apply

  1. Principal
  2. Interest
  3. Property taxes
  4. Property insurance
  5. Mortgage guarantee insurance
  6. Any other payments - specify

  7. Don't know

For definitionsInformation Booklet »

* Specify:[enter text] _______________

How much is your or your CUs mortgage/lump sum home equity loan payment per month? [enter value] _______________

How much of that amount is for principal/interest/principal and interest? [enter value] _______________

In what month did [you pay off your mortgage/lump sum home equity loan]
your mortgage/lump sum home equity loan change?[enter text] _______________

How much was your or your CUs payment on this mortgage/lump sum home equity loan in the reference month?[enter value] _______________

How much of that amount is for principal/interest/principal and interest?[enter value] _______________

How much was your or your CUs payment on this mortgage/lump sum home equity loan in 2nd month of the reference period?[enter value] _______________

How much of that amount is for principal/interest/principal and interest?[enter value] _______________

How much was your or your CUs payment on this mortgage/lump sum home equity loan in last month (of the reference period?)[enter value] _______________

How much of that amount is for principal/interest/principal and interest?[enter value] _______________

Since the first of the "reference month", have you or your CU made any payments for your line of credit home equity loan?

  1. Yes
  2. No

What was the total amount paid in the reference month?[enter value] _______________

What was the total amount paid in the 2nd month of the reference period?[enter value] _______________

What was the total amount paid in last month (of the reference period?)[enter value] _______________

How much was owed before the last payment?[enter value] _______________

Since the first of the reference month, have you or your CU obtained any additional mortgages, including second mortgages or home equity loans, for this property?

Do not include reverse mortgages.
  1. Yes
  2. No

Was this a mortgage or home equity loan?

  1. Mortgage
  2. Home equity loan

There are two basic types of home equity loans:
A loan where you or your CU received the entire lump-sum borrowed when you or your CU took out the loan; or
A line of credit loan where you or your CU can increase the amount borrowed by simply writing a check or using a special credit card.

Which type more closely describes this new home equity loan?

  1. Lump sum home equity loan
  2. Line of credit home equity loan

Did you have any other new mortgages or home equity loans for this property?

  1. Yes
  2. No

If this property:

  1. Was disposed of in the current interview, Go to Section 3 Part D - Disposed of Property
  2. Is still owned, AND the CU has taken out a new Mortgage loan and/or Lump sum home equity loan, Go to Section 3 Part F - Mortgages and Lump sum home equity loans
  3. Is still owned, AND the CU has taken out a new line of credit home equity loan, Go to Section 3 Part H - Line of Credit Home Equity loans
  4. Is still owned, AND the CU has NOT taken out a new Mortgage loan and/or Lump sum home equity loan OR a new line of credit home equity loan

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Other than the Sample Unit you already reported on in this and prior interviews, have you or your CU purchased or otherwise acquired any other property or real estate?

  1. Yes
  2. No

What kind of property(ies) is this new property or real estate?

* Enter all that apply

  1. A second home, vacation home, recreational property or timeshare
  2. Property for business or investment purposes only
  3. Unimproved land with no buildings on it
  4. Other property

For definitionsInformation Booklet »

How many second homes, vacations homes or recreational properties, including timeshares?[enter value] ____________

* Exclude right-to-use timeshares, vacation clubs, or destination clubs.

How many were unimproved land with no buildings on it? [enter value] ____________

How many other properties? [enter value] ____________

End of Section 3A.1

Go to Section 3 Part B - Owned Living Quarters and Other Owned Real Estate - Detailed Property Description»

Go to CE CAPI Survey Instrument Home Page »

 

Last Modified Date: September 19, 2008