U.S. Office of Personnel Management - Ensuring the Federal Government has an effective civilian workforce

Electronic Questionnaires for Investigations Processing (e-QIP)

Frequently Asked Questions... about Financial Disclosure Form (SF-714)

Sections include:

Overview;  |  Employee Identification;  |  Annual Income;  |  Bank Accounts;  |  Investment Accounts;  |  Owned Real Estate;  |  Owned Vehicles, Boat, Airplanes, Other;  |  Real Estate You Lease or Rent From Another;  |  Leased Vehicles, Boats, Airplanes, Other;  |  Other Assets;  |  Mortgages, Loans;  |  Other Liabilities;  |  Additional Income/Bankruptcy;  |  Safe Deposit Box;  |  Additional Comments;  |  Certification;

Mortgages, Loans

1. For my mortgage payment, do I report the minimum payment or the amount I actually pay (I always pay extra principal)?
2. I purchased my house in the year 2000 and my original mortgage balance was $200,000. I just refinanced my mortgage this year for $195,000. How do I report this?
3. I have a home equity loan and my monthly payments vary depending upon my current balance. What amount should I report for a monthly payment?
4. What is an installment loan and where is it reported?
5. Where do Federal employees report their Thrift Savings Plan (TSP) loan?
6. What amount do I report for an initial line of credit?

1. For my monthly mortgage payment, do I report the minimum payment or the amount I actually pay (I always pay extra principal)?

   Report your actual payments.

2. I purchased my house in the year 2000 and my original mortgage balance was $200,000. I just refinanced my mortgage this year for $195,000. How do I report this?

   Report the $200,000 as the original balance. In the Additional Comments field, explain that you refinanced this year in the amount of $195,000.

3. I have a home equity loan or interest only loan and my monthly payments vary depending upon my current balance. What amount should I report for a monthly payment?

   Add up the total amount paid during the calendar year and then divide that total by the number of monthly payments made to arrive at the monthly payment amount.

4. What is an installment loan and where is it reported?

   An installment loan is a loan that you repay at scheduled intervals, most frequently on a monthly basis. Examples of an installment loan include a personal loan, auto loan, or a signature loan, and may be secured or unsecured. These types of loans should be reported in the Mortgages and Loans section.

5. Where do Federal employees report their Thrift Savings Plan (TSP) loan?

   TSP loans are reported in the Mortgages and Loans section.

6. What amount do I report for an initial line of credit?

   Report the amount that you actually utilize. For example, if your line of credit is for $50,000 and you only utilize $30,000; report the $30,000. If you do not utilize your line of credit, do not report any amount.

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