Q:

2. Which is a disadvantage of purchasing and owning a home?A.An individual assumes all responsibility for maintenance and repair of owned property.B.An individual has more freedom and choice for owned property than rented lodging.C.An individual pays less in property taxes as a homeowner than a renter.D.An individual builds equity by owning a home.3. Use the table to answer the question.The table shows the Final Settlement Statement for the purchase of a home. How much cash did the borrower pay upfront? A.$605.36B.$3,491.04C.$25,985.68D.$95,505.364. Use the table to answer the question.The table shows the Final Settlement Statement for the purchase of a home.What amount goes in line 8?A.$120,440.04B.$121,491.04C.$123,909.44D.$125,882.47

Accepted Solution

A:
2. Which is a disadvantage of purchasing and owning a home? A. An individual assumes all responsibility for maintenance and repair of owned property.3. How much cash did the borrower pay upfront? D.$95,505.36 Β  (500 + 94400 + 605.36)4. What amount goes in line 8?B.$121,491.04 Β  Β (95505.36 + 25985.68)