$1)$Which of the following is correct about the mortgage?

i$.$Factors considered include your income, debts, credit history, down payment amount, length of the loan, job stability, assets, and current mortgage rates.

ii$.$One you obtained a mortgage, you must pay off the mortgage loan before you attempt to obtain another mortgage loan.

$2)$Assume that interest rate is $10\%$ and the number of investment horizon is $30$ years. To save $$2$ million of the retirement savings, you need to make a deposit of $$12,159$ for your retirement accounts each year.

True

False

$3)$ If your annual gross income is $$70,000,$ you can afford to earn a house that requires a monthly mortgage payment of around $$2,000.$

True

False