QUESTION 1 Kate plans to rent instead of buying her housing, which advantage of renting will she realize O Tax deductions Ease of mobility Property value increases Restricted lifestyle Home remodeling flexibility QUESTION 2 Earnest money is used: O to pay real estate property taxes. to reduce the mortgage interest rate. O as evidence of good faith by a homebuyer to pay the real estate agent's commission. to pay a mortgage application fee QUESTION 3 The amount of mortgage a person is eligible for will be larger when