true or false and with explanation

1. As the price of a property is not a part of the OC of home ownership, a continuous depreciation a property price will not affect the annual cost of home ownership.

2. Both interest due and the outstanding balance of a mortgage loan will be recorded as liability on a personal balance sheet.

3. When you are evaluating different saving plans offered by banks in Hong Kong, you should consider all of the following factors.

1. The interest rate offered by the banks.
2. The charges on the accounts
3. The time you need to get back your money
4. The tax rate on savings.