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12. Suppose you're reviewing the financial information of two mortgage applicants Mortgage applicant Jesse Ben Annual Gross Income 110,000 55,000 Projected Monthly Mortgage Payment 2,000

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12. Suppose you're reviewing the financial information of two mortgage applicants Mortgage applicant Jesse Ben Annual Gross Income 110,000 55,000 Projected Monthly Mortgage Payment 2,000 1,000 Annual Property Taxes 2,500 1,400 Other Monthly Debt Payments 700 140 GDS cutoff: 30 percent TDS cutoff: 35 percent Using only the GDS criteria, which one of the following statements is true? (4 points) A) Jesse gets the loan, but Ben does not. B) Ben gets the loan, but Jesse does not. C) Both get the loan. D) Neither gets the loan

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