2) The following information is provided by a mortgage applicant: Appraised value of home $ 450,000 Amount of mortgage application $ 350,000 Monthly principal and interest payments $ 1,700 Bank line of credit (limit) $ 20,000 Credit card limit (limit) $ 15,000 II I Monthly credit card payments $ 500 $ 2,700 Annual heating costs Annual family income (gross) $ 81,452 $ 4,800 Annual property taxes Monthly credit line payments $ 450 Monthly child support payments $ 1,000 a Calculate the GDSR and TDSR (Show your calculations): (4 marks) b) Highlight or circle the true answer (1 marks) a) They would not qualify under GDS, but would qualify under TDS. b) They would not qualify under GDS, and would not qualify under TDS. c) They would qualify under GDS, and would also qualify under TDS. d) They would qualify under GDS, but would not qualify under TDS. of