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 Monthly credit card payments $ 500 Annual heating costs $ 2,700 Annual family income (gross) $ 81,452 Annual property taxes $ 4,800 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) 3) They would not qualify under GDS, but would qualify under TDS. 1) 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