Annual Property Taxes Mortgage Applicant Annual Gross Income Projected Monthly Mortgage Payment Other Monthly Debt Payments S600 $ 150 $ 100,000 $ 45,000 Joe Bill $ $ $3,000 $ 1,400 2,100 1,000 the following statements is true? GDS cutoff: 30 percent TDS cutoff: 35 percent Using only the GDS criteria, which one of the following statement A) Joe gets the loan, but Bill does not. B) Bill gets the loan, but Joe does not. C) Both get the loan. D) Neither gets the loan. E) The bank does not have money to make the loan. Answer Here