Kim & Penn are applying for a $30,000 line of credit to have for emergency purposes. Their minimum monthly mortgage payment is $2,500. They pay property taxes of $4,000 per year. On average, their house costs $150 per month to heat. They also have a vehicle lease that costs $400 per month, and a credit card with a credit limit of $10,000 that they pay off every month.

Kim & Penn are both salaried employees, who make $75,000 and $55,000 before taxes respectively. Will they be approved the line of credit?