please answer the following questions:-

10. Fill in the blanks (1) a. To be approved for a mortgage loan the GDSR of a borrower must be b. To be approved for a loan the DER of a borrower must be 11. Kelsey and Rachelle have found the condominium of their dreams. They think they can afforda monthly mortgage payment of $1700. The monthly property taxes on the condo are $266.67 the estimated monthly heating costs are $99. The monthly condo fees are $320. Rachelle's annual income is $71000 and Kelsey's annual income is 5.64000. Determine the gross debt service ratio. Show your work. Answer: (31 12. Vera and Robert have a combined monthly salary of $7603. What is the maximum monthly mortgage payment they could afford if property tax is estimated at $220 per month and heating is estimated at $90 per month? Solve using substitution and then algebraic manipulation. Show all your work Answer (31 7 MARKS