- Their financial records report a combined gross before-tax annual income of $105,000 and current (premortgage) instaliment loan, credit card, and car loan debt of \$1,531 per month. - Their property taxes and homeowner's insurance policy are expected to cost $2,325 per year. - Their best estimate of the interest rate on their mortgage is 7.5%, and they are interested in obtaining a 15-year loan. - They have accumulated savings of $38,500 that can be used to satisfy the home's down payment and closing costs. - The lender requires a minimum 20% down payment, and an affordability ratio that ranges from a minimum of 25% to a maximum of 30%. Given these results, which statement regarding Rajlv and Simone's mortgage qualification process and the purchase of their $155, 000 target home is true? Rajiv and Simone qualify to purchase their $155,000 target home according to the Monthly Income Affordability Worksheet criterion. Rajiv and Simone do not qualify to purchase their $155,000 target home according to the Monthly income Affordability Worksheet. criterion