3. Banks and mortgage lenders will need to determine if you can continuously and successfully pay a mortgage payment before they provide you with a mortgage for your property. The two ratios used to determine if you may be able to carry this debt are the GDS (gross debt service) and TDS (total debt service) ratios. Calculate the gross debt service (GDS) and the total debt service (TDS) ratios for the following data. (Show Necessary Calculation) (3) Monthly mortgage payment S1,340 Personal loan payment |$150 Property taxes $180 Car loan payment $430 Heating costs $320 Credit card payment $120 Food Costs $200 Gross monthly household income S5600 (a) The Gross Debt Service (GDS) Ratio (b) Total Debt Service (TDS) Ratio (c) Based on your answers in a) and b) above, would a person with these monthly payments qualify for a mortgage? Why or why not