Vickie has applied for a mortgage at a bank that requires a maximum debt payment ratio of 44% and a maximum mortgage debt service ratio of 35%. Vickies monthly gross income is $3,500. She has a student loan payment of $300 per month and a car loan payment of $250 per month. If her mortgage is approved, the total payment (including principal, interest, property taxes, and insurance) will be $1200 per month.

Calculate her debt ratios. Will she qualify for this loan based on her ratios? Why or why not? Show your work.