Consider a borrower who has a gross income of $48,000 and is applying for a mortgage that requires monthly payments of $1,040. Taxes and insurance premiums for the pledged property total $1,200 per year. The borrower has no other outstanding loans on the property, but she has 24 monthly payments remaining on her car loan. Based on the MDR and TDR limits for a conventional loan, does she qualify for the loan?