Finance
A Missouri borrower's 'back-end' DTI ratio includes which debts?
AOnly the proposed housing payment
BAll monthly debt obligations including the proposed housing payment, car loans, student loans, and credit cards✓ Correct
COnly the mortgage payment
DOnly installment loans
Explanation
The back-end (total) DTI ratio includes all monthly debt obligations: the proposed housing payment (PITI) plus all other recurring debts (auto loans, student loans, minimum credit card payments).
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