What additional factors are included in the Back End Qualifying Ratios?

The correct answer encompasses the idea that the Back End Qualifying Ratios consider not just the costs associated with housing (which are factored into the Front End Ratio) but also include all recurring monthly debt obligations of a borrower. This is essential for lenders to assess a borrower's overall financial stability and ability to manage additional debt.

The Back End Ratio specifically evaluates the total monthly debt payments, including housing costs such as the mortgage payment, property taxes, and homeowners insurance, as well as any other fixed or recurring debts such as car loans, credit card payments, and student loans. By taking these factors into account, lenders can better gauge the borrower’s capacity to handle their total debt load relative to their income.

In contrast, other options focus either solely on specific types of payments or do not encompass the broader scope of recurring responsibilities that are vital for a complete financial assessment.