The most Julius can afford to pay per year in mortgage payments is $11,500,
and his credit sco...
Mathematics, 11.03.2020 01:28, haileywebb8
The most Julius can afford to pay per year in mortgage payments is $11,500,
and his credit score is currently 463. According to the following table for a
$150,000 mortgage, by how many points would he need to improve his credit
score in order to take a mortgage for $150,000?
Interest
Rate
FICO
Score
720-850
700-719
675-699
620-674
560-619
500-559
5.59%
5.71%
6.25%
7.40%
8.53%
9.29%
Monthly
Payment
$860
$872
$924
$1,039
$1,157
$1,238
O
O
O
O
A. 157 points
B. 37 points
C. 97 points
D. 212 points
Answers: 3
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