Mathematics, 13.04.2021 17:40, jacamron
The most Mimi can afford to pay per year in mortgage payments is $12,500,
and her credit score is currently 531. According to the following table for a
$150,000 mortgage, by how many points would she need to improve her
credit score in order to take a mortgage for $150,000?
FICO
Interest
score
720-850
rate
5.59%
Monthly
payment
$860
700-719
5.71%
$872
675-699
6.25%
$924
620-674
7.40%
560-619
8.53%
9.29%
$1039
$1157
$1238
500-559
Answers: 1
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The most Mimi can afford to pay per year in mortgage payments is $12,500,
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