Question 4 of 10
The most Mimi can afford to pay per year in mortgage payments is $12,500,
a...
Mathematics, 02.12.2021 02:30, Greekfreak
Question 4 of 10
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 Monthly
Score
Rate Payment
720-850
5.59% $860
700-719
5.71% $872
675-699
6.25% $924
620-674
7.40%
$1039
560-619
8.53% $1157
500-559
9.29% $1
Answers: 3
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