The most Mariah 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
Score
720-850
700-719
675-699
620-674
560-619
500-559
Interest JMonthly
Rate
5.59%
5.71%
|6.25%
Payment
$860
$872
|$924
$1,039
|$1,157
$1,238
40%
853%
9.29%
OA. 29 points
O B. 89 points
Oc. 169 points
OD. 144 points