Question 2 of 10
The most Brendan can afford
pay per year in mortgage payments is
$10,5...
Mathematics, 03.03.2021 01:30 jzoda7318
Question 2 of 10
The most Brendan can afford
pay per year in mortgage payments is
$10,500, and his credit score is currently 544. 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?
FICO
score
720-850
Interest
rate
5.59%
Monthly
payment
$860
700-719
5.71%
$872
$924
675-699
6.25%
620-674
7.40%
560-619
8.53%
$1039
$1157
$1238
500-559
9.29%
A. 76 points
B. 131 points
C. 156 points
Ο Ο
D. 16 points
Answers: 3
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