Question 39 of 40
The most Josua can afford to pay per year in mortgage payments is $14,000,
and his credit score is currently 498. 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?
OA. 2 points
B. 122 points
C. 177 points
D. 62 points
FICO
Score
720-850
700-719
675-699
620-674
560-619
500-559
Interest
Rate
5.59%
Monthly
Payment
8.53%
9.29%
$860
$872
$924
5.71%
6.25%
7.40% $1,039
$1,157
$1,238