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?
o take a m
FICO
score
720-850
Interest
rate
5.59%
5.71%
700-719
675-699
Monthly
payment
$860
$872
$924
$1039
$1157
6.25%
620-674
7.40%
IT
560-619
8.53%
500-559
9.29%
$1238
o
A. 89 points
B. 144 points
ОО O
O c. 29 points
D. 169 points