Question

The most Julius can afford to pay per year in mortgage payments is $11,500,

and his credit score is currently 463. 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?

Answer 1

212 points

Explanation:

He can only afford $11500 per year so divide that by 12, gets you 958 so he’s in the 675-699 range subtract 675- his current credit score to get the number of points he will need.