The most Brendan can afford to 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 Interest Monthly Score Rate Payment 720-850 700-719 675-699 620-674 560-619 500-559 5.59% 5.71% 6.25% 7.40% 8.53% 9.29% $860 $872 $924 $1039 $1157 $1238 O A. 16 points B. 156 points C. 76 points D. 131 points​

Answers

Answer 1

Answer:

B. 156

Step-by-step explanation:

Answer 2

Brendan would need to improve his credit score by 75 points to qualify for a $150,000 mortgage with a monthly payment of $875 or less.

We have,

To determine Brendan's interest rate and monthly payment for a $150,000 mortgage, we need to find which range his FICO score falls in.

From the table, we see that his score of 544 falls in the range of 500-559, which corresponds to an interest rate of 9.29% and a monthly payment of $1238.

Next, we can use the mortgage payment of $10,500 per year to determine the maximum monthly payment Brendan can afford.

i.e

$10,500 per year / 12 months

= $875 per month

Since this amount is less than the monthly payment for the 500-559 FICO score range, Brendan would need to improve his credit score to qualify for a $150,000 mortgage.

To determine how many points he needs to improve, we can look at the next lowest interest rate and payment in the table, which corresponds to a FICO score range of 560-619.

The monthly payment for this range is $1157, which is below Brendan's maximum payment of $875.

So, he needs to improve his credit score to fall into this range.

To determine how many points he needs to improve,

we can subtract the minimum FICO score in the 560-619 range (560) from his current FICO score (544), and then add that difference to the maximum FICO score in the 560-619 range (619).

i.e

(619 - 560) + (560 - 544)

= 59 + 16

= 75

Therefore,

Brendan would need to improve his credit score by 75 points to qualify for a $150,000 mortgage with a monthly payment of $875 or less.

Learn more about credit scores here:

https://brainly.com/question/25668115

#SPJ7


Related Questions

Hi can some one please help me :)!

Answers

Answer:

Step-by-step explanation:

rational integer and real

it is rational because it is a perfect root of 2

it is a integer because every positive and negative numbers are integers.

hey! i’ll give brainliest please help

Answers

Answer:

a mans car...

Step-by-step explanation:

a man's car breaks down while driving to work

because all the other ones are in their head

I NEED THIS QUICK no links !!!!! (math)

Answers

answer: the answer is c

Feeling cool today, here’s a math riddle!

My twin lives at the reverse of my house number. The difference between our house numbers ends in two. What are the lowest possible numbers of our house?

Answers

Answer:

19 and 91

Step-by-step explanation:

The eight pair (81,18) and 63 is result. The ninth pair(91,19) and finally answer is "72". Here, we get the pair (91,19) in which we get 2 at unit place digit and 19 and 91 are the lowest possible numbers of hous

What is the total area of the shape?

A 35 cm?
B 100 cm?
C 70 cm?
D 50 cm?

Answers

Answer:

C. 70 cm

Step-by-step explanation:

Split all the shapes, so, the square would be:

4 × 10 = 40

---------------------------------------------------------------------------------------------------------------

Each triangle has an area of 7.5:

7.5 × 4 = 30

---------------------------------------------------------------------------------------------------------------

30 + 40 = 70

---------------------------------------------------------------------------------------------------------------

Have a good day :)

Answer:

70

Step-by-step explanation:

square= 40 (10x4)

two triangles= another square with smaller dimensions= 15

there are two more triangles on the other side so 15x2=30

30+40=70

Can somebody help with this

Answers

Answer:

B

Step-by-step explanation:

Domain is the x value and it is asking your for the coordinates with the same x value.

What is the domain of the function
y=x?

Answers

Answer:

the domain of y = x is all real numbers.

The line would continue to infinity. Thus, the domain is all real numbers

Todd bags fruit. He has
483 oranges, 822 apples,
199 pears, and 552
bananas. If he puts
8 pieces of fruit in each
bag, how many bags can
he make?

Answers

Answer:

60

Step-by-step explanation:

hope it helps!

I REALLY NEED HELP PLS​

Answers

Answer:

Step-by-step explanation:

100+2x+40=180(sum of interior angle of a triangle)

140+2x=180

2x=180-140

2x=40

x=40/2

x=20

Answer:

x=20

Step-by-step explanation:

the sum of the angles of a triangle is 180

so it means,

100+40+(2×)=180

140+(2×)=180

2×=180-140

2×=40

divide both sides by 2

x=20

to prove this substitute 20 inside see if the result is 180

40+100+(2×)=180

×=20

40+100+(2 (20))=180

140+40=180

140+40=180

Good luck.

Solve the inequality 2m+10 < 40

Answers

Answer:

m < 15

Step-by-step explanation:

2m+10 < 40

Subtract 10 from each side

2m+10-10 < 40-10

2m < 30

Divide by 2

2m/2 = < 30/2

m < 15

56 it is your welcome

Solve.
-2} -(-5) = 0


Answers

Answer:

[tex] - 2 \frac{1}{3} - ( - 5) \\ = - \frac{7}{3} + 5 \\ = \frac{8}{3} \\ = 2 \frac{2}{3} [/tex]

Please help. Select all expressions that are equivalent to 6x +1 - (3x - 1).
A) 6x + 1 - 3x - 1
B) 6x + - 3x + 1 + 1
C)3x +2
D) 6x - 3x +1-1
E) 6x + 1 + -3x - -1

Answers

Answer:

A

Step-by-step explanation:

look at how the sign are set +-can't be correct so b is out c some of the equation is missing d in d the equation is different e you can't have--1 that's wrong

hey! i’ll give brainliest please help

Answers

Answer: Its the first one

I think the Answer is the man can’t decide which restaurant to go to

graph (-5,0) (9,0) (8,-39)

Answers

Answer:

just plot the coordinates down on graph and then u'll have them graphed

Step-by-step explanation:

I don't know I'm too lazy 2 put an explanation

Wesley made 3/4 of a liter of hot chocolate. Each mug holds 3/8 of a liter. How many mugs
will Wesley be able to fill?

Answers

Wesley can fill 2 mugs of hot chocolate

Answer:

2

Step-by-step explanation:

you have to dived 3/4 by 3/8= 24/12=2

PLEASE HELP!!
Describe the relationship between expanding and factoring.

Answers

Answer:

To factor means to express as a product. To expand means to multiply something out.

Step-by-step explanation:

please answer my question for me pleaseeee

graph the equation (x - 3)^2 + (y - 2)^2 = 25 and y = 6.

Answers

Answer:

x=6, x=0

Step-by-step explanation:

[tex](x - 3) ^{2}[/tex]+ [tex](y - 2) ^{2}[/tex]= 25

[tex](x - 3) ^{2}[/tex]+ [tex](6 - 2) ^{2}[/tex]= 25

x=6, x=0

1. A quadrilateral has one pair of parallel sides with lengths 2 inches and 3 inches, and two angles that each measure 42 degrees What is the shape of the quadrilateral?

Answers

Answer:

34

Step-by-step explanation:

Four students spoke to the Parents Club for a total of 2/3 hour. Each student spoke for the same amount of time. How long did each student speak?

Answers

Its 1/6

Explanation:
2/3 ÷ 4

Add 1 below 4 as a denominator:
2/3 ÷ 4/1

Reciprocate 4/1 and change to multiplication:
2/3 x 1/4

Solve:
2/3 x 1/4 = 2/12

Simplify 2/12
2/12 —> 1/6

Have a nice day! A brainliest would be nice:D
-SpaceMarsh


Which expression will simplify (3a+6) (7a-2)​

Answers

Enjoy your answer have a nice day

Erica had $20 she spent on three gifts she spent 9 3/4 dollars on gift a and 4 1/2 dollars and gift b how much money did she have left for gift c

Answers

Answer:

$5.75

Step-by-step explanation:

20=9.75 + 4.5 + c

20-9.75-4.5=c

5.75=c

What is the slope?

m= 1/2
m=2/1
m= -1/2
m= -2/1

Answers

Answer:

m = 2/1

Step-by-step explanation:

Slope is rise over run

Looking at the graph we know the slope is positive since it goes up from left to right

We have a point at (2,0)

We have another point at (3,2)

m = (y2-y1)/(x2-x1)

   = (2-0)/(3-2)

   = 2/1

What is the solution of-+-<?
1 1 1
X35

Answers

Answer:

A. [tex]-\frac{15}{2} < x< 0[/tex]

Step-by-step explanation:

Multiply to remove the fraction, then set equal to  0  and solve.

1. **Which of the foll byowing is equivalent to y4 x y^8?
A. y32
B. y4
C. 2y 12
d. y12

Answers

Answer:

SOLUTION

[tex] {y}^{4} \times {y}^{8} = y8 + 4 = {y}^{12} [/tex]

Beacause of the property of exponent = [tex]a ^{b} \times {a}^{c} = a ^{b + c} [/tex]

Center Middle School is having a pie eating contest and needs a team consisting of 5 people from Mrs. Brown's classroom. There are 20 students in Mrs. Brown's classroom. How many different teams could be formed?

Answers

4 because 5x4 is 20

The number of teams formed by the total number of students will be 4.

What is an expression?

The mathematical expression combines numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also denote the logical syntax's operation order and other properties.

Given that centre, Middle School is having a pie eating contest and needs a team consisting of 5 people from Mrs Brown's classroom. There are 20 students in Mrs Brown's classroom.

The number of teams will be calculated as,

N = 20 / 5

Therefore, the number of teams formed by the total number of students will be 4.

To know more about an expression follow

https://brainly.com/question/28368096

#SPJ2

help me plzz nowwwwww plzz​

Answers

Answer:

18

Step-by-step explanation:

colored: white

3           :8

We have 48 white papers so multiply each side by 6

colored: white

3*6       :  8*6

18               48

There are 18 colored papers

Answer:

C)  18

Step-by-step explanation:

3/8 = c/48

cross-multiply to get:

8c = 144

c = 18

Solve by elimination
2x - 3y = -6
-2x - 2y = 26

Answers

Answer:

x=  -9       y= -4

Step-by-step explanation:

Step 1:

  2x-3y=-6

+ -2x-2y=26

_____________

         -5y=20

Step 2:

Get y by itself by dividing -5 on both sides

20/-5=-4

Therefore, y= -4

Step 3:

Plug -4 into the y for the first equation to get the number for x

2x-3(-4)=-6

2x+12=-6

2x= -18

x= -9

what is 9×4−(2×1/2)
(1/2 Is a fraction btw)

Answers

Answer:

35

Step-by-step explanation:

I used Symbolab here's the screenshot

The perimeter of a rectangular pool is more then 62 meters, and the width is at least 10 meters less then the length. Witch system of inequalities represents the possible length in meters, /, and the possible width in meters, w, of the pool?

Answers

Answer:

Step-by-step explanation:

The perimeter of a rectangular pool is more then 62 meters, and the width is at least 10 meters less then the length. Witch system of inequalities represents the possible length in meters, /, and the possible width in meters,

The ratio of boys to girls in the class is 3 to 4. If there were 12 boys, how many girls were there?

Answers

Answer:

Step-by-step explanation:

let girls be x

3/4=12/x(do cross multiplication)

12*4=3x

48/3=x

16=x

therefore there are 16 girls

Answer:

16 girls

Step-by-step explanation:

Set up a proportion. Let x = the number of girls.

3 / 4 = 12 / x

Cross multiply:

3x = 48

x = 16

Other Questions
A truck was carrying a substance in a tank. The molecules of that substance were moving away from each other. The truck parked overnight in a place where energy transferred out of the substance . In the morning . the substance was a gas. How were the molecules moving in the morning ? Solve the following equation for x: 6( 4X +5) = 3( X +8) +3 A skydiver was at an elevation of 17,833 feet. One minute later, she was at 4,297 feet. Find her average change in elevation per second. Which ordered pair is a solution of this equation y = 80 8x? 11I believe that I can be successful in college In what campaign did god extend the day this allowed Israel to rout the enemy g In transcription, the 3'-hydroxyl group of the growing RNA strand: Group of answer choices NONE OF THESE binds to the 5' ribose. attacks the outermost phosphorous group of the incoming nucleotide. ALL OF THESE attacks the 5' hydrogen of the incoming nucleotide. interacts with a positively charged metal ion in the active site. Black Voters 1867: African-American men voting in a state election in the south during reconstruction in an 1867 illustration from Harper's Weekly. That year in the reconstruction states 703,000 Blacks and 627,000 Whites voted.WHICH AMENDMENT IS SHOWN HERE? Which of the following is equal to the expression below?A. B. C. D. Hamad wants to buy a video game with a selling price of $55, on sale for 40% off. The sales tax in his state is 3.5%. How much will Hamad have to pay in all? What is the molecular weight (rmm) of NaOH?40205060 If there are 8 people, and each person has 4 coins, there are ____ times as many coins as people. What number makes the equation true? What led to the 2008 financial crisis 5 Sentences 1. Hay un gas con 700 milmetros de Mercurio de presin en 922 ml de volumen a 20 grados Celsius. Calcula la temperatura final a 500 mm de mercurio con 451 ml.2. un gas ocupa un gas ocupa 205 mililitros a 20 grados centgrados y 1,05 atm. Calcule el volumen final a 60 grados centgrados y 2,4 Atmsferas de presin.3. tenemos 22 L de un gas a una temperatura de 220 K y una presin de 5 Atm, si se modifican la presin a 6.5 atm y la temperatura a 200 K, cul ser el volumen que obtenemos. I WILL REWARD BRAINLIEST Which equation is written in factor form? The goods and materials available for sale at the beginning of a period are_____.beginning inventoryraw materialscost of goods soldending inventory Puzzle- Please help me with this question 8. Look at the painting below.IName the artist.Name the painting.Give the time period.List the artistic movement of this work.Describe its two most important features.