Question

@JuanitaM

Answer 1

based on 10,500 how much can he pay a month? Hint - divide by 12

Answer 2

did you get that amount?

Answer 3

i got 45

Answer 4

10500/12 = 875

Answer 5

prob says that he can only pay 10500 yearly for mortgage, but we need to determine monthly amounts for this problem

Answer 6

thats what i got at first

Answer 7

good. Now look at the chart, for 875/month what is the lowest fiCO score needed

Answer 8

700-719

Answer 9

right, so lowest needed is 700

the problem says his fico score is 544

so how many more points do he need to increase his score by to get the payment he wanted

Answer 10

156

Answer 11

Absolutely :)

Answer 12

thank you:)

Answer 13

You are welcome