Does a higher credit score just help you get approved?

A higher credit score does more than help you get approved, it typically qualifies you for a lower interest rate, which lowers your monthly payment for the life of the loan. Lenders use credit score tiers to price risk, so even a modest score improvement before you apply can meaningfully change what you pay in interest over a 30-year mortgage. Score also affects mortgage insurance cost on some loan types. Joel Boss can connect you with a lender who will show you exactly how your current score affects your rate.