Your credit score directly influences your interest rate and, in some cases, your mortgage insurance cost. Higher scores typically qualify for lower rates. Lower scores may still qualify — just at slightly higher pricing. The important thing to understand is that credit score is not just about approval. It’s about cost. Sometimes even a small improvement in score can meaningfully reduce your long-term interest expense. The good news? Scores can often be improved with focused strategy.
Please consult your Mortgage Advisor for guidance specific to your situation before making changes.