Should I be worried about Credit Inquiries?

[Sam Alegria]

I have 7 Credit Inquiries right now. I got 6 last year from looking for a personal home for over 9 months before having to halt my search. Now I'm looking to invest in real estate and just got pre-qualified for a loan. Should I be concerned for having so many credit inquires? Will this affect me negatively or will the banks understand when they see my good overall history. (I have 750 credit score)

Thanks for any help!

[Chris Mason]

Originally posted by @Sam Alegria:

I have 7 Credit Inquiries right now. I got 6 last year from looking for a personal home for over 9 months before having to halt my search. Now I'm looking to invest in real estate and just got pre-qualified for a loan. Should I be concerned for having so many credit inquires? Will this affect me negatively or will the banks understand when they see my good overall history. (I have 750 credit score)

Thanks for any help!

 Mortgage inquiries are not treated unfavorably as credit card inquiries are by the FICO algorithm. The terms "soft pull" and "hard pull" do not appear on credit reports, but the type of inquiry does.

The following is directed at the lurkers and BP community at large more than you specifically, Sam, and I'm sure it'll be unpopular with some, but it's the truth:

I have never seen someone with bad credit due to credit inquiries, but I  have encountered MANY people who CLAIM that the reason for their bruised credit was credit inquiries... these same people of course always have excuses for why the Ford Mustang that was repossessed, and five credit card lates, and the eviction, and so on, were all always "really" someone else's fault, and then pivot back to the guy at Comcast running their credit "without authorization" as being the "real" reason they have a 485 FICO score (ya I'm sure the repo and eviction and lates had NOTHING to do with it...).

"I have bad credit due to credit inquiries" is a myth perpetuated by those who cannot take personal responsibility; these same people tend to be the most vocal, which makes this nonsense appear credible.