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Updated almost 5 years ago,
Does Type of Loan Matter for Credit Inquiries?
I like the strategy of both Buying & Holding turnkey rentals, and also doing BRRRR properties. So I will likely use both conventional and hard money loans in the future. I would like to get pre approved for both. I am aware that the credit bureaus view multiple hard credit inquiries within a 30 day period as a single inquiry. My question is, does it matter what type of loan I get pre-approved for? What if I get pre-approved for a few conventional loans and a few hard money loans? Is it all the same as far as what my credit will take a hit for?