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Updated over 4 years ago,
Credit Inquiries Dropping Credit Score
Hi BP Community,
Please help!
Prior to buying my first property, my credit score was excellent. After I got a mortgage it dropped 30 points. Last month it dropped another 10 points after a lender approved me for a conventional loan on an investment property.
Now I'm under contract on a new property that I will BRRRR, but I'm nervous I won't get the interest rate I deserve on the refinance because of too many credit inquiries... How do I avoid this moving forward - how can I raise my score quickly? Can I get rid of these "Inquiries" if no credit came from them?
I appreciate your time!