Mortgage Lenders & Impact on Credit Score

[Kosh Vokter]

I am getting started with investing in BRRRR. I haven't found a property that I like to invest yet, but I want to identify the lenders, get pre-approved and get all the paperwork done and out of the way. That way, I will have a couple (3-4) of lenders that I can shop around for the best rates, after the rehab is done.

I know the lenders will want to pull my credit score/report. I understand this will lower my credit score and as multiple lenders each get my credit score/report, I am concerned that it will heavily impact my credit score negatively.

Are there strategies that you recommend to workaround this or is there a way to do this effectively without heavily impacting your credit score?

[Harjeet Bhatti]

@Kosh Vokter The best practice will be prepare the file with best lender with whom you would like to work.  You may know your credit score, talk with all the lenders pick one and let him/her prepare the file.  Do not pull your credit multiple time even though that won't effect if pull in same window time.