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Updated over 6 years ago,
Mortgage Lenders & Impact on Credit Score
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?