Best way to refinance when credit was lowered because of BRRRR.

[Enrique Vazquez]

Hello,

I've been so proud of my 801ish credit score for the last few years that I put it to work. I got a line of credit at a somewhat high 7% rate and paid "cash" for the SFH. The rehab took considerably longer than expected (6 months), and now that I am about to finish I noticed my credit got hit with 114 points!!! Now at 687...

After a very careful check I see that the three changes are: Debt to income ratio (only because of the line of credit), hard inquiry increase (by one), and a slight lower on credit history (because of the new line of credit). 

At 687 I think I can still get a mortgage, but it won't be much better than the line of credit. 

I am very fortunate that I do make a good salary and can pay the entire line of credit in less than a year. This would mean no new investing until that is done though.

Is there a better way?