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Updated about 5 years ago on . Most recent reply

User Stats

15
Posts
28
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Matt Camilliere
  • Rental Property Investor
28
Votes |
15
Posts

Credit Inquiries Dropping Credit Score

Matt Camilliere
  • Rental Property Investor
Posted

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!

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