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Posted in Mortgage
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Cheesiepoofs

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Mortgage Companies & Hard Inquiries
I've been house-hunting slowly over the past 9 months. Different lenders will approve different things-my credit score has dropped dramatically from hard inquiries. I haven't purchased anything as of yet and it will most likely be another few months before I do. Loan pre approvals have a time frame, so because things have fallen through my credit is taking a beating. I know there's up to a 45 day window before you have to wait the two years to have it removed from your credit score. Is there anything I can do to repair the 26 point drop from the inquiries?

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"... I know there's up to a 45 day window before you have to wait the two years to have it removed from your credit score..."

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Not sure if I understand it right. Supposedly the inquiries you get with-in that 45 day window for "rate shopping" would counted as one inquiry for scoring purpose, however since your scores took a hit already, that 45 day window means nothing anymore and those inquiries will remain on your reports for 24 months.

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The inquiries stay on your report for two years, but they are only factored into your score for one year. 

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