If the credit records are extremely bad the lenders or banks may also reject the loan application.

The trend indicates a good chance to get get a good mortgage refinance rate.
However, over the years the equity that is in the interest of the property increases, because it is an appreciation of the value of the home.

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The good thing about refinancing is that there are various options for you to choose.
You must make comparisons for a mortgage, comparing all aspects of the loan, including interest, fees and terms rates.
List of other possible sources of income outside of your regular salary and make sure that you have enough to cover the needs of your family, or your plans will not stand a chance.