Many of us are battling poor credit ratings. How one has reached that point, we don't know. Only one thing is sure however, we all want to rebuild our credit score so we can at least refinance our mortgage during these difficult times. Well, much for your relief, poor credit mortgage refinance packages do exist! Nowadays, there are many lending firms that want to make a more liberal approach when it comes to their loan programs. In fact, they have taken the extra step to give some trust to debtors again so that you can rebuild your credit rating. If you are interested to apply for a bad credit home refinance loan, here are few valuable tips you can use to get a jump start on the process. 1.      Be thorough.  When searching for such loan programs, be sure to make thorough research. Study and compare different banks and lending companies. It also helps to make a matrix to easily compare interest rates, duration of loan repayment, services fees and other important details. 2.      Pay attention to mortgage details. Find a loan that have similar terms but with an interest rate that will be at least 2% lower than your existing loan. This can be a good way to assess whether you can have an easier time paying back the loan. Don't be tempted to take out too much cash. Remember, there is a price for every borrowing and you have to pay it back one day if you don't want to live with a mortgage forever. 3.      Start with due preparation. Make all the necessary preparations to avoid application disapproval. Put your credit cards and bank statements in order. Check your credit report for any unpredicted changes. Avoid applying for too many credit cards and close the invalid ones. Also, determine which home mortgage programs you will be eligible for so you do not waste time and money applying for loans you will never get approved for.