It looks like a difficult task when comparing the required credit score for home loan refinance before the recession and after the recession. Before the recession, you could get a home loan with your score less than 640. The fact that you have a loan will give you an upper edge because you can use that as collateral but now, you will need to have a score of 640 and above to get a refinancing on your home.Now you know what mortgage lenders want your credit score to look like if you want good interest rates and loan approval. To get the score needed to refinance your home, you need to maintain a good report and a good credit score. In addition to this, you need to be employed in a steady organization that is known to survive hard times. Your monthly income should be seen as more than enough because you do not spend more than a quarter of your salary in paying debts.A good way of preparing your credit report for home refinancing is to pay down all your debts. Pay down up to 50% of the total of all your revolving accounts and reduce the purchases you make on your credit card to 40% of your total credit limit.Always work on putting your credit account in good shape. You can do-it-yourself by getting a restoration kit to help you through the process or you can consult a credit repair agency to do it for you.