Home refinance overpayments

The best way to get out of a situation where the terms are harsher or the rates much steeper than that of your friends is to refinance your home loan. If you have bad credit, is it still possible to get a home refinance? A lot of people might think this is close to impossible, but it actually is not at all. What interest rate are you paying on your housing loan? If you are paying 3.5 per cent or more, you might be overpaying. To refinance a home mortgage or not to refinance a home mortgage is a big question.