When new home owners apply for any sort of mortgage plan, their credit record is always reviewed to see if they can afford to hold a mortgage and to view their past financial history to see if they have had any problems in the past with any sort of loans or not. If they have, then that would cause issues to their application. When it is the person’s first home loan, there is a lot more reviewed when it comes to their financial history because the Home mortgage lender wants to make sure that they will not fall into any problems with the payments. With those who have held successful loans before do not really have a problem because there is proof that they have already completed a successful home mortgage plan without running into any problems which builds a good record when the bank reviews all of the financial history plans.