Will I have trouble refinancing?

[Armando Carrera]

Hi everyone,

We just purchased a home this summer for $450k and put 25% down. Currently owe $342k at 7.5%.

We have no problem paying the mortgage as it currently stands. My concern is if we want to refinance, since rates are dropping, will I qualify even if my income drops when the new year begins. Btw, even after my income dropping, paying the current mortgage is no problem. 
just wondering if that will play a huge role.

thank you in advance