Personally, I have found the $25 background application fee weeds out 99% of the non-serious people.. if it's free, you'll be weeding through a lot of people who aren't serious, or don't meet your qualification, and you're just wasting your time.    

@Yulia Jenner With your option 1, you will not be able to use the rental income from the property you are exiting for the qualification of the new FHA mortgage (I am assuming you are going to be within 100 miles of the exiting property).

They pretended that Fortune Builders only accepted the most motivated and qualified persons for the Mastery program but I am sure that anyone that had the $30,000+ for the program would magically meet their "qualifications."

Hi Kim,You definitely need a qualification to do that in the UK. https://nationalcareersservice.direct.gov.uk/job-p...Kind regards Petya

Most lenders have different qualifications that need to be met before closing on the deal. 

Most jobs put a ridiculous amount of qualifications on the ad to weed out the losers.  

Back in the prehistoric days (80's and 90's) when I was a listing agent, we were able to gather all manner of information regarding a buyers loan qualifications but times have changed. 

. - Interest rate 6% - 10% (depending on credit and available equity in the house) - Term: 30 years (no need to refinance, ever) - Minimum Credit Score = 650 - Income qualifications: They don't care.

According to one of them, their "qualification" for the job is a driver license.

If so, do your normal lease qualification (credit, income, and rental verifications).