2nd Mortgage Share

We are keen to consolidate debts. We recorded our first house payment. There has been a Fannie Mae foreclosure, which we bought for a loan with the USDA. We paid $ 58,000 for the house appreciated $ 72.500. How long must we wait for a new loan, and how can we get there? Any help would be great. Thank you not think that you get a kind of second mortgage on the property. It is much harder than it was before. Lenders are reluctant to borrow the total value of the property, which took place at the bottom of the last year of expansion. Check with your bank about a possible HELOC on the property. The loan consultant then guides you through how and when you get a credit. seemed for some reason, his application on the website of the UK - Britain, the answer is "no time" = I know someone who would have two mortgages - one of the loans and the other for a top-up "-. But even if the rules in the U.S. is very different.