2nd Mortgage Guide

We would like to do debt consolidation. We have taken our first house payment. It was a Fannie Mae foreclosure, which we bought on a loan with the USDA. We paid $ 58 000 for the house is assessed $ 72,500. How long must we wait for a second mortgage, and how can we get? Any help would be great. Thanks Do not assume that you are a kind of second mortgage on the property to get. It is much harder than before. Lenders are reluctant to lend to the estimated total value of the property, as it happened in the past year to expand. Contact your bank about a possible HELOC on the property. The loan consultant then guides you through how and when you receive such credit. thought for some reason your question on the UK site - in the UK, the answer is "no time" I know some two mortgages - one of the most important of the loan and the other for a top-up "-. simultaneously, but in the U.S., the rules very different .