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There's that magic number again -- two years. This is usually the employment requirement for a conforming mortgage loan. You must have continuous employment for at least two years. Granted, there are exceptions to every rule. And we will talk about those exceptions in just a moment.
The advice often given is that you should wait some number of months -- six months is one estimate -- before attempting to take out another loan. The idea is that a new lender will want to see you build up some credit history with your current loan before offering you another one.