Cash Out Refinance Obtions after Forbearance

[Delicia M.]

I had four (4) 30-yr mortgages @4% rate under forbearance. The forbearances ended 2-3 months ago. I also have 3 single family properties without mortgages. I own them free and clear.

I’d like to cash-out refinance to purchase a multi-family. I was told I can not do a cash-out refinance on mortgaged properties and I can not refinance the mortgage-free properties until I’ve been out of forbearance for 12 months.

I’m seeking advise on how to avoid waiting a year before I can use the equity in my properties to secure cash for additional investments. I have salaried, stable, W2 job and a good credit score. I look forward to getting advise. I’m feeling stuck :-(.