Cash out refinance question

[Kaleb R.]

Hello Everyone I hope all is well… I have a question that I hope someone can answer. I was listening to the bigger pockets podcast today and the guest said she was able to pull out 275% of her money on a cash out refinance. How is this possible when the most a bank will give you 80% LTV. I'm not understanding this, can someone please explain this to me?

Thank you