Proper way to ask a bank for "cashout" refi

[Raimel Diaz]

Good day everyone.

Im in the process of finding a bank that would allow me to do a cashout refi. Now is there is correct terminology for Cashout refinancing when speaking with a bank? When I was speaking with the loan originator regarding my plans on purchasing the properties and explaining that I was doing the BRRRR strategy in order for me to take out 75-80 percent of the ARV, the loan originator seemed confused on my strategy because they thought I was taking avantage of them by taking money out. Instead I was offered a construction loan/203k. Am I not explaining it correctly to the bank? Should I not used the "cashout" refinance wording?