Help me with lingo to talk to lenders

[Kyle D.]

Hi!

I have several $50-80K SFR properties I purchased in cash six months ago that are all worth around $85K (so says zillow).

I want to (re?) finance 4 of them to get some cash back.

-Is "cash out refinance" the term I want to say to lenders? Are there any other fixed rate products available?

-When I go look on my bank's website for "cash out refinance" with excellent credit, I get like 8.5%. What the heck? Regular "refinance" is only 4.35% 15yr 0pts investment product but I don't know if that is what I can request in this case since there is no mortgage to refinance.....

Can anyone point me in a direction? 

Thanks,

Kyle