Refinance and more questions

[Andrew Shippy]

Q1- No disagreement here, but is there a website that shows the investment property interest rates vs primary residence. When I was talking to this family member they told me just to add one point roughly to the current interest-rate and that will give me the investment rate.

Q2-I was told that the max loan to value ratio you can get if you were to cash out refinance on investment properties is 65%. But when I look online the most recent articles say I can get 75% for a single-family home, which is what I own. I know obviously there are certain things that go into it such as credit score, amount of debt, or how much in cash reserves I have but if all of those were flawless could the max be 75%. What have others received when cashing out? I also realize the lender you choose is going to have some say in this. 

3. This isn't really a refinancing question but it's a PMI question. I currently have lender provided mortgage insurance LPMI, which simply raise my interest rate slightly and it can't go away for the life of the loan unless I refinance. There was an option for when I first bought my home for BPMI, borrow paid mortgage insurance, which everything I research or says will go away once you've reach 20% equity in your home. So as an example I bought my house as-is for 240000 and renovated it in one year. Similar homes in this neighborhood are going around 300,000. So I thought if I paid for a new appraisal I could have the BPMI I go away effectively. The person I talk to yesterday said even with the BPMI I have to refinance to get it taken away and I would have to wait a minimum of 10 years to even do that. We are talking about a conventional loan.