Another pull on your credit is likely to drop your score a few points, as in 3.  

Definitely check in with @Joseph Chiofalo for Jumbo second home and investor loan products, we just had an unbeatable rate and appraisal waiver here on the coast. 

Also not sure when you bought your primary residence, but most likely rates have risen which means your payment would go up. 

or any recommendations on which is the best Bank/lender to get one with the best rates? 

They halfway tried to implement some means for presenting data in a way that an investor would logically consume that information, but they completely dropped the ball in really simplistic ways.

You would never ask an attorney to lower his rate for doing his job and telling you what to expect. 

I have 3 options.1) Cash out refinance with above 7% interest rate.

Look on Vrbo and Airbnb and see if bigger houses are booked at good rates.

"McAllen was recognized as the third safest city by SmartAssest.com, which analyzed a core set of common safety factors, including the following five metrics: violent crime, property crime, vehicular mortality rate, drug poisoning mortality rate and the percentage of the population engaging in excessive drinking."

rates are too high.