Should I refinance into a 15 year or 30 year? current rate is 5.5%
I ran the numbers on the 15 yr option with original loan amount at $185,000 (which probably was not the case but wasn't sure) at current market rates you would save roughly $135,000 in interest savings. It is a no-brainer in my opinion. I would be happy to speak with you further to give you some...

Is cash out refinance higher rate?
Yes. Cash-out refinances are considered a riskier loan and therefore they are charged a higher interest rate because of the perceived risk. You are also capped at 85% LTV on a cash-out refinance.

How many bank statements do i need to show for a loan?
They will require that you provide two months of bank statements (all pages). If it's a new account and you had a previous account you would need to provide the previous acct statements if funds were transferred between account or deposited into new account. Essentially they want to paper trail any...