Cash out refinance

[Dorian Gray]

I have about 950k in properties. I have about 550k in equity, one property is completely paid off. Recently after some medical issues(I’m all good now) I’ve exhausted all my reserve funds and have 50k in high interest debt. I am thinking to refinance my paid off property. Just not sure if I should just get the 50k to pay off my loans or get more cash out of the property for reserve funds