Cash out refi to pay off HELOCS?

[Dean Klein]

Here's my situation, looking for input on the right move. 

I took out 2 heloc loans on 2 investment properties for the down payments of two other properties earlier this year. The heloc payments are 1% of the balance a month, so around $650 a month. I have enough equity in the two properties that I borrowed on to cash out refi and pay off the helocs, which would save me around $425-440 or so a month over making the HELOC loan payments. I assume it wouldn't make sense to continue making the HELOC payments over the long game due to the minimum monthly payments.

Just wondering what others might do in this situation. I'd be looking at next year to cash out refi if that makes sense to do for the long game.