Cash-Out Refi to pay off high interest debt?

[Nick H.]

Looking for some advice. I'd love to get into REI, however I feel like my high interest debt is weighing me down. I'm continuing to pay it off as much as possible but feeling stuck. Considering the COVID situation, looking to take advantage of the low rates and also get rid of debt.

Here's my situation:
1st mortgage: $101,xxx
2nd mortgage: $38,xxx
CC debt: $38k
Loan debt: $20k
Zillow 'Zestimate Range': $228k - $252k

My local CU lists up to 95% for cash-out refi. 

Assuming low end value of $228k / 95% would be around $75k.
Assuming low end value of $252k / 95% would be around $98k.