Paying off my mortgages
I currently have 4 long term rental properties. 2 are paid off and We still have 2 other properties we purchased a few years ago with bank lending mortgages. Rates were around 3.14%. We have 20k left on our condo which cash flows about 250 a month. We have about 60k left on a 3b1b rancher which cash flows about 900.00. My question is, should I just pay off one or both mortgages with excess money I have in the bank (IRA's, stocks etc). I keep watching the stock markets over the past few weeks and we have lost quite a few thousand dollars. I am wondering if I am just better served pulling some of that money out to pay off our properties.
Thanks
Vince