Just got the call from our mortgage guy. We're in the process of refinancing and the appraisal just came in. It turns out my house is worth a cool quarter-million. Which is roughly $50,000 more than we'd guessed it would be worth. The up-shot of which is that, for the same low rate for borrowing only 75% of the value of the house, I can borrow an additional $37,500. That'll go a long way toward paying of credit cards and other important things (like a new roof) even though we'll only see about 85% of the additional funds.
My credit is still fairly sucky, so I end up with a loan with an adjustable rate. Said rate, however, will start a good four points lower than my current rate and won't adjust for three years. At that time, we'll go through the whole refinancing thing again and see if my credit score has increased enough to get a decently-priced fixed-rate mortgage.
Overall, this looks like it will free up a few hundred dollars a month. It'll feel good to be able to get ahead a little every month.