[BAGAGT1]

Quite bluntly, I think you are making a mistake. You have $75,000 of debt, at a good interest rates. You didn't mention if you have any car loans, or any other kind of debt, but assuming you don't have any other debt and you have a good income stream, you can pay this down without refinancing. First, skip the home improvements, let's get this debt paid down first before we consider making unneccesary improvements to the home. If I were you, I would consider even picking up a part-time job to help pay for this debt down.