I have a 10,000 CDwhich is reaching maturity and I;d like 8,000 to make home improvements?

and i want to borrow the amount from the CD. Since my mtg. is now only 2000 more from the value of my home which has decreased by 75,000 in 3 yrs. i no longer have equity, My husband and I are State Workers and will have a good retirement income and our IRA's are growing, but we will only have about 12,000 left , but my house needs work. My husband thinks it's better to just take a loan, but the interest rate would be much less to borrow on our own money? Which is the better choice?