Refinancing loan

[The Raven]

Getting a loan for whatever the reason is always tricky but sometimes it may happen you are in a serious situation where you need more money so you don't lose business or becomes homeless so you decide to refinance loan by taking another loan which is bigger than the previous one. By doing so, you get more money but everything resets. Usually people go to another bank to do this. 

Thoughts on this? Would you do this?