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Usually, refinancing will begin with you applying for a second loan or mortgage. Home equity loans are one way to help with refinancing your home. There are also lines of credit and other considerations that you can make in order to get some extra money into your home. The advantage of this is that when you go to sell your home, you will be able to value the price higher than it would have been with just the regular loan.
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Everything from basic paperwork to taxes and even procedures can be better when handled by two people.
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No matter what you want to invest in, you can be sure to earn a profit after you have found the right space and location for your investment.