I am writing this blog as a direct retort to the one posted by Robert Ashby titled:Money Merge Accounts Vs Equity Harvesting: Harvesting Wins by Over $1.5MI posted 2 responses to this blog and Mr. Ashby deleted the second. Due to this I am now posting my own blog on this topic as I believe people have the right to the truth. The Equity Harvesting strategy that is currently being advocated by many in the mortgage profession has multiple risks associated with it that the people promoting it are either selectively ignoring or are completely ignorant of. I don't know which is worse.In his blog Mr. Ashby advocates that his supposed "client" refinance their home every five years, extracting equity for the purposes of investment and then proceeds to assume that these people will achieve a r...
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