<prompt> Human: My mom wants to buy a home and asked me to cosign. She has bad credit from a family issue from the past, but I am confident that she will never miss a payment. With the assumption that she will make reliable payments, are there any downsides to cosigning for her? Some background info:- my spouse and I have a mortgage- no other loansEdit: thanks for all of your replies! Seems like I should either buy the house myself or ditch the idea of cosigning.  <response>: 99.999 of the time the answer to any question that begins with Should I cosign.. is a hard NO.I am confident that she will never miss a paymentWhat if she loses her job? What if shes suddenly hospitalized and incurs a ton of medical debt and can no longer work? What if she just decides one day that she is not going to pay?If anything... and I mean anything happens where she can no longer afford to make payments, you are 100 responsible for that loan. Itll be on your credit report, you can be sued for missed payments, etc. AFAIK, you could even be sued and held partially responsible if someone is injured on the property.Dont do it. Find other ways - maybe help her with rebuilding her credit. Theres a post a day here or on rlegaladvice about someone trying to get out of a cosigned loan - but they cant. Its their responsibility.x200B; 