<prompt> Human: I need advice regarding my moms finances. Shes looking to consolidate her debt, 54k remaining mortgage, 47k credit card and 46k home equity, into a new 170k mortgage, 15 year fixed 3 APR. She needs a cosigner since shes a waitress and has a low income most of her cash tips go unreported. Her pitch to me is that her house is worth at least 250k, which she has from my parents divorce, and if she dies, shes 60, I can just sell it to pay off the loan. She also says shed show me her credit report that shows shes never missed a payment on anything for 40 years and that most of her debt was caused by her divorce.My question is how much will this hurt me when trying to get new loans for myself? I currently own my own condo, but Im getting married next year and plan on moving to a bigger house within a year or two after that. The loan officer told her that if I can prove the loan payments all come from her account for at least 12 months that when I go to buy a new house this cosigned loan for her wouldnt count against me. Is that true? Has anyone ever heard of that? My SO and I have talked about moving to houses that cost around 400k. Our combined income would be 200k, but he has 130k in student loans that hes currently paying on the income based plan since he works at a school and makes 44k. I have no other debt than my current mortgage, but I would sell that before moving. Thanks for any help!Assistant: She should simply sell of the house and rent a place. That way she is debt free and has money over50-80k. I would never cosign a loan that simply pays off other loans when the person has other assets to liquidate...Human: Yeah, I agree that makes the most sense but its hard when she refuses to move from her house that shes lived in for 30 years.  <response>: tough love. good luck. 