<prompt> Human: My parents: Dad has been out of work for a year and a half. They dont qualify for the refinancing. Me: Recently graduated, out for a year. I live on my own. Recently got a raise in the last two months that puts me above the threshold to qualify for this according to mother.My mom wants to put my name on the loan ? at 1 of the house or something. I trust my mom, so I know she would never do anything to intentionally hurt my future. But, I dont know if she understands all the implications... and I definitely dont understand. Should I let her? What are the pros and cons?Assistant: I normally do not post a lot on reddit and mainly lurk. However this thread struck me to where i need to comment and hope you dont make the same mistake i did. I will try to keep this as short as possible. I was in a VERY similar situation as you 14 years go with my mom. Out of High school, great paying job and on my way to freedom. Then my mom asked and said the same thing yours is doing now. I did it with illusions of grandeur when she ever sells the house. well she hasnt and is in no way on paper financially able to make payments on her own she does now and i havent helped in years, however the bank does not see it that way. Over the years every time i try to get a loan for ANYTHING, car, CC my own house! i have that 150,000 mortgage on my file that i cosigned for. Luckily i have a a very nice high paying job and through many forms and proof of payments and VERY VERY large hassles i was about to get a loan for my own house with my now wife. However in the past because of this i have been turned down for SO many things i lost count. Also keep in mind if she cannot make a payment they come directly to you. If she misses payments or is late for even 30 days that is also now on YOUR credit for YEARS. I currently have a 700 credit score but because of late payments she made 5-6 years ago banks still frown on lending to me. If i had never cosigned on her house my credit score more than likely would be near the 800s as everything else is perfect! Your DTI will be a nightmare for many many years. Also do not let them or anyone tell you Its easy to get your name off we just fill out some forms, let me tell you Its not. Its a nightmare and one i am still living and trying to get off of, unfortunately i make way more money than my mom does now and ever will. The only way for me to get off her loan is to sell the house from under her. The banks claim she cannot make the payments on her own even though she has been for years now. Overall while i was helping her out its been a complete and utter nightmare for me in my life and now for my wife that has to deal with it in getting our house to start a future.All i can say like people here is. Take the tough line on this one and tell her no or whatever you have to. Do not do it take it from me it will not benefit you in any way at all.TL:DR: Did this for my mom 14 years ago, still on the loan to this day and no end in sight. Do no do it. Human: Thank you so much for writing your experience. Gives me solid examples to give to her. PF question is it the type of loana mortgage vs. car loanthat makes it so hard to get other loans? Or is it some debt to income ratio?  <response>: Yes, it will impact every. single. loan. you try to get until a. the mortgage is paid for or b. the house is sold.Along with everyone else, Im telling you to get out your 10 foot pole. Wait, no, make that 100 ft. Is there some reason they cant make their current payments? Tell them they should keep in mind that if they refinance now they are resetting the timeline on their loan. For example, if they had a 30 yr fixed and have paid for 20 years they have only 10 years left. If they get a 30 yr now, they have to pay for 30. If theyve had the house for a while, they should have some equity, unless they are upside down from the drop, but things have rebounded a lot in the Bay area. I guess my first questions to her would be why cant they get financing on their own? Is their debt to income too high? Do they have no equity, etc? No matter what, the bank doesnt think its a good risk. If theyre not a good risk, why are you, someone they care about, expected to take the risk and the consequences that a bank wont. Sorry, I wouldnt ask my children to do this for me, no matter how big of a mess I was in. Its not right. 