<prompt> Human: So I was asked by a family member to cosign a home equity loan on my deceased grandmothers house so they could pay for their house right away and then refinance their new house to pay off the original home equity loan of my grandmothers house. Im being sold that this will help my credit once its all over but i kind of just want a second opinion. Do you all have any thoughts?  <response>: NO. The answer is always No. The bank wants a cosigner because they dont think this person can pay it reliably by themselves. They usually have a solid reason for thinking that. If this person defaults on the loan, YOU are on the hook for the payments.You just say NO.If you want to build credit, get a credit card, use it regularly, and pay off the statement balance each month. Thats all you have to do. 