<prompt> Human: My mother bought a rental property few years ago. She would like to take advantage lower current rates. She wants to take herself out of the title and put me in as the sole owner so I may qualify. My mother doesnt qualify on her own as she gets paid under the table. Im 28 work and make 45K a year. I have student loan 17K. She owes 200K on it. My concern is that I do plan to purchase a home of my own in two years. Will I qualifyhurt my chances if I already have a my mothers mortgage? Will this disqualify me for FHA loan in the future? My mothers rental property will remain a rental property and it will be paying for itself and I would be owner on paper only. I trust my mother fully, the mortgage loan specialist seems honest but I looking for advice from someone who doesnt have a vested interested in seeing this deal go through.  <response>: Never ever do something like this. You may trust her, but if anything goes wrong youre on the hook. Like what if the roof caves in and kills an occupant? As the owner of the house, guess who is responsible.Furthermore, regardless of the circumstances, its going to look like you already have a 200k mortgage when you go to buy your own house. If you were a lender, and had a prospective borrower come to you who only makes 45k a year and already has a 200k mortgage, would you loan them money? I wouldnt.Essentially youre taking on a crap load of liability and seeing zero benefit for it. 