<prompt> Human: Hi, I need some advice! I took out a PPlus loan in my moms name with her approval a few years ago. Now, we owe a little over 60k our account is also past due - but we are working on it. My parents need to refinance the house, and while my mom has awesome credit 760s, the loans is stopping them from getting approved. If they arent able to refinance we can lose the house. I thought about having them remove my moms name from the loan and use my name, but the PPlus loan wont allow it. Another option is to take out a personal loan to reduce the loan in my moms name, but the payment plans are so high and I cant afford it. Do you guys have any other options? Thank you!!Assistant: Sounds like your mother is already way in over her head, how recently did you check her credit? A 760 wont hold up long with delinquent accounts on there. Why do you need to refinance the house? Human: It hasnt gone in delinquent status yet. We are only past due by a few months, but also working on it.We need to refinance because my dad has been paying only interest on the house. Would like to reduce the payments, etc. Im not really 100 up to speed, I just know its going to be my fault if we lose the house. Assistant: dad has been paying only interest on the house. Would like to reduce the payments Something doesnt make sense here. If youve been paying interest-only, an refi is only going to increase payments. Unless the rate would go way down, which seems unlikely. If parents cant afford interest-only payments, then this house may well be beyond their means.Mostly, umedicalconnundrum has it spot on. This is your parents life, and you need to let them live it. Focus on getting your own life moving forward and your financial house in order.Human: I live in NY and my family is in Fl...I am not close to the situation so probably didnt explain is accurately. Its not that simple to say its my parents life. Their life is my life. Why would I want them to lose the house I grew up in and my younger brothers are still in. Thanks for the comment though.  <response>: Your parents bought a house they can not afford. They have no equity in the house. Any refinance they do now will involve a higher monthly mortgage because right now they have only been paying the interest and taxes. Basically theyre fucked. Even if there was no student loan they would be fucked. They took a parent backed student loan on a house that they dont have any equity in because theyve only been paying interest. Even if you paid off your student loan right this minute theyre still screwed if they cant afford to pay a higher monthly mortgage. 