<prompt> Human: Situation: My Parents are buying a new house and are taking out a pretty large mortgage approx cost 1mil. They want to put me and my brothers name down included in the mortgage which we will not help paying for.Parents argument that there are many benefit to include me and my brothers name in the mortgage. Seeing how they are my parents they want to help me as much as possible, benefits they state:1 I will be able to write it off as a tax write off1 Will help with credit2 That if something is to happen to them, it will be easier for me and my brother to inherit the house, more evenly3 Will make applying to future loans easier for me in future.My situation: Currently living in another state doing medical residency, i have great great credit, but not making a lot of money on resident salary, but no student debt either. My parents would be paying the mortage, neither me or my brother would have to pay. I finish residency at the end of the year and seeing how im single may or may not move back in with them. My main concern is that in the future I want to buy a medical practice or apartment, will getting approved for a mortgage be a problem. Also how true is it that I could use this as a tax write off? Im not really concerned about my parents being unable to pay the mortgage either. Thoughts? Opinions? Should I let them put my name down?  <response>: 1 and 3 are false. You wont be able to get a mortgage for a home yourself since you are already financially responsible for your parents mortgage. And if they dont pay for any reason, your credit is ruined. 