<prompt> Human: So I dont know if this is the right sub, but my parents want to put the mortgage partially in my name. Right now the mortgage and deed are in both my parents names. What they want to do is take my mom name off both and put my name on both. My question is what kind of lawyer does this type of work? Second question is how is this affecting me and my family financially? Id figure it would look great on my already good credit. I currently have a car loan that Ive been paying on time and my credit score is above 720. Is there something Im not thinking about? Im 23 years old, only have a car loan as debt and live in new York city.  <response>: This is probably a bad idea. If your parents miss a payment it will hurt your credit, if they miss lots of payments it will ruin your credit.Yes, having a mortgage will help raise your credit score faster. But having a monthly debt payment that is a decent percentage of your income will prevent you from being able to use that credit when you want to buy your own house. When you apply for a loan your credit score determines the interest rate, but your debt to income ratio determines how much you can borrow. Your total borrowing power will be reduced by the amount of your parents mortgage. Unless their monthly payment is very small or your income very high you wont be able to buy another house.Unless you are willing and able to make the payments yourself dont do this. 