<prompt> Human: Hi folks, Ill try to make this short. As it says in the title, my parents are asking me to take out a home loan 350,000 in my name because their credit isnt too great and their debt to income ratio isnt that great either. Also, they state that the home will be in my name, and they will make the monthly payments, and finally front the down payment for the property also. So theres technically nothing out of my pocket up front anyway.A little about me: Im 27, I make a good living, 125k per year, credit 790, no credit card debt, but student loans at 17k.Ive got a pretty good relationship with my parents and theyve never been the type to try and ruin relationships because of money. I live in a completely different part of the state and they want to purchase a home where they live. I can, in fact, pay the mortgage in the situation they cannot. Has anyone ever done this and have some pointers? Im curious if mortgage companies or real estate agents could give me a hard time because of the logistics involved with money and location. Edit 1: Thanks everyone, much appreciated. I dont plan on buying a home for the next 5 years I live in the SF bay so its fairly difficult anyway. My parents have agreed to a landlordtenant policy. I will certainly notify the mortgage company up front of the entire situation and NOT try to lie about the property.  <response>: Also keep in mind. This will have severe consequences when you try to purchaseYour own home. When a lender sees a 350,000 debt and payment on your credit. Your debt ratio will be severely affected. Advice: dont do it. Tell your parents to rent and fix their credit. Theyve been irresponsible already and now want to put the burden on you. With your credit at risk. This is an easy, No. Hard to say it to parents. Tell them you applied but the debt ratio didnt work out if you want. 