<prompt> Human: Theyve had this apartment to rent out to people for about 10 years now. In the beginning, it was a co-op but the complex had a change in management and now its considered an apartment. I dont know the difference, to be honest. My boyfriend and I are considering moving into the place, and my parents want to fix it up for us if we decide to move in and will even give us a reduced rent rate.The thing is my parents want to refinance because it was around the economic crash when they got their mortgage so their rate is higher than theyd like. They want to put it under my name when I get a full time job to get a better rate. Theyd still pay for the mortgage and I would just rent from them. Its not a bad idea because I know theyre good for it and wont screw me over, but is there a better alternative? Ifwhen I get asked to stay on full time for this job, my salary would be around 30k, so I dont think I would get any better of a rate than they would. Theyve got a pretty respectable income between the two of them with other investments.  <response>: Do not do this!I did this when I was 18 for my parents. I didnt want to, but I was young and dumb, and hey, theyre my parents. The economy turned, and they got a bad deal. Theyll never screw me over.After about a year, when they went under, I lost everything, man. My life was in shambles for several years. When things turned shitty, I was a kid, working a minimum wage part time job. I had no money to suddenly take care of this massive financial burden. So, I got sued for rent by our apartment complex. Sued for losses. I watched my car get repossessed. They even managed to rack up several thousand dollars worth of dept on a shared phone account also in my name before things went really tits up. In short. I cannot recommend. 