<prompt> Human: My parents dropped a bomb on me last night. They told me that they wanted to put my name on the mortgage though they would keep paying it off. Theres about 160k left on the mortgage and theyre paying 4k a month. Im not sure how to handle this but they seemed very upset when I said I wanted to take some time to think about it. I hate to disappoint my parents but I am a very rational and logical person and Im not comfortable making this decision uninformed. What do I need to consider before I give them the okay? I am 26 and am making 60k a year.Edit: To add a little more backstory to this. My dad also owns a business which Im certain is having issues. Their reasoning is that since my dads name is tied to both his business and the house that wed lose the house if anything happens to his business. By transferring the mortgage to me, my sister, and my mom we dont have to worry about losing the house if his business does end up not pulling through.  <response>: It sounds like your dad is trying to commit fraud. This will not protect the house in case his business goes south and his creditors come knocking. Any court will see right through the attempt to hide his assets.You would be stupid to do this. 