<prompt> Human: So heres the jist of it: my parents are trying to buy a house. 50 of their income is earned under the table. As a result, theyre having trouble getting approved for a mortgage for an amount theyd like. They havent asked but I was thinking about letting them buy the house in my name. They would of course pay the mortgage each month. Im not concerned about their ability to pay or screwing me over. I have an excellent relationship with my parents and would be happy to do it. My question is are there any factors Im completely missing out on? Any potential future problems? I only see upside as Im basically earning equity in a house without spending a dime. Any input would be greatly appreciated! Thank you in advance. Side question: are there ways for my parents to get approved for a mortgage based on bank statements deposits? They deposit the same amount every week and anyone can easily figure out their yearly income which is clearly more than what is reported on their tax returns. A few mortgage brokers Ive spoken to said its impossible. Theyd need to amend their previous tax returns. Is this true?  <response>: Horrible idea.Your parents are cruising for a bruising with an IRS audit, and when they finally get hammered theyre not going to be able to pay rent to you. Guess what happens then? Their being illegal tax cheats is going to hammer your personal life because you decided to commingle your financial lives.Dont do it.Side question: The brokers youve spoken to are correct. No tax return proving income, no mortgage. The more they try the more likely theyre going to get audited. 