conversation: User (luluuxx): "Long time lurker, first time posting. My apologies if the format is incorrect and i am currently using a mobile phone to type this. Any advice is greatly appreciated.\n\n\nMy parents has offered to put 100k down payment on a house but I'm unsure as to how we should go about on the mortgage. \n\n\nA little background information: I am currently looking for a house in greater Boston, Ma at the maximum of 450k. My parents were pre-qualified for a 450k loan at 4% interest rate but this means the home will be an investment property since they already own a house. I just realized by renting the property to me will mean they will have to report the rent as income when filling for taxes. \n\n\nI have not considered having them co-sign a mortgage with me as I thought having only them on the mortgage is the best route. I've saved 50k, have a credit score of 750, and have a working history of 3 years.\n\n\nCan someone please provide advice on how we should proceed with the mortgage to avoid unnecessary taxes and complications?"
  Self: "Why can't you get the mortgage by yourself?  If you put $150k down on a $450k place with solid credit, you should be able to find someone to give you that mortgage."
  