Millennial paying parents mortgage

[Simon Dean]

Hello, I’m new here and thank you in advance for your support. Long story short, the choices I made in life reluctantly led me back to living with my parents and I now pay their mortgage.

My name is not on the mortgage, but I’m thinking of refinancing and taking it over. I have good credit. The house is worth $614,000 and they owe about $215,000.

What would you do? For examples, refinance, take out some equity and BRRRR? House hacking? Anything and everything is welcome. Thanks.