Can I be added to my moms loan?

[Layla Steinwald]

Hi everyone and thank you in advance for your help.

I live on the same property as my parents and there is a lot of equity in their home and I am trying to assist them with investing that money to increase their passive income. Because of their limited (and declining) income they will probably not qualify to refinance and take advantage of that equity down the road. The benefit of the house currently staying under their name is that the property taxes are greatly reduced because of their age (we live in an area with incredibly high property taxes). So I was wondering if this option is even possible or makes sense - can I be added to their loan? Because then my income will be taken into account when trying to refinance or access a HELOC but then we would also have the benefit of keeping our property taxes where they are. I know very little about this process so thank you for your time and patience.