Will i be responsible for a freinds property if she defaults.

My friend is in the process of buying a condo. She makes enough to cover the mortgage and the expenses. But on paper it doesn't seem that way because she has a home business also. She asked me to go in with her on the purchase so that she would qualify for the condo. She would pay all cost and the monthly mortgage payments. Basically she asked to use my income to help her qualify. She said I would be on the title for a year and she would remove me after. I have seen her financial records and I'm not worried about her being able to pay the mortgage.

I talked to the broker and he explain that I would basically be a co applicant for her mortgage. I asked him if my friend took me off after a year would I still be liable for the property. His answer was if she maintains the property it looks good on my credit report even if I'm not on the title anymore because my info is still on the mortgage loan. But if she defaults we are both gonna take a hit on our credit report and ratting.

I make enough to cover the expenses if she took a severe hit, My question is will I still be responsible for the mortgage if I am taken off of the title?

Thanks for you help.