Children can use their own provident funds to help their parents pay off their mortgages.

According to relevant regulations, children can use their own housing provident funds to help their parents repay their mortgages under certain conditions. If a child lives with his or her parents and buys an ordinary self-occupied house, the parents can withdraw the balance of their provident fund account for their children's mortgage repayments. In addition, if the children's household registration is in the same household registration as their parents, they can also be the co-borrowers of the housing provident fund and use the provident fund for repayment. However, it should be noted that parents are generally not allowed to use their children's provident fund loans to buy a house, because this may be suspected of cashing out the provident fund and may not be approved by the relevant departments. When using provident funds to help parents repay mortgages, you should consult the local housing provident fund management center to learn about specific policies and operating procedures.

Provisions for the use of provident funds:

1. Basic purpose: used for employees to purchase, construct, renovate, and overhaul their own houses;

2. Withdrawal conditions: Including buying a house, renting a house, repaying a loan, retiring, settling abroad, etc.;

3. Withdrawal process: Relevant certification materials need to be submitted, and the withdrawal can only be made after being reviewed by the unit and provident fund management center;

4. Withdrawal restrictions: The withdrawal amount is usually limited by the account balance and housing situation;

5. Tax impact: The withdrawal and use of provident funds must comply with tax regulations to avoid affecting personal income tax;

6. Use in other places: Some areas support the withdrawal or use of provident fund loans for house purchases in other places;

7. Use by family members: Some areas allow family members to use provident funds for each other, but they must comply with local policies.

In summary, children can use their own housing provident funds to help their parents repay their mortgages in accordance with relevant regulations, but they should be aware that they cannot use their children’s provident fund loans to purchase a house. They should consult the local housing provident fund management center for specific policies and operations. process.

Legal basis:

"Regulations on the Administration of Housing Provident Fund"

Article 26

Employees who contribute to the housing provident fund shall When purchasing, constructing, renovating or overhauling a self-occupied house, you can apply for a housing provident fund loan from the Housing Provident Fund Management Center. The Housing Provident Fund Management Center shall make a decision on whether to grant a loan or not within 15 days from the date of accepting the application, and notify the applicant; if the loan is granted, the entrusted bank shall handle the loan procedures. The risks of housing provident fund loans are borne by the housing provident fund management center.