You can use the house in your parents' name as collateral. Parents need to give their children a written commitment to apply for a loan with real estate as collateral and sign the loan slip. When applying for a loan, the materials to be prepared include the borrower's ID card, household registration book, proof of marital status, proof of personal income or assets, proof of loan purpose, property ownership certificate, property owner's identity certificate, written proof of consent to mortgage, etc. Houses used for mortgage loans can only be mortgaged if they meet the corresponding conditions, such as houses with a service life of less than 20 years, and houses are commercial houses, apartments, shops and office buildings.

Housing mortgage loan application conditions:

1, real estate license (the real estate license and land certificate in mortgage bank loans must be mortgaged to the bank);

2. Identity cards of creditors and spouses;

3. Household registration of creditors and spouses;

4. proof of income (this proof has a great influence on the success and maximum amount of mortgage bank loans);

5. If the holder of the real estate license has minor children, please provide a birth certificate;

6. If the property has a bank loan, please provide the original loan contract and the final bank statement.

Legal basis: Article 394 of the Civil Code of People's Republic of China (PRC).

In order to ensure the performance of the debt, if the debtor or a third party mortgages the property to the creditor without transferring the possession of the property, if the debtor fails to perform the due debt or realize the mortgage according to the agreement of the parties, the creditor has the right to be compensated in priority for the property. The debtor or the third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property that provides guarantee is the mortgaged property.