REM (real estate mortgage)

REM (real estate mortgage) — the standard PH instrument pledging titled property as loan collateral, annotated on the title itself. As a borrower’s tool, a REM loan typically releases ~50–70% of appraised value at near-housing-loan rates — how practitioners recycle equity out of owned property without selling (“my condo works twice: shelter and collateral”). As a buyer’s warning, an uncancelled REM annotation on a title you’re buying means the property still secures someone else’s loan — 3.8’s checklist exists partly for it.

First used in: 3.2 · The PH credit machine