Posted by Ed Garcia on November 07, 2000 at 21:55:40:
There is nothing wrong in asking the questions you have asked. However I would like to recommend for you to visit our How-To Articles. When you get there, check out " A Glossary Of Common Terms Used In Loans And Lending" written by Ed Wachman.
There you will find a good definition of “Hard Money”. While there, you can find other terms that you’ll need to know if you’re going to be in this business.