hard money Lending..

[Tyree Edward]

Hi my name is Tyree,

Im really curious as to how hard money,and conventional loans work. I spoke with a lender last week and he is telling me, that my credit checked out ok and i can apply for FHA 203 loan. Meaning i can borrow the money and rehab money combined into one loan. Then im reading info about high interest rates with hard money, i guess im trying to find the right answer for me to do my, first deal.

Please help! newbie..

Thanks

Ty