Hard Money Loans are short-term real estate loans that are asset-based, meaning they are approved based on the value of the property rather than credit scores or debt-to-income ratios.

Short-Term Loans, also known as Hard Money Loans, are based on the asset's value and have quick approvals with competitive rates. Long-Term Loans, on the other hand, consider credit scores and Debt Service Coverage Ratio (DSCR) for rental properties.