what the diff between hard money and seconds

Hi Everyone

what is the diff between the two , currently i am getting a second int only for 12% no points is there a benefit in using hard money over the seconds, my first mortgage is 6.875 so i did a 80%first , second for 15% totaling 95 % finicing

Thanks
everyone

Are you asking if a hard money 2nd would be more economical?

If so, in most cases they aren’t…

Regards,

Scott Miller