Non-Conforming Loan
A non-conforming loan refers to a type of loan that does
not meet bank standards for funding.
Reasons can be as diverse as lack of sufficient credit to the unorthodox nature
of the use of funds or the collateral backing it.
The flexibility of private money
(of which hard money is a niche market) can allow for a much wider range of projects
to be funded, although additional collateral and documentation may be required by
the lender.
Notary Public
A public officer who is authorized by the state government through a certification
process to witness and verify certain documents (i.e., contracts, deeds, mortgages).
Official affidavits may be sworn before a notary public.
