How to apply for a factoring loan

Factoring is the process of securing money against outstanding accounts receivables for your company. Despite the idea out there that only businesses that are in financial trouble use factoring, it is actually a common practice for many businesses. From time to time, most every business, and especially small ones and start-ups, will find themselves short of cash while waiting for payment on a product or service already provided. What factoring does is allow you to have the money for payroll and overhead while you wait. Factoring loans are not hard to get. In fact, most businesses qualify for factoring of up to 80% of the value on outstanding accounts payable receipts. Despite the ease of them to get, there is an application process involved when using factoring with your business. Knowing how to apply for a factoring loan can make the entire process go more smoothly for you when the time comes to get your factoring loan. How it Begins The first part of how to apply for a factoring loan depends upon what institution you use for the service. If you are using an online financial institution or at least the internet as a means to contact them, you will likely be filling out a simple online application. If you are working with an institution in person, then you will fill out paper work in person instead of electronically. Either way, though, you will fill out similar information about not only your company, but also you personally. Business Part of Application When looking at how to apply for a factoring loan, you can divide the process into three parts. The first of those parts is information about your business. To fill out your factoring loan application you will need, obviously, the name of your company. You will also need to give them the “DBA” if you have one, the physical address of your business, and all other contact information including email addresses, website, and even telephone and fax numbers. From your business, you will also need to make sure you can supply your federal tax ID number and state of formation. What type of business you have in terms of what you do as well as whether your company is an LLC, corporation, partnership, or whatever else yours may be. Personal Information The next part of your factoring application will likely ask for personal information. Again, you will need to have contact information and address. They will also likely want to know what percentage of the company you own. Finally, for credit purposes, they will in almost every case ask for your social security number. Customer Information Finally, when learning how to apply for a factoring loan, you will need some client information. You will likely be asked to supply the names of at least a couple of your biggest customers whose receipts you will be factoring. Additionally, you may have to provide information about how much money’s worth of unpaid A/R you have. Knowing how to apply for a factoring loan is important so that you can have information at the ready when the time comes. You will want to have information about your company, you personally, and your clients. With all of that in hand, you will be only a few hours or days away from the factoring loans you need to keep your business running efficiently.

Student loans don t bother me. i m eccentric

"Do you really see yourself as eccentric?" asked my boss incredulously. "Yes." I replied - "Eccentric means away from the centre, which means that I don't follow all the other sheep." How it Began ------------ Probably it all began when I was in my teens and found a book that showed me the easy way to write essays. "Always think what everyone else will write and make your essay as outrageously different as you can." You can get a free eBook now on the subject from studying-techniques It was such fun being outrageous that it spread to my everyday life. Often the outrageous ideas I thought of made more sense than the conventional thinking. Soon people started to accept me as an eccentric. Immediate advantages of being a known eccentric ----------------------------------------------- * You don't offend people. Everyone shrugs and says "It's just Ian!" * You can say "no" whenever you like. * You no longer have to keep up with the Joneses. You set your own targets. How being eccentric saves on student loans ------------------------------------------ I had a pushbike instead of a car like all the other students. I didn't need student loans. I set my own standards. The Joneses didn't drive me to student loans. When I needed textbooks I bought them second-hand, but decided for myself if the book was really necessary. After all, if I read the book in the library I wouldn't have to pay for it, and student loans would be kept at bay. I'm eccentric - remember? So I don't have to follow your expensive pastimes. I chose free pastimes. No need for student loans if I keep to free. What's that? Didn't I get bored with nothing to do? Far from it! Four times in my life I've had so many pastimes that I've had to prune the list drastically. Each Saturday I joined other young folk cycling round the countryside. I usually repaired their punctures, because I had the tools and it cost me next to nothing. I toured England, Scotland and Wales during my holidays with no fuel costs at all for my pushbike, so no student loans were needed. Sports: Of course I needed some eccentric sports to keep fit, so I took up croquet, fives, table-tennis, 7-mile cross-country running, hill-walking. No need for student loans because it was all free, and so were the games that I played such as chess. Each evening I had to make time to go out with my date, so had to push through my one-hour harmonium rehearsal, and one-hour violin rehearsal, and do my homework, and play some table-tennis, and read library books, and eat . . . Fortunately none of that needed a student loan - even my date. Remember, I am eccentric, so my date had to go along with me, or find someone else. I didn't need student loans for my furniture. My boss said later that I'd furnished my entire house for less that he paid for his bed. Auction prices were so low that the main cost was in carting the stuff home. Student union? No I'm eccentric. Horse-racing pool? No I'm eccentric. Join a student protest rally? No I'm eccentric. Each time students were browbeaten into something expensive because "everyone else is doing it" they didn't even bother to ask me because I was eccentric. Far from needing student loans, I saved money from my government scholarship. Then I took holiday jobs for extra money. One day the unemployment officer showed me a job which "nobody will want". I grabbed it immediately because it sounded different. I was working alone on a farm, 6 miles from my boss and was snowed-up most of the winter so that my boss couldn't get through to me. It was there that I learned to trap rabbits, skin them, cure them, train dogs, cook, hand-milk cows, make cheese - well what else is there to do when you're snowed up? I bumped into the employment officer a couple of months later and he said "You're not still on that terrible job are you?" I hastened to reassure him that it was great. He must have thought that I was eccentric or something. Why does being eccentric avoid student loans? --------------------------------------------- * I don't mind buying seconds or second-hand from the op-shop or Salvation Army. * Anything free is great. * I'm not proud. People give me lifts in cars because I'm too eccentric to have one of my own. I used to hitch-hike before it got dangerous. People give me cast-off clothing - well only an eccentric would wear it! * Naturally I hunted for a scholarship until I found one. Everyone else may have student loans, but I'm eccentric. * "Everyone else has one" so out comes the credit card. Not me. I'm eccentric. Credit cards can charge more than one fifth of your loan per year, making them the most expensive of student loans. * Giving gifts needs more student loans. I'm eccentric. Something for 50cents from the Salvation army can make a great gift. Keep buying through the year then wrap up your treasure trove at Christmas and hand deliver to avoid paying postage. Yes - they'll all know what you're doing, but "it's just Ian" and you're eccentric, remember?

Shoot all your small cash problems with best payday loans

If the life were full of certainties then it would not be worth living. Life is uncertain and that is why anything can happen at any point in life. Everything cannot be controlled but one thing whose uncertainty can be kept in check is money and especially cash. Need for cash can come out of anywhere without any prior warnings to stop these small cash requirements from blowing out of proportion we can use the best payday loans. Payday loans are taken by people to meet the short-term cash or credit requirements that are liable to happen. Generally payday loans are taken to meet the following requirements. · To pay a medical bill · To pay the grocery bills · To pay utility bills · To pay unexpected car bill, or · Any other expenses that can suddenly come up The people who want the loans can easily apply for payday loans. What they need to do is to first estimate their need and then apply either online or to the local lender of payday loans. The loans are usually approved in 24 working hours. The repayment that has to be made in the required time, which usually ranges from a week to a fortnight with an option available to extend the loan period of up to a month. With the payday loans one can easily get a loan amount of Ј200 to Ј1500. Other features that the borrowers must know of the payday loans are. · There is very little credit check required · Almost everyone can apply for these loans no need for a security to be provided · The interest rate is slightly higher as the term of loan is small and the creditors try to maximize their earnings · Easy application · There is little or no credit check done · The financial information is kept secret. After all the required is done the borrower must make sure all things are done in order is to fulfill the following criterion. · The borrower must be at least 18 years of age · The borrower should be a UK citizen · The borrower must have regular earning of at least Ј1000 per month · The borrower must have a current checking bank account · The borrower must have a valid identity proof This makes sure that you are a borrower to whom the money can be lended without any risk bearing. Uncertainties are a part of life they would not go away if just ignored. Same is the case with problems relating to cash. It does not matter how small the problem is it must be dealt in the appropriate manner. To deal with small problems we can take the help of payday loans this can help us in a number of ways.

Self employed loans when being self employed is the impediment

Being self employed has always been associated with challenges. Is finding a loan for self employed one of them? Is it? Well with loans for self employed suffer more from lack of information rather than lack of choices. Self employed people often complain of lack of information available when it comes to loans for self employed. Lenders will always offer you choices - it is their business. The fundamental issue remains making the right choice. If you as an individual operate a business or profession as an owner or partner, is an independent contractor, independent consultant or someone in changeable employment, then you are considered self employed. Traditionally self employed loans have been associated with difficulty and high interest rates. However, with more and more people preferring work for themselves, self employed loans have become more flexible. If you are a self employed with accounts worth three or more years and a good credit record, your loan application will be processed smoothly. You will stand on the same platform with any regular salary worker. Well if you do not conform to any of the above standard, expect that you are self employed; you can still find loans. One thing that almost always goes against the self employed is that they are always negligent in filing their returns. The accounts understate the earnings of self employed. This is usually not very encouraging aspect especially while looking for loans for it cuts down the amount you can borrow as self employed loans. Self certification mortgages are a way to secure mortgage loan for those who do not have required documents. The self employed certify for themselves without any recognized proof. Terms with these self employed loans are at times strict and interest rates high. Look for interest rates that suit your budget because they are possible. Self employed loans will have down payment ranging from 20%-40%. Down payment serves to negate the risk for the lender while dealing with loans for self employed. Usually self employed people do not have a fixed income and also statistics fail to show a very promising figure about success of businesses. One out of five people shifting from employed to self employed fail. This puts self employed loans into the risk area. If a self employed is able to make substantial down payment, the loan lender will neglect any other negative aspect in the loan application. Self-employed people are typically asked for two to three years of personal and business tax statements, depending on whether the individual is a partner or a proprietor. If you are a partner then the tax statements of the company, three years of general T1 tax returns and three years of personal notices of assessments. Some lenders will approve loans by a simple letter from your accountant. Self employed borrowers often end up taking “low doc” or “no doc” loans. “Low doc” self employed loans will require very little documents for verification. While “no doc” loans, a self employed would necessitate no authentication of assets or documents. The cost for such loans for a self employed is interest rates. A home equity line of credit or HELOC is also possible for self employed. HELOC is priced at a spread to base interest rate. Credit history is generally the yardstick to what flexibility a self employed is offered with loans. This will also has an influence on loan to value ratio which is 70%-90% for self employed loans. However, those self employed who have bad credit ratings also have an option. There are lenders who will give self employed loan with poor credit. Watch out for interest rates. As you can see the choices are many for a self employed looking for loans. Because there are so many variations within self employed loans, it is advisable to search for considerable options while applying for self employed loans. Some prefer brokers to lenders to find self employed loans. However, lenders can search for online options to find the best deal. With self employed loans you won’t be penalized because you have chosen to have a certain kind of freedom – the freedom to work on your own terms.

Be self confident about your financial prospects

Introduction: Unemployed status is not a curse but it just a part of life. If today you have no job than don’t worry may be in coming few days you’ll get a good job on the basis of your qualification and experience. But the main problem is this if you wedged into any emergency during your jobless day. Then from where you’ll arrange quick money without delay. Every lender is scared about their payback of loan amount that’s why they don’t provide loans to unemployed people. But now this phenomena is changing lots of financial institution and lenders offer ‘Loans for Unemployed’. So the jobless people can also deal with their emergency and get freedom from unpredictable expenses. Features: Financial need can occur anytime, anywhere without paying heed to your unemployed status. Unemployed doesn’t mean that they have no requirements of money. Now the loan scenario is changing, whoever requires money can apply for loans without any obligations. Suppose if you are suffering from unemployed status and sudden an emergency comes and you require urgent money? This will be the most critical situation of life. But with ‘Loans for unemployed’ you can solve all your financial trouble. If you are tenants and you have no property to keep as security and require quick cash then you must apply for ‘Unemployed tenant loans’ through which you can avail fast cash without submitting any collateral. ‘Cash loans for unemployed’ is especially meant for those borrowers who require instant cash without completing any formalities. This loan process is free from all the time-consuming factors and which makes the loan process is more difficult to deal. Under this loan a borrower can acquire amount ranging Ј 1000 to Ј25,000 with the normal repayment duration of 1 to 10 years. But if this repayment term not suits you then you can contact your lender and set your own repayment term according to your convenience. But be sure about your repayment date, don’t forget. Types of loans: Loans for unemployed can be acquired in two ways: Secured Loans: Small amount of money, usually secured against the home or anything of the borrower. Its rate of interest is normal due to security. Unsecured Loans: You can acquire loans without submission of any collateral against loan. Its rate of interest is high due to lack of security. But some lenders offer reasonable rate of interest. Applying Process: An easy way to acquire these loans is through online services providers that are hassle free because you don't have to follow pages of rules and regulations to follow. You may found lots of online service provider which offer free online application. Just fill the form and submit it. Their representatives work on your loan application and verify your providing information. If the information is precise than the loan amount is credited into your within 24 hours without any delay.

Payday loans

Payday loans from our top lenders can be just what you need to get you out of a tight spot, pay for that unforeseen bill for car repairs or for anything you may need money for before payday. Subject to certain basic criteria you can have one of our payday loans approved sooner than you think and with our easy to use online application the process is quick and simple. Depending on the length of time you’ve been in your current job and your present earnings and circumstances, payday loans could be available to you from our leading lenders. You’ll also need to give us various information regarding your contact details and pay slip and bank details. We offer a fast and efficient service and our team of professionals will do their best to look after your requirements. The fees charged on payday loans will vary from one lender to another and will also depend on the amount you wish to borrow against your pay check. Payday loans are designed to give you the money you need in case of an emergency or for unplanned and unforeseen expenses and circumstances and differ from regular loans in a number of ways. The fees charged are generally higher than for the normal secured and unsecured loans, which are longer term loans paid back over a number of years. Payday loans fall due at your next pay check so they are very short term loans. Once you have filled in the application forms and our team of professionals has approved your payday loan, payment to you will take place promptly. Payday loans are due for payment immediately once you have received your pay check and are usually arranged directly through your bank account which makes the whole process quick and easy and uncomplicated. These short term loans have been developed by our leading lenders in order to help you over a time when you need it most because we understand that the last thing you want when you’re in a tight spot is to be short of cash. There is no reason why you should not have an advance of a portion of the money you will be getting with your next pay check when you really need it. Our lenders consider all cases individually and will flexibly assess your application. All you need to do is to fill in the application form, making sure to give us all the details and information we need in order to process your application and you will get an answer from us quickly. If you find that you cannot repay the short term loan on the due date then you can apply for an extension from your lender but you need to do it as soon as you can. You will be charged additional fees if you do extend the repayment date of payday loans as these loans have been specifically designed to operate over short terms only. If you find that you are having trouble meeting your monthly repayments for other loans, credit cards, store cards or bills perhaps you need to consider a longer term solution to accessing the cash you need. Debt consolidation loans are available at competitive interest rates from our lenders and could be a longer term solution if payday loans are not sufficient. You’ll also find that a debt consolidation loan will cost you a lot less in the long term.

Subprime mortgage loans understanding different credit ratings

Regardless of bad credit, you can get approved for a mortgage loan. Credit ratings vary person-to-person. A high credit rating will make you a good candidate for a prime mortgage. On the other hand, if your score falls below a traditional lender's minimum requirement, you must choose a subprime mortgage loan. How Credit Rating Affects Loan Approval Mortgage lenders are more eager to approve a loan application if your credit rating is high. Individuals with high credit scores are less likely to jeopardize their rating. Thus, late mortgage payments and foreclosures are low among this group. Those with a low credit rating may pay more for their mortgage. This includes higher finance fees, which increases mortgage payments. Each lender has different criteria for determining high credit and low credit ratings. Traditional lenders are very strict when it comes to mortgage loans. Some lenders establish high credit score minimums, which disqualifies many homebuyers. When selecting a mortgage loan, it is essential to choose a lender that specializes in loans for your credit category. What Does a Bad Credit Rating Mean? Lenders use different wording to term bad credit ratings. Some simply refer to these applicants as having a low or negative rating, whereas others assign alphabet letters. In this case, those who qualify for prime rates have A-credit and B-credit. Meanwhile, individuals with a lower score have C-credit or D-credit. Individuals with C-credit or D-credit will pay a higher interest rate for their mortgage. This is because those in this category have more credit problems. Homebuyers with C-credit have up to six 30-day late payments, three 60-day late payments, open collection accounts, and bankruptcy or foreclosure within the last twelve months. Sadly, some homebuyers have credit situations that place them in a different category. The lowest credit category is D-credit. This groups includes homebuyers with charge-offs, judgments, open collection accounts, and bankruptcy or foreclosure within the last 6 months. Getting Approved for a Mortgage Loan with Low Credit Rating Although many lenders offer subprime loans to those with C or D credit, it may be favorable to defer buying a home until credit improves. This opens the door for better rates, and lower mortgage payments. If deciding to buy a home with bad credit, shop around and compare mortgage quotes. By doing so, you can review many financing options before choosing a lender.

Understanding the pros and cons of refinancing loans

ing a loan is simply the process of paying off your current loan with a new loan plan, which has a lower interest rate. How can you negotiate to get the best borrowing rate? First, it starts with a strong credit score. You can achieve this by paying your bills on time, cutting back on borrowing and maintaining a low loan balance by as much as 30% of your limit. Moreover, by using the equity of your home in refinancing the existing loan, you gain two significant advantages. One, because you made your home the collateral, you will be able to secure a bigger loan, and second, your interest fees are tax deductible. Which of the two types of refinancing should you consider? A home equity line of credit is a form of revolving credit, wherein your credit limits are the maximum amount you are entitled to borrow at any one time. A second mortgage closed-end loan, on the other hand is a loan you where you receive all the funds once the loan contract has been signed. You repay the loan defined by a set amount over a fixed period of time. You can make a better decision on which type of credit to choose by first gathering all the information you have available to you: theterms and conditions of the home equity credit line - derived from the annual percentage rate (APR), and the costs associated for securing the loan and prepayment penalty, if there is one. Then compare this data with the second mortgage APR, including any other charges presented in the financial papers. The fees outlined below are some of the most common charges: Loan Application Fee This fee is required for the initial processing of your loan request and for checking your financial and credit history, the house’s equity, and any other information that the lending institution finds valuable. In addition, if you are not borrowing from your original lender, you will have to submit documents concerning your present mortgage. Some of these items are common documents to submit: information about your current lender, outstanding mortgage balance, amount of your monthly payment, status of your property tax and any insurance payments. Loan Origination Fees and Points. This fee is paid to the lender for evaluating and preparing your mortgage loan. A point refers to the prepaid finance charges imposed by the lender at closing to increase the lender's yield beyond the stated interest rate on the mortgage note. Escrowed Funds - funds set aside to for payment of taxes or insurance that is due. Prepayment Penalty. This is the practice of a lending institution charging the borrower for an early pay off. Always check your contract to see if the clause exists. Title Search and Insurance This is meant to ensure you are receiving a “marketable title”. You may get a price break by opting to buy a combined lender/owner policy or "reissue" policy. Finally, consider refinancing your current mortgage if the following seems applicable to you: Are the savings to be generated from refinancing the loan significant? If your mortgage’s current interest rate is at least 2 percentage points higher than the prevailing market rate, then you should avail of a refinancing loan. For this is the acceptable safety margin, in balancing the costs of refinancing your mortgage against the savings. What is considered an acceptable length of time to live in your house before you can realize significant savings? Some financial experts have determined three to five years. It doesn’t make much sense to realize 2 years into your home occupancy, and you will find a harder time finding a lender who will work with you. Remember, the safe bet to consider before you opt to refinance is to do your financial research. A little due diligence goes a long way to big savings.

Loans

The cost of borrowing money in the UK is at its lowest level for some years. Interest rates as set by the Bank of England have stabilised at a low lending rate, enabling consumers to take out loans and credit agreements that are altogether very affordable. In fact, despite personal debt reaching record levels, there is a growing feeling right across the country that people are becoming more comfortable with the level of debt they are carrying. With loans being made increasingly more accessible via the Internet and specialist loan companies more willing to consider applications from people with a bad credit history, now is the time to borrow money for those house improvements or that new car. But, given the variety of loans available, how do you go about choosing the right type of loan for your needs? Loan options What type of loan you choose rather depends on what you want to do with the money. There are loans configured by lenders for a wide range of purposes these days. So whether you want to buy a new kitchen appliance, finance the purchase of a motorcycle or buy a holiday home you can be sure that they'll be a loan designed specifically to fund it. Regardless of the type of loan you are offered you'll find that all loans are broadly separated into two categories - unsecured loans and secured loans. Unsecured loans provide consumers with the option to borrow money up to a certain limit - typically Ј25,000 - without formally committing any type of collateral to be used against the loan. A secured loan on the other hand requires collateral to be secured against the sum borrowed, and can be used to borrow anything upwards of Ј25,000. Why is collateral required for secured loans? The definition of a secured loan is that the amount lent is done so on the promise that should the borrower default on payments the lender gains legal control over the collateral on which the loan is secured in order to recover the funds lost. If you wanted to borrow Ј100,000 for instance then the loans company would require something belonging to the owner that has a minimum resale value of Ј100,000 to be used as collateral. For most people this would be their home or the equity in their home if the loan is a second mortgage or if the loans are additional to a first mortgage. Therefore, the only real limit to how much you can borrow on a secured loan is the amount of collateral you can put forward to the lender. In the event that you default on repayments on a secured loan the lender will assume legal title to your collateral and put it up for sale. Lenders of course will only want to reclaim the money owed to them, regardless of the true market value of the collateral. It is for this reason that high value items such as homes and motor vehicles can be found at discounted prices in liquidation auctions.

Instant approval personal loans guaranteed

When your financial objectives or solutions are unclear – rely on Instant Approval Personal Loans Guaranteed to help you! Instant approval loans work exactly like an unsecured loan. If you are unsure about backing up your collateral with your loan, unsecured loan option is the right one for you. Financial consultants at financial management companies will help you with bespoke solutions for your needs. They will help clarify your objectives and financial goals and at the same time clear your doubts. There are various online options for individuals who are seeking financial management solutions. Avail cash immediately, with no risk undertaken and no collateral at stake. Develop Your Personal Budget Today and plan wisely. Your personal budget, helps document your monthly income and outgoings. A personal budget goes a long way in stabilizing your finances and putting your finances back in track. Advisors of Immediate Approval Loans for guarantee will help clear your doubts. Avail Instant Approval Personal Loans Guaranteed and avoid getting into debts: • Plan your spending in advance • Know where your money goes • Reduce your outgoings or save money • Stay within your credit limits You can avail the services of various leading independent corporate finance companies who will offer you immediate approval loans. They offer help to both start up an established business in order to accomplish their goals and assist them with financial management. Strategic corporate finance decisions and finance management techniques to enhance value and minimize financial risk is their forte. Instant approval loans with no credit check, helps in purchase of car, pursue higher studies, improve your home or fund a vacation tour. The online process is hassle free, free of cost and requires least documentation. Instant approval bad credit loans offer a chance to regain a healthy credit status. Get started with your instant approval bad credit loans. Non secured loans with ccj, comes with no risk undertaken. You are at liberty to use it the way you want to and stay away from risking your collateral. Pay back your immediate approval loan with easy installments and take no risk. Set a spending limit and do not exceed this limit. If possible, pay off the balance each month. This way, you avoid accumulating unnecessary debts. However, you have to be careful in selecting any of the online options for credit cards and loans for bad credit because a wrong selection of Credit cards for bad credit could land you in a bigger financial mess. So with due care taken and some research online, you can reach out to the best financial option.

Home mortgage loans for people with bad credit finding the best low rate

Getting a low rate mortgage with a negative credit rating is challenging. When people finance a home, obtaining a good finance package is a top concern - and for good reason. The mortgage rate received on a loan may significantly increase or decrease a monthly mortgage payment. If you have good credit, getting the best low rate is simple. However, if you have bad credit, you may have to exert a little energy and search for a good rate. Compare and Contrast Mortgage Rates and Terms Smart buyers will stress the importance of shopping around for the best deal. This rule applies to any purchase - cars, clothes, shoes, etc. Homes are our biggest expense. Unfortunately, many home buyers do not devote much time to searching for the best financing package. This is a big mistake. When shopping for a mortgage, it is important to get quotes from several lenders and carefully review their offers. Those who are eager to buy a home make the mistake of accepting the first offer. However, comparing mortgage rates, terms, and services may save you thousands, and in effect lower your mortgage payment. Apply for Loan with a Sub Prime Lender Many financial institutions specialize in home mortgage loans. These include banks, mortgage companies, credit unions, etc. If you have good credit, you may be able to obtain a low rate mortgage using these financial institutions. However, if you have bad credit, these lenders may charge you additional fees and an extremely high rate. Because of your bad credit status, you are more likely to default on the mortgage. Thus, lenders increase the interest rate. This allows them to recoup their money sooner. If you were to acquire a loan using a sub prime lender, your interest rate may be comparable to current market rates. You can expect to pay about one or two points higher than a person with great credit, however, you avoid paying an interest rate three points or more above current rates. Working with an online mortgage broker is the best way to locate a reputable sub prime lender. Based on information provided on your application, brokers will match you with a lender who specializes in mortgages that fit your circumstances.