Resi Renew/Restart

Renew/Restart Home Loan

The tick the box mentality of many major lenders leaves too many Australians underserved by mortgage providers. As a non-bank lender, we have a different perspective. Life is full of twists and turns, and we appreciate that your personal circumstances may vary. 

Renew/Restart home loans are designed to meet the needs of those who may not fit traditional lending criteria, who require a loan solution that suits their individual circumstances. 

We understand that everyone’s situation is unique, so we assess loan applications using common sense and with a can-do attitude of working with your needs, not against them. Your application is assessed using human intelligence, not just computers. We take a personal approach to reviewing your situation to make sure you’re not just another form in our system.

Whatever your circumstances, Renew/Restart can potentially provide you with a home loan option to suit:

  • Where borrowers fail to meet lenders’ mortgage insurance requirements.
  • Borrowers wanting to use alternative forms of income documentation.
  • Borrowers with impaired credit history considered.
  • Low Credit Scores
  • Business Purpose or Payout of ATO Tax Debt.

Target Market Determination

Loan Features

  • Variable & Fixed rates
  • We look beyond the credit score
  • Borrow up to 95% of the property Value
  • Consolidate unlimited debts and improve cash flow
  • Flexible approach to credit impairment including prior bankruptcies
  • Construction Available
  • Apply with mortgage Arrears
More loan features
  • Visa Debit Card
  • 100% interest offset sub-account
  • Free online Redraw

Get your dreams off the ground...

Buying a home is more than a milestone – it’s the great Aussie dream.  Whether you’re a first time buyer or a seasoned property investor, we’ll help you make it a reality.

Asked Questions!

What is Mortgage Insurance and do I need it?

Lenders Mortgage Insurance (LMI) is insurance that a lender takes out to insure itself against the risk of not recovering the outstanding loan balance if you, the borrower, are unable to meet your loan payments and the property is sold for less than the outstanding loan balance. LMI may be required if your home loan deposit is less than 20% of your property's 'lender-assessed value'.

What is an LVR?

The Loan-to-Value Ratio (LVR) is the amount you're borrowing, represented as a percentage of the value of the property you’re buying. The bigger your deposit, the lower the LVR will be.

What is a risk fee?

A risk fee is a one-off fee that's designed to protect the lender in the case of applications that are higher risk. Your application might be considered high risk because you don't have enough documentation to prove your income, or you have a low credit score.

What is a comparison rate?

A comparison rate includes the interest rate as well as certain fees and charges relating to a loan. The aim of the comparison rate is to help you identify the true cost of a loan and compare loans and services offered by financial institutions and mortgage providers.