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Robin Seguin of Oriana Financial Group of Canada
Oriana Financial is a mortgage broker firm. Through their Executive Consultants they have over 50 years of accumulated experience and knowledge in the Mortgage and Financial Services fields. Their goal is to ensure that they obtain the most competitive mortgage and/or deposit product that can be obtained through fast, professional and courteous personal service.
Oriana Financial offers a unique level of service that makes "shopping" the mortgage market easy. When ready to secure financing, be it for a purchase, refinance or switch, simply email, call, fax or visit them at one of their six locations. Oriana Financial's Executive Consultants will provide you with unbiased advice and personal consultation throughout the process.
At last week's meeting Robin began her craft talk by sharing with members a little bit about herself and how she came to be associated with Oriana Financial. Robin is the mother of 2 girls and grandmother to 2 with a third on the way! Robin started her career with Scotiabank in 1974 and after working in a number of different capacities within several Ottawa area branches, she found her passion in the early '90s when she did her first mortgage. After that she moved to head up the Scotiabank mobile mortgages team where her main capacity was serving clients who were purchasing homes from the large builders such as Richcraft, Tamarack and Phoenix Homes. To this day, she still sees some of those clients as they are on their 2nd and 3rd homes and are still her clients. In 1998, Robin made the leap to independant mortgage agent with an Ottawa firm where she was able to learn the mortgage industry inside and out while updating her education requirements, making contacts and building her referral sources. After flourishing for 10 years, Robin was approached in 2008 by the Oriana Group to open the first Ottawa office, build the business and recruit the best agents she could find.
Oriana Finanical Group of Canada is an independant, privately owned and operated Brokerage house which opened its doors in Toronto 11 years ago. After spending 25 years in the banking industry, Mike Hall, President of Oriana Financial followed his vision and opened a Brokerage in Vaughn, Ontario where he resides. Wanting a unique name for his company, he decided to name it after his Italian wife, Oriana. After all these years the company now houses over 50 agents within the Greater Toronto and Ottawa areas. The Ottawa office currently has 7 fantastic agents, 2 assistants who combined do over 130 million dollars in residential and some commercial mortgages each year.
Oriana is a one stop shop that prides themselves on looking after their client's best interests. They not only help clients purchase mortgages, but they can also help with refinancing of their current mortgage for many reasons. As consumers are realizing that they no longer have the time to shop from lender to lender to find the best deal, mortgage brokers are becoming more widely used as they do the work for you. One in 5 Canadian mortgages are now handled by mortgage agents.
The perception that mortgage brokers are only for people who have bad credit or have been declined by the bank is changing. The fact is that mortgage agents can often get you better rates with a varitey of products because they also deal with equity lenders, mortgage banks, Insurance companies and trust companies. The other misconception about mortage brokers is that there are fees associated with using their services. This is incorrect as 90% of the time the agent receives their compensation from the lender for sending them a credit worthy customer. Only in 10% of cases is there a fee applicable to the client and this is when non standard credit is involved. Robin continued on by advising about the characteristics that mortgage lenders look for in potential borrowers (The 5 C's of borrowing):
- Capacity - is your income sufficient to repay the mortgage?
- Capital - does the size of your down payment indicate a serious commitment to the property on your part and sufficient minimization of risk on the part of the lender?
- Collateral - is the property of sufficient value and marketability to cover the amount borrowed?
- Character - your reputation and reliability is usually based on factors such as education, employment history and residence.
- Credit - your history of meeting credit obligations based on your credit bureau report over the past 6 years.
If your qualifications are less than stellar in any of the above areas it doesn't mean that you can't get a mortgage, it just means that perhaps a traditional mortgage isn't for you. Contact Robin at
(613)226-2010 and let her help find the mortgage that is best for you. To find out more about Oriana Financial, their products or to fill out a application, visit their secure website at www.orianafinancial.com.
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