Connolly Capital Mortgage Solutions
1 Hurontario St. #220 L5G0A3 Mississauga, ON, Canada

New things are happening here at Connolly Capital and we are excited to share the news with you! As of recently, we have moved on from Mortgage Intelligence and would like to give a sincere thank you to the Mortgage Intelligence team for all the support and time spent together. Today we have officially joined the Axiom Mortgage team, and we are thrilled to join this group of astounding professionals from all across Canada. Thank you to Axiom for a very warm welcome! We are excited for this next chapter and to be a part of the team.

We value the opinion of our clients and are so grateful for all their kind words

Were thrilled to officially welcome Sean Clearihue to the Connolly Capital team! Sean joins us with eight years of experience working at TD Bank, where his last four years were focused on residential secured lending. His expertise and passion for the industry makes him a great addition to the team He is also an avid Toronto sports fan Welcome, Sean!

Thank you for your review Darlene. We are always happy to help!

https://www.mortgagebrokernews.ca//almost-half-a-million-m According to CBA, the country's six largest banks have deferred more than 10% of the mortgages in their portfolio, allowing affected Canadians to increase their cash flow by roughly $663 million per month given an average monthly mortgage payment of $1,326." From our client experiences, the process has been very straight forward. Thank you to the Big 5 Banks for stepping up!

We are doing our part in helping small businesses in the Port Credit area during this challenging time. If you are driving your significant other crazy during quarantine, we recommend speaking to Mona Abdul at Stavebank Florist, she is the best in the business!

https://www.mortgagebrokernews.ca//big-six-banks-cut-prime *Please contact us if you have any questions at [email protected] or phone (905) 491 3805

The overnight rate is now down to 0.25%. Stay tuned to find out if lenders/banks will also drop their Prime Lending rate. This will benefit clients with existing variable rate mortgages and products.

To anyone one with questions on the mortgage/real estate market, please watch my latest video. Due the dramatic changes over the last 30 days, my mortgage "minute" is in the form of a power point presentation. Here I discuss turn around times, lender policies, rates, changes to the stress test and mortgage payment deferrals. Please do not hesitate to ask me any questions - [email protected] , www.connollycapital.ca https://www.youtube.com/embed/cjpxD5Sk6_0

For any clients looking to inquire about mortgage payment deferrals , we have provided the contact numbers for some of our lending partners. Wish you all the best through this difficult time. For any additional inquires, please do not hesitate to contact us at 905-491-3805

Happy St Patrick's Day! Remember to wash your hands, stay safe and enjoy celebrating at home!

Crazy times in the mortgage market. Bank of Canada has dropped their overnight rate by another 50 Basis Points. If you have any questions on the impacts, please give Matthew a call - 416 708 2562

As of yesterday (March 5th 2020) many Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent. This is good news for anyone with a variable rate mortgage or a line of credit. For further information contact us at (905) 491-3805 https://www.thestar.com//royal-bank-matches-bank-of-canada

We value our clients experience when working with our team. Thank you Cory and Lisa for your reviews!

https://www.cbc.ca//busine/mortgage-stress-test-1.5467330 A new stress test has been unveiled for insured mortgages effective April 6, 2020. The new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2%. The new 5 year median rate is yet to be set by Office of the Superintendent of Financial Institutions (OFSI). More information to follow if there will be a change to the uninsured stress testing benchmark

In our new mortgage minute, Matthew briefly discusses what the real estate market has in store for 2020

We had a great time sponsoring the annual Remax Enterprises/Specialists golf tournament for #LaylasMiracle

Thank you @lacerdaevelynrealtor!!

Thanks! Marianne D.