Estonian (Toronto) Credit Union Ltd.

Fixed terms are available for 1-year open and 1 to 5-year closed terms. Our 1-year open mortgage term allows for extra or larger payments to be made to the principal at any time during the year. We also offer variable rate mortgages.

First time borrowers with us, including mortgage transfers from other financial institutions, are eligible for a special discounted rate!

We offer a free appraisal.

A homeowner may also qualify for a CMHC or GENWORTH Insured Mortgage with as little as a 0% down payment.

Payment structures are flexible, based on your needs and your ability to repay.

For those wishing to pay down their principal faster, we are one of the few financial institutions to offer simple interest mortgages as an alternative. For more detailed information, contact our loan department or visit our web-site.

We suggest you speak to our loan department personnel
to discuss your options and to arrange a mortgage pre-approval!

Talk to us before you buy,
so that we can be ready to assist you!

The Home Equity Line of Credit provides ready access to low cost funds to those who have significant equity in their home. The ability to instantaneously access these funds may serve as a security blanket when dealing with unexpected expenses.

The Home Equity Line of Credit is secured by a collateral mortgage on the home. The minimum payment can be as little as interest only and advances may be paid off at any time without penalty.

Reverse Mortgages are designed for seniors who already own their home and want to remain there, but would like to use some of the equity of this asset.

The reverse mortgage is operated as an available line of credit. No payments are required until the conclusion of the loan term.

The ETCU offers Commercial Mortgages which are secured by first mortgages on commercial properties.

Call our loan department for more information.

Title insurance is unlike any other kind of insurance. It is not home insurance, which protects the contents of the house or the structure; it is an insured statement of the condition to the title of the property at the time the policy is issued. Title insurance provides protection against issues like survey defects, unpaid liens, encroachment issues, construction liens, defects in title, costs arising from building code violations, as well as real estate title fraud.

Title insurance protects new and existing homeowners, commercial property owners and lenders against losses as a result of title defects and claims against a property not uncovered in a title search. Title insurance provides protection against issues like unpaid liens, encroachment issues, construction liens, defects in title, costs arising from building code violations, as well as real estate title fraud. The Consumers Council of Canada (CCC) recommends the purchase of title insurance for both new homebuyers and existing homeowners.

What is Identity Theft?
Title fraud often involves identity theft. According to the Office of the Privacy Commissioner of Canada, identity theft is the unauthorized collection and use of your personal information, usually for criminal purposes.

Mortgages

First Mortgages
Fixed terms are available for 1-year open and 1 to 5-year closed terms. Our 1-year open mortgage term allows for extra or larger payments to be made to the principal at any time during the year. We also offer variable rate mortgages.	First time borrowers with us, including mortgage transfers from other financial institutions, are eligible for a special discounted rate!
We offer a free appraisal. A homeowner may also qualify for a CMHC or GENWORTH Insured Mortgage with as little as a 0% down payment.
Payment structures are flexible, based on your needs and your ability to repay.	For those wishing to pay down their principal faster, we are one of the few financial institutions to offer simple interest mortgages as an alternative. For more detailed information, contact our loan department or visit our web-site.
We suggest you speak to our loan department personnel to discuss your options and to arrange a mortgage pre-approval!
Talk to us before you buy, so that we can be ready to assist you!

Home Equity Line of Credit
The Home Equity Line of Credit provides ready access to low cost funds to those who have significant equity in their home. The ability to instantaneously access these funds may serve as a security blanket when dealing with unexpected expenses.	The Home Equity Line of Credit is secured by a collateral mortgage on the home. The minimum payment can be as little as interest only and advances may be paid off at any time without penalty.

Reverse Mortgages	Commercial Mortgages
Reverse Mortgages are designed for seniors who already own their home and want to remain there, but would like to use some of the equity of this asset. The reverse mortgage is operated as an available line of credit. No payments are required until the conclusion of the loan term.	The ETCU offers Commercial Mortgages which are secured by first mortgages on commercial properties. Call our loan department for more information.

Title Insurance
Title insurance is unlike any other kind of insurance. It is not home insurance, which protects the contents of the house or the structure; it is an insured statement of the condition to the title of the property at the time the policy is issued. Title insurance provides protection against issues like survey defects, unpaid liens, encroachment issues, construction liens, defects in title, costs arising from building code violations, as well as real estate title fraud. The incidence of real estate title fraud in Canada continues to be on the rise. In spite of recent changes to legislation in Ontario, this type of fraud can have devastating personal and financial effects on its victims, all of which can be prevented with title insurance. As your trusted advisor, we are taking a proactive approach with our members to help protect you from the devastating effects of real estate title fraud. How does real estate title fraud occur? When real estate title fraud happens, a fraudster has typically done the following: • Forged the property transfer/deed; • Registered the title in his or her name; • Forged a discharge of the home’s existing mortgage; and • Borrowed against the clear title. Real estate title fraud is when someone could make a claim against a homeowner’s ownership of the property. Here is one of many stories that illustrate how title insurance can protect you. Situation Real estate title fraud is widespread across Canada. Real estate industry insiders estimate the average case of real estate fraud at $300,000. In comparison, the RCMP estimates the average credit card fraud case in Canada to be $1,200. Industry insiders also estimate that real estate title fraud costs Canadians between $300 million and $1.5 billion each year. If real estate title fraud occurs, the onus is on the homeowner to prove the crime and it can be very costly, financially and emotionally, to restore title. However, despite the rise in title fraud, and a booming real estate market that is pushing housing prices to all-time highs in many communities across the country, a survey commissioned by First Canadian Title in 2005 suggests that one in three Canadian homeowners has no knowledge of one of the most important ways to protect their biggest investment – title insurance.		The Solution Title insurance protects new and existing homeowners, commercial property owners and lenders against losses as a result of title defects and claims against a property not uncovered in a title search. Title insurance provides protection against issues like unpaid liens, encroachment issues, construction liens, defects in title, costs arising from building code violations, as well as real estate title fraud. The Consumers Council of Canada (CCC) recommends the purchase of title insurance for both new homebuyers and existing homeowners. For a one-time premium, title insurance is the most effective and inexpensive way to insure your property. Title insurance covers all legal expenses related to restoring title and is also available to existing homeowners long after they have purchased their properties. What is Identity Theft? Title fraud often involves identity theft. According to the Office of the Privacy Commissioner of Canada, identity theft is the unauthorized collection and use of your personal information, usually for criminal purposes. If it falls into the wrong hands, a fraudster can use your personal information to: • Open credit card and bank accounts; • Redirect your mail; • Secure employment; or • Ruin your credit history. The title insurance package being offered includes a one-time premium for identity theft coverage, which will protect you from the effects of identity theft. To find out more about title insurance and identity theft protection for you and your largest investment, please contact your branch or to order a policy click here. Please note that if you order a policy, the fee will be deducted from your Credit Union account. Please ensure that your account contains sufficient funds. Contact your branch for more details. Copyright © 2006 FCT Insurance Company Ltd. All rights reserved Source: www.protectyourtitle.com


	SITE MAP PRIVACY LEGAL

	Copyright © 2004 Estonian (Toronto) Credit Union Limited. 958 Broadview Ave. Toronto ON M4K 2R6 (416)465-4659 estonian.info@estoniancu.com