Our presenter this week was John Couture, a Mobile Mortgage Specialist with Royal Bank. He had us do a friendly competition that involved the group going head to head with one another and answer some tricky questions.

Here are two of the questions he gave us. Don’t peak until you’ve answered the question!

Question: What is the minimum down payment required to buy a home you wish to live in, and what is the minimum if you want to avoid default insurance (aka CMHC) fees?

Answer: 5% minimum, 20% to avoid additional fees

Question: What is the minimum downpayment required to buy a home you wish to live in, and what is the minimum if you want to avoid default insurance (aka CMHC) fees?

Answer: 5% minimum, 20% to avoid additional fees

 If you want to learning more about John and pick his brain, shoot him an email .

John Couture | Mobile Mortgage Specialist | Royal Bank of Canada |

Follow on Twitter @RBCMortgages and Facebook page at www.facebook.com/rbcjohncouture