The U.S. Food and Drug Administration (FDA) is strengthening an existing label warning that non-aspirin nonsteroidal anti-inflammatory drugs (NSAIDs) increase the chance of a heart attack or stroke.
Not everyone receiving a cash gifts want to make a 20% downpayment, though. Cash gifts are also allowed for low-downpayment mortgages including the FHA purchase mortgage, which requires a 3.5% downpayment; and the Conventional 97 mortgage from Fannie Mae and Freddie Mac which requires just 3% down.
1 Mortgage Insurance-If you put less than 20% for a down payment, you may be required to have mortgage insurance and make an initial mortgage insurance payment at closing. 2  Discount Points-Sometimes, you can obtain a lower interest rate by paying points to your lender. 3  A point represents 1% of the loan amount.