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.
Eligible home buyers can put down as little as 10 percent on amounts of up to $3 million â without mortgage insurance â though those loans will command a slightly higher interest rate. Other jumbo mortgage lenders, which generally make loans above Fannieâs and Freddieâs limits of $417,000, are also providing loans with slightly smaller down payments.