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.
Put together your down payment. On traditional loans, according to Velt's report, you might need to put down 20 to 30 percent. With an FHA loan, just 3.5 percent of the home's value is required. Unlike a conventional loan, this money can be a gift from family or a charity.f you default on an FHA loan, the government pays your lender. Thanks in part to this guarantee, the requirements for an FHA loan are less stringent than for a conventional mortgage. There are several requirements to consider, however, before you apply.