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.
If you want to give a down payment gift to a relative purchasing a home with a conventional mortgage loan -- one not insured by a government agency -- there might be a limit to how much you can contribute.Typically, borrowers must use their own funds to cover at least 5 percent of the down payment.o Repayment. No matter how much money you gift someone for a down payment, there is one rule that you must follow: The money you are giving must be a gift. You can't expect the borrowers to repay you.