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.
Why it's riskier to make a large down payment than a small one. A down payment is the amount of cash you put toward the purchase of a home. It is expressed as a percentage. For instance, $40,000 down on a home costing $200,000 is equal to a 20% down payment. Loan programs today allow you to choose almost any down payment you would like â even 0%.