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.
The Federal Housing Administration allows 100% gift of equity from the donor to a relative. However, on conventional mortgage loan programs, the mortgage lender wants to see that the person receiving the gift to have 5% of their own funds for the down payment of the gift of equity home purchase.