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.
Your first mortgage will cover 80% of the home value, your second mortgage will cover 15%, and youâll be on the hook for that last 5% as a downpayment. If you have 15% of the home value to put down, youâll need an 80/5/15 loan. You get the picture.