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.
Gifts of $13,000 or less to individuals are not subject to gift tax regulations. This means that you can give $13,000 a year to your child and another $13,000 a year to that child's partner for a total of $26,000 without having to worry about gift taxes.f 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.