Question

Ken represents a buyer looking to purchase a single-family home. Ken learns that his buyer goes to church every week and thus elects to only show him properties within a few blocks of the local church. Has Ken violated any laws?

Answer 1

Answer: Straight term mortgage

Explanation: A straight loan (also known as an interest only loan or straight term mortgage) is a loan in which the borrower is only required to pay interest payments until the maturity date of the loan, when the entire principal balance is due.

Answer 2

Ken's decision to only show properties close to the local church does not necessarily violate any laws. However, it could potentially be considered discriminatory if it is based on the buyer's religion. The Fair Housing Act prohibits discrimination in the sale, rental, and financing of housing based on religion, among other protected characteristics. If it can be proven that Ken's decision was based on the buyer's religion and not a preference for proximity to the church for other reasons (such as convenience), it could be considered discriminatory and a violation of the Fair Housing Act.

Step-by-step explanation: