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Kenneth Jones Real Estate
3601 Hulen Street, Suite 100
Fort Worth, TX 76107
Phone: 817-338-9000
Fax: 817-338-2787
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Types of Loans
  • Fixed Rate Loans—An excellent way to lock into a low interest rate for the life of your loan.

     
  • Adjustable Rate Mortgages (ARM's)—The flexible loan, with lower initial rates and payments.

     
  • Initial Fixed Rate Loan—Start with a rate generally lower than standard fixed rate loans.
30 Year Fixed Rate
Borrower Goals Loan Parameters
•  Plan to live in the property over 10 years
•  Like total payment stability
•  Interest rate & monthly payment remain the same for 30 years

15 Year Fixed Rate
Borrower Goals Loan Parameters
•  Plan on staying in property over 10-15 years
•  Want to pay off property faster than 30 years
•  Lower interest rate than 30 year loan
•  Interest rate & monthly payment remain the same for 15 years

10/1 Year semi-fixed
Borrower Goals Loan Parameters
•  Plan to live in property approximately 10 to 12 years
•  Like initial payment stability, can accept interest rate change later
•  Interest rate & monthly payment fixed for the first 10 years
•  Starting the 11th year, interest rate adjusted every year, so payment is subject to change every year for remainder of loan

7/23 (2-Step) or '30/7 + 23'
Borrower Goals Loan Parameters
•  Plan to live in property approximately 7 to 8 years
•  Can tolerate one payment adjustment
•  Interest rate & monthly payment fixed for the first 7 years
•  Conversion option: On the 8th year, interest rate adjusted to reflect prevailing fixed interest rates, resulting payment will remain the same for remainder of loan

7/1 Year semi-fixed rate
Borrower Goals Loan Parameters
•  Plan to live in property approximately 7 to 8 years
•  Like initial payment stability, can accept change later
•  Interest rate & monthly payment fixed for the first 7 years
•  Starting the 8th year, interest rate adjusted every year, so payment is subject to change every year for remainder of the loan

5/25 (2-Step) or '30/5 + 25'
Borrower Goals Loan Parameters
•  Plan to live in property approximately 5 to 6 years
•  Can tolerate one payment adjustment
•  Interest rate & monthly payment remain fixed for the first 5 years
•  Conversion option: On the 6th year, interest rate adjusted to reflect prevailing fixed interest rates, resulting payment will remain the same for remainder of loan

5/5 & 5/1 Year semi-fixed rate
Borrower Goals Loan Parameters
•  Plan to live in property approximately 5 to 6 years
•  Like initial payment stability, can accept later changes
•  Interest rate & monthly payment remain fixed for the first 5 years
•  Starting the 6th year, interest rate adjusted every 5 years(for 5/5 ARM) and every year (for 5/1 ARM)

3/3 & 3/1 Year semi-fixed
Borrower Goals Loan Parameters
•  Plan to live in property 3 years or less
•  Like initial payment stability, can accept later changes
•  Interest rate & monthly payment remain fixed for the first 3 years
•  Starting 4th year, interest rate adjusted every 3 years (for 3/3 ARM) and every year (for 3/1 ARM)

Adjustable rate loans
Borrower Goals Loan Parameters
•  Want to take advantage of lowest rate possible
•  Are willing to accept yearly payment changes OR
•  Cannot qualify at higher rate programs
•  Interest rate adjusted every year, so monthly payment is subject to change every year for entire 30 year loan term
•  Potential higher payments (at maximum interest rate)
Kenneth E. Jones Jr.
President & Broker-Owner
817.480.3333
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Mary L. Manry
Executive V.P. & Broker-Associate
817.929.3994
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J. Xavier Py
Director of Operations
817.731.8000
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Jennifer N. Morrison
Administrative Assistant
817.338.9000
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Tracy Showmaker
Certified Real Estate Appraiser
817.615.6041
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Adryana Ayala
REALTOR-ASSOCIATE® - Bilingual, ABR
817.845.5769
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Michael Bruce
REALTOR-ASSOCIATE®
817.528.7783
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Tri Goldthwaite
REALTOR-ASSOCIATE®
817.266.5501
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Joey Haddix
REALTOR-ASSOCIATE®
214.415.2432
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Steve Lord
REALTOR-ASSOCIATE®
214.799.8377
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Joe Ralph (J.R.) Martinez
REALTOR-ASSOCIATE®
682.710.2291
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Joe M. Montes
REALTOR-ASSOCIATE® & Property Manager
214.608.8280
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Sandy Opeka
REALTOR-ASSOCIATE®
817.875.6665
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Rick Park
REALTOR-ASSOCIATE® Real Estate Appraiser
817.675.9093
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Cathy Twist
REALTOR-ASSOCIATE®
817.718.5000
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Paul Young
REALTOR-ASSOCIATE®
817.714.9776
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