About the Benbrook, Texas Area Benbrook has a strong, pro-business municipal government, excellent city services, and one of the three lowest crime rates in Tarrant County. Neighborhoods are quiet, peaceful, and friendly. Parks and recreational facilities are plentiful, and schools are excellent. Benbrook residents enjoy living close to all the cultural and sporting events happening in the Dallas/Fort Worth region, and they appreciate the affordable housing and more relaxed pace of their hometown. LOCATION On the southwest edge of Fort Worth in Tarrant County, Texas, Benbrook enjoys ease of access to surrounding urban centers, including Dallas. At the intersection of I-20 and U.S. Highway 377, Benbrook is also on the I-820, a ring road around Fort Worth. I-820 is intersected by several key interstates and highways, some of which journey east to Dallas, while others pass north, south, and west. 
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 TRANSPORTATION/AIRPORTS Benbrook is served by the Fort Worth City T Bus, which connects it to Fort Worth. The Intermodal Transportation Center in downtown Fort Worth is about ten miles from Benbrook and it acts as a hub for bus, rail, and taxi service around the entire Fort Worth/Dallas Metroplex region. Amtrak has two services out of the ITC, the “Texas Eagle” line (Chicago/San Antonio), and the “Heartland Flyer” (Fort Worth/Oklahoma City.
The Dallas/Fort Worth International Airport is less than thirty miles away, and is one of the nation’s most active, with non-stop service to over one hundred and sixty cities around the world, and can be reached by shuttle from downtown Fort Worth. The Meacham International Airport in Fort Worth offers a smaller schedule of flights. BRIEF HISTORY For over eleven-thousand years, the Benbrook area was home to massive buffalo herds and nomadic bands of Wichita, Caddo, Comanche, and Lipan Apache Indians. In the mid-eighteen-fifties, settlers from Tennessee and other southern states began to move into the area, which was first named “Peters’ Colony” after a founding member, W.S. Peters of Kentucky. A few name changes later, the community was renamed for James M. Benbrook, who moved there around 1874. Benbrook was instrumental in getting the Texas and Pacific railroad officials to build their line through the settlement. Once the railroad arrived, Benbrook began to cohere as a stop on the line. A post office opened up in 1880, and in 1884 a schoolhouse was built to serve the children from surrounding farms. By the early nineteen-twenties Benbrook had about twenty residents, and the population remained fairly constant until the end of the Second World War, when it increased dramatically. The completion of Benbrook Reservoir in the early nineteen-fifties enabled Benbrook to grow along with the entire Dallas-Fort Worth area. In 1965 the population was 3,300; it reached 9,900 by 1976 and in 1990 stood at 16,564. 
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 ABOUT EDUCATION Children attend the Benbrook Elementary School, and travel to nearby Fort Hood for further education. There are several good colleges and universities nearby. Fort Worth has the Tarrant County College, the Texas Christian University, the Southwestern Baptist Theological Seminary, and the Texas Wesleyan University. Nearby Arlington (about thirteen miles from Fort Hood) has the University Of Texas At Arlington, and Irving (about 27 miles away) has North Lake College and the University Of Dallas. Dallas has many renowned universities and colleges, including Southern Methodist University, Dallas Baptist University, The University of Texas Southwest Medical Center-Dallas, and the Art Institute of Dallas.
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Financing Your Home >ARMs
Here is a tip for those who are shopping for Adjustable Rate Mortgages (ARMs): the "margin" is almost as important as the initial rate. The margin is the percentage point above the average yields for Treasury notes on which future rate adjustments will be calculated.
Let's compare two hypothetical one-year ARMs. The first may have an initial interest rate of 7% with a 2.5 margin, while the second begins at 6 7/8% with a 2.75 margin. Both loans have rate caps of 2%. Suppose that at the end of the first year of the loan, the average of the one-year Treasury note yield has been 5 1/2%. For each loan, the lenders will add the margin to that 5 1/2% average yield. Thus the interest rate for first loan would increase from 7% to 8%, and the second would go from 6 7/8% to 8 1/4%. While the first ARM had a slightly higher initial rate, it will have lower rates in subsequent years, unless the Treasury note rates increase enough to activate the annual caps on the amount of the increase. There is a wide variance among margins in ARMs offered by competing lenders, and this should be a factor when you decide on your loan.
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Where can you find the world's largest residential palace?
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The Istana Nurul Iman, palace of the Sultan of Brunei, includes 2,152,782 square feet, 1,788 rooms, 257 bathrooms and a 110-car garage. |
See More Real Estate Trivia > |
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