Benefits to the Mentor. Build your leadership skills â It helps you develop your ability to motivate and encourage others. This can help you become a better manager, employee, and team member. This may force you to find a way to communicate more effectively as you navigate your way through the mentoring relationship.
A balloon mortgage can be an excellent option for many homebuyers. A balloon mortgage is usually rather short, with a term of 5 years to 7 years, but the payment is based on a term of 30 years.They often have a lower interest rate, and it can be easier to qualify for than a traditional 30-year-fixed mortgage.There is, however, a risk to consider. balloon mortgage is usually rather short, with a term of 5 years to 7 years, but the payment is based on a term of 30 years.
How it works. A biweekly mortgage is a variation on the traditional 30-year fixed home loan and it means you make a mortgage payment every two weeks instead of every month. This equals out to 26 payments per year.he other great benefit is that you cut down on the total amount of interest you pay on your home loan. With a $200,000 traditional 30-year fixed rate mortgage at 6 percent, you would end up paying $231,676.38 over the course of the loan.