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.
  A loan where your payments apply only to the interest and nothing towards the principal. There is usually a balloon payment required at the end of these loans-that i â¦ s when the principal is paid ... in full. In a traditional mortgage, the loan if fully amortized. Meaning that you pay both interest and principal. In order to lower the monthly payment, some mortgages allow you â¦ to pay only the interest. This results in a lower monthly payment, however the balance of the loan stays the same.