Telephone systems are the basic requirements of all the business organizations. Most of the people find it very difficult to choose between analog and digital systems. In order to remove the confusion, one must be aware of the features and advantages of these telephone systems to choose the best one.Your business telephone system must coordinate the kind of organization that you run. The system must meet all the needs and requirements of your business. Therefore, it is very important that consider all the important things which can help you in making the right decision about it.The Difference Between Analog And Digital Telephone Systems First of all, we are going to take a closer look at all the basic differences of analog and digital systems. Analog telephone systems are known for supporting the business for last many decades. They contain all those features which can be found in the telephone systems found in homes. They contain the features of redial, hold, mute and speed dial too. All the analog telephone systems are fast, reliable and are considered better to be used in all the environments. Some of the analog phone systems also incorporate the features of call extensions too. The sad news is that their feature end here. They are just capable of providing this limited amount of features to the users.It is also important to know that all the analog systems are inexpensive to be purchased because of their simplicity. They are considered very well in the short-term use; however, if you want to gain long-term benefits out of them, then you will have to integrate further advanced features which are going to cost you a lot of money.On the other hand, when it comes to digital telephone systems, they are more modern and incorporate a lot of modern and advanced features to provide extended benefits to its users. They have built-in capabilities to incorporate more features in them. It means that you do not have to do much effort in making them advanced.Digital telephone systems incorporate the features of music on hold, VOIP Integration, alarm systems and many other such features that make them worth to be invested in for organizational use.No matter if the telephone system contains protocol or propriety hardware, the digital phone system offers the feature of IP interface to the users. With the help of the IP interface feature, the user if allowed to send unified messaging in the form of voice mail, fax or email. This kind of system is termed as hybrid PBXs. This system also possesses the capability to be integrated with your call centre and sales software as well so you can take the most benefits out of it.In Small Businesses As small businesses cannot afford the greater cost; therefore, they prefer investing in a low-cost system. Analog systems are considered perfect by them to be used as they offer low cost to them. However, it is also a fact that both analog and digital systems require professional installation.If you have a small business and you want to purchase a new telephone system, then it would be good if you carry out significant research regarding it. The system integration task is basically the main responsibility for IT professional in an organization.On the other hand, the best option is to integrate analog with digital to get benefited by their combine features. If your needs are simple, then the analog system would be best and if you require advanced features, then opt to choose a digital system for your firm.
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Education Meaning
Education is the term used to refer to learning by which knowledge, belief and habits as well as skills and values of one group of people is passed to another, from generation to generation through various aspects such as discussion, storytelling, teaching and training. It not only denotes the ‘formal transmission’ through these factors to a group of people but also ‘informal transmission’ from one person to another.It is the system where learning takes place under the guidance of teachers and tutors; in the same way, those who teach can also educate themselves further. This is called ‘autodidactic learning’.Education can also be used to denote ‘the knowledge gained from an experience that has an impacted effect on a person’s beliefs, thoughts, feelings and actions’.The word ‘education’ has its origin from the Latin word ‘educatio’ used to refer to ‘a bringing up’. Broadly, ‘educo’ relates to the meaning “I train, I educate”; ‘educo’ itself is the combination of ‘e’ (from) and ‘duco’ (I conduct).The ‘right to education’ is a fundamental right accorded to the citizens of many governments worldwide. The United Nations’ International Covenant on Economic, Social and Cultural Rights endorses and recognizes the right to education for all the citizens. In most countries, education is compulsory for children up to a certain age. In developed and developing countries, formal education is that where children go to school to learn from qualified and skilled teachers. More often these days, school attendance is not always compulsory and that leads many parents to ‘home school’ or ‘home tutor’ their children with the assistance of either private teachers or through methods involving e-learning, which is the use of electronic material and technology to learn. This is a kind of informal learning.The ‘art and science’ of education, which translates into ‘how best to teach’ is called Pedagogy. At school level, education is categorized into stages like preschool, primary, secondary, higher or tertiary etc while beyond school higher education is slotted into college and university and/or apprenticeship.History of EducationIn ancient history, there is the reference of the ‘Academy’ founded by Plato in Athens before 300 BC. The city of Alexandria, founded in 330 BC surpassed Athens as the ‘cradle of intellect’ in ancient Greece. The Library of Alexandria, a historical monument contained translations of the Bible from Hebrew to Greek under the patronage of mathematicians and astronomers like Euclid and Herophilus. The supremacy of the earliest European civilizations came to an end when the Roman Empire declined in 476 AD.The focus then shifted eastward with the Chinese philosopher-scholar Confucius whose outlook on education and reforms influenced many south-east Asian nations like Korea, Japan and Vietnam. His teachings and discussions were recorded by his followers and his philosophies continue to exert influence to this day in many parts of Asia. In India, for instance, the gurukul tradition of teaching and learning where a teacher or trainer taught knowledge and skills to his ‘wards’ by living and training with the master in a community set up has continued in some form to this day at institutes and schools where fine arts, music and dance forms are taught.In various regions around the world, adults of one generation trained the young of the following one in the knowledge, values and skills through oral teaching and through imitation prior to the birth of literary societies and skill sets. As cultures flourished, a system of formal education appeared to impart knowledge and skills; there is evidence of the presence of schools in Egypt in ancient days.The Early Middle Ages saw the rise of the Catholic Church as the preserver of literary teaching and skills; many medieval universities of Christendom across Europe encourage freedom of thought, speech and enquiry producing a vast number of fine philosophers and scholars. Among the oldest continually operating universities of Europe, the University of Bologne is considered the first and the finest.With the advent of the printing press in its earliest form, literary works of art and education flourished and spread more quickly through the continents. Missionaries and scholars, particularly the Jesuits played a significant role in the transmission of knowledge from Europe to Asia.
Home Equity Loans in Texas
A few notes of importance:
This only applies to a homestead property, that is the customers primary residence
LTV refers to Loan to Value, meaning the loan amount as compared to the value of the home. As an example, a loan of $75,000 on a home valued at $100,000 would be a loan at 75% LTV.
These specifics only apply to Texas cash out loans in the State of Texas – obvious, but I had to put it in here.
Although the actual Texas Cash Out Laws in Texas have not had any “major” modifications in the last few years, there have been minor adjustments made, that does not mean that future changes will not occur.
Essential InformationFirst, and foremost, I will highlight some of the most important points of Texas Cash Out loans:
A person can only have one homestead propety
Any Texas Cash Out loan is limited to a maximum of 80% LTV
Only one Texas Cash Out Loan may be given in any 12 month period
A 12 day “cooling off period” , known as the 12 day letter, is required on every transaction
A maximum of 3% of the loan amount can be charged to the customer which includes all closing costs
Once a Home Equity loan is taken on a persons homestead, all transactions following from that point on (with the exception of the sale of the property) are considered Texas Cash Out loans.
In regards to the last point, just to further clarify, even if you are refinancing the balance of a current Cash Out loan and not getting any new cash out, it is still considered a Texas Cash Out loan. The rule is quite simple, once a cash out, always a cash out loan.
Every owner of the property must given the HUD-1 settlement statement for review at least 24 hours prior to closing your loan
The ProcessThe process of obtaining a Texas Cash Out loan is really only slightly different than a home equity loan or refinance loan in any other state. Yes, the documentation and requirements are different, but the process itself is very similar.Before applying to obtain a cash out loan in Texas, you have to realize that you are limited, by State Law, to a maximum of 80% LTV for the new loan. So, if your house is worth (appraised value) of $200,000, then the maximum loan you can get, including any/all closing costs involved is $160,000. So, if you currently owe more than $160k on your current mortgage on the house, you wiil not be able to obtain a home equity loan in Texas. I only say this to save you some time and effort if it is your desire to get cash out or obtain a debt consolidation loan on your homestead property. You can also use this figure to estimate as to how much cash will be available to you from your new loan as a maximum amount.You can also expect that your options will be more limited than if you were looking to simply do a rate/term refinance (refinance the balance of an existing loan) or purchase a home. Your options are more limited because not all lenders will do Texas Cash Out loans. The reasons are a combination of them not willing to adjust to the more stringent documentation requirements of the Texas Home Equity loan, some are simply because they believe the documentation and legal restrictions are simply too much of an additional burden on them to offer these types of loans. Understand that while the process itself is not that different from the consumer stand point, from a lenders stand point the differences are more unique and do require the lenders to essentially have a separate set of documents and, most likely, additional staffing just to manage and keep up with any/all changes to Texas Law regarding these loans.The application process will be essentially the same as any other mortgage loan. You contact your mortgage broker or one or more mortgage lenders, give them your information and you are on your way. Once your applciation and credit have been evaluated, you will, as in any other mortgage transaction, receive a Good Faith Estimate and Truth in Lending within 3 days of you giving your information on an application. This can be used to compare your offers and to help you make an educated decision as to which lender/broker to go with. Once you have made the decision as to which company you will use, you will then be sent a disclosure package which will contain initial RESPA disclosures, other state required forms, lender required forms, and a list of items that you will need to provide along with these documents in order to get your loan completed. I have another section for disclosures (posting to be completed shortly), so I won’t go into the specific disclosures other than the ones that apply strictly to Texas Cash Out loans.You can expect your loan to take longer than a standard mortgage loan. The reason is that Texas Law requires a 12 day cooling off period, so, your transaction cannot take place for at least 12 days after you sign that document which essentially states your rights as a consumer. In most cases, the delay may only be a couple of days as during that time period the normal other items can be taken care of simultaneously, ie., the appraisal, preliminary title report, and the gathering of the required documents from you, the consumer. I am simply saying that if you are anticipating your loan to done inside of two weeks, then you know now, that it is simply not possible.Once your documents are in the hands of the company you chose, and the appraisal and title work are done, then the loan is underwritten and final approval is given as in any other mortgage transaction. At this time, there may be some outstanding conditions, or other documentation that may be required to be provided due to individual circumstances and/or is something was simply left out or missing from your file. Once those documents are provided, and your loan is cleared of all pending conditions or documentation, then the closing time/date is set and your documents are sent to the title company which prepares the documents for closing.One item of note here, Texas Cash Out loans are required to be closed at a title company location, they cannot be closed in the customer’s home as some mortgage transactions are. This is strictly forbidden by Texas Home Equity Lending Laws, so don’t expect anyone to come to your home out of convience for you to close your loan, it just won’t happen in Texas.Additionally, once your closing is set, it is a requirement that each owner of the property be given the HUD-1 settlement statement at least 24 hours prior to closing the loan. If any changes are made to the settlement statement before closing, then another 24 hours must be allowed before closing the loan, again, this is not optional. The reality is, in my opinion, this is actually a very good thing and one of the better laws that Texas has pertaining to home equity lending.The fact that the consumer gets to see the actual HUD-1 settlement statement a day before the loan closing gives them the opportunity to ask questions and to make certain that everything is correct OR as stated on their initial Good Faith Estimate. This means that there can be no surprises at the closing table. If it were up to me, all consumers would get the HUD-1 one day prior to closing, that way all questions can be eliminated and it would make the closing go that much smoother as you would already be aware of exactly what the settlement statement has on it before you get to the closing table – that is for another discussion.After you sign the documents there is a 3 day right of recission, as on all mortgage refinance transactions on owner occupied homes. This means, quite simply that once you sign, you are given copies of all documents and given 3 business days (Saturdays count) to review all documents and make your final decision as to whether or not you want the loan. Keep in mind that the decision is YES, unless you decide to say no. So, if you sign documents on Monday, you are given until midnight of Thursday to cancel the transaction, you loan funds on Friday. Friday is too late to cancel. So, if you are going to cancel, make cetain that you notify the title company as soon as possible but you only have until Thursday to do it.Once your loan funds and you are given your proceeds (cash or payoff sent off), then you are done. Keep in mind that you cannot complete another Texas Cash Out loan for 12 months (1 year) to the day of your loan funding, without exception. You can’t even sign the initial disclosures on a new loan until after that 1 year is up. The reason I mention this is so that you realize that you only get one shot a year to do a loan like this, make sure you get what you need the first time because it will be a long time before you can do it again.Any questions pertaining to this information can be emailed to me or you may simply comment on this post and I will respond back to you.My next article will be about the what is required for a mortgage loan.