Government loans for beginnersWritten by Mansi gupta
Government loans are those that government of a country provides to citizens of that country in order to fulfill there needs and for their uplfitment or betterment. This helps in reducing wide gap between rich and poor and streamlines economy of country. Government loans almost are for all sorts of purposes like education loan, loan for purchasing a house- home loan, loan for setting a business- SBA- Small Business Loan, purchasing a car, heavy machine etc. Government loans are broadly divided into two categories- VA and FHA. The former i.e. VA loans are quite beneficial for they require no down payment and mortgage insurance. They are under sponsorship of Veterans Administration from where name is derived. These loans are provided at fixed rates which are not subject to modification. VA loans are meant only for qualified veterans and not to rest of public. FHA loans can be given to any qualified person who wants it. They need a little extensive paper work and are most often opted by those who seek to purchase multi family properties since they have a seemingly low down payment. If we do a comparative analysis of loans provided by private companies and banks and those provided by government, latter outweighs former in many respects. The sole motive behind a private bank or company’s lending money to people is to earn profits or to accumulate more wealth. But government works for noble cause of benefit of its citizens. It does not seek to fulfill any private purpose but whole idea is to strengthen country’s economy. It is not that government unlike any other private company giving loan has no criteria or a set of parameters to adjudicate who all are eligible for loan they apply for. But this criterion is often a mild one. Government at times gives loan to even those who do not have potential to repay it. Not just this but in case of any natural calamity or disaster if those who have taken loan become inefficient to pay it back, government simply excuses loan amount.
| | Digital vs Analogue Hearing AidsWritten by Jason Mills
Many people are choosing to convert from traditional method of hearing aids to more innovative method of digital hearing aids. Studies prove that digital hearing aids provide higher quality sound than any other form of hearing aid on market, producing better listening experiences for user. In order to distinguish which form is more effective, you must first fully understand concepts of both methods of hearing. Analogue hearing aids convert sound into electrical waves. Although analogue methods are known to produce accurate sound readings, they do not produce sounds as accurate as digital hearing aids. Digital hearing aids convert sound waves using exact mathematical calculations which ultimately produce an exact duplicate of sound. As a result, sound quality produced by digital hearing aids is considerably higher than quality of sound produced by analogue versions. If digital hearing aids are so much more effective than analogue hearing aids then why are some individuals still using analogue type? The answer is simple - digital hearing aids are significantly more expensive than analogue models and most people can simply not afford such high prices for these products. Analogue hearing aids usually cost anywhere from $200 to $1000 (or possibly more), whereas digital hearing aids can cost between $800 and $2000 (or possibly more). That being said, digital methods of hearing can potentially cost user twice as much as analogue versions.
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