What Is VoIP? Long Beach

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What is Voice over IP?  For those of you puzzled by the buzz word these last few years, Voice over IP or VoIP is the ability to place phone calls over the Internet, usually through your computer either to another computer or to a land line.

There are many providers both free and some will cost you.  I have used Gizmo’s for a few years to make my computer to computer calls for free around the world.  I can also call land lines anywhere at a very cheap rate, currently one cent in the US and a little more elsewhere.  Another system is Skype which offers almost everything Gizmo does. 

There are also systems that support IP Telephone handsets.  They resemble telephone sets but use your Internet connection.  The most famous is Vonage although I am still not sold on the product, my friends have reported too many quirks.

Finally, it is important to note that Verizon and most Telcos have been rumored to using VoIP for years which they deny.  However, more services have sprouted over the years such as the fifty dollars a month all you can call which I believe now is less.  Do your research and save money on your calls, especially for businesses.

 For more information, please go and read Tom’s Networking FAQ.

Foreclosures Jump With ARMs Reset, Long Beach

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Another favorite speculation are foreclosures as plenty of stories are heard of people being promised to refinance years ago only to get stuck with unforseen monthly rate hikes.  As more ARMs adjust upward and housing prices fluctuate, many Americans find it harder to refinance.

The Mortgage Bankers Association released numbers that show foreclosures fell in the first quarter of 2006 over the first quarter of 2005 for all loan categories except subprime loans.

Many people took equity out of their houses and refinanced when interest rates were low.  Most people never thought it would be hard to refinance and certainly didn’t predict a softening off the market.   ARMs are not as interesting as the difference in interest rates narrows.  More than $300 billion worth of hybrid ARMs will readjust for the first time this year and an expected $1 trillion in 2007, according to the MBA. This means monthly payments will go up.

Foreclosures hit a historical low nationwide at about 50,000 last year, that number has more than doubled since then, according to Foreclosure.com.  Some experts expect foreclosures to skyrocket in California, Florida, Virginia and Washington, D.C.  Dr. James Gaines, a research economist at The Real Estate Center at Texas A&M University says there is a direct correlation between market slowing down and foreclosure.  California has the highest percentage of homes purchased with adjustable rate mortgages. First-time buyers who stretched their budgets might be the more affected.

 You can read the complete article here.