Renting Homes In Laguna Beach
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Many times my clients will ask me if it is indeed cheaper to rent than to purchase a home. In these current economic times I'm seeing an increase in the number of people renting homes in Laguna Beach. We have a influx of corporate clients who are relocating to the area and renting for the first year so that they may determine where and when they want to purchase in California. With the median home price currently at about 1.5 Million in Laguna Beach, many people just cant afford to purchase a home. If you don't have cash reserves in the bank, a 2 year employment history, and good credit it may be difficult to qualify for a mortgage in today's market. However a FHA loan allows for the purchase of a home with a low down payment and your credit scores are not…
