Purchasing a new home is a significant milestone in anyone’s life. It’s a symbol of stability, success, and the start of a new chapter. However, when thinking of buying or in the process of purchasing a new home, it’s crucial to refrain from adding any new debt or making unnecessary credit inquiries. This article will delve into the reasons behind this advice and also highlight how Aquino Capital Group stands out as the top mortgage broker in Las Vegas, ensuring a smooth home buying process.

The Importance of Avoiding New Debt

When you’re in the process of buying a home, your financial health becomes the focal point. Lenders scrutinize every aspect of your finances, from your credit score to your debt-to-income ratio. Here’s why avoiding new debt is paramount:

  1. Maintaining a Favorable Debt-to-Income Ratio: This ratio is a significant factor that lenders consider. It represents the percentage of your monthly income that goes towards paying off debts. Most lenders prefer a ratio that’s lower than 36%. Adding new debt can jeopardize this ratio, making it harder to qualify for a mortgage.
  2. Protecting Your Credit Score: Every time you apply for a new line of credit, a hard inquiry is made on your credit report. Multiple inquiries in a short span can lower your credit score, which can affect your mortgage interest rate or even your eligibility.
  3. Ensuring Affordability: Taking on new debt means another monthly payment. This can strain your finances and make it challenging to manage mortgage payments, especially in the first few months of adjusting to homeownership.

Aquino Capital Group: Your Trusted Partner in Home Buying

In the bustling city of Las Vegas, where the real estate market is ever-evolving, having a trusted partner can make all the difference. Aquino Capital Group has established itself as the top mortgage broker in the city. Here’s why:

  1. Extensive Experience: With years in the industry, Aquino Capital Group has an in-depth understanding of the Las Vegas real estate market. They can guide buyers through the complexities of mortgages, ensuring a painless process.
  2. Tailored Solutions: Every home buyer is unique, and so are their financial situations. Aquino Capital Group offers tailored mortgage solutions, ensuring that buyers receive the best rates and terms suited to their needs.
  3. Commitment to Clients: The team at Aquino Capital Group is dedicated to ensuring that clients have a smooth home buying experience. From the initial consultation to the final paperwork, they are there every step of the way.


While the excitement of buying a new home can be overwhelming, it’s essential to approach the process with a clear financial strategy. Avoiding new debt and unnecessary credit inquiries ensures that you remain in a strong position to secure a mortgage with favorable terms. And with trusted partners like Aquino Capital Group by your side, you can navigate the complexities of the Las Vegas real estate market with confidence.

Becoming a first-time home buyer is a significant milestone that brings a mixture of excitement, anticipation, and perhaps a bit of trepidation. The journey towards homeownership involves various steps, from house hunting to securing a mortgage. While the process may seem overwhelming, being well-prepared and informed can help you navigate through it with confidence. In this blog, we’ll discuss key aspects of the home buying and mortgage process, providing valuable insights and tips for first-time home buyers.

Before you dive into the world of home buying, it’s crucial to establish a clear budget. Take a close look at your finances, considering your monthly income, expenses, and any existing debts. This assessment will help you determine an affordable price range for your new home. Be realistic about your financial goals and avoid stretching your budget to its limits.

Your credit score plays a vital role in securing a mortgage with favorable terms. Lenders use your credit score to assess your creditworthiness and determine the interest rate you’ll qualify for. Before applying for a mortgage, review your credit report and address any discrepancies or issues. Improving your credit score can lead to more favorable loan options.

There are several types of mortgages available, each with its own set of terms and requirements. Research various options, such as fixed-rate and adjustable-rate mortgages, to find the one that aligns best with your financial situation and long-term goals. Consult with a mortgage professional to gain a clear understanding of the pros and cons of each type.

Obtaining pre-approval for a mortgage gives you a competitive edge when making an offer on a home. Pre-approval involves a thorough assessment of your financial documents by a lender. This process not only indicates the maximum amount you can borrow but also signals to sellers that you are a serious and qualified buyer.

A qualified real estate agent can be an invaluable resource during your home buying journey. They have the knowledge and expertise to help you find properties that match your criteria, negotiate offers, and guide you through the complexities of the purchasing process.

Once you’ve defined your budget and enlisted the help of a real estate agent, it’s time to start house hunting. Make a list of your must-haves and nice-to-haves in a home, and prioritize your needs. Be patient and open-minded, as finding the perfect home may take time.

When you’ve found a home you love, your real estate agent will help you craft a competitive offer. The seller may accept, reject, or counter your offer. Negotiations can involve factors such as price, contingencies, repairs, and closing costs. Your agent’s negotiation skills will play a key role in reaching a mutually beneficial agreement.

After an offer is accepted, a home inspection is typically conducted to assess the property’s condition. A qualified inspector will identify any potential issues or areas in need of repair. The inspection report can influence your decision to proceed with the purchase or negotiate repairs with the seller.

Once your offer is accepted, you’ll move forward with finalizing your mortgage. This involves submitting detailed financial documentation to the lender, who will review and verify your information. Be prepared to provide additional documents and promptly respond to any requests for information.

The final step is the closing, where all parties sign the necessary documents to transfer ownership of the property. You’ll also settle any outstanding fees and make the required down payment. It’s essential to review all documents carefully and ask questions if anything is unclear.


Becoming a first-time home buyer is a thrilling experience that comes with its own set of challenges. By understanding the steps involved, being financially prepared, and seeking professional guidance, you can navigate the home buying and mortgage process successfully. Remember that patience, diligence, and careful consideration will lead you to your dream home and the joy of homeownership. Happy house hunting!

Aquino Capital Group
The Aquino Capital Group empowered by NEXA Mortgage LLC founded by brothers Nick and Michael Aquino, has a goal and mission to provide a level of service that is second to none.
Company NMLS: 1877202
Equal Housing Lender
Contact Us
9805 W. Post Rd
Suite 220
Las Vegas, NV 89148
(800) 846-0729
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Aquino Capital Group LLC empowered by NEXA Mortgage LLC, NMLS # 1660690
Corporate Address 3100 Ray Rd Suite 201 Office # 209| Chandler, Arizona 85226
Company NMLS 1660690| Branch NMLS 1877202| Company State License # AZMB-0944059, Branch 8905 W. Post Rd, Suite 220 Las Vegas, Nevada 89148

The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.