NMLS license
INDIVIDUAL: GA 643683 I FL LO125491
COMPANY: CORNERSTONE MORTGAGE GROUP
GEORGIA, ALABAMA AND FLORIDA
NMLS ID: 147913
Hi!
I'm Sasha Mikutowicz
I love working with homebuyers and homeowners. Our team is fully committed to providing the very best service by treating every customer of ours as if they were a close friend. I am passionate about educating borrowers on the home buying and refinancing process. My 20 years of experience as a mortgage underwriter provides the advantage of knowing what the underwriter requires. This will ensure you have a smooth transition from loan application to closing. We offer a multitude of loan products to fit most situations. I will work closely with our housing partners to give you the best chance at realizing your goal. Let's turn your dreams into reality!
Cornerstone Mortgage Group LLC
Cornerstone Mortgage Group is a boutique Metro Atlanta based residential mortage lender located in Downtown Alpharetta. We pride ourselves on offering 'raving fan' service to every client we work with. We are not in the business of processing transactions; we are in the business of building lasting relationships.
CMG was established in 2006. The company was built on the principals of a community and team approach, which still holds true. Fast forward to 2024, we have 40 employees and were able to help over 2000 families last year. Come be a part of our family, we would love to show you the Cornerstone Way.
Mortgage Services
Loan Product & Programs
Conventional | Jumbo | FHA | VA | USDA
Home Purchases and Refinances
We’re Local
We are local, we want you to help your dream of becoming a part of our community!
Competitive pricing
As a broker, we compare16 different banks and lenders to find you the best mortgage, rate and fees for your financial needs.
Pre-approval
We provide true ‘Pre-approvals’ and will call the listing agent to help set your offer apart from the
competition. This strategy, accompanied with our local reputation, helps win in multiple-offer situations.
Local Appraisers
We work with local appraisers who have a better understanding of local comps and therefor provide more accurate appraisals.
Five Star Customer Service
We are in the business of creating raving fans. We want you to love our service so much you rave about it to everyone!
7 Days a week
The real estate market works on the weekend and so do we. We are here to help on the weekends too.
NMLS license
INDIVIDUAL: GA 643683 I FL LO125491
COMPANY: CORNERSTONE MORTGAGE GROUP
GEORGIA, ALABAMA AND FLORIDA
NMLS ID: 147913
Buying a home can be stressful. We are with you every step of the way! We’ve outlined the steps below, so you know exactly what to expect when buying a home.
Our 10 Step Process
Step 1
We take your loan application, and you submit documents.
Step 2
You’re pre-approved! Start Looking for homes.
Step 3
We create your loan estimates to review with you.
Step 4
You'll submit an offer and go under contract.
Step 5
We'll send you disclosures for signatures and submit to the lender for approval and order your appraisal. You may need to submit additional documents.
Step 6
Conditional approval (you may be asked to submit more documents).
Step 7, 8, & 9. (may vary in order)
- Review & sign initial closing disclose (CD).
- Clear to Close!
- Wire funds for closing.
Step 10
Final closing disclosure (CD).
Congratulations you're ready to close!
LOAN ORIGINATOR
Steps 1-5
Sasha Mikutowicz
Loan Originator
Phone: (678) 628-7256
Email: smikutowicz@cmghl.com
PROCESSING TEAM
Steps 6-10
Kevin Malloy
Pat Malloy
Processor
Phone: (770) 826-6060
Email: kmolley@cmghl.com
Processor
Phone: (770) 654-9599
Email: pmolley@cmghl.com
If any of these things happen, please call us immediately so we can review and
reassess your eligibility for your loan.
10 Loan Commandments
I. Thou shalt not change or quit jobs
II. Thou shalt not buy a car, truck or boat unless you plan to live in it
III. Thou shalt not max out your credit cards
IV. Thou shalt not close any accounts
V. Thou shalt not spend your down payment money
VI. Thou shalt not open new credit before your loan closes
VII. Thou shalt not change from W2 to 1099
VIII. Thou shalt not make any large undocumented deposits into your bank account
IX. Thou shalt not shuffle your money
X. Thou shalt not co-sign for new credit with anyone
NMLS license
INDIVIDUAL: GA 643683 I FL LO125491
COMPANY: CORNERSTONE MORTGAGE GROUP
GEORGIA, ALABAMA AND FLORIDA
NMLS ID: 147913
mortgage
FAQ’s
- Is this a hard credit pull or soft credit pull? Initially we will do a soft credit pull then a hard credit pull before submission.
- What credit score do you look at? We pull from Equifax, Experian and TransUnion. Your qualifying score is the middle credit score.
- Why does my credit show different from the credit score I see on Credit Karma or other sites? We see this a lot. We use the mortgage credit model that Fannie and Freddie use. Companies like Credit Karma use a different consumer model which often shows different scores.
- How long does the credit pull last for? Credit lasts for 120 days, so as long as you close on your home within that time frame, we won’t have to repull credit. Before closing, there will be a soft pull on your credit to verify you have not added any new tradelines, but this soft pull will not affect your credit.
- What is considered good credit? We need a minimum of a 580-credit score in order to be able to qualify you. Anything above 760 is considered perfect credit. Your credit score will help us determine the best loan program for you.
- What happens if I don’t qualify? If you don’t qualify, we will work on a plan to help you figure out action items that will help you qualify in the future.
- How much money do I have to put down? The down payment depends on occupancy and loan program.
- Can the down payment be a gift? Yes, you can get a gift from a family member for down payment, but there are restrictions on some loan programs. Please ask us for clarification!
- What does these Purchase contract terms mean?
Due Diligence – this is the period of time you can cancel for any
reason and get your earnest money back.
Financing Contingency – this is the period of time you can cancel and
get your earnest money back if you have any loan issues that won’t
allow you to close.
Appraisal Contingency – this is the period of time you can cancel and
get your earnest money back if you have any appraisal issues.
Close Date – the date you sign for your new home.
10. What happens once I lock my rate? Once you lock your interest rate, it cannot go up. However, on the same note, it cannot go down either. Once you lock in your interest rate, it is locked through your close period and cannot change. There are some lenders that allow a float down, but it would require a good shift in rates.
11. Can I choose my appraiser? No. Since 2009, there are rules and regulations that state we have to use an appraisal management company to auto-assign an appraiser.
12. Why do you need all pages of my bank statements if the last pages are blank? Fannie and Freddie require all pages even if they are blank.
13. Why is the underwriter asking for information I feel like I have already provided? The underwriter needs documents in specific formats. The team will let you know exactly what they need to satisfy their conditions.
14. Why do I have to sign the Initial Closing Disclosure (CD) if it is not correct? There was a regulation passed that requires this document to be signed 3 days prior to closing as proof of acknowledgement or you cannot close on time. At this point of the process, all of your closing costs will be correct but we will still be finalizing your pre-paids and escrows.
IMPORTANT: Wire fraud is very real, so make sure you get the wiring instructions from the attorney via a secure link and always call and verify the instructions before wiring your money.
15. When should I wire my money? Most people wire 24 hours prior to closing, but if needed, you can wire the money early based on the numbers from the Initial Closing Disclosure (CD). If you wire too much, the attorney will cut a check back to you. If you wire too little, the attorney will take a personal check for the difference.
16. Should I notify my bank? Yes. You will want to reach out to them to confirm their process for wiring ahead of time.
17. How do I confirm the closing attorney received my wire? Please call us once you send the wire and we’ll confirm for you.
18. What do I need to bring to closing? Please bring your checkbook and 2 forms of ID.
NMLS license
INDIVIDUAL: GA 643683 I FL LO125491
COMPANY: CORNERSTONE MORTGAGE GROUP
GEORGIA, ALABAMA AND FLORIDA
NMLS ID: 147913
Client Testimonials
Sasha is the best!!! Very professional, Knowledgeable and goes above and beyond for her clients. Made my home buying experience very enjoyable. Glad I was introduced to her because I almost gave up dealing with my last lender. Thank you so much for all you do.
I just closed on my 1st house with Sasha, and she made it happen!!!! Her knowledge is outstanding. You won’t regret it. Just have a phone conversation and you will notice the difference from the other Loan Officers!!!
Sasha was the most informative Loan officer I’ve ever dealt with and this is my 3rd home loan. You won’t regret going with her. She is the best in town.
NMLS license
INDIVIDUAL: GA 643683 I FL LO125491
COMPANY: CORNERSTONE MORTGAGE GROUP
GEORGIA, ALABAMA AND FLORIDA
NMLS ID: 147913
Mortgage by Sasha
20 jUNE 2024
newsletter
Return on Investment
Why your client shouldn’t wait to buy,
if they can afford to.
Home Investment
- Let’s say you buy a $400k home and put 5% down.
- That is a $20k investment plus closing costs - which are an estimated $10k.
- So, your initial investment is $30k.
- If you get 5% appreciation the first year, that means you make $20k on your $30k investment, so your rate of returns is 66%.
Stock Investment
- For reference, if you put $30k in the stock market and received a 10% return, that would be considered great.
- However, you only get the return of $3,000
- your return is based on the 30k investment vs the value of the home 400k
Rental cost
Now let’s look at the cost to wait if you are renting.
- If you currently pay $2k in rent, and we use the same scenario of a $400k home that appreciates 5% next year, then the COST OF WAITING a year is $44k.
- you lost $24k in rent plus the $20k in appreciation
Due to affordability not everyone can buy right now. But if you are still able to qualify for a home that fits within your budget, your client will make a great rate of return on your home over the next 5 years.
As expected, the Federal Reserve kept the Fed Funds rate range unchanged at 5.25% – 5.50% last week. The committee is focused on sustainably reducing inflation down to 2% and is committed to keeping rates higher for longer to make that happen.
- The Fed’s announcement comes on the heels of the most recent CPI readings that showed “all items less food and energy” levels at their lowest in the last 12 months
No Rate Drop Yet,
But CPI Readings Promote Optimism
Mortgage Recast
DO YOU HAVE TO SELL BEFORE YOU BUY? NO
SAY HELLO TO THE MORTGAGE RECAST
A lot of clients think they have to sell before they buy. If that is the case, it is very hard to get a contingent offer accepted in this market.
This is where a loan recast can help.
- If you can come up with a 5% down payment on a conventional loan and qualify with both mortgages you may be able to buy before you sell.
Here is how the recast works.
- You buy your new home with 5% down and then once your other home sells, we use the recast to re-amortize your payment and get rid of PMI if you put 20% down.
- (Traditionally when you pay extra money towards your mortgage it allows you to pay off the home faster but is not reflected in your payment.)
- The only restrictions are you must wait 2 – 3 months before you do the recast, must put a minimum of $10k towards your principle and pay a $500 fee.
- This also only works on a conventional mortgage so you could buy a home for up to $806k and only put 5% down.
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NMLS license
INDIVIDUAL: GA 643683 I FL LO125491
COMPANY: CORNERSTONE MORTGAGE GROUP
GEORGIA, ALABAMA AND FLORIDA
NMLS ID: 147913