mortgage by

sasha

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.

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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

House

NMLS license

INDIVIDUAL: GA 643683 I FL LO125491


COMPANY: CORNERSTONE MORTGAGE GROUP

GEORGIA, ALABAMA AND FLORIDA

NMLS ID: 147913

mortgage


FAQ’s


  1. 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.
  2. What credit score do you look at? We pull from Equifax, Experian ​and TransUnion. Your qualifying score is the middle credit score.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. How much money do I have to put down? The down payment ​depends on occupancy and loan program.
  8. 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!
  9. 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

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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.

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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!!!

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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

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41 Marietta Street

Aipharetta, GA 30009

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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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