mortgage by

sasha

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.

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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

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!

As a broker, we compare16 different banks and lenders to ​find you the best mortgage, rate and fees for your financial ​needs.

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.

We are in the business of creating raving fans. We want ​you to love our service so much you rave about it to ​everyone!

The real estate market works on the weekend and so do ​we. We are here to help on the weekends too.

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

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.

Georgia Dream Peach Plus

New program from GA dept. of ​community Affairs (link)

Opendoor’s $62M Settlement:

Exposing the Pitfalls of Real Estate Alternatives (link)

• In a recent development that has gone largely unnoticed, real estate company ​Opendoor has agreed to pay $62 million to settle a lawsuit alleging that it ​misled sellers into selling their homes for less than they could have gotten on ​the open market. This case highlights the potential risks associated with ​alternative real estate models and the importance of understanding how ​these companies operate.
  
• The linked article touches on a few key points.
• The Business Model of Real Estate Alternatives:
  
• Opendoor’s Misleading Claims
  
• The House Flipping Connection
  
• Maximizing Your Home’s Value
  
• The Changing Landscape of Real Estate Commissions
  
• The Influence of Lawsuits on Mortgage Guidelines
  
• The conclusion being that as the industry navigates difficult times and sellers ​need to be aware of pitfalls in alternative listing methods. Putting your house ​on the market is the best way to determine its value and get the best price.