Deric Schoof

About Me

As your local Big River Mortgage certified mortgage planner, I work every day to be a strategic resource to homeowners, first-time buyers, move-up home buyers, senior citizens, real estate investors, realtors, builders, attorneys, CPA’s and financial advisors. I find that being a resource for my clients is one of the truly rewarding facets of mortgage lending. You see, for many of my clients, the purchase of a home is the largest financial decision they will ever make. And yet, our high schools, colleges and universities fail to demand fiscal literacy from those they graduate; consequently, many adults who set out to buy a home are poorly equipped to understand the increasing complexity of mortgage financing. In fact, a significant part of the current market meltdown can be directly traced to mortgage applicants who did not understand the financial implications of the legal documents they signed at closing. We believe that professional mortgage planning is the best place to start to remedy this situation.

What is mortgage planning you might ask?

• We start with a simple interview to ask our clients about their financial situation and time frame for results. We help our clients understand that they need to share personal and financial information in order for me to be able to advise them on how best to meet their goals; we also go to great lengths to explain and document the services our clients will receive.

• We analyze client information to assess their current situation and determine what they must do to meet their goals. Depending on what services they have asked for, this could include analyzing their credit situation, real estate equity, debt situation and cash flow.

• Once all documents have been received and reviewed do we offer mortgage planning recommendations that address the clients’ goals based on the information they provide. We review our recommendations with our client and help them understand so they can make informed decisions.

• With their authorization, the recommendations will be carried out. We will orchestrate and coordinate the whole process with them as well as referral partners such as realtors, builders, appraisers, title and escrow, CPAs, CFP® professionals, attorneys, insurance professionals and other qualified advisors.

• Our work really begins after their loan is closed and they have the keys to their new home. We will work together to monitor progress toward achieving their short- and long-term financial and investment goals. Each year, free of charge, we will perform an Annual Equity Review where we will review how their mortgage strategy is performing. We will also discuss income and career alterations, cash flow and family changes such as children’s financial needs or caring for elderly parents. During this review, they will have the opportunity to adjust their strategies as their life changes.

• For investors, we examine how real estate equity and investments are performing from both a cash-flow and “internal rate-of- return” perspective.

As a Big River Mortgage customer, you can count on fast, reliable service from your first contact through your final loan payment. Whether you are buying your first home, optimizing equity or debt, adjusting for life events or preserving cash-flow, a mortgage plan clarifies the decision-making process and is an important step in maximizing financial security for you and your family.

What am I doing when not planning someone’s mortgage? You can probably find me out on a golf course or behind the camera shooting weddings, bar mitzvahs, corporate mug shots head shots or in the kitchen preparing a gourmet meal.

Big River Mortgage
10121 SE Sunnyside Road
Suite 170
Clackamas, OR  97015