Are you a Consultant or an Order Taker? The number one reason for the sub-prime mortgage meltdown.

Real Estate Agent with - Keller Williams Realty East Bay 925-337-8489

Do you have what it takes to give your clients the best possible service or are you doing just what they tell you to do?  A Consultant is defined as: "A person who gives professional or expert advice." by  Are you giving professional or expert advice?

Financial Fitness a Real Estate and Finance Blog by Nate Ellis

We all love the easy clients.  They are ready to buy today and all of their financing is ready to go.  But what do we do with the ones that aren't ready yet.  Do you tell them to fix their credit, get more of a down payment, stick them in your tickler file to follow up with them in a few months? Or, do you give them the tools to do it.

You could send them to a credit repair service.  Is this really helping them build the financial tools to help them manage the largest debt of their lives?  The number one reason for the mortgage meltdown is the lack of knowledge on how to budget.  Discussions about money are taboo in many households across America and financial issues are sighted as one of the top reasons for divorce.  You most likely learned most of your financial habits from your parents.  If you did not have a good role model you may have never learned the skills to help you budget. is a great tool to help your clients learn those skills. is a great FREE site to help people manage all of their financial obligations, including creating and managing a budget, online access to all of your accounts and goal setting.  There is a great feature called a Confession that allows a user to post a goal, or blunder for all to see.  They can choose to do it with or without their name attached.

"The hardest thing when I am teaching a Budget Class is getting people that have never done a written budget to keep one up for at least 30 days." Says Nate Ellis a Certified Money Management Volunteer (CMMV) for Money Management International, a non-profit financial education resource, in the San Francisco - CA, East Bay. " puts all the resources for a family to create a complete budget in one place.  They can even get updates on their phone."

Geezeo LogoI see Geezeo as a logical partner blog for ActiveRainers to help people get answers to the financial aspects of buying a home or purchasing investment property.  There are great tools that can help someone be accountable and committed to reach their goals. The ability to work on your budget and manage your money in one place is a key element in helping someone reach financial goals that they feel may be out of reach.  The anonymous confession starts the process of allowing a person to Dream and release that energy so the process of materialization can start.  The confessions also can help people learn from others financial blunders.  The most powerful tool is the financial blog posts to help people get advice from professionals in a format that regular people can ask questions and get replies in a format that can be anonymous and for the benefit of all.

I implore you to help increase financial literacy and give your clients the tools they need to help them make better financial decisions.  When you log on make sure you join the Active Rainers on Geezeo Group.

Danke Schoen,

Active Nate - A Real Estate Blog by Nate Ellis



Nate Ellis "Mr. Danke Schoen" is the Vice President of the Contra Costa Realtors in Motion (CCRIM) real estate marketing group.  Nate Ellis specializes in assisting First Time Home Buyers with no money down by leveraging Down Payment Assistance in the form of grants and "silent seconds".  Nate Ellis is a certified lender for the City of Walnut Creek, City of Concord and City of Pittsburg First Time Home Buyer program, as well as several other San Francisco Bay Area Cities.  Nate Ellis is also the Chairman of the Mt Diablo Housing Opportunity Center (MtDHOC) steering committee.  The MtDHOC acts as the central resource for Contra Costa County's housing needs and education regarding: First Time Home Buyers, Foreclosure Prevention, Senior Housing and Landlord and Tennant resources.  Nate Ellis is also a Certified Money Management Volunteer (CMMV) for Money Management International and assists people with credit evaluation and financial education.  Nate Ellis is a certified CalHFA, CalPERS and FHA Lender.  Nate Ellis is a Loan Officer for Residential Pacific Mortgage 3201 Danville Blvd, Alamo, CA 94507.  Equal Housing Lender. Any rates or programs quoted or referenced are not guaranteed and are subject to terms and conditions.  All offers and programs may be withdrawn at any time. ©Copyright 2008 MrDankeSchoen Nate Ellis  Help a Teacher, Cop, Firefighter or EMT be a  Good Neighbor.

Clint Haynes
Peoples Home Equity, Inc. - Mount Juliet, TN

Good post.  I'll have to check this site out.  I think your right about the subprime mortgage meltdown.  It was all about putting people in homes, regardless if it was logical to do so or not.  You and I both know it became way too easy for anyone to get a home, and we are seeing the repercussions of it now.

Jan 17, 2008 06:23 AM
Nate Ellis - Keller Williams Realty East Bay 925-337-8489 - Concord, CA
"Mr Danke Schoen"

Thanks Clint.  I believe if we can educate our buyers better they will be better equiped to handle this stuff.

Jan 17, 2008 06:43 AM
Matthew Rosov
Amerisave Mortgage Corporation - Laurel, MD
Certified Mortgage Planning Specialist

Totally agree with you Nate.  Though it sometimes hurts the pocket book, I would rather suggest to folk to try to use the financial tools they have at hand first before spending a bunch of money that won't help them out down the road!

Just joined!

Jan 17, 2008 06:50 AM
Nate Ellis - Keller Williams Realty East Bay 925-337-8489 - Concord, CA
"Mr Danke Schoen"


Thanks for your feedback and Danke Schoen for joining the ActiveRainers group on Geezeo.

Jan 17, 2008 07:38 AM
Keith Hoffman
1st Advantage Mortgage - Lombard, IL
1st Advantage Mortgage - Residential Mortgage Specialist
Nate, thanks for the informative post.
Jan 19, 2008 01:55 AM