Mortgage Loan Officer: history and fun facts
Everything a curious kid might want to know about this job.
Did you know?
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Most families need a loan from a bank to buy a house, because a house costs much more than most people have saved up.
Through history
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Long ago
Long ago, many people could not borrow money for a house at all. Over time, banks and helpers made home loans easier for families to get.
Tools of the trade
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Calculator
A calculator helps the loan officer add, subtract, and check numbers, so the family's plan adds up correctly.
A day in the job
- MorningThe loan officer sits at a desk with a computer and says hello to families who are ready to talk about buying a home.
Words to know
- Mortgage
- A mortgage is a special loan for buying a house. The family pays the money back a little bit each month for many years.
Quiz time
A loan officer looks at papers like pay stubs and bank statements to learn about a family's money.