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guys welcome back to the sigma real estate glossary in under two minutes im your host jimmy odone and the term of the day is bridge loan a bridge loan is a short-term loan secured by the borrowers current home which is usually for sale at the time and this allows the proceeds to be used for building or closing on a new house before the current home is sold its also known as the swing loan now this one when its used in the right way its a very useful tool but theres always a but just be careful because at times they can have high interest rates and high fees now in a highest and best you know low supply high demand market this is a very useful tool and you might see it being used more and more so that way you can still buy a house and the seller doesnt have to worry about you selling first so its a win-win for everybody when youre using these products speak with your loan officer and find out everything you need to know about it before signing up for it and as usual im your h