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In this video, Jeff, a mortgage expert, explains bridge loans, defining them as short-term financing options typically lasting from 6 to 12 months. Bridge loans help individuals transition between properties, providing funds for purchasing a new home while their current home is still on the market. Given the current challenging housing market, many buyers who own existing homes are considering bridge loans to facilitate their home buying process, as selling their current homes has become easier in various markets. Jeff emphasizes the importance of understanding bridge loans in the context of today’s real estate challenges.
