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what is a bridge loan hey whats up everybody it is Jeff traran Jeff the mortgage Pro thanks so much for watching the channel really appreciate it lets Jump Right In today were talking about Bridge loans what is a bridge loan uh oftentimes I hear this thrown around and its not really a bridge loan that people are talking about but for the most part let me Define what a bridge loan is its short-term financing usually anywhere from 6 to 12 months that can serve as a source to bridge the gap uh between one property and the next until permanent financing can be established so we in this particular Market that weve seen over the last year uh have heard a lot about Bridge loans and Im sure you if you are looking to buy a house and you already own your existing house have probably even like considered the option of a bridge loan just because um the market supply right now is really hard for buyers to to buy new homes so so its really easy to sell your home right now in a lot of markets
