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In this video, Jeff Traran, known as Jeff the Mortgage Pro, explains bridge loans. A bridge loan is a short-term financing option typically lasting 6 to 12 months, designed to bridge the gap between selling one property and purchasing another until permanent financing is secured. He notes that in the current housing market, many buyers who own homes may be considering bridge loans, as it can be challenging to buy new homes due to market conditions. Sellers are experiencing favorable circumstances, making the option of selling easier in many markets.
