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In the video, Jeff Traran, a mortgage professional, explains bridge loans. He defines a bridge loan as 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. Traran addresses the growing interest in bridge loans, particularly as current market conditions make it challenging for buyers to acquire new homes while selling their existing properties. He emphasizes that, in many markets, selling a home is easier than buying a new one, leading homeowners to consider bridge loans as a viable solution.