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A bridge loan is a short-term financing option, typically lasting from 6 to 12 months, designed to provide financial support between the sale of one property and the purchase of another until permanent financing is secured. This type of loan has become increasingly relevant in current real estate markets, where existing homeowners considering new purchases may need it to capitalize on the high demand for homes. The video tutorial discusses the definition and context of bridge loans, emphasizing their role for buyers navigating challenging market conditions.
