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Jeff Smith from Coldwell Banker Residential Brokerage in Southern California discusses bridge loans in this video tutorial. He explains that a bridge loan is a short-term loan that allows you to use the equity from your current home to buy a new property without selling your current home. This can be beneficial in a competitive market where homes sell quickly, as it allows you to make a non-contingent offer on a new property. Smith also discusses qualifying for bridge loans.
