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Jeff Smith from Coldwell Banker Residential Brokerage in Southern California explains bridge loans in this YouTube video. 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 it first. This is useful in a competitive market where homes sell quickly. Making a contingent offer on a new property with a bridge loan can help you secure a new property without selling your current home. Smith also discusses qualifying for bridge loans in the tutorial.