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In this video tutorial, Jeff Smith from Coldwell Banker Residential Brokerage in Southern California explains what bridge loans are and how they can be used to buy a new property without selling your existing one. Bridge loans are short-term loans that allow you to use the equity from your current home for the purchase. This can be helpful in a competitive market where homes sell quickly, allowing you to make a non-contingent offer on a new property. Jeff also discusses the qualification process for bridge loans.