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In this video tutorial, Jeff Smith from Coldwell Banker Residential Brokerage in Southern California discusses bridge loans. 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. Qualifying for a bridge loan is also discussed. Bridge loans can help individuals buy a new property without being contingent on selling their existing property.