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Jeff Smith from Coldwell Banker Residential Brokerage in California discusses bridge loans in this tutorial. A bridge loan allows you to use the equity from your current home to buy a new property without selling your existing home. This is beneficial in a competitive market where homes sell quickly. Making a contingent offer on a new property while your current home is in escrow can be challenging, so a bridge loan can help you secure the new property. Learning about qualifying for bridge loans is also essential for this process.