Exotic and lovely -- and much more distinctive now than Samantha or Tamara. In the U.S., Samara has been declining in popularity for some years; ranking well below its 2006 peak of Number 350. Samara is a city in western Russia as well as a bona fide first name.
How does a home equity loan work? A home equity loan lets you borrow money, using that equity you have built in your home as collateral. You receive a lump sum of money that is repayable over a fixed term, giving you the security of a locked-in rate and a consistent monthly payment. Plus, unlike most types of consumer loans, the interest on a home equity loan may be tax deductible 2.
When you borrow with a home equity loan, you can use one of two options: 1  Lump-sum: Take a large sum of cash and repay the loan over time with fixed monthly payments. Your interest rate can be set up-front, and each monthly payment reduces your loan balance and covers some of your interest costs (it is an amortizing loan).