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.
Equity on a property or home stems from payments made against a mortgage (including a down payment) and from increases in the value of the property. Home equity is often an individualâs greatest source of collateral, and thus can be used in financing for a home-equity loan (often called a âsecond mortgageâ) or a home equity line of credit.