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. 2  Line of credit: Get approved for a maximum amount available, and only borrow what you need. Known as a home equity line of credit (HELOC), this option allows you to borrow multiple times, and make smaller payments for several years until you have to start making fully amortizing payments to eliminate the loan.