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.
Using Home Equity. Equity is an asset, so itâs a part of your total net worth. You can take income or lump-sum withdrawals out of your equity someday if you need to, or you can pass wealth on to your heirs. There are several ways to put that asset to work. Buy your next home: You probably wonât live in the same house forever.