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.
A home equity loan is a loan where the borrower uses the equity in their home as collateral. The equity in your home is essentially the amount of your loan that you have paid off and therefore own in your home. These types of loans are also commonly referred to as second mortgages because they are taken out in addition to the first mortgage.