Samara is a female given name. It is of Hebrew and Arabic origin, and its meaning is guardian or protected by God. The section History and Origin of this page contains content from the copyrighted Wikipedia article Samara (given name); that content is used under the GNU Free Documentation License (GFDL).
A home equity loan is basically a second mortgage on the home you are already purchasing. If you already own the home free and clear it will be your only mortgage but will still be considered a home equity loan. Equity means the portion of the home that you own that is not mortgaged.ome banks may allow you to redo the entire equity loan and add to it, providing you have paid down enough, and the loan doesn't exceed the equity you own in the home. The second type of home equity loan is a revolving line of credit. This one works just like a credit card.
A home equity loan is a loan secured by the equity in your home. Your lender will use an assessment to d â¦ ecide your home's value and the amount of equity available to abstract. If the available equity exceeds your mortgage balance, you can use an equity loan to pay off your mortgage.he interest on the second mortgage is deductible but not the home equity loan. If you could deduct the interest on the equity loan also, then you would be double dipping and â¦ the IRS doesn't like that. In every situation, one party can and the other party can deduct the interest.