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.
What is a Home Equity Loan? A home equity loan â also known as a second mortgage, term loan or equity loan â is when a mortgage lender lets a homeowner borrow money against the equity in his or her home. A home equity loan or second mortgage is paid every month on top of the mortgage you already pay, hence the name âsecond mortgage.â A home equity loan or second mortgage can be a source of money to fund your major financial goals, such as paying for college education or medical bills, and can prevent building up credit card debt with high interest rates.