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 taken out on a property where you already have a mortgage or have paid o â¦ ff the mortgage and want to release some of the difference between the value of your home and the balance of any remaining mortgage to spend on other purposes.