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.
Home Equity Personal Loan. A home equity personal loan is a loan for a fixed amount of money. Your home secures the loan. With this type of loan, you repay in equal monthly payments over a fixed term. If you do not repay, the lender can foreclose on your home. The amount you can borrow is usually limited to 85 percent of the equity in your home.