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 line of credit (HELOC) A home equity line of credit (HELOC) lets you borrow up to a fixed amount, secured by the equity in your home, and withdraw your money as you need it over a specified time period. Typically, home equity lines of credit have a variable interest rate, variable term and variable monthly payment.