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 loans. The most common type of home improvement loan is a home equity loan. This can either be a standard home equity loan or home equity line of credit (HELOC). Because they're secured by the equity in your home, they can offer low interest rates and the interest you pay is usually tax-deductible. Home equity loans are a type of second mortgage; that is, they're a home loan that's subordinate to the primary mortgage used to purchase the property.