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.
Over the years, youâve been building equity in your home by paying down the outstanding balance on your mortgage. If youâre considering one of our refinancing solutions, the amount of equity in your home you have will determine the amount of money you can borrow. Your home equity is the difference between the market value of your home and the total amount of debts registered against it including any mortgages. Your home equity will fluctuate based on the current market value of your home. Thatâs why itâs important to get an up-to-date property valuation.