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.
What is a Home Equity Loan? A home equity loan â also known as a second mortgage, term loan or equity loan â is when a mortgage lender lets a homeowner borrow money against the equity in his or her home. A home equity loan or second mortgage is paid every month on top of the mortgage you already pay, hence the name âsecond mortgage.â A home equity loan or second mortgage can be a source of money to fund your major financial goals, such as paying for college education or medical bills, and can prevent building up credit card debt with high interest rates.