My home is worth 40k and I owe about 74k. It is 936 sq. ft., 2 bedroom. I have a wife and 2 young sons. I can make the payment and have been making the payment on time everytime. We have just outgrown it. I have already refinanced 2 times. When I originally bought the home 6 years ago I was apart of the whole predatory lending fiasco. There is no way I could rent either.