<prompt> Human: I hope this is the right place to post this. I am extremely stressed out. I just found out that we are underwater in our mortgage about 100,000. We currently owe 380,000. We refinanced 2 years ago under the HARP program from a 10 year ARM to a fixed rate at 5.7. Since we refinanced the house went down in value another 70,000. Plus we have a 30,000 home equity loan we had to take out when we bought the house to get away from a Jumbo Loan. I called Wells Fargo to see if there is anything they can do to help. Maybe there was a principle reduction program. They said that since we previously refinanced under the HARP program we cant do it again. The first thing they suggested is to do a short sale. The problem with that is that my son will be starting college next year. If we do a short sale I understand our credit would be shot and well need to take out loans to pay for his college. Im at a loss at what options I have. I love my house but does it make sense to stay in a home that is that far underwater? Any advice on what I shouldcould do?  <response>: Why does it matter if its underwater unless you need to sell it? If you can afford to pay your mortgage, its your house and youre paying to live there regardless of its current value.If you short sell and end up paying 300 less a month for renting a place you will never own, is that better? 