[M&M]

We currently own & live in a 2 bedroom condo and have 2 kids, a retired mother-in-law & a dog. It is definitely time to settle in a bigger house. My wife and I have been discussing several options/scenarios on moving to a bigger house. Our property is currently valued lower than our loan (bought it at $390k and its current value is $260k) so selling it is out the question - or is it not? We are hoping to get qualified for a 2nd loan but what if we do not get the loan amount we need or can afford? We could rent it out but will end losing some money as our monthly mortgage payment is a bit higher than the market rent. And what if we cannot find a renter? We don't want to resort to foreclosing but is that the last option? I just wish we can start all over!What should we do? Seeking your expertise on this serious situation and any links you can direct to for resource would be greatly appreciated! Thanks in advance!