Answer
1. Sell the house.
2. Outside of that, your position is complicated. Check your state laws to see what restrictions govern SAMS. Refinancing the mortgage will involve a prepayment penalty that could be stiff; whether that is more or less than what you will owe at the end of the SAM depends on how much the house has appreciated.
If I were in your shoes, I would go to somebody knowledgable about mortages and run the numbers on your particular property. There are no easy answers here, sorry.
First answer by anonymous. Last edit by anonymous. Question popularity: 173 [recommend question]
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