Hi
Situation is as follows:
Borrowed 700k Westpac in March 2013 (property purchased 840k)
300k was fixed for 2 years at 4.99
400k fixed for 5 years for 5.69
Fast forward to the present and the 2 year fixed rate is up for renewal.
Property is now worth about 1.2/1.3m
I have about 120k...