The Bank loans officer lied about the interest rate & the locked in lower repayments on my home loan !?

I recently refinanced with the National Australia Bank at North Sydney on an investment property, previously mortgaged with a non-bank lender. At the time of application I was assured the interest rate was locked in at the "introductory rate" of 6.99%. The loans officer set up my repayment schedule at $620.00 per fortnight to cover the monthly repayments. I found out today that this amount was insufficient and that the rate was variable NOT fixed and will be increasing. I was assured this would NOT be so ! Please advise me how to proceed with a misleading loans officer who lied to me and set up an insufficient repayment schedule ! Am I really liable for their mistakes ?

Sorry dude, but if you signed it then you're bound by it.

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