URGENT. SUBJECT: Programming for Business Applications using Python ( PLEASE ANSWER IT ACCORDING TO THIS CASE. THANK YOU)

Dream House Question Part 1 (3 marks out of total 15 marks)

You and your lovers have graduated from HKBU and now have a great job! You and your lovers want to buy a house before marriage. As housing prices are very high in Hong Kong, you realize you are going to have to save for several years before you can afford to make the down payment together with the related cost on a house. In this project, you are going to write a program to help yourself to understand better for having a mortgage in Hong Kong and how to prepare sufficiently money for the action of buying a house.

Requirements

In order to start to write the python program, you need to understand the problems (Buying a house and having a mortgage), and to collect related information so that you can start coding.

A paper to describe your understanding about the problems, the relevant cost information about have a mortgage in Hong Kong and the concerns aroused in the process.

Reply comment: Yes. You may need some assumptions to predict the time to have a mortgage in Hong Kong. For example, if the house price is 3 million hong kong dollar, what is the downpayment of this house, or other assumptions that will affect the total time of buying a mortgage in Hong Kong